Finding 6648 (2023-002)

Condition - The Company has not submitted Form SF-SAC to the Federal Audit Clearinghouse for the year ended March 31, 2022. Criteria - According to Uniform Guidance compliance requirements, the audit package and the data collection form shall be submitted 30 days after receipt of the auditor's report, or 9 months after the end of the fiscal year, whichever comes first. However, due to the fact that the Federal Audit Clearinghouse was shutdown, an extension was granted for submissions to be made up to 9 months after the end of the fiscal year. Effect - The Company was not in compliance with the above Uniform Guidance compliance requirement. Cause - The submission of Form SF-SAC was not submitted due to the shutdown of the Federal Audit Clearinghouse and did not meet the 9 months after the end of the fiscal year date. Recommendation - We recommend that the submission of Form SF-SAC to the Federal Audit Clearinghouse for the year ended March 31, 2022 be done as soon as possible. Management’s Reply - Management will submit Form SF-SAC to the Federal Audit Clearinghouse for the year ended March 31, 2022 by March 31, 2024.