Finding 587962 (2022-001)

Finding 2022-001 – Reporting – Significant Deficiency in Internal Controls over Compliance (See Schedule of Findings and Questioned Costs for table). Criteria – 45 CFR 75.501 requires a non-Federal entity that expends $750,000 or more during the non_x0002_Federal entity’s fiscal year in Federal awards must have a single or program-specific audit conducted for that year. Audits must be completed and submitted within 30 days after receipt of the auditor’s report, or nine months after the end of the audit period, whichever is earlier. Condition – LJMS did not submit a single audit in a timely manner to be following the audit requirement under 45 CFR 75.501. Context – LJMS did not meet its reporting deadline. Questioned Costs – None. Cause – LJMS was unable to meet the deadline due to certain delays in gathering the necessary documentation to complete audit process. Effect – Audit was not performed and submitted in a timely manner. LJMS has not met the reporting requirements under 45 CFR 75.501. Repeat Finding – This is not a repeat finding. Recommendation – We recommend that LJMS obtain a single audit for each year that it meets the audit requirement of 45 CFR 75.501. Management’s Response – LJMS will obtain single audits each year that it meets the audit requirement of 45 CFR 75.501.