FAC Explorer

Finding 20893 (2022-001)

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Requirement
P
Questioned Costs
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Year
2022
Accepted
2023-07-11
Audit: 22022
Organization: Jetstream Federal Credit Union (FL)
Auditor: Nearman Maynard Vallez CPA

AI Summary

  • Answer: The Credit Union missed the requirement for a single audit for the year ending March 31, 2022.
  • Trend: This could indicate potential compliance issues if not addressed promptly.
  • List: Recommend scheduling the audit immediately and reviewing procedures to ensure future compliance.

Finding Text

We noted the Credit Union was required to have a single audit performed for the year ended March 31, 2022, but did not have one completed.

Corrective Action Plan

A single audit for March 31, 2022 was completed in June 2023.

Categories

No categories assigned yet.

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
21.024 Community Development Financial Institutions Rapid Response Program (cdfi Rrp) $848,617
21.020 Community Development Financial Institutions Program $73,884