Finding 1214472 (2024-003)

Management acknowledges the finding and recognizes that the Single Audit reporting package for the fiscal year ended June 30, 2024 was not submitted to the Federal Audit Clearinghouse within the deadline established by Uniform Guidance. Management recognizes that the delayed filing resulted primarily from the extended year-end financial closing process, timing of reconciliations and adjustments, limited accounting resources, and the additional time required to compile and finalize supporting grant documentation associated with the FEMA Public Assistance program. Management acknowledges the finding and recognizes that the Single Audit reporting package for the fiscal year ended June 30, 2024 was not submitted to the Federal Audit Clearinghouse within the deadline established by Uniform Guidance. Management recognizes that the delayed filing resulted primarily from the extended year-end financial closing process, timing of reconciliations and adjustments, limited accounting resources, and the additional time required to compile and finalize supporting grant documentation associated with the FEMA Public Assistance program. The Company has implemented and initiated corrective measures designed to improve the timeliness and efficiency of future audit reporting processes, including: Establishment of formal year-end closing schedules and internal reporting deadlines; Earlier preparation and review of audit schedules and supporting documentation; Improved coordination between accounting personnel, grant administrators, and external auditors; Enhancement of interim reconciliation and financial reporting procedures throughout the year; Evaluation of staffing and external support needs to strengthen the financial reporting process. Management believes these corrective actions will improve the efficiency of the audit process and help ensure timely completion and submission of future Single Audit reporting packages in accordance with federal requirements.