Finding Text
Finding 2022-004 Deadline for Federal Single Audit – Reporting - Noncompliance and
Material Weakness in Internal Control Over Compliance
Agency U.S. Department of the Treasury
Assistance Listing
Numbers (ALN) 21.027
Program Name COVID-19 - Coronavirus Local Fiscal Recovery Fund
Award Year FY 2022
Pass-Through Agency State of Alaska Department of Commerce, Community, and Economic
Development
Pass-Through Entity
Identifying Number
AK0049
Criteria or Specific
Requirement
2 CFR 200.512, Report Submission, establishes that the audit shall be
completed and the data collection form and reporting package submitted to
the Federal Audit Clearinghouse (FAC) within the earlier of 30 days after
receipt of the auditor's report or 9 months after the end of the audit period,
unless a longer period is agreed to in advance by the cognizant or oversight
agency for audit, and any extensions granted by the Office of Management
and Budget.
Condition The City did not comply with the required submission date of the data
collection form and reporting package to the FAC for the fiscal year ended
June 30, 2022.
Cause The City did not have controls in place to ensure the audit was completed
timely so that the reporting package could be submitted to the FAC within
the required timeframe.
Effect or Potential
Effect
The City is not compliant with 2 CFR 200.512. The City could be exposed to
a reduction or elimination of funds by the Federal awarding agencies.
Questioned costs Not applicable.
Context This is a condition identified per review of the City's compliance with the
specified requirements.
Identification as a
repeat finding
Not a repeat finding.
Recommendation We recommend the City establish controls to ensure the audit is completed
timely and the reporting package is submitted to the FAC within the required
timeframe. Views of
Responsible
Officials
Management agrees with this finding. Management has developed internal
deadlines to ensure the FY24 financial statements will be completed within
the appropriate reporting deadlines.