Finding 1240505 (2024-008)

2024-008 Single Audit Reporting Deadline Federal Agency: All federal agencies Federal Program: All major federal programs Compliance Requirements: Reporting - Single Audit Submission Type of Finding: Significant Deficiency in Internal Control over Compliance and Noncompliance Criteria: The Uniform Guidance, 2 CFR Section 200.512(a)(1), requires the single audit to be completed and the data collection form and reporting package to be submitted to the Federal Audit Clearinghouse within the earlier of 30 calendar days after receipt of the auditor's reports(s) or nine months after the end of the audit period. Condition: The County did not submit its single audit reporting package and data collection form for the fiscal year ended June 30, 2024 by the required deadline. Cause: Delays in closing the County's accounting records and preparing year-end financial information, including the matters described in findings 2024-004 and 2024-005, prevented the single audit from being completed and submitted timely. Effect: The County is not in compliance with the reporting requirements of the Uniform Guidance. Late submission prevents the County from qualifying as a low-risk auditee under 2 CFR Section 200.520 and may result in federal awarding agencies taking action under 2 CFR Section 200.505. Questioned Costs: None. Context: The single audit reporting package and data collection form for the fiscal year ended June 30, 2024 were due March 31, 2025, and were not submitted by that date. Recommendation: We recommend that the County establish a year-end closing schedule with defined deadlines for reconciling accounts and preparing financial information, so that the single audit can be completed and the reporting package and data collection form submitted within the time frame required by the Uniform Guidance. Views of Responsible Officials: Please see the last page of this report for the response to this finding.