FAC Explorer

Audit 14691

FY End
2023-06-30
Total Expended
$814,113
Findings
2
Programs
10
Organization: Montague Township School District (NJ)
Year: 2023 Accepted: 2024-01-31
Auditor: Ardito & Company LLC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
10900 2023-002 - - C
587342 2023-002 - - C

Programs

ALN Program Spent Major Findings
84.425 Education Stabilization Fund $347,378 Yes 1
84.041 Impact Aid $165,599 - 0
84.027 Special Education_grants to States $116,419 - 0
84.010 Title I Grants to Local Educational Agencies $95,537 - 0
10.555 National School Lunch Program $39,117 - 0
84.358 Rural Education $22,742 - 0
10.553 School Breakfast Program $11,335 - 0
84.424 Student Support and Academic Enrichment Program $10,000 - 0
84.173 Special Education_preschool Grants $5,806 - 0
84.367 Improving Teacher Quality State Grants $180 - 0

Contacts

Name Title Type
CKMZEJCLSXU6 Michael Bussow Auditee
9732937131 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 of accounting. 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 2023-002
Criteria or Specific Requirement: Cash reciepts for federal grants should be requested to be paid on a reimbursement basis subsequent to federal grant expenditures. Condition: Requests for federal grant payments (draw downs) exceeded expenditures for various programs. The entire grant award was drawn down without complete supporting documentation for related expenditures. Questioned Costs: N/A Context: The excess draw downs of $5,632 are less than 1% (0.7%) of federal expenditures. Effect: Excess cash of $5,632 is due to the federal agency grantor resulting in the district forfeiting amounts that could have been expended during the grant period. Cause: Lack of controls over federal grant cash management monitoring. Recommendation: The board should monitor federal programs and request cash reimbursements subsequent to the program expenditure. Views of management and planned corrective actions: The district plans to develop controls to request grant award payments on a reimbursement basis.
Finding 2023-002
Criteria or Specific Requirement: Cash reciepts for federal grants should be requested to be paid on a reimbursement basis subsequent to federal grant expenditures. Condition: Requests for federal grant payments (draw downs) exceeded expenditures for various programs. The entire grant award was drawn down without complete supporting documentation for related expenditures. Questioned Costs: N/A Context: The excess draw downs of $5,632 are less than 1% (0.7%) of federal expenditures. Effect: Excess cash of $5,632 is due to the federal agency grantor resulting in the district forfeiting amounts that could have been expended during the grant period. Cause: Lack of controls over federal grant cash management monitoring. Recommendation: The board should monitor federal programs and request cash reimbursements subsequent to the program expenditure. Views of management and planned corrective actions: The district plans to develop controls to request grant award payments on a reimbursement basis.