Finding Text
Finding 2022-002
Agency
Reporting - Deadline for Federal Single Audit - Noncompliance and
Internal Control over Compliance – Significant Deficiency
Department of the Treasury
Pass-through Entity State of Alaska Department of Commerce, Community and Economic
Development
Assistance Listing 21.019
Program Coronavirus Relief Fund – COVID-19
Award Year FY 2022
Criteria or specific
requirement
The City is required to submit the single audit report and Form SF-SAC within
nine months of the fiscal year end.
Condition The Form SF-SAC for the fiscal year ended June 30, 2022 was not filed on
time.
Cause The audit was not completed in time to file the form, due to a delay in
closing the books and records.
Effect or potential
effect
The Schedule of Expenditures of Federal Awards and related reports for
Uniform guidance were not available in a timely manner in order to allow
for timely submission of Form SF-SAC.
Questioned costs None
Context The Form SF-SAC is due nine months after the fiscal year end. The form for
the fiscal year ended June 30, 2022 was filed late.
Identification as a
repeat finding
No
Recommendation We recommend the Form SF-SAC is filed timely in the future.
Views of
responsible officials
Management is working with the external auditors to ensure that the books
and records will be closed in a timely manner to meet the deadline for filing
Form SF-SAC in the future.