SOUTH CENTRAL DAKOTA REGIONAL COUNCILNon-Profit

2022-003 Compliance and Internal Control Finding - Economic Adjustment Assistance ? Economic Development Administration (11.307) Reporting Criteria The Council is required to an ED-209 report to the Economic Development Administration on a semiannual basis. Certain key line items on the reports should match the accounting records of the Council. Condition The Cash Available for Lending line on the ED-209 report for the period ending March 31, 2022 did not match the cash available on the Council?s accounting records. Cause The Council was using a different means of calculating the amount of cash available for lending. Effect The key line item of cash available for lending on the ED-209 report did not match the Council?s accounting records. Recommendation We recommend that the Council ensures that all key line items in the ED-209 report match the accounting records of the Council before submission. Views of Responsible Officials and Planned Corrective Actions The Council recognizes the deficiency and will immediately take the appropriate steps to ensure accurate reporting going forward. See corrective action plan item 2021-003. Indication of repeat finding This is a repeat finding. See finding 2021-003.

Compliance and Internal Control Finding 2021-003 - Economic Adjustment Assistance ? Economic Development Administration (11.307) Reporting Criteria The Council is required to an ED-209 report to the Economic Development Administration on a semiannual basis. Certain key line items on the reports should match the accounting records of the Council. Condition The Cash Available for Lending line on the ED-209 report for the period ending 3-31-21 did not match the cash available on the Council?s accounting records. Cause The Council was using a different means of calculating the amount of cash available for lending. Effect The key line item of cash available for lending on the ED-209 report did not match the Council?s accounting records. Recommendation We recommend that the Council ensures that all key line items in the ED-209 report match the accounting records of the Council before submission. Views of Responsible Officials and Planned Corrective Actions The Council recognizes the deficiency and will immediately take the appropriate steps to ensure accurate reporting going forward. See corrective action plan item 2021-003. Indication of repeat finding This is a not a repeat finding.

2020-003: Significant Deficiency: Data Collection Form Federal Program: All Federal Programs Criteria As a matter of grant compliance, the data collection form and reporting package must be submitted to the Federal Clearinghouse within 30 days after the receipt of the auditor?s report or within nine months after the end of the audit period. Condition The 2019 data collection form was filed on January 17, 2020, which is after the nine-month deadline. Cause The Corporation?s audit was not submitted timely due to a weather storm in late December that limited travel of Corporation?s employees. Effect The Corporation?s single audit not being completed in a timely manner. Questioned Costs None Indication of Repeat Finding Not a Repeat finding. Recommendation We recommend the Corporation take the necessary procedures to ensure that future single audits are completed within the required time periods of the Uniform Guidance. View of Responsible Officials and Planned Corrective Actions The Council will put controls in place to ensure the timely filing of the data collection form to the Federal Audit Clearing House.

Criteria - The Council must submit an ED-209 form to the EDA on a semi-annual basis (for the six months ending September 30 and March 31) each year. Condition - Several key line items on the ED-209 report submitted by the Council for the six months ending March 31, 2019 did not reconcile back to the Council's trial balance or other records. Questioned Costs - None. Cause - The Council did not reconcile the report back to the accounting records prior to submission. Effect - The Council is not in compliance with reporting for the Revolving Loan Funds. Recommendation - We recommend procedures and controls over submission of the Form ED-209 be implemented to ensure accurate reporting. Views of responsible officials and Planned Corrective Actions - The Council is working to put controls in place to better monitor the submission. Indication of repeat finding - This is not a repeat finding.