Finding Text
Condition - The Corporation has not submitted Form SF-SAC to the Federal Audit Clearinghouse for the year ended January 31, 2024 within the required timeframe.
Criteria - According to the Uniform Guidance compliance requirements, the audit package and the data collection form shall be submitted 30 days after receipt of the auditor’s report, or 9 months after the end of the fiscal year, whichever comes first.
Effect - The Corporation was not in compliance with the above Uniform Guidance compliance requirement.
Cause - Due to delays of audit documentation from management, the audit was not able to be completed within the required timeframe.
Repeat finding - This is a repeat of finding 2023-001 and 2023-002 from the prior year.
Recommendation - We recommend that the submission of Form SF-SAC to the Federal Audit Clearinghouse for the year ended January 31, 2024 be done as soon as possible.
Management’s Response -Management will submit the form SF-SAC to the Federal Audit Clearinghouse as soon as the audit is received for the year ended January 31, 2024.