Finding 47361 (2022-001)

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Requirement
P
Questioned Costs
-
Year
2022
Accepted
2023-02-05

AI Summary

  • Core Issue: The organization failed to submit the Single Audit reporting package and data collection form on time for FY 2021.
  • Impacted Requirements: This noncompliance violates the submission timeline set by Uniform Guidance 2 CFR 200.512(a).
  • Recommended Follow-Up: Ensure timely submission of future audits and complete the FY 2021 submission as soon as possible.

Finding Text

2022-001 ? Noncompliance with Single Audit Submission Requirements Criteria ? Per Uniform Guidance 2 CFR 200.512(a), the audit package and the data collection form shall be submitted 30 days after receipt of the auditor's report(s), or 9 months after the end of the fiscal year ?whichever comes first. Condition ? The Organization did not submit their Single Audit reporting package and data collection form to the Federal Audit Clearinghouse (FAC) for FY 2021. Cause ? Inadequate monitoring of the final audit required submission. Normally the management company relies on the auditor to meet the final requirement; however in this case, the company changed auditors. The focus of the management company is heavily on HUD submissions and compliance and not necessarily on submission to FAC Effect ? Noncompliance with Single Audit Requirements Questioned Costs ? None Recommendation ? Organization should ensure that future single audits are submitted timely and ensure that fiscal year 2021 single audit is submitted.

Corrective Action Plan

2022-001- Noncompliance with Single Audit Submission Requirements Condition: Organization did not submit their Single Audit reporting package and data collection form to the Federal Audit Clearinghouse (FAC) for FY 2021. Corrective Action Planned: Organization has been in communication with predecessor auditor to submit fiscal year 2021 single audit. Additionally, the Organization will implement a new control procedure to ensure Single Audit reporting package and data collection form are submitted timely to FAC. Person(s) responsible for corrective action: Rex Snyder, Chief Accounting Officer Telephone: (205) 639-5125 Anticipated Completion Date: Organization has been in communication with predecessor auditor to submit fiscal year 2021 before fiscal year 2022 is submitted. Management company to implement new control procedure before end of fiscal year 2023.

Categories

Subrecipient Monitoring HUD Housing Programs Reporting

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
14.157 Section 202 Capital Advance $1.27M
14.157 Project Rental Assistance $138,824