Finding Text
Finding 2024-001
Deadline for Federal Single Audit – Noncompliance and Internal Control Over Compliance – Significant Deficiency
Agency
Department of Commerce
Pass-through Entity
National Oceanic and Atmospheric Association
Assistance Listing
11.472
Program
Research and Development Cluster
Award Year
2022-2024
Criteria
The Borough is required to submit the single audit report and Form SF-SAC
within nine months of the fiscal year end.
Condition
The Form SF-SAC for the fiscal year ended June 30, 2024 was not filed on
time.
Cause
The audit was not completed in time to file the form, due to a delay in
closing the books and records.
Effect or potential effect
The Schedule of Expenditures of Federal Awards were not available in a
timely manner in order to allow for timely submission of Form SF-SAC.
Questioned costs
None noted.
Context
The Form SF-SAC is due nine months after the fiscal year end. The form for
the fiscal year ended June 30, 2024 was filed late.
Identification as a repeat finding
No
Recommendation
We recommend the Form SF-SAC is filed timely in the future.
Views of
responsible officials
Borough management acknowledges that the SF-SAC was filed late for
Fiscal Year 2024 due to unforeseen financial reporting issues. As those
reporting issues have been resolved, we do not anticipate any such issues
for Fiscal Year 2025.