Finding Text
Criteria:
2 CFR §200.512 (a) (1) establishes that the audit must be completed and the data collection form described
in paragraph (b) of this section and reporting package described in paragraph (c) of this section must be submitted within the earlier of 30 calendar days after receipt of the auditor's report(s), or nine months after the end of the audit period.
Condition:
COR3 did not submit the required data collection form and reporting package for the year ended June 30, 2019 and 2020, within the required period.
Cause:
Lack of procedures requiring a review of deadlines established for the submission of required annual reporting. In addition, the lack of an integrated financial accounting system that considers all funds administered, including state and federal awards. The accounting is maintained for funds received and disbursed, which are recorded in "Excel" program spreadsheets for both state and federal awards. In addition, the Program maintains separate accounting records, for transactions related to the Grants using the same "Excel" program spreadsheets system. This creates delays in the performance of the single audit procedures and the timely delivery of the single audit reporting package.
Effects:
Condition may result in noncompliance with the requirements for Reporting.
Questioned Costs:
None.
Identification as a repeat finding:
Finding is a repeat of a finding in the immediately prior year and was identified as first bullet in finding number 2019- 05.
Recommendation:
We recommend management to establish calendars to review submission of required reporting in order to ascertain that all team members be aware of due dates.