Finding Text
2024-003 Late Report Issuance
Fiscal Year Finding Initially Occurred 2024
Criteria: OMB Uniform Guidance requires that audits be submitted within nine months of the
close of the School Board’s fiscal year.
Condition: The School Board failed to submit its annual financial report to the Federal Audit
Clearinghouse by the statutory deadline.
Cause: The overall condition of the School Board’s financial records prohibited the School
Board’s CPA consultant from providing timely and accurate information to the
School Board’s auditors.
Effect: The School Board is not in compliance with Uniform Guidance.
Recommendation: The School Board should take the necessary steps to ensure that all financial
records are accurate and made available to the School Board’s auditors well in
advance of the statutory deadline to allow for timely completion of the audit.
Views of Responsible Officials: The School System is in the process of hiring adequate staffing
resources and is working with a CPA to assist with reconciling and closing financial
records timely to ensure that all financial records are accurate and available for
auditors. Additionally, the CPA and staff will work diligently with the auditor to
allow completion and submission of the audit report by the required deadline.