Finding Text
Finding #2023-001 Prior Year Reporting Package and Data Collection Form Not Filed Timely: Statement of Condition – The Glens Falls Housing Authority’s March 31, 2022 reporting package and data collection form was not filed with the Federal Audit Clearinghouse on time due to delays in completing the audit. Criteria – Sec. 200.512 of the Uniform Guidance requires the reporting package and data collection form to be submitted to the Federal Audit Clearinghouse the earlier of 30 days after the reports are received from the auditors or nine months after the end of the audit period, unless a longer period of time was agreed to in advance by the cognizant or oversight agency for audit. Cause – Late filing of the Authority’s Unaudited REAC submission due to RAD conversion issues, and the relocation of the authority office, caused delays in the preparation of the financial statements. This was further complicated by continued COVID-19 issues and on-going construction work related to the RAD conversion. Accordingly, the audit and corresponding reporting package filing was not completed timely. Effect – The effect is that the Housing Authority would not be considered a “Low Risk Auditee” for at least the fiscal years ending March 31, 2023 and March 31, 2024. This designation will require the auditor to audit at least 40% of the Housing Authority’s programs as Major programs until such time that the Housing Authority may be considered a “Low Risk Auditee” again. Recommendation – Although this finding technically stands on it’s own merit, it is a replacement of prior year finding #2022-001. The Authority has made progress in getting the March 31, 2022 and March 31, 2023 audits completed, and is making every effort to have the March 31, 2024 and March 31, 2025 audits completed by December 31, 2025. We recommend that management continue their efforts to get their subsequent audits up to date for fiscal years ending March 31, 2024 and March 31, 2025.