Finding Text
Condition – The Organization did not complete the audit of its major federal award programs within the required timeframe and did not submit the Data Collection Form to the Federal Audit Clearinghouse by the required deadline for the year ended December 31, 2024. Criteria – Entities that expend more than $750,000 in federal awards during a fiscal year must have a Single Audit performed and submit the associated reporting package to the Federal Audit Clearinghouse within nine months after fiscal year end (September 30, 2025). Effect – The Organization was not in compliance with federal Single Audit reporting requirements. *This is a repeated finding from the prior year. The prior year finding number was 2023-002 Recommendation – We recommend that the Organization establish and implement policies and procedures to ensure timely preparation of records and timely engagement of an audit firm so that the Single Audit can be completed and the associated reporting package submitted to the Federal Audit Clearing House within the required federal deadlines each year. Management's Response - See management's corrective action plan on page 12.