Finding Text
Criteria: In accordance with federal regulations (Uniform Guidance 2 CFR 200), recipients of federal awards are required to submit their single audit within the stipulated timeframe, usually nine months after the end of the fiscal year.
Condition: During the 2023 audit, it was identified that the City failed to submit its single audit report for the fiscal year ending September 30, 2023 within the required timeframe, which is a violation of the Uniform Guidance requirements.
Effect: The late submission of the single audit report has resulted in a breach of compliance with federal regulations. This non-compliance has the potential to disallow funding from federal agencies.
Cause: The delay in submitting the single audit report was primarily attributed to a change in finance personnel.
Recommendation: We recommend the City develop a system of monitoring grant requirements and establish a timeline for meeting deadlines related to reporting in compliance with the Uniform Guidance.