Finding Text
Criteria - According to 2 CFR §200.512, non-federal entities must submit their audit reports, including financial information, to the Federal Audit Clearinghouse (FAC) within nine months after the end of the audit period. Condition - The Board did not submit its audited financial information for the year ended December 31, 2023, to the FAC by the required deadlines. Cause - The Board’s audited financial statements for the year ended December 31, 2023 were not issued within the required timeframe. Effect - Required submission deadlines were not met. Repeat Finding - This is a repeat finding of item 2022-002 as reported for the year ended December 31, 2022. Statistical Sampling - The sample was not intended to be, and was not, a statistically valid sample. Questioned Costs - None identified. Recommendation - The Board should have its audits completed timely. Views of Responsible Officials and Planned Corrective Actions - (a) Comments on the Finding and Recommendation - The Board agrees with the finding. The Board also agrees with the recommendation. See below for actions taken. (b) Actions Taken - The Board acknowledges the finding and is working with third parties to ensure that all future reporting deadlines can be met. (c) Anticipated Completion - Management anticipates this finding to be resolved by December 31, 2026. (d) Persons Responsible for Implementation - David Bottar, Executive Director.