Finding 1142387 (2024-002)

Finding --- The reporting package was not made available to users timely. Criteria --- The Federal Audit Clearinghouse requires a reporting package to be submitted within the earlier of 30 days after receipt of the audit report(s), or nine months after the end of the audit period. Condition --- The Organization submitted the reporting package on May 30th, 2025. Context --- In its financial state, a limited number of resources were available to perform a timely close and audit submission. Effect --- The Organization cannot be considered low risk in the future year. Cause --- A late Federal Audit Clearinghouse Submission precludes the Organization from being considered low risk per the Uniform Guidance. Recommendation --- The Organization should develop procedures to ensure that future annual financial statement closing procedures are performed timely and that reporting packages are submitted to the Federal Audit Clearinghouse within the earlier of 30 days after receipt of the auditors’ reports or 9 months after the end of the audit period. Management response --- The Organization will seek to achieve a timelier closing process and audit submission.