Finding Text
Finding 2022-005 Deadline for Federal Single Audit - Noncompliance and Internal Control over Compliance ? Significant Deficiency Agency Department of the Treasury Pass-through Entity State of Alaska Department of Commerce, Community and Economic Development Assistance Listing 21.019 Program Coronavirus Relief Fund ? COVID-19 Award Year FY 2022 Criteria The Borough is required to submit the single audit report and Form SF-SAC within nine months of the fiscal year end. Condition The Form SF-SAC for the fiscal year ended June 30, 2022 was not filed on time. Cause The audit was not completed in time to file the form, due to a delay in closing the books and records. Effect or potential effect The Schedule of Expenditures of Federal Awards were not available in a timely manner in order to allow for timely submission of Form SF-SAC. Questioned costs None Context The Form SF-SAC is due nine months after the fiscal year end. The form for the fiscal year ended June 30, 2022 was filed late. Identification as a repeat finding No Recommendation We recommend the Form SF-SAC is filed timely in the future. Views of responsible officials Management concurs with the finding and will submit the Form SF-SAC on time in the future