Finding Text
Category: Compliance
Compliance Requirement: Reporting
Criteria: 2 CFR §200.512 (a) (1) establishes that the audit must be completed and the data collection form described
in paragraph (b) of this section and reporting package described in paragraph (c) of this section must be submitted
within the earlier of 30 calendar days after receipt of the auditor's report(s), or nine months after the end of the
audit period.
Condition: The Authority did not submit the required data collection form and reporting package for the year ended June 30, 2023, within the required period.
Cause: Delay in the approval process of the basic financial statements and the Uniform Guidance Report.
Effects: Noncompliance with the requirements for reporting.
Questioned Costs: None.
Identification as a repeat finding: For fiscal year 2022, the finding 2022-01 was identified and it addressed the fact that the data collection form and reporting package was not submitted within the required period.
Recommendation: We recommend management to consider in its time schedule that appropriate time is assigned to the approval process.
Management’s response: Finding accepted. Management has in place all the internal controls needed to issue the Uniform Guidance report for the fiscal year ending on June 30, 2024, and subsequent years on time. Currently, management is working with the 2024 fiscal year financial statement audit and uniform guidance audit plan which take into consideration to issue those reports on or before March 31, 2025.