Finding Text
Condition and Context: The four quarterly reports were not filed within the 30 days required by the contract. Also, the Uniform Guidance requires the submission of a single audit reporting package to the Federal Audit Clearinghouse within nine months of the auditee?s fiscal year end. Criteria, Cause and Effect: According to 2 CFR ?200.327, Financial Reporting, information must be collected with the frequency required by the terms and conditions of the Federal award. The contracts require the filing of quarterly reports within 30 days after the quarter-end. Also, the Uniform Guidance requires the submission of a single audit reporting package to the Federal Audit Clearinghouse within nine months of the auditees? fiscal year end. The cause is due to a decrease in personnel at the School, requiring finance personnel to complete additional nonfinance related tasks. The effect is the late filing of the quarterly reports and late submission to the Federal Audit Clearinghouse. Recommendation: We recommend that the School establish a system of monitoring for the filing of all required reporting and that the chief school administrator review the monitoring list on a regular basis consistent with the timing of report filings. Management?s Response: The School?s responsible officials? views and planned corrective action are in its corrective action plan at the end of the report.