FAC Explorer

Finding 1214629 (2025-003)

Material Weakness Repeat Finding
Requirement
L
Questioned Costs
-
Year
2025
Accepted
2026-05-13
Audit: 401318
Organization: Economic Improvement Council INC (NC)
Auditor: RINGOLD FINANCIAL MANAGEMENT SERVICES INC

AI Summary

  • Answer: The Organization missed the deadline for submitting fiscal year 2024 documents to the FAC.
  • Trend: This indicates a potential pattern of late submissions that could affect compliance.
  • List: Follow up by ensuring timely document submissions in the future and reviewing processes to prevent delays.

Finding Text

During our testing, we noted that the Organization did not submit the required fiscal year 2024 documents to the FAC by the required due date.

Corrective Action Plan

Management will implement procedures to strengthen coordination and communication with external auditors, including earlier scheduling of audit deliverables and confirmation of document receipt and review timelines. Management will also enhance internal tracking of submission requirements and deadlines related to FAC filings and ensure that key documentation is finalized and monitored well in advance of due dates.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 1214628 2025-002
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
14.871 SECTION 8 HOUSING CHOICE VOUCHERS $8.50M
93.600 HEAD START $4.05M
10.558 CHILD AND ADULT CARE FOOD PROGRAM $332,498
93.569 COMMUNITY SERVICES BLOCK GRANT $330,406
93.568 LOW-INCOME HOME ENERGY ASSISTANCE $208,395
14.896 FAMILY SELF-SUFFICIENCY PROGRAM $89,595
81.042 WEATHERIZATION ASSISTANCE FOR LOW-INCOME PERSONS $71,416