FAC Explorer

Finding 1155030 (2023-001)

Material Weakness Repeat Finding
Requirement
L
Questioned Costs
-
Year
2023
Accepted
2025-09-24
Audit: 367359
Organization: YMCA De San Juan (the Young Men's Christian Association of San Juan, Inc.) (PR)
Auditor: Nma Certified Public Accountants Psc

AI Summary

  • Core Issue: The Organization failed to submit audited financial statements to OMB on time for the year ended December 31, 2023.
  • Impacted Requirements: This violates federal law (2 CFR §200.512), which mandates submission within 30 days of the auditor's report or nine months after fiscal year-end.
  • Recommended Follow-Up: Management should establish systems to ensure timely submission of audited financial statements to OMB.

Finding Text

Finding 2023-001: The Organization did not timely submit audited financial statements to the Office of Management and Budget (OMB) Agency: U.S. Department of Housing and Urban Development Federal program: Hurricane Sandy Community Development Block Grant Disaster Recovery Grants (CDBG-DR) ALN: 14.269 Compliance requirement: Reporting Category: Compliance Questioned Costs: None Repeat finding: No Criteria: Under federal law (2 CFR §200.512), The Organization is required to submit audited financial statements to OMB 30 days after the date of the auditors’ report, or nine months after the fiscal year end, whichever comes first. Condition: The Organization did not submit audited financial statements to OMB for the year ended December 31, 2023 before due date. Effect: The Organization is not in compliance with reporting requirement as specified by federal law (2 CFR §200.512). Cause: The Organization did not have systems in place to submit the audited financial statements within the required time period. Recommendation: Auditor recommends management implement systems to ensure audited financial statements are submitted to OMB within the required time period.

Corrective Action Plan

Finding 2023-001: The Organization did not timely submit audited financial statements to the Office of Management and Budget (OMB). YMCA of San Juan Response: The Organization agrees with the finding. Corrective action plan: During 2024, YMCA implemented a more timely process for closing its financial statements. Additionally, financial information is now presented to the Finance Committee of the Board of Directors on a quarterly basis. As part of these improvements and to prevent this finding in the future, the 2024 financial audit was initiated in March 2025, with the goal of completing both the 2024 financial audit and single audit by June 2025. Name (s) of person (s) responsible for corrective action: Lysbell Araujo, Finance Director YMCA Accounting Department Anticipated completion date: June 2025

Categories

Reporting

Programs in Audit

ALN Program Name Expenditures
14.269 Hurricane Sandy Community Development Block Grant Disaster Recovery Grants (cdbg-Dr) $566,878
93.575 Child Care and Development Block Grant $163,001
21.027 Coronavirus State and Local Fiscal Recovery Funds $47,703
97.036 Disaster Grants - Public Assistance (presidentially Declared Disasters) $34,553