Finding Text
The requirements in Section 200.512 of the Uniform Guidance Act state that the audit must be completed, and the data collection form and reporting package must be submitted within the earlier of 30 calendar days after receipt of the auditor's report, or nine months after the end of the audit period. Criteria A transit agency entity that expends $750,000 or more during the non-Federal entity's fiscal year in Federal Awards must have a single audit conducted in accordance with Section 200.514 of the Uniform Guidance Act. Condition The Authority was not able to complete the June 30, 2021 audit in time to submit by the required deadline. Cause The Authority's personnel were unable to provide the assistance needed to complete the financial statement audit in a timely fashion. Effect The Authority's financial statements were not submitted timely to the Federal Audit Clearinghouse. Recommendation The Authority should review job descriptions and personnel levels to ensure the Authority's staff is able to comply with the Uniform Guidance Act requirements. Management's Response and Corrective Action See attached response.