Finding Text
Criteria Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance or 2 CFR Part 200), Subpart F , requires Single Audit reporting to be submitted to the Federal Audit Clearinghouse within 30 days of receiving the completed reports or nine months after the entity's fiscal year end, whichever comes first. Condition and Context The December 31, 2024 single audit reports were not submitted to the Federal Audit Clearinghouse on a timely basis. Cause Management did not have a formalized process to monitor total Federal expenditures or evaluate Single Audit applicability during the year. A transition in executive leadership limited continuity of institutional knowledge regarding Federal funding, and oversight processes did not identify the requirement until the audit was underway. Effect The Single Audit was completed and submitted after the required deadline, resulting in noncompliance with Uniform Guidance reporting requirements. Questioned Costs None. Repeat Finding From Prior Year This is not a repeat finding. Recommendation Management should implement a formal process to monitor federal expenditures during the year and evaluate Single Audit applicability on a timely basis, including communication of applicable requirements to those charged with governance. Views of Responsible Official Management agrees with the audit finding. A corrective action plan has been developed and is included to address the identified deficiency.