Finding Text
Finding 2024-001 Material Weakness and Non-compliance U.S. Department of Housing and Urban Development - Community Development Block Grants/Entitlement Grants AL# 14.218 City of Akron, SC2024-000202, Grant period 1/1/24-12/31/24 L - Reporting Criteria: The Uniform Guidance (2 CFR 200.512) requires the single audit to be completed and the data collection form and reporting package to be submitted within the earlier of 30 calendar days after receipt of the auditor’s report(s), or nine months after the end of the audit period. Condition: The submission of the December 31, 2024 single audit reporting package should have been submitted by September 30, 2025. Cause: The single audit was not completed by September 30, 2025 due to an incorrect determination of audit requirements. Effect: Late completion of the single audit and late filing of the data collection form Questioned Costs: None Context/ Sampling: N/A Repeat Finding: No Recommendation: The Organization should establish procedures to ensure that audit requirements are properly determined and that the audit is completed timely. View of Responsible Officials: Management agrees with the finding and has prepared a corrective action plan to have future audits completed by the due date.