Finding Text
Federal Program: All federal programs
Criteria: The Uniform Guidance requires all entities that expend in excess of $750,000 of federal
expenditures to file audited financial statements within 9 months of year-end.
Condition: The Foundation’s August 31, 2023 audited financial statements were not filed with
the Federal Audit Clearinghouse within nine months of the Foundation’s year end.
Cause: Changes in Schedule of Expenditures of Federal Awards during the audit.
Questioned Costs: None
Effect or Potential Effect: The Foundation is not in compliance with Uniform Guidance
requirements.
Recommendation: We recommend the Foundation ensure records are reconciled and available
for audit within a timely manner of year end.
Views of Responsible Officials: Management recognizes the deficiency and plans to implement
the auditor’s recommendations.
Indication of Repeat Finding: This is a new finding in the current year.