Finding Text
LATE FILING OF 2022 DATA COLLECTION FORM; CONDITION - THE YMCA IS NOT IN COMPLIANCE WITH THE ANNUAL FINANCIAL REPORTING REQUIREMENTS OF THE FEDERAL AUDIT CLEARINGHOUSE; CRITERIA - UNIFORM GUIDANCE REQUIRES ANNUAL REPORTING BY SPECIFIED DUE DATES AFTER THE YMCA'S YEAR-END. THE DUE DATES ARE THE SHORTER OF 30 DYAS AFTER THE RELEASE OF THE AUDITED FINANCIAL STATEMENTS BUT NO LATER THAN 9 MONTHS AFTER THE YMCA'S YEAR-END.; EFFECT - THE YMCA DID NOT MEET THE REPORTING REQUIREMENTS OF THE UNIFORM GUIDANCE.; RECOMMENDATION - THE YMCA SHOULD FILE THE 2022 DATA COLLECTION FORM AS SOON AS FEASIBLY POSSIBLE AND DEVELOP PROCEDURES TO ENSURE THAT THE UNIFORM GUIDANCE REPORTING REQUIREMENTS ARE MET.; VIEWS OF RESPONSIBLE OFFICIALS AND PLANNED CORRECTIVE ACTIONS - MANAGEMENT CONCURS WITH THE FINDING. THE YMCA NOW HAS PROCEDURES IN PLACE TO ENSURE THAT ALL UNIFORM GUIDANCE REPORTING REQUIREMENTS ARE MET FOR THE DECEMBER 31, 2023, FINANCIAL STATEMENT AUDIT AND THE 2022 DATA COLLECTION FORM WILL BE FILED AS SOON AS FEASIBLY POSSIBLE.