FAC Explorer

Finding 564482 (2024-001)

Significant Deficiency
Requirement
L
Questioned Costs
-
Year
2024
Accepted
2025-06-11
Audit: 358613
Organization: Council on the Environment, INC (NY)
Auditor: Novogradac & Company LLP

AI Summary

  • Issue: Financial statements are submitted late, violating federal requirements.
  • Requirement: Must submit electronically within 9 months after the fiscal year ends.
  • Follow-up: Ensure timely submission and implement controls to prevent future delays.

Finding Text

Section III - Federal Award Findings and Questioned Costs Finding No. 2024-1 Statement of Condition The electronic submission of the financial statements is overdue. Criteria The financial statements must be electronically submitted to the Federal Audit Clearinghouse within 9 months of fiscal year-end. Questioned Costs None Effect or potential effect The Organization is in non-compliance with specific requirements of a major federal program. Cause Controls are not in place to ensure that the Organization records and reports financial data on time. Recommendation We recommend that the electronic submission be completed as soon as possible.

Corrective Action Plan

Views of Responsible Officials and Planned Corrective Action Auditee agrees with the auditor. The Organization experienced a delayed start to its annual financial audit for the year ended June 30, 2024, resulting in a late electronic submission to the Federal Audit Clearinghouse. This was primarily caused by residual effects of a prior year delayed audit, exacerbated by implementation of new accounting software. The Organization believes that it is now in a better position to meet both internal and external deadlines for timely submission to the Federal Audit Clearinghouse for the year ended June 30, 2025.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 564483 2024-001
    Significant Deficiency
  • 564484 2024-001
    Significant Deficiency
  • 564485 2024-001
    Significant Deficiency
  • 564486 2024-001
    Significant Deficiency
  • 564487 2024-001
    Significant Deficiency
  • 564488 2024-001
    Significant Deficiency
  • 564489 2024-001
    Significant Deficiency
  • 564490 2024-001
    Significant Deficiency
  • 564491 2024-001
    Significant Deficiency
  • 1140924 2024-001
    Significant Deficiency
  • 1140925 2024-001
    Significant Deficiency
  • 1140926 2024-001
    Significant Deficiency
  • 1140927 2024-001
    Significant Deficiency
  • 1140928 2024-001
    Significant Deficiency
  • 1140929 2024-001
    Significant Deficiency
  • 1140930 2024-001
    Significant Deficiency
  • 1140931 2024-001
    Significant Deficiency
  • 1140932 2024-001
    Significant Deficiency
  • 1140933 2024-001
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
11.300 Investments for Public Works and Economic Development Facilities $1.08M
10.902 Soil and Water Conservation $51,674
10.175 Farmers Market and Local Food Promotion Program $43,100
10.234 American Rescue Plan Technical Assistance Investment Program $20,500
10.331 Gus Schumacher Nutrition Incentive Program $8,589