Criteria: Under the Single Audit Act of 1996 and Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), §200.512, Report Submission, the Single audit reporting package is required to be filed within the earlier of 30 calendar days after receipt of the auditors' report, or 9 months after the end of the audit period.
Cause/Condition: Staffing shortages caused the delays in financial reporting. This deadline was not met on a timely basis for the year ended December 31, 2022.
Effect: As a result, the entity is not in compliance with §200.512 of the Uniform Guidance.
Repeat Finding: This is a repeat finding, it was previously reported as 2021-004.
Recommendation: We recommend the requirements of §200.512 of the Uniform guidance be adhered to by striving to have all information required for the audit available on a timely basis. This will help to ensure timely audit report issuance and compliance with the filing deadline.
Response: The City is still facing staffing shortages and is working to get the subsequent financial statements completed. It is expected the 2024 reporting package will be filed on time.
Corrective Action Plan: The City has hired a full complement of staff in the Finance department, and anticipates timely filings going forward.
Anticipated Completed Date: September 30, 2025.
Responsible Contact Person:
Elizabeth Greenwood, Director of Administration & Finance
City of Cortland, 25 Court Street, Cortland, NY 13045
(607) 758-8373