Finding Text
Finding 2024-004 MINC Reports Were Not Timely Filed Condition: MINC reports were submitted July 9, 2025. Criteria: MINC reports are required to be filed by March 31. The Corporation was given a 30 day extension. Cause: The necessary information needed to finish the reports was not given to the accountant until July. Effect: Not filing the MINC reports timely could affect the Corporation’s compliance with the USDA-Rural Development regulations. Recommendation: We recommend that the Corporation file the MINC reports timely. Repeat Finding: No. Views of Responsible Officials and Planned Corrective Actions: We agree with the auditor and will take under advisement.