Finding 387814 (2023-002)

Criteria Reporting - 2 CFR Part 200 requires grantees to submit the Single Audit reporting package to the Federal Audit Clearinghouse (FAC) within the earlier of 30 calendar days after receiving the audit report or nine months after the fiscal year end. Condition During our testing, we noted that the Single Audit reporting package for fiscal year 2021 was not submitted to the FAC within the required timeframe. Questioned Costs None Context The complete reporting package was submitted on June 18, 2022. Because the package was submitted over nine months after the Organization’s fiscal year end it was considered late based on 2 CFR Part 200 requirements. Effect The Organization was not in compliance with 2 CFR Part 200 and was classified as a high-risk auditee for fiscal year 2023. Cause The audit was not finalized within the 9 month time frame to allow the Organization to file its Single Audit package according to 2 CFR Part 200 requirements. Recommendation The Organization should ensure that the Single Audit reporting package is submitted to the FAC within the required timeframe. Management Response Management concurs with this finding. See corrective action plan