FAC Explorer

Audit 14499

FY End
2023-06-30
Total Expended
$15.07M
Findings
2
Programs
14
Organization: Phillipsburg School District (NJ)
Year: 2023 Accepted: 2024-01-30
Auditor: Ardito & Company LLC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
10844 2023-001 - Yes N
587286 2023-001 - Yes N

Programs

ALN Program Spent Major Findings
84.425 Education Stabilization Fund $9.90M Yes 0
10.555 National School Lunch Program $1.48M - 1
84.027 Special Education_grants to States $1.06M Yes 0
84.010 Title I Grants to Local Educational Agencies $1.05M Yes 0
10.553 School Breakfast Program $524,172 - 0
93.778 Medical Assistance Program $313,739 Yes 0
84.287 Twenty-First Century Community Learning Centers $224,238 - 0
17.259 Wia Youth Activities $157,502 - 0
84.367 Improving Teacher Quality State Grants $131,483 - 0
84.424 Student Support and Academic Enrichment Program $91,827 - 0
84.173 Special Education_preschool Grants $42,793 Yes 0
84.048 Career and Technical Education -- Basic Grants to States $36,457 - 0
10.558 Child and Adult Care Food Program $32,081 - 0
84.365 English Language Acquisition State Grants $20,826 - 0

Contacts

Name Title Type
VBBLCTJZHST5 Staci Horne Auditee
9084543400 Anthony Ardito Auditor
No contacts on file

Notes to SEFA

Accounting Policies: Federal Awards are reported using the current financial resources measurement focus and the modified accrual basis ofaccounting. Under this method, revenues are recognized when measurable and available. Measurable means the amount of the transaction can be determined and available means collectible within the current period or soon enough thereafter to be used to pay liabilities of the current period. Expenditures are recorded when the related fund liability is incurred. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.

Finding Details

Finding 2023-001
Finding 2023-001 Criteria or Specific Requirement: United States Department of Agriculture (USDA) requires that net cash resources for the Child Nutrition Program not exceed three months average expenditures in the food service fund. Condition: Net cash resourses exceeded three months average expenditures. Questioned Costs: N/A Context: Net cash resources of $1,582,243 exceeded three months average expenditures of $707,262 by $874,981. Effect: Excess profits retained in the food service fund. Cause: Low levels of capital investment over the past four years and increased subsidy rates at the "free" rate of reimbursement for all meals for all children under the age of 18 due to COVID- 19; Additional Supply Chain Assistance funds and supply chain restraints for capital investment. Recommendation: The board should reduce net cash resources by purchasing needed equipment, improve food quality, or take other actions to eliminate the excess cash resources in the food service fund.
Finding 2023-001
Finding 2023-001 Criteria or Specific Requirement: United States Department of Agriculture (USDA) requires that net cash resources for the Child Nutrition Program not exceed three months average expenditures in the food service fund. Condition: Net cash resourses exceeded three months average expenditures. Questioned Costs: N/A Context: Net cash resources of $1,582,243 exceeded three months average expenditures of $707,262 by $874,981. Effect: Excess profits retained in the food service fund. Cause: Low levels of capital investment over the past four years and increased subsidy rates at the "free" rate of reimbursement for all meals for all children under the age of 18 due to COVID- 19; Additional Supply Chain Assistance funds and supply chain restraints for capital investment. Recommendation: The board should reduce net cash resources by purchasing needed equipment, improve food quality, or take other actions to eliminate the excess cash resources in the food service fund.