Finding Text
Finding 2024-005 – U.S. Department of Treasury – COVID-19 – Coronavirus State and Local Fiscal Recovery Funds, 21.027
Noncompliance – Reporting
Compliance Requirement: Reporting
Criteria – Financial and performance reports are required to be submitted timely, as outlined in federal grant agreements.
Condition – One of the six reports tested was not submitted prior to the deadline as outlined in the grant agreement.
Cause – Report was not submitted timely to the grantor agency.
Effect – By not submitting reports timely to the grantor agency, the Organization may be at risk for losing federal funding.
Questioned Costs – None.
Context – Financial and performance reports are required to be submitted by deadlines outlined in federal grant agreements.
Recommendation – We recommend management ensure the financial and performance reports are submitted within the period outlined in federal grant agreements and obtain approval from grantor agency for any late submissions.
Management’s Response – Management concurs with the finding, see Corrective Action Plan.