Finding Text
Financial Reporting, Assistance Listing Numbers and Award Numbers -All Condition: The Organization did not submit its fiscal year 2025 single audit reporting package and data collection form by the due date of March 31, 2026. Criteria: The Uniform Guidance Part 200.512(a)(1) states: “The audit must be completed and the data collection form described in paragraph (b) of this section and reporting package described in paragraph (c) of this section shall be submitted within the earlier of 30 calendar days after receipt of the auditor’s report, or nine months after the end of the audit period.” Cause: Management needed more time to consult with the Board and legal counsel regarding important financial and compliance matters. Effect: The Organization did not meet the required filing deadline. Recommendation: We recommend that management establish a process to proactively consult with the Board and legal counsel on significant financial reporting and compliance matters to ensure decisions are made in a timely manner sufficient to meet reporting deadlines. View of responsible officials and planned corrective actions: ECA agrees with this finding and will implement a structured and proactive financial reporting and governance coordination process to ensure all required filings are completed accurately and submitted on a timely basis. See Finding 2025-004 in Part 3 below.