Finding Text
Finding 2022-002: Late submission of single audit report package Federal Programs: All Federal Agencies in the SEFA Statement of Condition: Financial information contained in the Governmental-Wide and Governmental Funds Financial Statements was not available before the reporting package submission, until March, 31 2023. Data was provided after March 31. Criteria: Title 2, Subtitle A, Chapter II, Part 200 named ?Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards? Subpart F- Audit Requirements, under 200.512 ?Report Submission? states that the audit shall be completed and the Data Collection Form described in paragraph (b) of this section and reporting package described in paragraph (c) of this section shall be submitted to the Federal Clearinghouse designated by OMB within the earlier of 30 calendar days after receipt of the auditor's reports, or nine months after the end of the audit period. Cause of Condition: The ALDL did not submit the single audit reports and reporting package for the year ended June 30, 2022, to the Federal Clearinghouse during the required submission deadline period. Effect of Condition: The ALDL may be subject to sanctions such as: 1. Withholding a percentage of federal awards until the audit is completed satisfactorily, 2. Withholding or disallowing overhead costs, 3. Suspending federal awards until the audit is conducted, 4. Terminating the federal award. Recommendation We recommend that the ALDL should start the process of compiling and preparing the financial information to complete the Governmental-Wide and Governmental Funds Financial Statements and the Schedule of Expenditures of Federal Awards with enough time to assure that such information is available for the audit process, before March 31, and to provide it with enough time so the audit process can be completed before such due date. Questioned Costs None Prior year finding: N/A View of Responsible Official and Planned Corrective Action Plan: The ALDL already took the necessary steps to gather their pertinent information and have already coordinated the methods and software with an appropriate time frame. The actions will include in-person meetings and will also include other State Government agencies that are related directly to our financial) system. Responsible Person: Yvette Velazquez Finance Director Ramses J. Aguayo Hiraldo Director.