Finding Text
Finding 2024-001: Untimely Submission of the 2023 Single Audit Reporting Package
Nonmaterial Noncompliance Reporting
Federal Programs: Applicable to all assistance listing numbers (ALN’s) and federal agencies (and pass-through entities) included on the schedule of expenditures of federal awards for the year ended June 30, 2024.
Criteria: Uniform Guidance 2 CFR 200.512(a), Report Submission requires that each organization’s audit must be completed and the data collection form and reporting package submitted within the earlier of 30 calendar days after receipt of the auditor’s report or nine months after the end of the audit period. For any 2023 submissions with fiscal periods ending between January 1, 2023 and September 30, 2023, the 2 CFR 200.512(a)(1) requirement for Single Audit report to be submitted to the Federal Audit Clearinghouse 30 days after receipt of the auditor’s report(s), is waived. These audits will be considered on time if they are submitted within nine months after the end of the audit period.
Condition and Context: The Single Audit reporting package for the System’s fiscal year ended June 30, 2023 was submitted on May 30, 2024, but the package should have been submitted to the Federal Audit Clearinghouse prior to March 31, 2024.
Cause: The System does not have compensating controls in place over timely submission of the Single Audit reporting package.
Effect: The Single Audit reporting package was not received timely by the Federal Audit Clearinghouse.
Questioned Costs: None.
Repeat Finding: No
Recommendation: To ensure compliance with Federal regulations, we recommend the System develop additional controls so all elements of the Single Audit reporting package are submitted on a timely basis.
View of Responsible Officials: Management agrees with this finding. See corrective action plan.