FAC Explorer

Finding 1235904 (2024-001)

Material Weakness Repeat Finding
Requirement
L
Questioned Costs
-
Year
2024
Accepted
2026-09-21
Audit: 411520
Organization: GRADY ELECTRIC MEMBERSHIP CORPORATION (GA)
Auditor: NICHOLS CAULEY

AI Summary

  • Issue: The DCF and Single Audit package were not submitted on time to the FAC.
  • Trend: Timely submissions are crucial to maintain compliance and avoid penalties.
  • Recommendation: Ensure future submissions are made within the required timeframe to prevent delays.

Finding Text

The Data Collection Form (DCF) and the Single Audit reporting package for the fiscal year ended December 31, 2024 were not submitted to the Federal Audit Clearinghouse (FAC) within the earlier of 30 days after receipt of the auditor’s report or nine months after the end of the audit period.

Corrective Action Plan

The Corporation agrees with the finding. Management has assigned the responsibility for monitoring and submitting the DCF and reporting package to specific personnel.

Categories

Reporting

Other Findings in this Audit

  • 1235903 2024-001
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
21.027 CORONAVIRUS STATE AND LOCAL FISCAL RECOVERY FUNDS $4.93M
97.036 DISASTER GRANTS - PUBLIC ASSISTANCE (PRESIDENTIALLY DECLARED DISASTERS) $122,211