Finding Text
CONDITION: The School Board submitted its annual SF-425 late. CRITERIA: According to 2 CFR Part 200 – Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), recipients must submit financial reports to the federal awarding agency in a timely manner. The Specific reporting deadlines are outlined in the award terms and conditions. CAUSE: The submission delay occurred due to the staff member responsible for submitting SF-425 being unavailable to submit the required report. Other staff members were not aware of the reporting requirement. EFFECT: Untimely submission limits the federal agency in its ability to monitor the programs financial performance and could result in delays in funding or other administrative action. RECOMMENDATION: School Board should update their internal controls so that more than one employee is made aware of the program’s reporting requirements to prevent future submission delays when key personnel are unavailable.