Finding Text
Statement of Condition/Criteria: 2 CFR 200.512 outlines the reporting requirement for single audits, which states, in part: The 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). The audit for the year ended December 31, 2023 did not have the audit, data collection form, and the reporting package filed until after the nine-month deadline. Cause/Effect: Failure to properly file the audit, data colleciton form, and the reporting package prior to the nine-month deadline may result in a reduction of future funding. Recommendation: We recommend that Laketran review this matter with the Director Finance, and to establish procedures in order to allow for the timely completion of the audit so that the audit, data collection form, and the reporting package are filed prior to the nine-month deadline.