Finding Text
2022-001 Compliance Over Timely Report Submissions
Federal Agency: U.S. Department of Agriculture
Federal Program: 10.766, Rural Development, Community Facilities Direct Loan
Criteria or Specific Requirement - 45 CFR § 75.512, Report Submission, requires completion of an audit and submission of the data collection form and reporting package within the earlier of thirty calendar days after receipt of the auditors’ report, or nine months after the end of the audit period.
Condition - The audit and data collection form are being submitted after the required due date.
Cause - The Organization did not maintain appropriate levels of staff to ensure compliance with regulatory filing requirements.
Effect - Noncompliance with the requirements of 45 CFR § 75.512. There is a potential for suspension or cessation of federal funding under the federal award.
Questioned Cost - To be determined by the grantor.
Context - We reviewed the audit submission date in comparison to the required due date.
Repeat Finding - No
Recommendation - The Organization should take steps to ensure that its financial records are maintained on a current basis, reconciled timely, and audited within nine months after year-end.