Finding Text
Finding 2024-001: Reporting Requirements
Statement of Condition
Grand Prairie Services and Affiliates did not submit its audited financial statements, SEFA, and other required information to the Federal Audit Clearinghouse by the required due dates.
Criteria
Grand Prairie Services and Affiliates is required to submit audited financial statements, a schedule of expenditures of federal awards (SEFA) and single audit reports to the Federal Audit Clearinghouse. All items are required to be submitted to the Federal Audit Clearinghouse within nine (9) months after Grand Prairie Services and Affiliates’s fiscal year-end.
Effect
Noncompliance with financial reporting deadlines could cause funding sources for Grand Prairie Services and Affiliates to suspend funding until compliance is achieved.
Cause
The audit work extended beyond the federal single audit deadline due to delays in starting the audit work because of turnover and prior year audit delays.
Questioned Costs
None noted.
Recommendation
We recommend that Grand Prairie Services and Affiliates begin the audit earlier in order to avoid this issue going forward.
Auditor Noncompliance Code
S – Internal Control Deficiencies
View of Responsible Officials
Management concurs with the finding and notes that the Organization has hired the appropriate staff and service organizations to complete the audit in a timely manner.