Finding Text
2022-001: Community Development Financial Institutions Fund ? Assistance Listing No. 21.020 and Community Development Financial Institutions Fund ? Rapid Response Program Assistance Listing No. 21.024, Late Filing of Prior Year Data Collection Form. Criteria and Condition: The data collection form and reporting package is required to be submitted to the Federal Audit Clearinghouse within 30 days after receipt of the auditor?s report or 9 months after the end of the fiscal year, whichever comes first. Context: The Company did not submit the data collection form and reporting package for 2021 within the required due dates.Cause: A formal process to track the filing of the data collection form and reporting package does not exist. Effect: By not filing the data collection form and reporting package by the due date, one of the federal award requirements was not met. Recommendation: We recommend that the Company develop a process to track the filing of the data collection form and reporting package. Views of Responsible Officials and Planned Corrective Actions: We agree with the finding and have established a process to track the filing of the data collection form and reporting package.