FAC Explorer

Audit 30395

FY End
2022-09-30
Total Expended
$6.62M
Findings
2
Programs
15
Organization: Sylacauga City Board of Education (AL)
Year: 2022 Accepted: 2023-08-24
Auditor: Potter Bryant & Moore PC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
38452 2022-002 Significant Deficiency - F
614894 2022-002 Significant Deficiency - F

Programs

ALN Program Spent Major Findings
84.425 Education Stabilization Fund $1.84M Yes 0
10.555 National School Lunch Program $1.27M - 0
84.010 Title I Grants to Local Educational Agencies $600,412 - 0
10.553 School Breakfast Program $468,448 - 0
84.367 Improving Teacher Quality State Grants $91,335 - 0
84.027 Special Education_grants to States $87,762 - 0
10.558 Child and Adult Care Food Program $54,230 - 0
84.048 Career and Technical Education -- Basic Grants to States $39,084 - 0
84.424 Student Support and Academic Enrichment Program $35,911 - 0
84.358 Rural Education $35,551 - 0
10.559 Summer Food Service Program for Children $19,244 - 0
84.041 Impact Aid $10,270 - 0
84.173 Special Education_preschool Grants $8,789 - 0
10.560 State Administrative Expenses for Child Nutrition $4,799 - 0
96.001 Social Security_disability Insurance $420 - 0

Contacts

Name Title Type
N37GC8QDU177 Thomas Osborne Auditee
2562455256 Steven D Moore Auditor
No contacts on file

Notes to SEFA

Title: Basis of Presentation Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance wherein certain types of expenditures are not allowable or are limited as to reimbursement. The Sylacauga City Board of Education has not elected to use the 10-percent de minimis indirect cost rate as allowed in the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal grant activity of the Sylacauga City Board of Education and is presented on the modified accrual basis of accounting. 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 Sylacauga City Board of Education, it is not intended to and does not present the financial position or changes in net position of the Sylacauga City Board of Education.

Finding Details

Finding 2022-002
The Board used money from the COVID-19 Education Stabilization Fund to Purchase a computer server in excess of $5,000 and failed to include the server in the fixed asset inventory as required. 2 CFR Sections 200.313 (c) through (e) require equipment having a useful life of more than one year and a per-unit acquisition cost which equal or exceeds $5,000 must be maintained in the Board's property records. A computer server costing $40,440 was not properly classified as capitalized equipment and as such, was omitted from the Board's Fixed Asset Inventory. The Board should ensure that all equipment is properly recorded in the accounting records Fixed Asset Inventory.
Finding 2022-002
The Board used money from the COVID-19 Education Stabilization Fund to Purchase a computer server in excess of $5,000 and failed to include the server in the fixed asset inventory as required. 2 CFR Sections 200.313 (c) through (e) require equipment having a useful life of more than one year and a per-unit acquisition cost which equal or exceeds $5,000 must be maintained in the Board's property records. A computer server costing $40,440 was not properly classified as capitalized equipment and as such, was omitted from the Board's Fixed Asset Inventory. The Board should ensure that all equipment is properly recorded in the accounting records Fixed Asset Inventory.