Finding Text
Criteria: In accordance with 2 CFR section 200.512(a), the Single Audit reporting package and data collection form is required to be submitted to the Federal Audit Clearinghouse the earlier of 30 calendar days after the reports are received from the auditor or nine months after the end of the audit period. Condition: The Single Audit reporting package for the year ending December 31, 2024 was submitted in February 2026. Cause: The delay resulted from a misunderstanding regarding the timing of Single Audit requirements. Management initially believed the audit should be performed in the fiscal year in which the funds were received (FY 2025). Upon further review, management determined that the Single Audit was required in the fiscal year in which the federal funds were expended (FY 2024), resulting in the reporting package being submitted after the required filing deadline. Effect: The Single Audit reporting package was filed beyond the filing requirement. Recomendation: We recommend that the Organization review its Federal expenditures at a point in time that allows for the Single Audit to be completed and submitted in accordance with the filing requirements. View of Responsible Officals: Management agrees with this recommendation and will develop procedures to monitor and ensure compliance with the required filing requirements.