Finding Text
Reference Number: 2025-001 Criteria: In accordance with 2 CFR Part 200, Subpart F (2 CFR 200.512), single audits are due to the Federal Audit Clearinghouse thirty (30) days after receipt of the auditors' reports, but are considered on time if submitted within nine months after their fiscal period end date. Condition: The Organization has not submitted its audit package to the Federal Audit Clearinghouse in a timely manner for the current year, or for the previous three (3) fiscal years. Cause: Controls are not in place to ensure the Organization has submitted their audit package to the Federal Audit Clearinghouse in a timely manner. Effect: The Organization is noncompliant with specific requirements of 2 CFR Part 200, Subpart F (2 CFR 200.512). Repeat Finding from Prior Year: Yes Recommendation: We recommend that the Organization put controls in place to ensure timely filing of the audit package to the Federal Audit Clearinghouse. Organization's Response: The Organization agrees with the auditors' recommendation. During the prior audit periods, delays in completing the audit and submitting the required audit package resulted from organizational and operational challenges, which have recently resulted in changes in leadership and financial operations. The Organization has taken steps to strengthen its financial and compliance processes and will develop a formal audit compliance calendar that identifies all required milestones, responsible parties, and submission deadlines, in coordination with the organization's accountant, bookkeeper, and auditor. The CEO and the Board will monitor progress to ensure that future audit packages are submitted to the Federal Clearinghouse within the required timeframe.