Finding Text
Condition - The Corporation has not submitted Form SF-SAC to the Federal Audit Clearinghouse for the year ended March 31, 2021.
Criteria - According to Uniform Guidance compliance requirements, the audit package and the data collection form shall be submitted 30 days after receipt of the auditor’s report, or 9 months after the end of the fiscal year, whichever comes first.
Effect - The Corporation was not in compliance with the above Uniform Guidance compliance requirement.
Cause - The delay in submission was due to the Corporation being unaware of the reporting requirements of the federal award as this was a one time award.
Recommendation - We recommend the Corporation thoroughly review all compliance requirements of any award granted in the future.
Management’s Reply - (a) Comments on the finding and recommendation: Management agrees with the finding. Management also agrees with the recommendation, please see below for action taken.
(b) Action taken: Management will review any future grant awards for reporting requirements to ensure timely submission.
(c) Planned implementation date of corrective action - The Corporation will submit Form SF-SAC to the Federal Audit Clearinghouse within 30 days of the Independent Auditors’ Report date.