Issue: The Uniform Guidance audits for 2024 and 2023 were not submitted on time.
Trend: This delay indicates a potential pattern of non-compliance with federal filing deadlines.
Follow-up: Ensure timely completion and submission of future audits to avoid penalties.
Finding Text
The Uniform Guidance audits for June 30, 2024 and 2023 were not completed and filed with the Federal Audit Clearinghouse by the due dates of March 31, 2025 and March 31, 2024.
Corrective Action Plan
New Hope Development Services, Inc. is hiring a new Chief Financial Officer to ensure all financial functions are completed promptly and accurately and to simplify workflows, thereby enhancing efficiency and enabling the audit to be on schedule.