Finding Text
2021-004 Late Filing of Single Audit
Condition/Criteria
The Office of Management and Budget (OMB) Memorandum M-20-26 requires December 31, 2021 single audits to be filed by September 30, 2022. The City did not file its single audit for the year ended December 31, 2021 timely.
Cause
Due to staff furloughs, COVID-19, and time consuming atypical administrative demands, the City was unable to have its audited financial statements complete timely, and was unable to meet the September 30, 2022 deadline. Context
The City’s Single Audit for the years ended December 31, 2022, 2023, and 2024 will also not be filed timely. The City is working to resolve these issues and intends to file future Single Audits timely.
Recommendation
We recommend that the City continue working to resolve its issues with respect to timeliness, and that it file future Single Audits on time. Corrective Action Plan
As noted above the City is working to resolve these issues, and intends to file its future Single Audits timely.