Finding 950851 (2022-001)

Significant Deficiency
Requirement
L
Questioned Costs
-
Year
2022
Accepted
2024-03-07
Audit: 294047
Auditor: Seber Tans Plc

AI Summary

  • Core Issue: The Project failed to submit the 2022 single audit reporting package by the September 30, 2023 deadline.
  • Impacted Requirements: This noncompliance violates the Uniform Grant Guidance, Section 200.512, which mandates timely submission of audit reports.
  • Recommended Follow-Up: Enhance controls over financial reporting to ensure future compliance with submission deadlines.

Finding Text

2022-001 –Noncompliance with Program Reporting Requirements Condition and Criteria: The Project’s submission of the 2022 single audit reporting package was formally due to the Federal Audit Clearinghouse by September 30, 2023 but was not submitted by the due date. Under the Uniform Grant Guidance, Section 200.512, Report Submission, the audit must be completed and the data collection form must be submitted within the earlier of 30 calendar days of the auditor’s report or nine months after end of the audit period. Questioned Costs: None noted. Cause: The Project’s single audit was complete as of December 31, 2022, however, the submission to the Federal Audit Clearinghouse was missed in error. Effect: The Federal reporting package was not received timely by the Federal Audit Clearinghouse which could impact granting agencies. Recommendation: We recommend that the Project continue its efforts in improving controls over financial reporting to ensure timely filing of the single audit reporting package with the Federal Audit Clearinghouse. Management Response: The Project will establish and implement policies and procedures to monitor and ensure that management and staff timely respond to all audit requests.

Categories

Reporting

Other Findings in this Audit

  • 374409 2022-001
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
14.155 Mortgage Insurance for the Purchase Or Refinancing of Existing Multifamily Housing Projects $833,481
14.195 Section 8 Housing Assistance Payments Program $159,058
14.191 Multifamily Housing Service Coordinators $10,593