Finding Text
Criteria: An effective system of internal controls and monitoring compliance with federal guidelines should
provide reasonable assurance that financial reporting requirements comply with timeliness requirements.
Condition: During our audit, we noted the Baltimore Station, Inc. failed to timely file its annual Data
Collection Form.
Cause: The Station experienced turnover with personnel responsible for meeting financial reporting
deadlines. No backup or contingency plan was in place to ensure and execute timely filings.
Effect: The Station failed to meet its federal financial reporting deadline. Noncompliance can affect the
Statoin’s ability to obtain federal support for its programs.
Recommendation: Financial reporting requirements should be complied with including timely filings. A
contingency plan may be developed to prevent noncompliance in the future.
Management's Response: See Corrective Action Plan