Finding Text
Section III ? Federal Award Findings and Questioned Costs Finding 2022-009 Noncompliance with Reporting Requirements Federal Agency: U.S. Department of the Treasury Federal Program: Coronavirus State and Local Fiscal Recovery Funds Assistance Listing Number: 21.027 Award Number: None Award Years: 2021 Type of Finding: Material weakness in internal control over compliance and material noncompliance. Criteria: The Association was required to submit an interim financial report for the Coronavirus State and Local Fiscal Recovery Funds during the fiscal year. Condition and Context: The Association did not provide documentation for the required interim report required by the Department of the Treasury for the Coronavirus State and Local Fiscal Recovery Funds. Cause: Lack of internal controls over reporting requirements. Effect: The Association was not in compliance with reporting requirements. Questioned Costs: None noted. Repeat Finding: This is a repeat of Finding 2021-006 and since it is a repeat finding, we believe this to be a systemic issue. Recommendation: We recommend that management comply with reporting requirements. Management?s Response: Management agrees with this finding. See Corrective Action Plan.