Finding Text
Condition Found: The reporting package and data collection form for the 2021 audit was not filed by the September 30, 2022 deadline. Effect: NCST is in violation of 2 CFR Section 200.512(a). Cause: In 2021 NCST’s expenditure of federal awards exceeded $750,000 for the first time, and so a single audit was required. The financial records were not ready for this audit to be begun and completed in time to meet the required reporting deadline. Criteria: Uniform Guidance and 2022 Compliance Supplement, 2 CFR Section 200.512(a) requires the reporting package and data collection form to be submitted to the Federal Audit Clearinghouse by the earlier of 30 calendar days after the reports are received from the auditor, or nine months after the end of the audit period. Recommendation: NCST should ensure that its records are completed and reconciled in a timely manner, so that the single audit can be performed and completed on time, and the reporting package and data collection form can be submitted before the deadline. View of Responsible Officials: The organization has since enhanced its fiscal and financial policies, hired and continues to recruit qualified staff in the finance department, and has improved the timelines of preparing the financial statements for the following fiscal year.