Finding Text
Statement of Condition: The annual reporting package for the year ended June 30, 2022 has not been submitted to the Federal Audit Clearinghouse within the required time frame. Criteria: Uniform Guidance and Federal Audit Clearinghouse requirements require that non-federal entities transmit their annual reporting package to the Federal Audit Clearinghouse within the earlier of 30 days after receipt of the auditor’s report or nine months after the end of the audit period. Effect or Potential Effect: Noncompliance with Uniform Guidance and Federal Audit Clearinghouse requirements. Cause: Procedures in place were not adequate to ensure the timely submission of the reporting package. Recommendation: Annual reporting packages should be submitted to the Federal Audit Clearinghouse no later than March 31st of the subsequent year. Reporting Views of Responsible Official: We concur with Finding 2023-1. The Corporation has implemented procedures to ensure the timely completion and submission of the annual reporting package. Status: Open