Finding 1219167 (2024-002)

Reporting - Data Collection Form and Reporting Package (Significant Deficiency). Criteria: Pursuant to 2 CFR Section 200.512(a) of the Uniform Guidance, the auditee is responsible for submitting its data collection form and reporting package, including the auditor's reports within the earlier of 30 days after receipt of the auditor's reports or nine months after the end of the audit period to the Federal Audit Clearinghouse ("FAC"). BCS did not submit its reporting package to the FAC timely. Context: BCS is responsible for submitting its data collection form and reporting package, including the auditor's reports within the earlier of 30 days after receipt of the auditor's reports or nine months after the end of the audit period to the FAC, pursuant to 2 CFR Section 200.512(a) of the Uniform Guidance. Condition: The single audit of BCS’s federal award for the year ended June 30, 2024, was not completed within the nine months following the period-end. Cause: The delay in the issuance of the single audit report for the year ended June 30, 2024, was due to the late issuance of the consolidated and combined financial statements as noted in Finding 2024-001. Effect: As a result of the late financial statement issuance, BCS did not submit its single audit reporting package within the required timeframe. As such, BCS did not comply with the regulator requirements. Questioned Costs: None identified. Identified as a Repeat Finding: Yes. Recommendation: We recommend that BCS enhance its closing and reporting process to ensure the reports required by the Uniform Guidance is submitted by the aforementioned deadline Views of Responsible Officials: See management’s response and corrective action plan.