Finding Text
Finding 2023-005 – Significant Deficiency – Untimely Submission of Semi-annual Federal Financial Reports Award No.: 15.574 Federal Grantor: U.S. Department of the Interior, Bureau of Reclamation. Compliance Requirement: Reporting. Condition: The semi-annual Federal Financial Reports (SF-425) for the first five reporting periods of October 1, 2021, to March 31, 2022, April 1, 2022, to September 30, 2022, October 1, 2022, to March 31, 2023, April 1, 2023, to September 30, 2023, and October 1, 2023, to March 31, 2024, were all submitted on June 19, 2024. Criteria: According to 2 CFR Part 200.303, the Authority is required to establish and maintain effective internal controls over Federal awards that provides reasonable assurance that the Authority is managing the Federal award in compliance with Federal statutes, regulations, and the terms and conditions of the Federal award. Water Storage Enhancement Grant program resolutions require the Authority to file financial reports throughout the year. Semi-annual Federal Financial Reports (SF-425) shall be submitted no later than 30 days after the end of each reporting period. Cause: The Authority experience turnover and vacancies in key positions for reporting during the fiscal year. Effect: The Authority was not fully in compliance with reporting requirements. Recommendation: The Authority needs to ensure that reports are complete by the due date. Views of Responsible Officials and Planned Corrective Actions: Management’s response and planned corrective action is included in the Corrective Action Plan included at the end of the report.