FAC Explorer

Finding 1208277 (2023-002)

Material Weakness Repeat Finding
Requirement
L
Questioned Costs
-
Year
2023
Accepted
2026-04-21
Audit: 399310
Organization: MatSu Food Bank (AK)
Auditor: NEWHOUSE & VOGLER CPAS

AI Summary

  • Core Issue: Matsu Food Bank did not submit the Federal Single Audit report on time for the fiscal year ending December 31, 2023.
  • Impacted Requirements: This delay violates the submission timeline outlined in 2 CFR Part 200 of the Uniform Guidance.
  • Recommended Follow-Up: Ensure timely submission of future audit reports and consider implementing a tracking system to meet deadlines.

Finding Text

During the audit of Matsu Food Bank, it was identified that the organization failed to submit the Federal Single Audit report for the fiscal year ended December 31, 2023 within the timeframe prescribed by the Uniform Guidance. The submission was delayed beyond the deadline specified in 2 CFR Part 200.

Corrective Action Plan

Management acknowledges the finding and commits to taking corrective action. A thorough review of the factors contributing to the late filing will be conducted, and procedural enhancements will be implemented to ensure timely compliance with the submission requirements outlined in the Uniform Guidance. Management will also establish monitoring mechanisms to prevent future occurrences of late filings and ensure ongoing compliance.

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Programs in Audit

ALN Program Name Expenditures
10.766 COMMUNITY FACILITIES LOANS AND GRANTS $1.50M