Finding Text
Community Facilities Loans and Grants Cluster; Federal Assistance Listing No. 10.766; U.S. Department of Agriculture Criteria or specific requirement ? Reporting Condition: The Hospital is required to submit annual audited financial statements to the U.S. Department of Agriculture 150 days subsequent to yearend. The audited financial statements as of and for the year ended December 31, 2021, were due to the U.S. Department of Agriculture by May 30, 2022, and were not submitted until November 2022. Questioned costs: None. Context: In testing the timely submission of the audited financial statements, the Hospital was unable to locate or provide support showing that the audited financial statements were submitted to the U.S. Department of Agriculture by the due date. Effect: Audited financial statements were not timely submitted. Cause ? The Hospital was unable to produce support for timely submitted audited financial statements. Identification as a repeat finding ? Not applicable Recommendation ? We recommend management develop a procedure to ensure that the audited financial statements are timely submitted to the U.S. Department of Agriculture. Views of responsible officials and planned corrective actions: Management agrees with the recommendation. The Hospital will create calendar appointments prior to required deadline for submission of the audited financial statements for the responsible personnel including the chief financial officer.