Agenda - Council - 08/24/1982 - Laserfiche WebLink

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I I I I I I OFFICE OF THE SECRETARY OF THE TREASURY WASHINGTON, D.C. 20226 DIRECTOR OFF[CE OF REVENUE 240t E ~TR-£[T, N W COLUMBIA PLAZA August 4/ 1~82 RE: Audit 21 Dear Chief Executive Officer: Our records indicate that your government fully satisfied the audit requirements of the Revenue Sharing Act with reports submitted for your fiscal year 1978. Section 123(c)(1) of the Act states that these requirements are to be met "not less often than once every three years." Accordingly, an acceptable financial audit of all funds and an acceptable compliance audit of Revenue Sharing entitlements is required to be filed for your government's 1981 fiscal year. I I I !1 I Audit reports are normally due no later than eight months after the end of your fiscal year. To date, we have not received the necessary reports, nor have we been advised, if applicable, by your State agency, that it has received the reports. Therefore, your government is either currently in a delinquent status or will be in a delinquent status after the end of this month. Delay of your October payment is currently being considered as a result of failure to file the above mentioned reports. If your payment is delayed, it will not be considered for release until the next regularly scheduled quarterly payment in January. The reports should be filed with the Office of Revenue Sharing or your State agency if that is your normal procedure. In order to qualify for the October payment, the required reports must be received by September 3, 1982. If the reports are filed with your State agency, you should take steps to ensure that the State advises ORS that they have received the reports by the September 3 deadline. I If any clarification is required, please do not hesitate to contact our Audit Division at (202) 634-5230. Please use your General Revenue Sharing account number on all correspondence. I Sincerely, i Michael F. Hill