Finding Text
Finding 2022-002 Significant Deficiency in Internal Control over Compliance, Noncompliance - Reporting Identification of the federal program Agency Department of Homeland Security and Department of the Treasury ALN 97.036 and 21.027 Program Disaster Grants ? Public Assistance (Presidentially Declared Disasters) and COVID-19 Coronavirus State and Local Fiscal Recovery Funds Award Number DR-4094-AK, DR-4413-AK, DR-4533-AK and CSLFRF/ARPA Award Year Multiple Criteria or specific requirement The Borough is required to submit the single audit report and Form SF-SAC within nine months of the fiscal year end or by any Office of Management and Budget extended deadlines. Condition The Form SF-SAC for the fiscal year ended June 30, 2022 was not filed on time. Cause The audit was not completed in time to file the form, due to a delay in closing the books and records. Effect or Potential Effect The Borough was not able to file the Form SF-SAC by the required time. 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, 2022 was filed late. Identification as a repeat finding No Recommendation We recommend the Borough implement internal control procedures to ensure timely closing of books and records to ensure timely submission of the Form SF-SAC in the future. Views of Responsible Officials Management concurs with the findings. Management will ensure timely year end closing and review of audit schedules to ensure timely reporting.