COORDINATED BEHAVIORAL CARE IPA, INC.Non-Profit

Reporting Criteria: In accordance with the Uniform Guidance, annual audit reports of recipients of federal funds are required to be submitted to the Federal Audit Clearing House within the earlier of 30 days after the receipt of the audit report or nine months after the end of the audit period. Statement of Condition: CBC IPA did not submit its annual audit in accordance with the Uniform Guidance on a timely basis. Questioned Costs: None. Context: CBC IPA did not submit its annual audit on a timely basis. Cause: CBC IPA?s finance department was not able to reconcile individual accounts timely causing a delay in filing of the annual audit report. Effect: CBC IPA did not comply with the reporting requirements as per the Uniform Guidance. Identification as a Repeat Finding: Condition is not a repeat finding. Recommendation: We recommend that during the month-end financial statement close process, CBC IPA perform timely review and analyses of accounts to ensure timely reporting. Views of Responsible Official: This finding was corrected in February 2023 and a sustainable closing and review process will be in place by March 31, 2023. To stabilize the finance processes and controls, the CEO engaged an interim CFO while commencing on a permanent CFO search. The corrective action taken was that the Interim CFO will prioritize the completion of the FY21 audit report and prepare a corrective action plan to assure all financial reports are prepared timely.