Finding Text
Criteria: 2 CFR Section 200.512 states the entity’s audit, the data collection form, and the reporting
package must be submitted within 30 calendar days after the auditee receives the auditor's report(s)
or nine months after the end of the audit period (whichever is earlier). Additionally, entities are
required to submit annual Federal Financial Reports within 90 days of the reporting period.
Condition: The Organization’s financial information for the periods ending December 31, 2021,
2022, and 2023, were not finalized in a timely manner. Each was finalized during July 2025, which
was after the reporting requirement for each period.
Cause: The Organization was unaware of the audit requirement. Prior to the March 2021 award,
the Organization was not subject to any reporting requirements.
Effect: Failure to timely submit reports results in noncompliance with reporting requirements.
Questioned Costs: None
Context: The Organization’s financial information was not finalized until July 2025, which was
after each period’s reporting requirement.