Finding 406470 (2021-001)

Material Weakness
Requirement
P
Questioned Costs
-
Year
2021
Accepted
2024-07-03
Audit: 311635
Organization: Leech Lake Tribal College (AZ)
Auditor: Redw

AI Summary

  • Core Issue: The College failed to submit the single audit report on time, breaching compliance with Uniform Guidance.
  • Impacted Requirements: Submission deadline was not met, as reports should be filed within 9 months post fiscal year-end.
  • Recommended Follow-Up: Ensure accurate and timely financial statements are prepared and audits are conducted to meet submission deadlines.

Finding Text

Single Audit Report Submission - Material Weakness in Internal Control Over Compliance and Noncompliance Criteria: The Uniform Guidance 2 CFR 200.512 (a) requires the audit package and data collection form be submitted 30 days after receipt of the auditor's report or 9 months after the end of the fiscal year, whichever comes first. Condition: The College's fiscla year 2021 single audit reporting package was not submitted within nine months after the end of the audit period. Questioned Costs: N/A Cause: The College did not have appropriate internal control policies and procedures in place to ensure accounting records and financial statements were reconciled timely and the audit conducted to meet compliance requirements. Effect: The single audit reporting package was submitted after the required reporting time period. Auditor's Recommendations: To ensure compliance with the Uniform Guidance, the College should prepare accurate, complete, and timely financial statements and ensure an audit is performed to ensure the timely submission of the single audit reporting package. Management's response: Management has implemented policies and procedures to ensure the timely submission of single audit reporting package.

Categories

Material Weakness Reporting Internal Control / Segregation of Duties

Other Findings in this Audit

  • 406469 2021-001
    Material Weakness
  • 406471 2021-001
    Material Weakness
  • 406472 2021-001
    Material Weakness
  • 406473 2021-002
    Significant Deficiency Repeat
  • 406474 2021-002
    Significant Deficiency Repeat
  • 982911 2021-001
    Material Weakness
  • 982912 2021-001
    Material Weakness
  • 982913 2021-001
    Material Weakness
  • 982914 2021-001
    Material Weakness
  • 982915 2021-002
    Significant Deficiency Repeat
  • 982916 2021-002
    Significant Deficiency Repeat

Programs in Audit

ALN Program Name Expenditures
84.031 Higher Education_institutional Aid $600,257
84.063 Federal Pell Grant Program $439,279
47.076 Education and Human Resources $299,236
15.027 Assistance to Tribally Controlled Community Colleges and Universities $214,077
10.500 Cooperative Extension Service $128,272
10.221 Tribal Colleges Education Equity Grants $78,385
10.222 Tribal Colleges Endowment Program $47,434
84.425 Education Stabilization Fund $45,528
10.766 Community Facilities Loans and Grants $28,887
45.310C Cares Act Tc Libraries $25,158
84.007 Federal Supplemental Educational Opportunity Grants $13,350
10.202 Cooperative Forestry Research $10,527
43.008 Education $5,305
45.310 Grants to States $264
15.028 Tribally Controlled Community College Endowments $197
84.033 Federal Work-Study Program $-9