Finding Text
2023-010 Late Audit Submission
CFDA Title: Education Stabilization Fund
CFDA Number: 84.425
Federal Agency: U.S. Department of Education
Pass-through Entity: Montana Office of Public Instruction
Condition:
Montana local governments with a June 30th fiscal year end must submit their audit report to the MT Department of Administration and the Federal Clearing house by March 31st, following the fiscal year end. The District’s audit was not completed until After March 31, 2024.
Criteria:
The audit for the fiscal year ended June 30th, 2023, was due to the State and the Federal government by March 31, 2024 as required by MT Administrative Rules 2.4.411 and the Federal Uniform Guidance/A-133 rules.
Context:
Per review of the audit compliance requirements for both the State of Montana and the Federal government.
Effect:
The District is late in completing their fiscal year 2023 audit.
Cause:
The audit contract was for a non-federal audit. In January 2024 it was discovered that this would be a federal audit. Due to time constraints for other audits already scheduled that were federal, the audit could not be completed by March 31, 2024.
Recommendation:
We recommend the District complete their annual audits in compliance with MT Administrative Rules 2.4.411 and federal rules described in the Uniform Guidance/A-133.