FAC Explorer

Audit 22537

FY End
2022-06-30
Total Expended
$1.69M
Findings
2
Programs
11
Organization: South Central Cusd 401 (IL)
Year: 2022 Accepted: 2023-01-04
Auditor: Glass & Shuffett LTD

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
15815 2022-001 Material Weakness - B
592257 2022-001 Material Weakness - B

Programs

ALN Program Spent Major Findings
84.425 Education Stabilization Fund $758,269 Yes 1
10.555 National School Lunch Program $377,434 - 0
84.027 Special Education_grants to States $193,034 - 0
84.010 Title I Grants to Local Educational Agencies $159,444 - 0
10.553 School Breakfast Program $87,876 - 0
10.559 Summer Food Service Program for Children $46,525 - 0
84.424 Student Support and Academic Enrichment Program $17,112 - 0
84.367 Improving Teacher Quality State Grants $16,891 - 0
93.778 Medical Assistance Program $15,924 - 0
84.173 Special Education_preschool Grants $8,621 - 0
84.358 Rural Education $6,969 - 0

Contacts

Name Title Type
LVKJSF1Q81X8 Kerry Herdes Auditee
6185473414 Doug Ess Auditor
No contacts on file

Notes to SEFA

Title: Other Information Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of South Central CUD 401 (District) and is presented on the cash basis of accounting. The information in this schedule is presented in accordance with the requirements of the Office of Management and Budget Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. De Minimis Rate Used: Y Rate Explanation: The auditee used the de minimis cost rate. The District had no insurance coverage in effect paid with Federal funds during the year. The District had no loans or loan guarantees outstanding at June 30, 2022. The District had no federal grants requiring matching expenditures.
Title: Subrecipients Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of South Central CUD 401 (District) and is presented on the cash basis of accounting. The information in this schedule is presented in accordance with the requirements of the Office of Management and Budget Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. De Minimis Rate Used: Y Rate Explanation: The auditee used the de minimis cost rate. The District did not provide Federal awards to subrecipients.
Title: Non-cash Assistance Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of South Central CUD 401 (District) and is presented on the cash basis of accounting. The information in this schedule is presented in accordance with the requirements of the Office of Management and Budget Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. De Minimis Rate Used: Y Rate Explanation: The auditee used the de minimis cost rate. The following amounts were expended in the form of non-cash assistance by the District and are included in the Schedule of Expenditures of Federal Awards: Non-cash commodities $9,807; Dept of Defense fresh fruits and vegetables $17,728.

Finding Details

Finding 2022-001
Criteria: Financial reports requesting reimbursement of expenditures should reconcile to accounting records. Condition: During our audit testing of the expenditure reimbursement request reports, we noted the accounting records indicated less expenditures incurred than what was requested on the report. Questioned Costs: $20,890. Context: The District inadvertently included project expenditures spent in the prior fiscal year as current fiscal year expenditures. Reimbursement for those expenditures was requested in the prior fiscal year, therefore, those expenditures were overreported project costs. Effect: The District inadvertently reported certain expenditures twice for the same grant project resulting in an overreporting of project expenditures of $19,890 during the fiscal year ended June 30, 2022. Cause: The District did not implement a procedure to reconcile total project costs per its accounting records to total project costs per grant expenditure reports for grants that spanned across multiple years. Recommendation: It is recommended the District establish procedures to reconcile total project costs per District accounting records tot total projects costs per grant expenditure reports. This reconciliation procedure should include all project costs for the entire project history. Management's Response: There is no disagreement with this audit finding or amount of questioned costs.
Finding 2022-001
Criteria: Financial reports requesting reimbursement of expenditures should reconcile to accounting records. Condition: During our audit testing of the expenditure reimbursement request reports, we noted the accounting records indicated less expenditures incurred than what was requested on the report. Questioned Costs: $20,890. Context: The District inadvertently included project expenditures spent in the prior fiscal year as current fiscal year expenditures. Reimbursement for those expenditures was requested in the prior fiscal year, therefore, those expenditures were overreported project costs. Effect: The District inadvertently reported certain expenditures twice for the same grant project resulting in an overreporting of project expenditures of $19,890 during the fiscal year ended June 30, 2022. Cause: The District did not implement a procedure to reconcile total project costs per its accounting records to total project costs per grant expenditure reports for grants that spanned across multiple years. Recommendation: It is recommended the District establish procedures to reconcile total project costs per District accounting records tot total projects costs per grant expenditure reports. This reconciliation procedure should include all project costs for the entire project history. Management's Response: There is no disagreement with this audit finding or amount of questioned costs.