THE CENTER FOR PROGRESS AND EXCELLENCE, INCNon-Profit

Federal Single Audit Submitted Later Than Nine (9) Months After Year End. Criteria: The Federal Single Audit Act requires submission of the single audit no later than nine (9) months after the respective year end. Condition: The Center for Progress and Excellence, Inc. (CPE) did not submit its Federal Single Audit within nine (9) months of year end. However CPE intends to submit its Federal Single Audit within eleven (11) months of the respective year end. Cause: CPE was delayed in its effort to timely report due to multiple hurricanes. In addition, the Single Audit was required as a result of accepting these grants and operating a new program. The related operations and reporting requirements were much more time consuming and burdensome than expected. The respective program was closed March 31, 2024. The Single Audit for the year ended September 30, 2023, was the first Federal Single Audit for CPE. Effect: This Single Audit is being submitted later than nine (9) months after year end. Recommendation: We recommend CPE start, complete and submit the annual single audit prior to the reporting deadline. We also recommend that CPE ensure all staff and consultants are aware of the deadline. Plan of Corrective Action: CPE will initiate the audit process earlier next year. The books will be closed within 30 days of the year-end, and the audit team will be promptly informed to begin the process so that the results are timely and meaningful.