FAC Explorer

Finding 966393 (2022-001)

- Repeat Finding
Requirement
L
Questioned Costs
-
Year
2022
Accepted
2024-03-29
Audit: 300875
Organization: Foundation for Appalachian Kentucky INC (KY)
Auditor: 47-2880658

AI Summary

  • Issue: The Single Audit reporting package for 2022 was not submitted by the September 30, 2023 deadline.
  • Requirement: Compliance with 2 CFR Section 200.512(a) mandates submission within 30 days of receiving audit reports or by nine months post-audit period.
  • Follow-up: Ensure timely submission of future audit reports to avoid non-compliance.

Finding Text

Single Audit Submission Deadline Criteria or specific requirement: 2 CFR Section 200.512(a) requires the Data Collection form and Single Audit reporting package be submitted the earlier of 30 days after the reports are received from the auditors or nine months after the end of the audit period. Accordingly, the due date for the Single Audit submission for the year ended December 31, 2022, is September 30, 2023. Condition: The reporting package for the year ended December 31, 2022, was not submitted by the September 30, 2023, reporting deadline. Cause: The audit report on the financial statements for the year ended December 31, 2022, was issued subsequent to the September 30, 2023, deadline. Effect: The Organization is not in compliance with the provisions of 2 CFR Section 200.512(a) for the year ended December 31, 2022.

Categories

Reporting Special Tests & Provisions

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
23.011 Appalachian Research, Technical Assistance, and Demonstration Projects $133,226
10.175 Farmers Market and Local Food Promotion Program (b) $104,209
10.351 Rural Business Development Grant $104,022
94.006 Americorps $94,005
23.002 Appalachian Area Development $5,428