Finding Text
Criteria: In accordance with 2CFR Section 200.512(a), the reporting package must be submitted the earlier of thirty calendar days after receipt of the auditor's report or nine months after the end of the audit period. The single audit reporting package includes the Township's financial statements, schedule of expenditures of Federal awards, the auditor's report, and the other items. Condition: The submission of the Data Collection Form to the Federal Audit Clearing House was not completed by its required due date. Cause: Management of the Township was not aware that a Single Audit was required. Effect: The Township was not in compliance with Federal Single Audit requirements. Recommendation: The Township should evaluate all grants received to identify Federal funding. Expenditures of Federal grants should be tracked to ensure compliance with the audit requirement.