Finding Text
CRITERIA The Campus is required to report cumulative program outlays and program income on the Federal Financial Report, SF-425. Quarterly and semi-annual reports are required to be submitted no later than 30 days after the end of each reporting period. CONDITION Federal Financial Reports SF-425 were not always submitted on a timely basis. CAUSE The Campus’s procedures were not always followed due to turnover at the Campus. EFFECT The Campus was not always in compliance with federal regulations and guidelines for SF-425 submission. CONTEXT The second and fourth quarter Federal Financial Report, SF-425 was not filed within 30 days of the end of the reporting period.