Finding Text
Federal program information: Funding agency: All Programs Title: All Programs Federal Assistance Listing Number: All Programs Compliance Requirement Reporting Award Period: July 1, 2024 to June 30, 2025 Condition: The Organization’s fiscal year ended June 30, 2025, single audit reporting package was not submitted to the Federal Audit Clearinghouse within nine months after the end of the audit period as required by 2 CFR Section 200.50(c). Criteria: The Uniform Guidance requires that the Single Audit reporting package be submitted within nine months after the end of the audit period. Effect: The Organization is not in compliance with reporting requirements of the Uniform Guidance. Questioned Costs: None Cause: The Organization experienced significant turnover during this fiscal year, and it resulted in both operations and closing of the previous fiscal year to be delayed which made everything late. Auditors’ Recommendation: We recommend that the Organization should work to catch up the closing process in order to ensure that the next year’s audit is performed timely in order for the next year’s audit reporting package to be submitted by the federal clearing house due date. Management’s Response: Management acknowledges the finding that for FY ended June 30th, 2025, that the single audit reporting package was not submitted to the Federal Audit Clearinghouse within nine months, as required by 2 CFR §200.50(c). Management will improve timeliness by re-establishing a single-audit close timeline with deadlines starting earlier in the audit period. Management has assigned responsibility for preparation and submission of the reporting package to ensure no single handoff delays completion by implementing a review and quality-check process to confirm the package is complete prior to submission therefore ensuring that the organization can submit by the required Federal Audit Clearinghouse due date each year. Management plans to be prepared to submit the next Single Audit reporting package by the required due date, with the updated process effective for the FY ending June 30th, 2026, audit cycle.