Finding Text
Condition: The City did not submit the required Single Audit package to the FAC in the required time period.Criteria: Management is responsible for providing timely and accurate financial information. Because the City expended over $750,000 in federal awards, Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (Uniform Guidance), requires non-federal entities to submit their financial statements and single audit reports to the Federal Audit Clearinghouse (FAC) within the earlier of 30 calendar days after receipt of the auditor's report(s), or nine months after the end of the audit period.Cause: The delay was a result of Findings 2022-001 and 2022-002 in which controls should be in place to ensure accurate and timely financial information is available for audit. Effect: The effect of the late FAC submission could cause a delay in the award and funding of future grant programs. The late submission also results in noncompliance with the Uniform Guidance, and increases the risk of fraud, waste, and abuse of federal funds.