Finding 1175027 (2024-001)

2 CFR 200.512(b) requires the Organization submit the audit, the data collection form, and the reporting package within 30 calendar days after the auditee receives the auditor’s report or nine months after the end of the audit period (whichever is earlier). The reporting package must include the following:  Financial statements and schedule of expenditures of federal awards  Summary schedule of prior audit findings  Auditor’s reports  Corrective action planTimely submission allows federal agencies to evaluate compliance and take management actions. Statement of condition and cause The Single Audit report for year ended June 30, 2024 was submitted in October 2025, seven months after the nine month deadline. The financial statements of the Organization were not finalized due to the inability of the Organization to obtain a waiver of the bond financial covenant to determine the proper classification of debt. Effect Delay in federal program review could affect funding allocations and compliance monitoring. Questioned Costs None Repeat Finding No Recommendation We recommend that the Organization work with the funder to identify and obtain any covenant waivers if necessary in a more timely fashion. Management response See corrective action plan.