Finding 39746 (2022-003)

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Requirement
L
Questioned Costs
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Year
2022
Accepted
2023-05-17
Audit: 46297
Organization: New Hope Housing, Inc. (VA)

AI Summary

  • Core Issue: The Organization missed the deadline for submitting the OMB reporting package, which is required within nine months after the fiscal year ends.
  • Impacted Requirements: This non-compliance is due to turnover in a key accounting role, delaying the annual audit process.
  • Recommended Follow-Up: Improve financial closing procedures and ensure audits are completed on time to meet the Uniform Guidance requirements.

Finding Text

Finding No. 2022-003 - Non-Compliance-Delay in Submission of the OMB Reporting Package. The Organization did not file the OMB reporting package within nine months of the fiscal year end as required per the Uniform Guidance. Turnover in a key accounting position close to year end caused a delay in start of the annual audit. The fiscal year 2022 audit work did not commence until March 2023, and was not completed until May 2023. We recommend the Organization complete all reports required under the Federal award document and submit reports in a timely manner. The Organization should improve financial close-our procedures and obtain the audit under the Uniform Guidance within nine months or the fiscal year end.

Categories

Reporting

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
14.267 Continuum of Care Program $1.37M
14.218 Community Development Block Grants/entitlement Grants $1.07M
14.231 Emergency Solutions Grant Program $895,925
14.235 Supportive Housing Program $146,163