Finding Text
Finding 2022-004 Deadline for Federal Single Audit - Noncompliance and Internal Control Over Compliance ? Significant Deficiency Agency United States Department of Agriculture ALN 10.665 21.027 Program Name Schools and Roads Grants to States Coronavirus State and Local Fiscal Recovery Funds Award Year FY 2022 Criteria or Specific Requirement 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 this finding. Management will ensure Beginning balance reconciliations and year-end adjustments will be complete by September 5th, and will work with external auditors to have a financial statement draft prior to their fieldwork.