Finding 1162656 (2024-001)

Criteria: An effective system of internal controls and monitoring compliance with federal guidelines should provide reasonable assurance that financial reporting requirements comply with timeliness requirements. Condition: During our audit, we noted the Baltimore Station, Inc. failed to timely file its annual Data Collection Form. Cause: The Station experienced turnover with personnel responsible for meeting financial reporting deadlines. No backup or contingency plan was in place to ensure and execute timely filings. Effect: The Station failed to meet its federal financial reporting deadline. Noncompliance can affect the Statoin’s ability to obtain federal support for its programs. Recommendation: Financial reporting requirements should be complied with including timely filings. A contingency plan may be developed to prevent noncompliance in the future. Management's Response: See Corrective Action Plan