Issue: The Authority missed the deadline to submit the necessary data collection form and reporting package for the year ending June 30, 2024.
Trend: This delay could indicate ongoing compliance challenges that may affect future submissions.
Follow-up: Ensure the Authority establishes a plan to meet future deadlines and consider additional training on reporting requirements.
Finding Text
The Authority did not submit the required data collection form and reporting package for the year ended June 30, 2024, within the required period.
Corrective Action Plan
A formal closing calendar will be developed detailing deadlines for audit data preparation and review. Management will ensure all financial data and SEFA schedules are finalized within 60 days after year-end. The Finance Department will designate a Single Audit Coordinator responsible for monitoring progress and timely submission.