Finding Text
Finding No. 2023-001: Prior Year Reporting Package and Data Collection Not Filed Timely
a. The Byrne Manor Housing Development Fund Company, Inc. June 30, 2022 reporting package and data collection form was not filed with the Federal Audit Clearinghouse on time.
b. Criteria: 2 CFR section 200.512(a)(1) requires the reporting package and data collection form to be submitted to the Federal Audit Clearinghouse the earlier of 30 days after the reports are received from the auditors or nine months after the end of the audit period.
c. Effect of condition: The effect is that the project would not be considered a "Low Risk Auditee" for at least the fiscal years ending June 30, 2023 and June 30, 2024. This designation will require the auditor to audit at least 40% of the project's programs as Major programs until such time that the project may be considered a “Low Risk Auditee” again.
d. Cause of condition: The reporting package and data collection form was submitted to the Federal Audit Clearinghouse 262 days late due to management not monitoring CPA firm to enter data in data collection form as agreed upon resulting in a late filing. The form was submitted on December 18, 2023.
e. Recommendation: We recommend that management implement procedures to ensure that reporting packages and data collection forms are filed timely in the future.
f. Views of responsible officials and planned corrective actions: Byrne Manor agrees with the finding and the auditor’s recommendations have been adopted.