FAC Explorer

Audit 314770

FY End
2023-12-31
Total Expended
$1.50M
Findings
16
Programs
1
Organization: School District 12 Education Foundation Dba Five Star Education Foundation (CO)
Year: 2023 Accepted: 2024-07-10
Auditor: Ryan Gunsauls and O'Donnell LLC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
478055 2023-001 Significant Deficiency - P
478056 2023-002 Significant Deficiency - P
478057 2023-001 Significant Deficiency - P
478058 2023-002 Significant Deficiency - P
478059 2023-001 Significant Deficiency - P
478060 2023-002 Significant Deficiency - P
478061 2023-001 Significant Deficiency - P
478062 2023-002 Significant Deficiency - P
1054497 2023-001 Significant Deficiency - P
1054498 2023-002 Significant Deficiency - P
1054499 2023-001 Significant Deficiency - P
1054500 2023-002 Significant Deficiency - P
1054501 2023-001 Significant Deficiency - P
1054502 2023-002 Significant Deficiency - P
1054503 2023-001 Significant Deficiency - P
1054504 2023-002 Significant Deficiency - P

Programs

ALN Program Spent Major Findings
21.027 Coronavirus State and Local Fiscal Recovery Funds $209,195 Yes 2

Contacts

Name Title Type
HWK9HP9JZXH7 Shannon Hancock Auditee
7209724342 Jennifer Ulrich Auditor
No contacts on file

Notes to SEFA

Title: Summary of Significant Accounting Policies 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, where in certain types of expenditures are not allowable or limited to reimbursement. De Minimis Rate Used: Y Rate Explanation: The auditee use the 10% de minimis cost rate as covered in the Uniform Guidance 2 CFR section 200.414 Indirect Costs. Basis of accounting, de minus cost rate

Finding Details

Finding 2023-001
School District 12 Education Foundation (dba Five Star Education Foundation) does not prepare a schedule of expenditures of federal awards required by Uniform Guidance.
Finding 2023-002
Internal controls, for example approval of transactions charged to the grant, should be documented to prove the transaction is allowable, within the period of performance required by the grant and is within procurement policies established by Uniform Guidance.
Finding 2023-001
School District 12 Education Foundation (dba Five Star Education Foundation) does not prepare a schedule of expenditures of federal awards required by Uniform Guidance.
Finding 2023-002
Internal controls, for example approval of transactions charged to the grant, should be documented to prove the transaction is allowable, within the period of performance required by the grant and is within procurement policies established by Uniform Guidance.
Finding 2023-001
School District 12 Education Foundation (dba Five Star Education Foundation) does not prepare a schedule of expenditures of federal awards required by Uniform Guidance.
Finding 2023-002
Internal controls, for example approval of transactions charged to the grant, should be documented to prove the transaction is allowable, within the period of performance required by the grant and is within procurement policies established by Uniform Guidance.
Finding 2023-001
School District 12 Education Foundation (dba Five Star Education Foundation) does not prepare a schedule of expenditures of federal awards required by Uniform Guidance.
Finding 2023-002
Internal controls, for example approval of transactions charged to the grant, should be documented to prove the transaction is allowable, within the period of performance required by the grant and is within procurement policies established by Uniform Guidance.
Finding 2023-001
School District 12 Education Foundation (dba Five Star Education Foundation) does not prepare a schedule of expenditures of federal awards required by Uniform Guidance.
Finding 2023-002
Internal controls, for example approval of transactions charged to the grant, should be documented to prove the transaction is allowable, within the period of performance required by the grant and is within procurement policies established by Uniform Guidance.
Finding 2023-001
School District 12 Education Foundation (dba Five Star Education Foundation) does not prepare a schedule of expenditures of federal awards required by Uniform Guidance.
Finding 2023-002
Internal controls, for example approval of transactions charged to the grant, should be documented to prove the transaction is allowable, within the period of performance required by the grant and is within procurement policies established by Uniform Guidance.
Finding 2023-001
School District 12 Education Foundation (dba Five Star Education Foundation) does not prepare a schedule of expenditures of federal awards required by Uniform Guidance.
Finding 2023-002
Internal controls, for example approval of transactions charged to the grant, should be documented to prove the transaction is allowable, within the period of performance required by the grant and is within procurement policies established by Uniform Guidance.
Finding 2023-001
School District 12 Education Foundation (dba Five Star Education Foundation) does not prepare a schedule of expenditures of federal awards required by Uniform Guidance.
Finding 2023-002
Internal controls, for example approval of transactions charged to the grant, should be documented to prove the transaction is allowable, within the period of performance required by the grant and is within procurement policies established by Uniform Guidance.