Audit 11209

FY End
2022-06-30
Total Expended
$819,802
Findings
6
Programs
3
Year: 2022 Accepted: 2024-01-12
Auditor: Greenwalt CPAS

Organization Exclusion Status:

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Findings

ID Ref Severity Repeat Requirement
8368 2022-003 Material Weakness - P
8369 2022-004 Material Weakness - I
8370 2022-005 Significant Deficiency - B
584810 2022-003 Material Weakness - P
584811 2022-004 Material Weakness - I
584812 2022-005 Significant Deficiency - B

Programs

ALN Program Spent Major Findings
84.282 Charter Schools $635,116 Yes 3
84.425 Education Stabilization Fund $76,464 - 0
10.555 National School Lunch Program $69,545 - 0

Contacts

Name Title Type
SWV6H3FCANC4 Yvonne Bullock Auditee
3175562307 Amanda Meko Auditor
No contacts on file

Notes to SEFA

Title: Basis of Presentation Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: Y Rate Explanation: The School has elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance except for federal awards granted by the US Department of Education. The US Department of Education requires a de minimis indirect cost rate of 8-percent. The accompanying schedule of schedule of expenditures of federal awards (the "Schedule") includes the federal award actiity of the School under programs od the federal gocernment for the year ended June 30, 2022 The information in this Schedule is presented in accordance with the requirements of Title 2 U.S Code if Federal Regulations Part 200. Uniform Administratice Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Scool, it tis not intended to and does not present the financial position, changes in net assets, or cash flows of the Schools.

Finding Details

Identification of federal program: US DEPARTMENT OF EDUCATION passed through the Indiana Department of Education: Charter Schools Program 84.282A. See finding in Section B. Criteria : According to 2 CFR Subpart F Section 200.510b, the auditee must prepare a Schedule of Expenditures of Federal Awards (SEFA) for the period that includes all amounts spent on federal programs during the reporting period. Condition : The SEFA under-reported the expenditures for Charter Schools Program (CSP) by $24,206. Cause : The School prepared the SEFA based on the federal revenue recorded, rather than the actual federal expenditures incurred. Effect : An audit adjustment of $24,206 was made to increase the federal expenditures reported on the SEFA for the CSP program. Questioned costs: none. Context: $24,406 out of $635,116 total program expenditures were omitted from the SEFA. Recommendation : We recommend that the School implement procedures whereby the SEFA is prepared based on federal expenditures incurred on a GAAP basis. View of responsible officials : See attached corrective action plan.
Identification of federal program: US DEPARTMENT OF EDUCATION, passed through the Indiana Department of Education, Charter Schools Program 84.282A Criteria : In accordance with CFR 200.318(i), the non-federal entity must maintain records sufficient to detail the history of procurement. These records will include, but are not necessarily limited to, the following: Rationale for the method of procurement, selection of contract type, contractor selection or rejection, and the basis for the contract price. In addition, in accordance with CFR 200.318(a) the non- federal entity must have and use documented procurement procedures consistent with federal procurement standards. Condition: Expenditures tested that met the small purchase threshold (purchases with a cost between $10,000 and $250,000) did not have documentation detailing the history of procurement. Cause : The School does not have procurement policies that follow federal guidelines, specifically 2 CFR 200.320 Methods of procurement to be followed. Effect : Property and equipment additions made using federal funds during the year did not have appropriate a support showing procurement policies were followed. Questioned costs: $83,864 Context: Two out of two purchases tested for procurement did not follow federal procurement methods. Recommendation : We recommend that the School institute procurement policies whereby acquisitions follow appropriate procurement steps as required by 2 CRF 200.350 and documentation of procurement decisions is maintained. View of responsible officials : See attached corrective action plan
Identification of federal program: US DEPARTMENT OF EDUCATION, passed through the Indiana Department of Education, Charter Schools Program 84.282A Criteria : In accordance with 2 CFR 200.403(g), costs must be adequately documented in order to be allowable under Federal awards. Condition : The School was unable to provide documentation for three (3) out of sixty (60) non-payroll expenses. Cause : The School failed to follow its own policies for documentation of expenses and document retention. Effect: The costs were not allowable under the Federal award because they were not adequately documented. Questioned costs: $2,412. Context: Three (3) out of sixty (60) non-payroll expenditures tested did not have original invoice or payment support. Recommendation : We recommend the School implement a document retention system whereby invoices and payment support are retained for the appropriate time period. Recommendation : We recommend the School implement a document retention system whereby invoices and payment support are retained for the appropriate time period. Views of Responsible Officials: See attached Corrective Action Plan.
Identification of federal program: US DEPARTMENT OF EDUCATION passed through the Indiana Department of Education: Charter Schools Program 84.282A. See finding in Section B. Criteria : According to 2 CFR Subpart F Section 200.510b, the auditee must prepare a Schedule of Expenditures of Federal Awards (SEFA) for the period that includes all amounts spent on federal programs during the reporting period. Condition : The SEFA under-reported the expenditures for Charter Schools Program (CSP) by $24,206. Cause : The School prepared the SEFA based on the federal revenue recorded, rather than the actual federal expenditures incurred. Effect : An audit adjustment of $24,206 was made to increase the federal expenditures reported on the SEFA for the CSP program. Questioned costs: none. Context: $24,406 out of $635,116 total program expenditures were omitted from the SEFA. Recommendation : We recommend that the School implement procedures whereby the SEFA is prepared based on federal expenditures incurred on a GAAP basis. View of responsible officials : See attached corrective action plan.
Identification of federal program: US DEPARTMENT OF EDUCATION, passed through the Indiana Department of Education, Charter Schools Program 84.282A Criteria : In accordance with CFR 200.318(i), the non-federal entity must maintain records sufficient to detail the history of procurement. These records will include, but are not necessarily limited to, the following: Rationale for the method of procurement, selection of contract type, contractor selection or rejection, and the basis for the contract price. In addition, in accordance with CFR 200.318(a) the non- federal entity must have and use documented procurement procedures consistent with federal procurement standards. Condition: Expenditures tested that met the small purchase threshold (purchases with a cost between $10,000 and $250,000) did not have documentation detailing the history of procurement. Cause : The School does not have procurement policies that follow federal guidelines, specifically 2 CFR 200.320 Methods of procurement to be followed. Effect : Property and equipment additions made using federal funds during the year did not have appropriate a support showing procurement policies were followed. Questioned costs: $83,864 Context: Two out of two purchases tested for procurement did not follow federal procurement methods. Recommendation : We recommend that the School institute procurement policies whereby acquisitions follow appropriate procurement steps as required by 2 CRF 200.350 and documentation of procurement decisions is maintained. View of responsible officials : See attached corrective action plan
Identification of federal program: US DEPARTMENT OF EDUCATION, passed through the Indiana Department of Education, Charter Schools Program 84.282A Criteria : In accordance with 2 CFR 200.403(g), costs must be adequately documented in order to be allowable under Federal awards. Condition : The School was unable to provide documentation for three (3) out of sixty (60) non-payroll expenses. Cause : The School failed to follow its own policies for documentation of expenses and document retention. Effect: The costs were not allowable under the Federal award because they were not adequately documented. Questioned costs: $2,412. Context: Three (3) out of sixty (60) non-payroll expenditures tested did not have original invoice or payment support. Recommendation : We recommend the School implement a document retention system whereby invoices and payment support are retained for the appropriate time period. Recommendation : We recommend the School implement a document retention system whereby invoices and payment support are retained for the appropriate time period. Views of Responsible Officials: See attached Corrective Action Plan.