Finding 79315 (2022-003)

- Repeat Finding
Requirement
P
Questioned Costs
-
Year
2022
Accepted
2022-10-17
Audit: 71648
Organization: Charles Place Apartments (IL)
Auditor: Wade Stables PC

AI Summary

  • Core Issue: The audit for the year ended June 30, 2019, was not submitted to the Federal Audit Clearinghouse by the required deadline.
  • Impacted Requirements: This late submission violates federal law (2 CFR 200.512) and increases the risk for single audit testing.
  • Recommended Follow-Up: Ensure timely and accurate filings moving forward, and resolve outstanding issues for the 2019 audit.

Finding Text

The Single Audit Reporting Package including the Data Collection Form is required to be submitted to the Federal Audit Clearinghouse nine months after the end of the audit period. Condition: During the course of our audit, we noted the audit for year ended June 30, 2019, has still not been submitted to the Federal Audit Clearinghouse. The required extended due date was September 30, 2020. Cause: It appears the required information was not available to be submitted to the Clearinghouse in a timely manner. Effect: Late submissions indicate an elevated risk for the entity for single audit testing purposes. It also indicates noncompliance with federal law (2 CFR 200.512). Recommendation: The Project should ensure that all filings are done timely and accurately. We recommend the Project continue to try to resolve the required filings for the fiscal year ended June 30, 2019. Response: We concur with this finding. The board has approved use of a new auditing firm which has improved the timeliness of the audit. The FY22 audit will be planned to be completed and submitted in the correct time frame. See Corrective Action Plan.

Corrective Action Plan

Finding 2022-003 - Single Audit Reporting Package Submission (Repeat Finding) Responsible Person, Title: Vanessa Keppner, Board Secretary/Treasurer Anticipated Completion Date: Response: We concur with this finding. The board has approved use of a new auditing firm which has improved the timeliness of the audit. The FY21 audit will be planned to be completed and submitted in the correct time frame. Vanessa Keppner Secretary/Treasurer

Categories

Reporting

Other Findings in this Audit

  • 79314 2022-002
    Significant Deficiency Repeat
  • 655756 2022-002
    Significant Deficiency Repeat
  • 655757 2022-003
    - Repeat

Programs in Audit

ALN Program Name Expenditures
14.157 Supportive Housing for the Elderly $2.20M
14.195 Section 8 Housing Assistance Payments Program $73,951