Finding Text
Finding 2022-002: Significant Deficiency in Internal Control over Compliance, Noncompliance –
Reporting
Agency U.S. Department of Energy and the Denali Commission
Award number DE-IE0000098 and Various Denali Commission Awards
Assistance listing
number:
81.087 and 90.100
Program names: Research and Development Program Cluster: Renewable Energy Research and
Development and Denali Commission Programs
Criteria: Alaska Village Electric Cooperative, Inc. and Subsidiary is required to submit
the single audit report and Form SF-SAC within nine months of the fiscal year
end.
Cause: The single audit was not completed in time to file the form, due to a delay
in preparation of records.
Effect or
potential effect:
Alaska Village Electric Cooperative, Inc. and Subsidiary was not able to file
the Form FS-SAC by the required time.
Questioned Costs: None
Context: The Form SF-SAC is due nine months after the fiscal year-end. The form for
the fiscal year ending December 31, 2022 was filed late.
Identification as a
repeat finding:
Not applicable, not a repeat finding
Recommendation: We recommend Alaska Village Electric Cooperative, Inc. and Subsidiary
implement internal controls and procedures to ensure single audit records
are timely prepared and reconciled to ensure timely submission of the form
SF-SAC in the future.
View of
responsible
Officials:
Management acknowledges the observed recommendation. Management will
ensure timely preparation and reconciliation of audit schedules related to
single audit to ensure timely reporting.