Finding Text
2024-002 Audit report deadline (Repeated 2023-003)
CFDA Number Name of Federal Program or Cluster
84.425 Education Stabilization Fund
84.041 Impact Aid
84.287 Twenty-Frist Century Community Learning Centers
Condition:
Montana local governments with a June 30th fiscal year end must submit their audit report
to the MT Department of Administration and the Federal Clearing house by March 31st,
following the fiscal year end. The District audit was not completed until April 2025. This
is a repeat finding from the prior year audit. Context:
Per review of the audit compliance requirements for both the State of Montana and the
Federal government.
Criteria:
The audit for the fiscal year ended June 30, 2024, was due to the State and the Federal
government by March 31, 2025 as required by MT Administrative Rules 2.4.411 and the
Federal Uniform Guidance/A-133 rules.
Effect:
The District is late in completing the audit for fiscal year 2024.
Cause:
The District transitioned to a new accounting system in January 2024. During this
transition, certain issues went undiscovered until the fall of 2024, requiring corrections.
These corrections were needed for more accurate financial reporting, and were not
completed until January 2025.
Recommendation:
We recommend the District complete their annual audits in compliance with MT
Administrative Rules 2.4.411 and federal rules described in the Uniform Guidance/A-133.