Finding Text
Finding Number: 2024-001 Criteria: 2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, subsection 200.512(a)(1) Report Submission, states that the auditee must complete and submit the single audit report (including financial statements and schedule of expenditures of federal awards) to the Federal Audit Clearinghouse within nine months of the organization's year-end. Condition and Context: The Audit submission to the Federal Audit Clearinghouse, for Fiscal Year June 30, 2023, was not submitted until December 11, 2024, which was past the nine-month deadline of April 30, 2024. Cause and Effect: In prior years the Elder Abuse Institute of Maine was not required to have a Single Audit performed. During fiscal year 6/30/2023, they received a direct federal grant from the U.S. Department of Health and Human Services. This new funding increased the federal grant expenditures over the $750,000 threshold and they were unaware that occurred, until the June 30, 2023 audit began. As a result, the audit for June 30, 2023 was not in compliance with all Uniform Guidance reporting requirements. Recommendation: Make sure the submission to the Federal Audit Clearinghouse is completed within 30 days of the auditor’s report. View of Responsible Officials and Planned Corrective Actions: We plan on verifying that the submission to the Federal Audit Clearinghouse is completed in a timely manner moving forward.