FAC Explorer

Finding 1160385 (2023-002)

Material Weakness Repeat Finding
Requirement
L
Questioned Costs
-
Year
2023
Accepted
2025-10-14
Audit: 370795
Organization: Municipality of Ciales (PR)
Auditor: Torres Hernandez & Punter CPA Psc

AI Summary

  • Issue: The Project missed the deadline to file the single audit reports and reporting package for June 30, 2023.
  • Impact: This non-compliance could affect funding and future audits.
  • Follow-up: Ensure timely submission of all required reports moving forward to avoid penalties.

Finding Text

The Project did not file the single audit reports and reporting package for the year ended June 30, 2023, to the Federal Clearinghouse during the required filing deadline period.

Corrective Action Plan

We recommend that the Project should start the process of compiling and preparing the financial information to complete the Financial Statements and the Schedule of Expenditures of Federal Awards with enough time to assure that such information is available for the audit process, before March 31, and to provide it with enough time so the audit process can be completed before such due date.

Categories

Reporting

Other Findings in this Audit

  • 1160384 2023-001
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
10.415 Rural Rental Housing Loans $955,707
14.195 Project-Based Rental Assistance (pbra) $293,500