FAC Explorer

Audit 178572

FY End
2022-06-30
Total Expended
$38.24M
Findings
2
Programs
12
Organization: Somerset Academy, Inc. (FL)
Year: 2022 Accepted: 2023-03-24
Auditor: Hlb Gravier LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
194993 2022-001 Significant Deficiency Yes LM
771435 2022-001 Significant Deficiency Yes LM

Programs

ALN Program Spent Major Findings
84.425 Education Stabilization Fund $16.87M Yes 1
10.553 School Breakfast Program $8.90M - 0
84.010 Title I Grants to Local Educational Agencies $7.38M Yes 0
84.282 Charter Schools $1.52M - 0
84.027 Special Education_grants to States $1.07M Yes 0
84.424 Student Support and Academic Enrichment Program $858,598 - 0
84.287 Twenty-First Century Community Learning Centers $770,029 - 0
84.367 Improving Teacher Quality State Grants $657,969 Yes 0
84.048 Career and Technical Education -- Basic Grants to States $111,948 - 0
84.365 English Language Acquisition State Grants $69,500 - 0
84.031 Higher Education_institutional Aid $24,328 - 0
84.173 Special Education_preschool Grants $8,175 - 0

Contacts

Name Title Type
YBVLWPKJ9LU1 Chelsea Espana Auditee
3056692906 Nelson Pastor Auditor
No contacts on file

Notes to SEFA

Accounting Policies: TheaccompanyingScheduleofExpendituresofFederalAwardsincludesthefederalawardactivityofSomersetAcademy,Inc.("theOrganization")duringitsfiscalyearJuly1,2021throughJune30,2022.TheinformationinthisscheduleispresentedinaccordancewiththerequirementsofTitle2U.S.CodeofFederalRegulationsPart200,UniformAdministrativeRequirements,CostPrinciples,andAuditRequirementsforFederalAwards(UniformGuidance).BecausetheschedulepresentsonlyaselectedportionoftheoperationsoftheOrganization,itisnotintendedtoanddoesnotpresentthefinancialposition, changes in net assets or cash flows of the Organization. Expendituresontheschedulearereportedontheaccrualbasisofaccounting.Someamountspresentedinthisschedulemaydifferfromamountspresentedinorusedinthepreparationofthebasicfinancialstatements.TheOrganizationhaselectedtonotusethe10%deminimisindirectcostrateallowedundertheUniformGuidance.Thegrantrevenueamountsreceivedaresubjecttoauditandadjustment.Ifanyexpendituresaredisallowedbythegrantoragencyasofresultofsuchaudit,anyclaimforreimbursementtothegrantoragencieswouldbecomealiabilityoftheOrganization.Intheopinionofmanagement,allgrantexpendituresareincompliancewiththetermsofthegrantagreementsandapplicablefederalandstatelaws and regulations. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.

Finding Details

Finding 2022-001
SECTION III ? FINDINGS AND QUESTIONED COSTS - MAJOR FEDERAL AWARDS PROGRAMS A. Internal Control ? None ML ? 2021-01 Purchase Orders Criteria: The Organization?s financial policies and procedures require that for most purchases, a purchase order be made and approved by the appropriate level of management before the order is placed with a vendor. Only certain purchases such as utilities are exempt from this requirement. Condition: While the Organization did use purchase orders consistently on all purchases tested, we noted several instances where the purchase order was issued after the purchase was made. Cause: The Organization?s policy regarding purchases orders were not followed for several purchases tested. Effect: Although not noted in any of the items tested, failure to follow the Organization?s policy may lead to unauthorized or improper purchases. Recom- mendation: We recommend that the Organization adhere to the purchase order policy and provide additional training and oversight as necessary. Views of Responsible officials: See corrective action plan for views of responsible officials. B. Compliance ? None
Finding 2022-001
SECTION III ? FINDINGS AND QUESTIONED COSTS - MAJOR FEDERAL AWARDS PROGRAMS A. Internal Control ? None ML ? 2021-01 Purchase Orders Criteria: The Organization?s financial policies and procedures require that for most purchases, a purchase order be made and approved by the appropriate level of management before the order is placed with a vendor. Only certain purchases such as utilities are exempt from this requirement. Condition: While the Organization did use purchase orders consistently on all purchases tested, we noted several instances where the purchase order was issued after the purchase was made. Cause: The Organization?s policy regarding purchases orders were not followed for several purchases tested. Effect: Although not noted in any of the items tested, failure to follow the Organization?s policy may lead to unauthorized or improper purchases. Recom- mendation: We recommend that the Organization adhere to the purchase order policy and provide additional training and oversight as necessary. Views of Responsible officials: See corrective action plan for views of responsible officials. B. Compliance ? None