Finding Text
Criteria – Non-federal entities subject to Uniform Guidance requirements must submit their audited financial statements and federal award program data to the Federal Audit Clearinghouse by the earlier of 60 days after the date of the audit report or 9 months after the financial statement date (March 31, 2024). Condition – The District did not submit its audited financial statements and federal award program data by the due date. Effect – Noncompliance with the Federal Audit Clearinghouses requirements may result in drawdown restriction, withholding a percentage of federal funds, suspending federal funds, or terminating grants. Cause of Conditions – The District experienced high turnover in management which delayed the audit process. Recommendation – The District should file the data collection form with the Federal Audit Clearinghouse as soon as possible. Response – The District agrees with the recommendation.