Management agrees with the finding of the auditor's report concerning the failure to timely submit our 2023
single audit reporting package and data collection form in a timely manner.
We have suffered changes in personnel which had a significant impact on our ability to gather information
needed to finalize our accounting records. New staff members who have taken on these responsibilities are in the
process of learning those procedures and adapting to our organization's specific requirements. Additionally, there
were some communication challenges during the audit process which led to misunderstandings and further
delays. In addressing these challenges, we are providing additional training and support for our new staff
members and reevaluating our financial closing processes to ensure that reporting deadlines are met in future
periods.
In addition, we were awaiting two significant financial transactions that will have a direct and substantial impact
on our 2022-2023 financial reports. The most significant of those transactions was a very large estate gift that
was pending at the close of the fiscal year (gift receivable). The value of this gift was difficult to assess because
of the nature of the gift as part of a sizeable and complicated trust (as well as a very lengthy liquidation process).
The gift finally arrived in April 2024 which provided us with the correct valuations (an increase in net assets
without donor restrictions of over $4 million). A gift of this magnitude had such a substantial financial impact that
we needed to wait for its completion in order to properly assess our financial position. The second transaction (a
sale of unused property) closed in late May which enabled us to accurately reflect the impact of these previously
pending items.
Responsible Official: Chris Ronk, Chief Financial Officer (800) 937-5097