Finding Text
Condition: An audit of the financial statements of the District along with the required single audit, as required by the Uniform Guidance, was not filed within the required time frame. Criteria: 2 CFR 200.512. Cause of Condition: The District’s books and records were not prepared in time to perform the financial statement audit and single audit. Fiscal year 2022 financial statement audit and single audit was performed in 2025. Effect of Condition: Delinquent filing with the federal audit clearinghouse (FAC), potential for lost records and other information needed to perform and complete the financial statement audit and single audit. Questioned Cost: none. Recommendation: Draft and adopt policies and procedures to ensure the District’s financial records are ready for audit with sufficient time to timely file with the FAC. Corrective Action Plan: The District will implement procedures to ensure financial records are closed and ready for audit within 90 days of fiscal year-end. A calendar of key audit deadlines will be established, and staff will coordinate with the external auditor each quarter to maintain audit readiness and ensure timely FAC submission. Contact Person: Grant Accounting Specialist Anticipated Completion Date: 11/01/2026