Finding 1167031 (2024-002)

Material Weakness Repeat Finding
Requirement
L
Questioned Costs
-
Year
2024
Accepted
2025-12-30
Audit: 378088
Organization: Rainbow Omega, Inc. (AL)

AI Summary

  • Issue: The Organization missed the deadline for submitting its Single Audit Reporting Package, which was due by June 30, 2025, but was submitted on December 4, 2025.
  • Impacted Requirement: This delay violates OMB Uniform Guidance, which mandates timely submission to the federal audit clearinghouse.
  • Recommended Follow-Up: The Organization should implement a process to ensure future submissions are made within the nine-month timeframe after the fiscal year end.

Finding Text

Criteria: The Office of Management and Budget (OMB) Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), requires the Organization to submit its Single Audit Reporting Package to the federal audit clearinghouse no later than nine months after fiscal year end. Condition: The federal reporting deadline for the Organization’s Single Audit Reporting Package was June 30, 2025; however, the Organization did not issue its Single Audit Reporting Package until December 4, 2025. Cause: The Organization has reported directly to the grantor in the past and was not aware of the requirement to submit the Single Audit Reporting Package to the federal clearinghouse. Effect: Organization was not in compliance with reporting requirements. Recommendation: The Organization should strive to submit their Single Audit Reporting Package to the federal audit clearinghouse no later than nine months after fiscal year end. View of Responsible Officials: See Corrective Action Plan.

Corrective Action Plan

Management will complete the audit filing with the federal audit clearinghouse by the deadline going forward.

Categories

Allowable Costs / Cost Principles Reporting

Other Findings in this Audit

  • 1167030 2024-002
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
10.415 RURAL RENTAL HOUSING LOANS $876,153
10.427 RURAL RENTAL ASSISTANCE PAYMENTS $89,137