Finding Text
Statement of Condition The Uniform Guidance report for the year ended June 30, 2025, will be submitted with NEW’s Federal Audit Clearinghouse filing during October 2026, which is after its due date. Criteria or Specific Requirement The Federal Audit Clearinghouse filing, inclusive of NEW’s Uniform Guidance report, is due thirty days after the receipt of the auditors’ report or nine months after the end of the fiscal year (March 31, 2026) – whichever comes first. Questioned Costs Not applicable. Effect Failure to timely submit the reporting package results in noncompliance with Uniform Guidance requirements and may limit federal agencies' ability to monitor NEW’s use of federal funds. In addition, untimely filings may subject NEW to increased oversight by awarding agencies and pass-through entities. Cause NEW did not have adequate procedures in place to monitor Single Audit reporting deadlines and ensure that all information necessary to complete the audit and reporting package was prepared on a timely basis. Recommendation NEW should closely monitor compliance with reporting requirements and consider commencing its financial statement and Uniform Guidance audits earlier. Views of Responsible Officials and Corrective Action Plan Management agrees with the finding and will implement procedures to monitor Single Audit reporting deadlines and ensure future filings are completed timely.