Finding 524694 (2022-004)

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Requirement
P
Questioned Costs
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Year
2022
Accepted
2025-02-27
Audit: 344122
Organization: Leap Social Enterprise INC (NJ)

AI Summary

  • Core Issue: The Data Collection Form and Single Audit reporting package for 2021 were submitted late, missing the September 30, 2022 deadline.
  • Impacted Requirements: This delay violates 2 CFR section 200.512, which mandates timely submission of audit reports.
  • Recommended Follow-up: Ensure future submissions of audit reports meet established deadlines to maintain compliance.

Finding Text

Finding Number 2022-004 Federal programs: All Major programs Category: Internal control / Compliance Condition: Data Collection Form and Single Audit reporting package corresponding to year ended December 31, 2021, were not submitted within the established due date. The report was due by September 30, 2022. Criteria: 2 CFR section 200.512 (a)(1) establishes that the audit must be completed and the reporting required by paragraph (b) (1) of this section 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. Unless restricted by Federal law or regulation, the auditee must make report copies available for public inspection. Auditees and auditors must ensure that their respective parts of the reporting package do not include protected personally identifiable information. Cause: Information required to timely complete the financial statements audit was not available. Effect: Data Collection Form and Single Audit reporting package were not submitted in a timely manner as required by the Uniform Guidance. Questioned Costs: None. Recommendation: Data Collection Form and Single Audit reporting package shall be submitted by the established due date. Management Response: The Entity issued the audited financial statements for the years ended December 31, 2022 and 2021 on April 18, 2024 and October 23, 2023, respectively. The Single Audit reporting packages corresponding to the years ended December 31, 2022 and 2021 will be submitted on or before February 28, 2025.

Categories

Reporting Internal Control / Segregation of Duties

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
84.425 Education Stabilization Fund $6.30M
10.559 Summer Food Service Program for Children $599,174
84.282 Charter Schools $407,739
32.009 Emergency Connectivity Fund Program $118,853