Finding Text
Finding 2021-006
Agency
Program
Reporting - Timely Submission of Financial Reports – Material
Weakness in Internal Control over Compliance and Noncompliance
U.S. Department of Treasury
ALN: No. 21.019 COVID-19 Coronavirus Relief Fund
2021
Pass-Through Agency State of Alaska Department of Commerce, Community, and Economic
Development
Pass-Through Entity
Identifying Number
20-CFR-029
Criteria or
Specific
Requirement
2 CFR subtitle A Chapter II part 200 subpart F section 200.512 states that “(1)
The audit must be completed and the data collection form described in
paragraph (b) of this section and reporting package described in paragraph (c)
of this section must be submitted within the earlier of 30 calendar days after
receipt of the auditor’s report(s), or nine months after the end of the audit
period. If the due date falls on a Saturday, Sunday, or Federal holiday, the
reporting package is due the next business day.”
Condition The Federal data collection form and reporting package were not filed on
time.
Cause There were limited personnel resources at the Borough’s to assist in the timely
completion of the Borough’s audit.
Effect or potential
effect
Federal funds could potentially be expended on unallowable activities and for
unallowed costs, and outside the period of performance.
Bristol Bay Borough, Alaska
Schedule of Findings and Questioned Costs, continued
Year Ended June 30, 2021
106
Questioned Costs None.
Context The Form SF-SAC is due nine months after the fiscal year-end. The form for
the fiscal year ended June 30, 2021 was filed late.
Repeat Finding No.
Recommendation The Borough should evaluate resources allocated to staffing to ensure it has
the capacity to adequately prepare and assist in the timely execution of the
audit.
Views of responsible
officials
Management agrees with the finding and is in the process of catching up on
audits with the goal of completing the FY 2023 audit timely.