Finding Text
Finding 2022-002 Information on the Federal Program: Assistance Listing Number 81.121 ? Nuclear Energy Research, Development and Demonstration, United States Department of Energy. Compliance Requirement: Reporting. Type of Finding: Noncompliance Criteria: The regulations 45 CFR Part 75, Subpart F, requires a non-federal entity that spends $750,000 or more in Federal awards during their fiscal year to complete an audit under Uniform Guidance and submit related reports to the Federal Audit Clearinghouse within the earlier of 30 calendar days after receipt of the auditor?s report or nine months after the end of the audit period. Condition: For the years ended June 30, 2022 and 2021, the Foundation expended more than $750,000 in federal awards and did not submit their single audit and related reports to the Federal Audit Clearinghouse by their respective due dates of March 31, 2023 and 2022. Cause: Audits were not conducted timely in order for the information to be submitted on time. Effect or Potential Effect: Potential to not be eligible to receive federal assistance in the future.Context: The Foundation did not complete and submit their single audit to the Federal Audit Clearinghouse in a timely manner for each of the fiscal years ended June 30, 2022 or 2021. Recommendation: The Foundation should implement proper accounting policies and procedures to help facilitate the timely completion of the single audit and submission of related reports.