Issue: The audit for the year ending June 30, 2024, was not submitted on time.
Trend: This delay indicates a potential pattern of missed deadlines that could affect compliance.
Follow-up: Ensure timely submission of future audits and review processes to avoid similar issues.
Finding Text
The audit for the year ended June 30, 2024 was not completed and submitted to the FAC by the required deadline of March 31, 2025
Corrective Action Plan
Margaret McCowen The NMBHPA Executive Director and Board Treasurer will annually review all audit requirements to ensure compliance with 200 CFR Subpart F. This review will take place during the annual budget preparation process for the upcoming fiscal year and responsibility for meeting the requirements will be assigned as a performance goal to the Executive Director