Finding Text
2025-001: Filing with the State Auditor and Federal Audit Clearinghouse Criteria: In order to comply with filing reports with the Oklahoma State Auditor and Inspector (State Auditor), management needs to appropriately monitor the timing of the submission of the filing of the audit report within six months after the end of the fiscal year. The Federal Audit Clearinghouse (FAC) submission must be completed by the earlier of nine months after the year-end or 30 days from the report issuance. Condition: The City did not submit its audit report to the State Auditor prior to the deadline of six months after the end of the fiscal year ending June 30, 2025. Additionally, the city did not submit its audit report to the FAC within nine months from the year ending June 30, 2025. Cause and Effect: Due to delayed financial reporting close out of fiscal year 2024 the City was not in compliance with its required deadline to provide the State Auditor and the FAC with its issued audit report within the established deadlines. Recommendation: We recommend the internal controls for reporting be reviewed to allow for compliance with the State Auditor and FAC established deadlines.