Finding Text
Finding 2022-004: Financial Reporting Timeliness (Uniform Guidance Compliance) Criteria In accordance with 2 CFR section 200.512 of the Uniform Guidance, the audit must be completed and the data collection form and reporting package must be submitted to the Federal Audit Clearinghouse within the earlier of 30 calendar days after receipt of the auditor's report(s), or nine months after the end of the audit period. Condition The 2021 Single Audit reporting package and data collection form have not been submitted to the Federal Audit Clearinghouse by the deadline of March 31, 2023. Cause This is the first year the Organization has been subject to the Uniform Guidance reporting requirements. Effect The filing of the Single Audit Reporting package and data collection form is past the due date. Recommendation We recommend the Organization strive to close the year with properly prepared reconciliations within 3 - 4 months after year-end in order to complete the annual financial audit timely. Views of Responsible Officials The Organization agrees with the auditor's findings. We will coordinate in advance of the audit to make sure we have had our processes reviewed and confirmed to be in compliance with the Uniform Guidance, as well as, have ledgers, bank reconciliations, invoices and receipts properly organized. We will engage the auditor early as well to make sure we are on a path to submit documentation to the Federal Audit Clearinghouse before March 31, 2024.