The Federal Funds Management Office (FFMO) is aware of the deadlines for filing the data collection form and the reporting package, however, as indicated in previous year’s audits, the completion of the required information continues out of their control. In addition, to having difficulties with its monthly accounting closings due to personnel limitations in the Accounting Office, the implementation of new accounting standards, such as GASBs No. 73, N0. 75, No. 87 and others have been additional obstacles to achieve our objective to file the data collection form and reporting package timely. Accordingly, it has not been possible to complete the audit of the financial statements and the single audits for various fiscal years on time, nor to file the data collection form and the reporting packages. In September 2024 and August 2025, the audited financial statements for 2023 and 2024, respectively were issued. Also, the Authority’s management expects to issue the 2025 financial statements during January 2026. Management will continue emphasizing to the FFMO that reports need to be submitted on a timely basis. Management will do its best to procure additional personnel for the Accounting and Federal Funds Management Offices. Once a final catch‐up of the timely issuance of the audited financial statements is achieved, the required information will be filed within the timeframe established by federal regulations.