Finding Text
Criteria: 2 CFR Section 200.328 requires that the non-federal entity must submit the Federal Financial Report (SF-425) no later than 30 days after the end of a quarterly or semiannually reporting period (or 90 days for annual reporting periods).
Condition and context: During testing of the Alliance’s compliance over reporting, we identified the Alliance did not submit the SF-425 forms timely during the year ended September 30, 2024.
Cause: The Alliance’s controls and processes were not effectively designed to ensure all reporting requirements are executed timely.
Effect: The Alliance was not fully in compliance with the reporting requirements of the Uniform Guidance.
Questioned Costs: None.
Identification as a Repeat Finding: N/A.
Recommendation: We recommend that the Alliance implement internal controls such as a compliance calendar and designated review procedures to ensure that all federal reporting requirements, including SF-425 filings, are completed accurately and on time.
Views of Responsible Official: Management agrees with the finding. See Corrective Action Plan.