Finding 570632 (2020-001)

SECTION III – FINDINGS AND QUESTIONED COSTS RELATED TO FEDERAL AWARDS 2020 - 001 - Compliance with Reporting Requirements of Single Audit - Material Weakness Condition: The Village failed to meet the required deadline for submitting the SF-SAC Single Audit Data Collection Form for the year ending December 31, 2020, to the Federal Audit Clearinghouse. Criteria: Per Uniform Guidance 2 CFR 200, the single audit reporting package, and the data collection form (SF- SAC) must be submitted to the Federal Audit Clearinghouse within 30 calendar days after receipt of the auditor's report(s), or 9 months after the end of the audit period, whichever comes first. Cause: All information required for the single audit was not available to complete within the required time frame. Effect: Late filings with the Federal Audit Clearinghouse affect the determination of the Village being considered a “low risk auditee” pursuant to OMB guidance. Auditor's Recommendation: We recommend the Village to meet the annual deadline. Management's Response: Yes, I am in agreement with the recommendation. As the new Manger coming on to the job in October of 2022, I am aware of this requirement and for the future years will comply with this requirement.