Finding 1229283 (2025-002)

Material Weakness Repeat Finding
Requirement
L
Questioned Costs
-
Year
2025
Accepted
2026-09-10

AI Summary

  • Issue: Form SF-SAC will be filed late for the year ending September 30, 2025.
  • Requirements Impacted: Compliance with Uniform Guidance, which mandates filing by June 30, 2026.
  • Follow-Up: Develop and implement procedures to ensure timely filings in the future.

Finding Text

2025-002 Late Filing of Form SF-SAC Data Collection Form Criteria: The Uniform Guidance requires that Form SF-SAC be filed no later than nine months after year end, in this case by June 30, 2026. Condition: The Form SF-SAC will be filed late for the year ended September 30, 2025. Cause: Turnover of accounting staff. Effect: The Association is not in compliance with Uniform Guidance requirements. Recommendation: Procedures should be developed and implemented to ensure timely filings.

Corrective Action Plan

Management acknowledges that the SF-SAC for the fiscal year ended September 30, 2025 was not submitted by the required deadline of June 30, 2026. The delay occurred during a period when the finance department lacked sufficient capacity, experience, and oversight to effectively manage all financial reporting and federal complaince responsibilities. As a result, the filing requirement was not completed within the perscribed timeframe. To address the issues, management has restructured the finance department, clarified roles and responsibilities, and stregthened supervisory review procedures over financiall reporting and compliance activities. In addition, management has established a formal year-end closing procedures and audit preparation timeline that requires the organization to be audit-ready and provide all requested schedules, supporting documentation, and audit workpapers to the external auditors no later than MArch 31 each year. MAnamegement believes these corrective actions have significantly enhanced oversight, accountability, and compliance monitoring and will help ensure that all future Uniform Guidance reporting requireement are met on a timely basis.

Categories

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Other Findings in this Audit

  • 1229282 2025-001
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
93.791 MONEY FOLLOWS THE PERSON REBALANCING DEMONSTRATION $7.73M
84.421 DISABILITY INNOVATION FUND (DIF) $1.26M