Finding Text
2023-004 Late Audit Submission
CFDA Title: Coronavirus State and Local Fiscal Recovery Funds / Local Assistance and Tribal Consistency Fund
CFDA Number: 21.027 / 21.032
Federal Agency: United State Department of the Treasury
Pass-through Entity: NA
Condition:
Montana local governments with a June 30th fiscal year end must submit their audit report to the MT Department of Administration and the Federal Clearing house by March 31st, following the fiscal year end. The County’s audit was not completed until After March 31, 2024.
Context:
Per review of the audit compliance requirements for both the State of Montana and the Federal government.
Criteria:
The audit for the fiscal year ended June 30, 2023, was due to the State and the Federal government by March 31, 2024 as required by MT Administrative Rules 2.4.411 and the Federal Uniform Guidance/A-133 rules.
Effect:
The County is late in completing their fiscal year 2023 audit.
Cause:
The original contract with the County was for a non-federal audit. It was subsequently found in February 2024 that they would actually be a federal audit as they expended more than $750,000 in federal assistance. Due to the time constraints of when this was discovered, there was not sufficient time to complete the audit but March 31, 2024.
Recommendation:
We recommend the County complete their annual audits in compliance with MT Administrative Rules 2.4.411 and federal rules described in the Uniform Guidance/A-133.