Finding 41439 (2022-004)

Significant Deficiency
Requirement
P
Questioned Costs
-
Year
2022
Accepted
2023-08-06
Audit: 37635
Auditor: Bdo USA P A

AI Summary

  • Core Issue: The Borough failed to submit the Form SF-SAC for FY 2022 by the nine-month deadline due to delays in closing financial records.
  • Impacted Requirements: This noncompliance affects the timely reporting of federal expenditures, specifically for the Schools and Roads Grants program.
  • Recommended Follow-Up: Ensure timely filing of the Form SF-SAC in the future by completing reconciliations and adjustments by September 5 and coordinating with auditors for early draft reviews.

Finding Text

Finding 2022-004 Deadline for Federal Single Audit - Noncompliance and Internal Control Over Compliance ? Significant Deficiency Agency United States Department of Agriculture ALN 10.665 21.027 Program Name Schools and Roads Grants to States Coronavirus State and Local Fiscal Recovery Funds Award Year FY 2022 Criteria or Specific Requirement The Borough is required to submit the single audit report and Form SF-SAC within nine months of the fiscal year end. Condition The Form SF-SAC for the fiscal year ended June 30, 2022 was not filed on time. Cause The audit was not completed in time to file the form, due to a delay in closing the books and records. Effect or Potential Effect The Schedule of Expenditures of Federal Awards were not available in a timely manner in order to allow for timely submission of Form SF-SAC. Questioned costs None Context The Form SF-SAC is due nine months after the fiscal year end. The form for the fiscal year ended June 30, 2022 was filed late. Identification as a repeat finding No Recommendation We recommend the Form SF-SAC is filed timely in the future. Views of Responsible Officials Management concurs with this finding. Management will ensure Beginning balance reconciliations and year-end adjustments will be complete by September 5th, and will work with external auditors to have a financial statement draft prior to their fieldwork.

Categories

Reporting Significant Deficiency Internal Control / Segregation of Duties

Other Findings in this Audit

  • 41438 2022-004
    Significant Deficiency
  • 617880 2022-004
    Significant Deficiency
  • 617881 2022-004
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
10.665 Schools and Roads - Grants to States $1.35M
21.027 Coronavirus State and Local Fiscal Recovery Funds $349,064
97.036 Disaster Grants - Public Assistance (presidentially Declared Disasters) $161,548
21.019 Coronavirus Relief Fund $79,988
20.224 Federal Lands Access Program $68,246
11.022 Bipartisan Budget Act of 2018 $46,276
97.067 Homeland Security Grant Program $37,588
45.311 Native American and Native Hawaiian Library Services $10,000
45.310 Grants to States $5,916