Finding 39919 (2022-001)

Criteria: 2 CFR ?200.329 states the recipient is required to relate financial data and accomplishments to performance goals and objectives of the federal award. Condition: During audit procedures performed, we noted the Chamber did not meet the reporting compliance requirement per review of the contract agreement as one of the three required reports had been filed, and the one report filed was submitted late. Questioned Costs: None Context: Reports must be submitted to the awarding agency 45 days after the end of the quarter. There are three quarters in the contract period that fall within the fiscal year. Cause: The Chamber was unaware of the additional quarterly reporting requirements as this is the first single audit the Chamber has been through in addition to the speed in which the funds were spent due to COVID-19 and the emergency it created for businesses in the area. Effect: Failure of the Chamber to comply with the audit requirements may constitute a violation of the agreement and may result in the withholding of future payments. Recommendation: We recommend that the Chamber ensure all required reports are filed in a timely manner. Views of responsible officials: There is no disagreement with the audit finding.