Finding Text
U.S. Department of Treasury, Coronavirus State and Local Fiscal Recovery Funds No. 21.027; Grant period – Year ended December 31, 2021 Condition: The Chuloonawick Native Village audited financial statement for the year ended December 31, 2021 were not submitted timely to the Federal Clearing House. Criteria: Uniform Guidance requires that organizations submit their audited financial statements to the Federal Clearing House within a nine month period after the end of the organization’s fiscal year end. Cause: Covid restrictions and quarantines prevented the audit from being accomplished within the proscribed timeframe. Effect: Subsequent grant monies are being withheld until the audit is completed and successfully submitted. Context: The audit of the December 31, 2021 Chuloonawick Native Village financial statements was initially due on September 30, 2022. The due date was extended an additional six months for a new date of March 31, 2023. The financial statements were not submitted to Federal Clearing House before this deadline, and were instead submitted after acceptance from the Chuloonawick Native Village in 2026. Recommendation: Chuloonawick Native Village should contract to have the audit of the financial statements performed within the prescribed deadlines. Views of Responsible Official and Planned Corrective Actions: See corrective action plan.