The delay in submission of the December 31, 2024 Single Audit reporting package to the Federal Audit Clearinghouse by the due date is a direct result of the delays in completion of the December 31, 2024 audit, which were caused by the deficiencies outlined in Finding 2024-001. Management believes that the outsourcing of critical accounting functions will help ensure that PCRI’s records are reconciled in a timely manner which will allow for the Single Audit to be submitted by the due date going forward. The timeline for full transition of relevant accounting processes to the outsourced accounting firm, which started in January of 2025, was approximately twelve months due to the complexities of PCRI’s operations. PCRI has completed this transition as of December of 2025.