Finding Text
2022-002. Finding: Late Filing of Reporting Package to the Federal Audit Clearinghouse (Repeat Finding 2021,002, 2020-002) Criteria: Uniform Guidance requires an entity expending more than $750,000 of federal funds within a fiscal year to have the data collection form and reporting package submitted within nine months after the end of the audit period. Condition: The Authority’s audited financial statements were not submitted to the Federal Audit Clearinghouse by June 30, 2023. Questioned Costs: None noted. Cause: A lack of timely general ledger reconciliations contributed to the failure to timely file reports. Effect: The Authority is not in compliance with the reporting requirements set forth in the Compliance Supplement which could lead to sanctions by the funding sources. Recommendation: We recommend that the Authority implement procedures to ensure submission of the data collection form and reporting package to the federal audit clearinghouse within the nine month due date. Views of Responsible Officials: See the corrective action plan that accompanies the schedule of findings and questioned costs.