Finding 537995 (2024-002)

- Repeat Finding
Requirement
P
Questioned Costs
-
Year
2024
Accepted
2025-03-27

AI Summary

  • Core Issue: The Data Collection Form and Single Audit report for the year ending June 30, 2023, were submitted late, missing the March 31, 2024, deadline.
  • Impacted Requirements: This violates 2 CFR section 200.512, which mandates timely submission of audit reports.
  • Recommended Follow-up: Ensure future submissions meet deadlines to avoid repeat findings and maintain compliance.

Finding Text

Finding Number 2024-02 Federal programs: All Major programs Category: Internal control / Compliance Condition: Data Collection Form and Single Audit reporting package corresponding to year ended June 30, 2023, were not submitted within the established due date. The report was due by March 31, 2024, which is nine months after the end of the fiscal year ended June 30, 2023. A similar finding was reported last year as item 2023-01. 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’s Response: On July 31, 2024, the Authority issued the audited financial statements for the fiscal year 2023 and Single Audit reporting package corresponding to year ended June 30, 2023 was submitted on August 30, 2024. Currently, the audit for the fiscal year 2024 is in process and the Authority expects to issue and submit the 2024 financial statements and Single Audit reporting package within the established due date.

Corrective Action Plan

On July 31, 2024, the Authority issued the audited financial statements for the fiscal year 2023 and Single Audit reporting package corresponding to year ended June 30, 2023 was submitted on August 30, 2024. Currently, the audit for the fiscal year 2024 is in process and the Authority expects to issue and submit the 2024 financial statements and Single Audit reporting package within the established due date.

Categories

Reporting Internal Control / Segregation of Duties

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
21.027 Coronavirus State and Local Fiscal Recovery Funds $209.06M
97.036 Disaster Grants - Public Assistance (presidentially Declared Disasters) $168.47M
66.458 Clean Water State Revolving Fund $26.80M
66.468 Drinking Water State Revolving Fund $17.35M
14.218 Community Development Block Grants/entitlement Grants $13.28M
97.039 Hazard Mitigation Grant $5.28M
10.760 Water and Waste Disposal Systems for Rural Communities $3.65M