Finding Text
Condition/Context
The Corporation did not submit the Data Collection Form for the year ended December 31, 2021 to the OMB in a timely manner as required by Uniform Guidance section 2 CFR 200.512.
Criteria
Uniform Guidance section 2 CFR 200.512 requires that Data Collection Form (SF-SAC) be submitted to the Office of Managements and Budget (OMB) within the earlier of 30 days after the date of the auditor's report, or nine months after the end of the audit period.
Effect or Potential Effect
The Corporation is not in compliance with Uniform Guidance.
Cause
The Owner and Management Agent had a change in auditors and did not provide financial information in a timely manner.
Identification as a Repeat Finding
2020-002
Recommendation
The Corporation should file the December 31, 2021 financial statements as soon as possible and should ensure the annual financial report is filed within 30 days after the date of the auditor's report and within nine months of fiscal year end.
Auditor Noncompliance Code: Z - Other
Finding Resolution Status
Open.
Reporting Views of Responsible Officials
Management will make efforts to submit the Data Collection Form more timely going forward.