Finding Text
Criteria
Uniform Guidance requires non-federal entities to submit performance and financial reports to the federal awarding agency, ensuring these reports are accurate, complete, and submitted in a timely manner.
Context
The Organization did not submit required reports in accordance with the Uniform Guidance. Specifically, we noted the following deficiencies in our testing:
- One financial report was not submitted timely.
- Two financial reports lacked complete and accurate information. Information was corrected in the subsequent quarterly financial reports.
Cause
Lack of understanding and awareness of specific reporting deadlines and requirements.
Effect
Failure to comply with reporting requirements can result in non-compliance with federal award terms, which may lead to questioned costs, potential withholding of future funds, or other administrative actions by the federal awarding agency.
Questioned Cost:
None
Recommendation
We recommend that management review its reporting procedures to ensure compliance with the reporting requirements of the Uniform Guidance. Management should establish a calendar of all reporting deadlines to ensure timely submission of required reports. Management should review internal controls surrounding the preparation and review of financial and performance reports to ensure reports are complete and accurate. Management should regularly review the terms and conditions of federal awards to ensure all reporting requirements are met.
Views of Responsible Officials and Planned Corrective Actions
See Correction Action Plan.