FAC Explorer

Finding 751 (2022-005)

Significant Deficiency
Requirement
L
Questioned Costs
-
Year
2022
Accepted
2023-10-26
Audit: 1411
Organization: Downeast Transportation, Inc. (ME)
Auditor: Edwards Faust & Smith

AI Summary

  • Core Issue: The reporting package and data collection form were submitted 13 months after the fiscal year-end, which is 4 months late.
  • Impacted Requirements: This violates 2 CFR section 200.512(a), which mandates timely submission within 30 days of receiving auditor reports or within nine months post-audit period.
  • Recommended Follow-Up: Implement a tracking system to ensure timely submissions in the future and review processes to avoid delays.

Finding Text

2 CFR section 200.512(a) requires the reporting package and data collection form to be submitted to the Federal Audit Clearinghouse the earlier of 30 calendar days after the reports are received from the auditor or nine months after the end of the audit period. The June 30, 2022 Single Audit reporting package and data collection form was filed thirteen (13) months after the fiscal year-end. Four months late.

Corrective Action Plan

The organization has made various changes to personnel within the Finance Department as well as outsourcing of Finance Director duties to an outside CPA firm. These changes have streamlined the accounting process which will enable the year-end financial statements to be completed and forwarded to the auditor in a timely fashion. The audit for the year ended June 30, 2023 has already been scheduled and will begin during the week of October 23, 2023. This timeline will ensure that the Single Audit reporting package and data collection form can be submitted well in advance of the due date.

Categories

Reporting

Other Findings in this Audit

  • 747 2022-001
    Significant Deficiency
  • 748 2022-002
    Significant Deficiency
  • 749 2022-003
    Significant Deficiency
  • 750 2022-004
    Significant Deficiency
  • 577189 2022-001
    Significant Deficiency
  • 577190 2022-002
    Significant Deficiency
  • 577191 2022-003
    Significant Deficiency
  • 577192 2022-004
    Significant Deficiency
  • 577193 2022-005
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
15.954 National Park Service Conservation, Protection, Outreach, and Education $1.60M
20.526 Buses and Bus Facilities Formula, Competitive, and Low Or No Emissions Programs $1.50M
20.500 Federal Transit_capital Investment Grants $46,573
20.520 Paul S. Sarbanes Transit in the Parks $6,431
20.509 Formula Grants for Rural Areas and Tribal Transit Program $2,204