ULMS Corrective Action Plan for FY 21-22 Audit FindingsULMS faced significant challenges with the departure of its longtime CFO two months post fiscal year 2021. In addition, the third-party management company who had been responsible for the Partnership accounting, ceased the relationship abruptly without opportunity to smoothly transition the responsibility in-house to ULMS. Our external auditor does not prepare a Management Letter typically used to communicate with the Board of Directors and Governance issues that may not elevate to a finding. As such, significant findings are reflected in Section III ? Federal Award Findings and Questioned Costs.FY 2021 was the organization?s first single audit reporting requirement. ULMS engaged a third-party CPA to review past audit and current documents needed to commence the FY 2022 audit. However, due to an emergency there was limited independent review of documents prior to being submitted to the auditor due to time constraints. ULMS continues to strengthen its accounting team and has hired a new Controller in July 2023. The new Controller is a licensed CPA with over 30 years accounting experience and over 10 years? experience as an independent auditor for a range of organizations including non-profits. The Controller will collaborate with the CFO to ensure there is accuracy in reporting, especially for major federal programs. Finding #: 2022-004Contact Person: Mansour Camara? Management does not agree that this finding should be noted. As indicated in the beginning of the response, the auditor does not produce a management letter and as such, issues such as late submission to FAC are included as a finding instead of being included in management letter. Management had requested a September 2022 audit start date, but the auditor was only available until October 2022. The Board decided to delay the audit until a CPA could be hired in November 2022 to review the findings of previously issued audit report. The audit was rescheduled to start in December 2022 for an agreed upon March 2023 completion date. Management forwarded the audit schedules to the auditors in January 2023. The auditor further delayed the commencement of ULMS audit to focus on the audit of Urban League Village at Coleman School causing at least an additional 2-month delay. Next, the auditors waited an additional 2 months for a confirmation receipt from a grantor.Actions to be taken: Management will file the audited financials to FAC within 30 days of issuance of the financial statements. Management will ensure subsequent audits are submitted to FAC in a timely manner.