Finding 374406 (2022-005)

Criteria In accordance with the Uniform Guidance, the audit package and the Data Collection Form must be submitted within 30 days after receipt of the auditors’ report or nine months after the end of the fiscal year, whichever comes first. Condition There are inadequate internal controls in place to ensure that the Corporation’s financial statement audit is completed in a manner to allow the Data Collection Form to be filed by the reporting deadline. Context The Data Collection Form for the year ended September 30, 2022 was not submitted to the Federal Audit Clearinghouse by the June 30, 2023 deadline. Cause There were delays in completing the 2022 audit as management needed additional time to reconcile accounts and provide the requested supporting documentation. Effect Management did not fully adhere to the requirements of the Uniform Guidance. Repeat Finding Yes, this is a repeat of finding 2021-006. Questioned Costs None. Recommendation We recommend that the Corporation enhance its internal controls, policies and procedures to ensure that all filing requirements under federal awards are met. Views of Responsible Officials and Planned Corrective Actions See corrective action plan.