Finding Text
Criteria: 2 CFR 200.36 of the Uniform Guidance requires the Authority to submit the audited financial statements to the Federal Audit Clearinghouse within 30 days of the completion of the audit, but no later than nine months from the conclusion of the fiscal year. Condition: The control deficiency exists due the audited financial statements not being submitted to the Federal Audit Clearinghouse until subsequent to the submission deadline Cause: The cause of the deficiency was related to internal delays resulting in the submission of the audited financial statements subsequent to the submission deadline Effect: The Authority is not in compliance with 2 CFR 200.36 of the Uniform Guidance. Recommendation: We recommend that the Authority review their procedures to ensure timely submission of the audited financial statements.