Finding 394633 (2022-002)

Finding Number: 2022 002 Data Collection Form Late Submission Repeat Finding: No Questioned Costs: None Funding Agency: U.S. Small Business Administration Title: Shuttered Venue Operators Grant AL Number: 59.075 Award Year: 01/01/2021 06/30/2022 Condition The Foundation did not submit the June 30, 2022 data collection form and reporting package to the Federal Audit Clearinghouse in a timely manner. Criteria The Report Submission that is codified in 2 CFR Part 200.512 requires the auditee must submit the applicable data elements of the data collection form to the Federal Audit Clearinghouse within the earlier of 30 calendar days after receipt of the auditor's report or nine months after the end of the audit period. Cause The Foundation's June 30, 2022 audit was not completed prior to the due date. Effect The Organization was not in compliance with audit submission requirements, resulting in a significant deficiency in internal controls over compliance. Recommendation We recommend the Foundation implement systems and procedures to ensure timely completion of its audit and submission of the audit package to the Federal Audit Clearinghouse. View of Responsible Officials Management agrees with the finding and has committed to a corrective action plan.