We have received the audit findings regarding the material weakness identified in our failure to meet the Single Audit filing deadline of March 31, 2024 for fiscal year 2023. We acknowledge that the delay in closing out fiscal year 2023 and subsequently sending the necessary information to your firm on May 22, 2024, has contributed to this issue. We appreciate your recommendations and are committed to addressing this weakness promptly. In response to your recommendations, we propose the following actions: Timely Fiscal Year Closeout: We will implement a more rigorous timeline for the fiscal year closeout process to ensure that all financial activities and reconciliations are completed promptly. This includes setting internal deadlines to allow ample time for review and adjustments. Enhanced Coordination and Communication: We will establish regular communication channels between the finance department and all relevant stakeholders to ensure that necessary information is gathered and processed efficiently. Regular status meetings will be held to monitor progress and address any issues that may arise promptly. Process Improvements: We will review and streamline our financial reporting processes to eliminate bottlenecks and improve efficiency. A checklist and timeline for the closeout process will be developed and strictly adhered to by all involved personnel. Staff Training and Development: Targeted training will be provided to finance staff to ensure they are well-versed in the requirements and deadlines associated with the Single Audit. This will help to prevent delays and ensure compliance with filing deadlines. Cross-training programs will be implemented to ensure continuity and coverage during staff absences or turnover. Monitoring and Continuous Improvement: A monitoring system will be established to track the progress of the year-end closeout and filing process. Regular internal reviews will be conducted to ensure compliance and identify areas for further improvement. Feedback from the audit firm will be regularly solicited and incorporated into our process improvement initiatives. We are confident that these actions will address the material weakness and ensure that we meet the Single Audit filing deadline in the future.