Finding Text
Criteria - The grant requires that the SF-425, Federal Financial Report - Annual Federal Financial Report and the SF-429 Real Property Status Report (“FFRs”) are filed no later than 90 days after the end of the period.
Condition - During our audit, we noted that the Organization did not file the FFRs timely for the period ended October 31, 2023. The late submission was completed on June 4, 2024.
Cause - The bookkeeper position was vacated at the end of fiscal year 2023, causing a delay in reporting by the remaining staff members.
Effect of Condition - The late submission caused the organization to not be in compliance with the reporting requirements per the Compliance Supplement.
Questioned Costs - None.
Perspective - Due to the late submission for this federal program, programs with required reporting may have similar issues.
Recommendation - We recommend the Organization follow its comprehensive policies and procedures and complete reporting submissions on time.
Views of Responsible Officials and Planned Corrective Actions - The Organization acknowledges and is aware of this finding. Management and fiscal departments are responsible for timely reporting. Management will follow its comprehensive policies and procedures and complete reporting submissions on time for future periods.