FEDERAL AWARD FINDING
Federal Agency: Program Title:
Assistance Listing Number: Award Number:
Award Period:
All Awards reported on the schedule of expenditures of federal awards. All Awards reported on the schedule of expenditures of federal awards. All Awards reported on the schedule of expenditures of federal awards. All Awards reported on the schedule of expenditures of federal awards. All Awards reported on the schedule of expenditures of federal awards.
2023-007 - Late Submission of Single Audit Reporting Package (Significant Deficiency)
Statement of Condition
The Single Audit reporting package and related data collection form for the year ended June 30, 2023, was not submitted within nine months after the end of the audit period.
Criteria
In accordance with 2 CFR 200.512, the audit must be completed and the data collection form and reporting package must be submitted within the earlier of 30 calendar days after receipt of the auditor's report(s), or nine months after the end of the audit period. Internal control systems over financial reporting are to prevent late submission of the Single Audit reporting package, including the data collection form to the Federal Audit Clearinghouse.
Cause
The submission of the Single Audit reporting package was delayed due to a forensic audit needed to be completed before the single audit could be completed.
Effect
Management became aware of the improprieties and hired an independent forensic investigator. The forensic investigator identified improper disbursements to ineligible participants along with other disbursements that required further research, inconclusive, insufficient, unverified, and LLC discrepancy disbursements. Management also notified the State of New Jersey Department of Community Affairs Office of Auditing.
Recommendation
Management should review the internal controls in place over the filing of the data collection form and reporting package so it can be submitted timely to the Federal Audit Clearinghouse.
View of Responsible Officials
Management agrees with the finding and has provided the accompanying corrective action plan.
Corrective Action:
Management believes that the extraordinary circumstances that lead to the delayed submission of the 2023 fiscal audit reporting package are a one-time occurrence, future submission should not be affected.
Management expects that the 2024 fiscal audit reporting package and data collection form will be submitted timely to the Federal Audit Clearinghouse.
Projected Completion Date
As mentioned, the actions note above have been implemented.
Contact Person
Robert Waite, Controller
856-342-4186; robert.waite@camdendiocese.org