Finding Text
Criteria: The Borough is required to submit the single audit report package and Form SFSAC within nine months of the fiscal year end. For the fiscal year ended June 30, 2022 the due date for timely submittal of the single audit reporting package and Form SF-FAC was March 31, 2023. 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 turnover of Borough staff and third party accounting consultants there was a delay in the closing of the books and records. Effect: The Schedule of Expenditures of Federal Awards was not available in a timely manner in order to allow for timely submission of the Form SF-SAC. Questioned Costs: No questioned costs were identified. Context: The fiscal year 2022 Form SF-SAC was due by March 31, 2023. The June 30, 2022 Form SF-SAC has not yet been filed. Recommendation: We recommend the Form SF-SAC be filed timely in the future. Views of responsible officials and planned corrective actions: See the corrective action plan.