Finding Text
Significant deficiency - Timely Submission of Single Audit Data Collection Form U.S. Department of the Treasury AL #21.027 U.S. Department of Labor AL #17.258 / 17.259 / 17.278 Criteria: Uniform Guidance requires Organizations that expend $750,000 and greater of federal funds to conduct a single audit and submit the data collection form to the Federal Audit Clearinghouse the earlier of 30 days after receiving the single report or nine months after the end of the fiscal year. Condition: The Organization has experienced delays in the preparation and issuance of the June 30, 2024, financial statements and its Single Audit required under the Uniform Guidance. Cause: This situation was attributed to the turnover and vacancy in the accounting department and the shortage of support staff. Effect: The failure to submit single audits within the time frame prescribed by Uniform Guidance causes FCCP to be considered a high-risk auditee. In addition, the Organization is required to adhere to strict reporting deadlines set by regulatory bodies, including Federal grantors. Failure to meet these deadlines can result in compliance issues and penalties and ultimately jeopardize the renewal of funding. Questioned costs: None Repeat Finding: Previously reported as finding 2023-003 Recommendation: Completion of the June 30, 2025 audit prior to the submission deadline is expected since the Organization has employed the necessary accounting personnel who have worked diligently to catch up on multiple years of delinquent audits. Response: The Organization agrees with the finding. Now that the Organization has filled the accounting director position and the delinquent audits have been completed, annual audits are expected to be completed in a timely manner.