FAC Explorer

Audit 178621

FY End
2022-06-30
Total Expended
$1.43M
Findings
2
Programs
6
Organization: International Studies Charter High School, Inc. (FL)
Year: 2022 Accepted: 2023-03-26
Auditor: Hlb Gravier LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
194845 2022-001 Significant Deficiency - LM
771287 2022-001 Significant Deficiency - LM

Programs

ALN Program Spent Major Findings
84.282 Charter Schools $694,772 Yes 0
84.425 Education Stabilization Fund $471,788 Yes 1
10.553 School Breakfast Program $204,573 Yes 0
84.424 Student Support and Academic Enrichment Program $29,342 Yes 0
84.367 Improving Teacher Quality State Grants $27,003 Yes 0
84.365 English Language Acquisition State Grants $1,754 Yes 0

Contacts

Name Title Type
CFWCKNWR2JN9 Chelsea Espana Auditee
3056692906 Nelson Pastor Auditor
No contacts on file

Notes to SEFA

Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal award activity of International Studies Charter High School, Inc. ("the Organization") during its fiscal year July 1, 2021 through June 30, 2022. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the schedule presents only a selected portion of the operations of the Organization, it is not intended to and does not present the financial position, changes in net assets or cash flows of the Organization. Expenditures on the schedule are reported on the accrual basis of accounting. Some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the basic financial statements.The Organization has elected to not use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. The grant revenue amounts received are subject to audit and adjustment. If any expenditures are disallowed by the grantor agency as of result of such audit, any claim for reimbursement to the grantor agencies would become a liability of the Organization. In the opinion of management, all grant expenditures are in compliance with the terms of the grant agreements and applicable federal and state laws and regulations. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.

Finding Details

Finding 2022-001
A. Internal Control: ML ? 2022-01 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 one instance where the purchase order was issued after the purchase was made. Cause: The Organization?s policy regarding purchases orders were not followed for one purchase 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. Recommendation: 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.
Finding 2022-001
A. Internal Control: ML ? 2022-01 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 one instance where the purchase order was issued after the purchase was made. Cause: The Organization?s policy regarding purchases orders were not followed for one purchase 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. Recommendation: 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.