Finding Text
Condition: The annual financial statements for the year ended June 30, 2024, were not filed by the required due date of March 30, 2025 to the Federal Audit Clearinghouse.
Criteria: In accordance with Uniform Guidance requirements, the audited financial statements must be completed and submitted to the Federal Audit Clearinghouse by March 30, 2025.
Cause: Overall significant turnover in the Finance Department caused the audit to be delayed.
Effect: The annual financial statements for the year ended June 30, 2024 were not submitted to the Federal Audit Clearinghouse in a timely manner.
Recommendation: We recommend that management ensure the Finance Department is comprised of individuals with the appropriate skills, knowledge and experience required to perform the accounting and finance duties on a timely basis. We also recommend that the Organization’s established accounting procedures are consistently followed to ensure the Organization’s accounts are reconciled timely and accurately.
Views of Responsible Officials and Planned Corrective Actions: The Organization has recently hired an outside consultant and is working on getting the Finance Department back on track.