FAC Explorer

Finding 504035 (2023-001)

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Requirement
L
Questioned Costs
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Year
2023
Accepted
2024-10-29
Audit: 326425
Organization: Young Men's Christian Association of Greater Long Beach (CA)
Auditor: Guzmangray

AI Summary

  • Answer: The Single Audit Report was not submitted on time.
  • Trend: Late submissions can lead to compliance issues and potential penalties.
  • List: Follow up with the responsible team to ensure timely submission in the future.

Finding Text

Single Audit Report should have been submitted nine months after year end.

Corrective Action Plan

The Association's leadership believes this one-time noncompliance of timely reporting will not occur again with the hiring of a permanent CFO and the long tenure of The Association's accounting staff who have continued to maintain the timely performance and high level of integrity for all accounting tasks.

Categories

No categories assigned yet.

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
84.425 Education Stabilization Fund $545,568
10.558 Child and Adult Care Food Program $473,476
93.575 Child Care and Development Block Grant $82,860
14.218 Community Development Block Grants/entitlement Grants $44,794
21.027 Coronavirus State and Local Fiscal Recovery Funds $26,238
93.596 Child Care Mandatory and Matching Funds of the Child Care and Development Fund $3,722