Finding Text
Finding 2021-001 Significant Deficiency in Internal Control over Compliance, Noncompliance-Reporting
Award Year Agency and Pass-through Entity Grant Title Grant Number Assistance Listing Number
2020 U.S. Department of Treasury COVID-19 CARES Act SLT0808 21.019
2006/2016
U.S. Department of Housing
and Urban Development Title VI – Loan Guarantees TVI-022-000150
TVI-022-000043 14.869
Criteria or Specific Requirements - The Council is required to submit the single audit report and Form SF-SAC within nine months of the fiscal year end or by any Office of Management and Budget extended deadlines.
Condition- The Form SF-SAC for the fiscal year ended December 31,2021 was not filed on time
Cause- The audit was not completed in time to file the form, due to a delay in closing books and records.
Effect or Potential Effect- The Council was not able to file the Form SF-SAC by the required time.
Questioned Costs- None
Context- The Form SF-SAC is due nine months after the fiscal year end. The form for the fiscal year ended December 31,2020 was filed late.
Identification as a repeat finding- Yes, this is a repeat finding of 2020-001
Recommendation- We recommend the Council implement internal control procedures to ensure timely closing of books and records to ensure timely submission of the Form SF-SAC in the future.
Views of Responsible Officials -Management concurs with the findings. Management has implemented new processes to ensure timely reconciliations and closing of the books.