Finding 1210842 (2024-001)

Material Weakness Repeat Finding
Requirement
P
Questioned Costs
-
Year
2024
Accepted
2026-04-29

AI Summary

  • Core Issue: The organization missed the deadline for submitting the reporting package for two Federal grants totaling $760,790.
  • Impacted Requirements: This oversight violates the compliance supplement's deadline of September 30, 2025, for Uniform Guidance Audits.
  • Recommended Follow-Up: Ensure timely submission of future reporting packages to avoid compliance issues and potential penalties.

Finding Text

It was noted that the organization identified two Federal grants with expenditures totaling $760,790, requiring a Uniform Guidance Audit. The organization did not submit the reporting package within the maximum timeframe allowed by the compliance supplement which was September 30, 2025.

Corrective Action Plan

The Connecticut Center for Arts and Technology will implement corrective actions to ensure timely compliance with all Federal Single Audit requirements. A formal compliance calendar with key deadlines and automated reminders will be maintained. The Chief Financial Officer will be assigned primary responsibility for audit compliance, with the Controller serving as a secondary reviewer. Management will conduct quarterly reviews of all Federal grant expenditures to assess whether audit thresholds are met, with results formally documented and approved. The organization will develop a written Single Audit Compliance Policy outlining reporting requirements, roles, responsibilities, and documentation standards, which will be reviewed annually by senior management. Finance staff will receive annual training focused on compliance with timelines, reporting obligations, and internal controls. Finally, a formal pre-submission checklist and review process will ensure the completeness and timely submission of all required reports

Categories

Reporting

Programs in Audit

ALN Program Name Expenditures
21.027 CORONAVIRUS STATE AND LOCAL FISCAL RECOVERY FUNDS $1.14M
59.059 CONGRESSIONAL GRANTS $129,926