Finding Text
Criteria - Uniform Guidance requires the audit reports to be filed with the FAC within nine months after the year end of the audit period (or by June 30).
Condition - Audit reports were not prepared and filed timely with the Federal Audit Clearinghouse (FAC) in accordance with Uniform Guidance.
Cause - The City did not submit the audit reports to FAC within nine months.
Effect - The City risks losing federal award funding.
Questioned Costs - There are no questioned costs associated with finding.
Context - Issuance of prior year audits were delayed which caused delay in beginning current year audit and additional current year audit procedures related to implementation of new accounting standard GASB 96 - Subscription-based Technology Arrangements.
Repeat Finding - This is a repeat finding.
Recommendation - We recommend City continue efforts to improve processes to ensure timely audit preparation and filings.
View of Responsible Officials and Planned Corrective Actions - The City concurs with the finding and has provided a response in the Corrective Action Plan.