Finding Text
U.S. Department of Housing and Urban Development #14.251 Economic Development Initiative, Community Project Funding, and Miscellaneous Grants 2024-007 Untimely Submission of Single Audit Reporting Package to the Federal Audit Clearinghouse Criteria: Per 2 CFR §200.512(a), the auditee must submit the data collection form and reporting package to the Federal Audit Clearinghouse (FAC) within the earlier of 30 calendar days after the receipt of the auditors' report, or nine months after the end of the audit period. Condition: The Organization did not file the required Single Audit reporting package with the FAC within the required timeframe. The reporting package for the fiscal year ended July 31, 2024, was submitted after the nine month deadline of April 30, 2025. Cause: The audit was not completed in a timely manner due to the Organization not knowing it needed a Single Audit and subsequent delays in getting the required documentation for compliance testing. This resulted in a late submission of the Single Audit reporting package to the FAC. Effect: Failure to file the Single Audit timely may result in noncompliance with federal requirements and could affect the entity's eligibility to receive future federal funding. Questioned Costs: None noted. Recommendation: We recommend the Organization implement procedures to ensure timely completion of the audit process, including timely submission of requested documentation to meet reporting deadline. Views of Responsible Officials and Planned Corrective Actions: Management agrees timeliness is critical. Corrective Action: Maintain an audit compliance calendar with key federal deadlines and internal milestone tracking.