Finding Text
Finding 2022-002: Late submission of single audit report package Federal Programs: All Federal Agencies in the SEFA Criteria Title 2, Subtitle A, Chapter II, Part 200 named ?Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards? Subpart F- Audit Requirements, under 200.512 ?Report Submission? states that the audit shall be completed and the Data Collection Form described in paragraph (b) of this section and reporting package described in paragraph (c) of this section shall be submitted to the Federal Clearinghouse designated by OMB within the earlier of 30 calendar days after receipt of the auditor's reports, or nine months after the end of the audit period. Condition The Municipality did not submit the single audit report and reporting package for the year ended June 30, 2022, to the Federal Audit Clearinghouse during the required submission deadline period. Cause Financial information contained in the Governmental-Wide and Governmental Funds Financial Statements was not available before the reporting package submission deadline. The financial information was provided after March 31, 2023. Effect The Municipality may be subject to additional compliance requirements imposed by the federal government such as the preparation and monitoring of a detailed audit submission schedule when requesting new loans or grant awards. Questioned Costs None Identification of a repeat finding None Recommendation We recommend that the Municipality should start the process of compiling and preparing the financial information to complete the Governmental-Wide and Governmental Funds Financial Statements and the Schedule of Expenditures of Federal Awards with enough time to assure that such information is available for the audit process, before March 31, and to provide it with enough time so the audit process can be completed before such due date. View of Responsible Official and Planned Corrective Action Plan Management concurs with the finding. Refer to the corrective action plan section of this report for details. Responsible Person Geavelis Perez Ruiz Finance Director Note: Mrs. Geavelis Perez Ruiz started as Finance Director on June 9, 2023, the Finance Director during the Single Audit period was Mr. Noe A. Ramirez Laracuente.