Finding 1216502 (2025-001)

2025-001- Late Submission of Semi-Annual Federal Financial Report (Noncompliance) FEDERAL AGENCY: U.S. Department of Commerce PROGRAM TITLE: Economic Development Cluster FEDERAL ASSISTANCE LISTING NUMBER: 11.307 AWARD YEAR: June 28, 2021 – June 28,2026 COMPLIANCE REQUIREMENT: Reporting – Financial and Performance Reports TYPE OF FINDING: Noncompliance CONDITION: El Paso County submitted the semi-annual federal financial report for the reporting period ending 09/30/2025 on 11/10/2025. CRITERIA: According to the Federal Financial Report Instructions, semi-annual interim reports must be submitted no later than 30 days after the end of the reporting period. For the period ending 09/30/2025, the required submission deadline was 10/30/2025. QUESTIONED COSTS: None Identified EFFECT: The recipient is out of compliance with federal reporting requirements, which may impact the timely oversight of federal funds by the Economic Development Administration (EDA). CAUSE: The report was submitted 11 days after the regulatory deadline. AUDITOR’S RECOMMENDATION: The recipient should implement internal controls to ensure all future interim FFRs are prepared and submitted within the 30-day window following the reporting period end date. MANAGEMENT RESPONSE: The El Paso County Auditor’s Office, Grants Compliance and Audit Division, is developing and implementing internal controls to ensure compliance with federal and state reporting requirements. RESPONSIBLE PARTY: Audit Manager Senior, Grants Compliance and Audit Division TIMELINE FOR CORRECTIVE ACTION: September 30, 2026