Finding Text
Finding 2022-003 Internal Control/Noncompliance Over Reporting Federal Agency: U.S. Department of the Treasury Federal Program: Coronavirus State and Fiscal Local Recovery Funds ALN: 21.027 Award Numbers: None Award Years: 2021 Type of Finding: Material weakness in internal control over compliance and material noncompliance. Criteria: In accordance with the grant agreement and compliance supplement, the Association must submit a report for period ending March 31 within 30 days. Condition and Context: The Association did not submit the required report by the deadline. Cause: Lack of internal control over reporting. Effect: The Association is not in compliance with reporting requirements specified for the program. This could result is the loss of funding in future periods. Questioned Costs: None noted. Repeat Finding: This is not a repeat finding and is considered an isolated incident. Recommendation: We recommend that management complies with all reporting requirements. Management?s Response: Management agrees with this finding. See Corrective Action Plan.