Finding Text
Statement of Condition:
The September 30, 2023, audited financial statements and data collection form for the Organization were not filed within the time required by Uniform Guidance.
Criteria:
Uniform Guidance requires that non-federal entities that expend more than $750,000 or more in a year in federal awards shall have a single audit conducted and Section .320 requires that the audit shall be completed, and the data collection form and reporting package shall be submitted within the earlier of 30 days after receipt of the auditors’ report or nine months after the end of the audit period.
Cause:
The Organization’s filing process to ensure timely filing of the data collection form and the financial statements was attributed to the delay of the audit due to the turnover of staff, thus causing a delay in the submission of the required reports.
Effect:
Late filing of the data collection form and reporting package will cause an auditee to be determined to be a “high-risk auditee” and could affect future federal grant funding.
Recommendation:
We recommend the Organization improve its year-end closing processes in order to meet all filing requirements.
Views of Responsible Officials and Planned Corrective Actions:
Management acknowledges the finding. The Organization's corrective action plan is included at the end of this report