Finding 1217369 (2025-001)

Criteria: Section 200.512 of the Uniform Guidance requires that the audit be completed, and the data collection form and reporting package be submitted within the earlier of 30 calendar days after receipt of the auditors’ reports, or nine months after the end of the audit period. Condition: The current audit report and reporting package was due to be completed and submitted by March 31, 2026. The completion of the audit and submission of the reporting package was not completed within the required submission timeline. Cause: Audit files were not turned in complete by 3/31/2026 and were not submitted early enough to allow time for the auditors' review and submission prior to submission deadline. Questioned Costs: None. Recommendation: We recommend the Authority implement financial closing procedures that include the single audit performance and ensure the timely submission of both the data collection form and the reporting package. Management Response: The Authority will begin preparation for the federal audit each year no later than six months following the fiscal year end in order to complete and meet the requirement to submit the audit to the Federal Audit Clearinghouse on or prior to the deadline.