Finding Text
Condition – Uniform guidance audit was not submitted to Federal Audit Clearinghouse (FAC) by due date of September 30, 2024.
Cause – Turnover in the finance team and a delay in reconciling accounts.
Criteria – Uniform guidance audits are required to be submitted no later than nine months after fiscal year-end.
Effect – This will result in other than low risk auditee status.
Recommendation – All reconciliations and audit related materials should be available on a timely basis to ensure timely submission to FAC by the end of September.
Management’s Response – Management is aware of the difficulties relating to the 2023 audit process and has brought in a new finance director as well as a consultant to assist with correcting the books and records and to re-establish appropriate procedures for vouchering and reconciliations during 2024 and forward.