Audit 317186

FY End
2023-06-30
Total Expended
$4.86M
Findings
26
Programs
14
Year: 2023 Accepted: 2024-08-14

Organization Exclusion Status:

Checking exclusion status...

Findings

ID Ref Severity Repeat Requirement
481054 2023-005 - - L
481055 2023-005 - - L
481056 2023-005 - - L
481057 2023-005 - - L
481058 2023-005 - - L
481059 2023-001 Significant Deficiency - B
481060 2023-002 Significant Deficiency Yes B
481061 2023-003 Significant Deficiency Yes B
481062 2023-004 Significant Deficiency Yes B
481063 2023-001 Significant Deficiency - B
481064 2023-002 Significant Deficiency Yes B
481065 2023-003 Significant Deficiency Yes B
481066 2023-004 Significant Deficiency Yes B
1057496 2023-005 - - L
1057497 2023-005 - - L
1057498 2023-005 - - L
1057499 2023-005 - - L
1057500 2023-005 - - L
1057501 2023-001 Significant Deficiency - B
1057502 2023-002 Significant Deficiency Yes B
1057503 2023-003 Significant Deficiency Yes B
1057504 2023-004 Significant Deficiency Yes B
1057505 2023-001 Significant Deficiency - B
1057506 2023-002 Significant Deficiency Yes B
1057507 2023-003 Significant Deficiency Yes B
1057508 2023-004 Significant Deficiency Yes B

Programs

ALN Program Spent Major Findings
84.425U Arp Esser $1.34M Yes 4
84.010 Title 1 Part A $915,878 - 0
84.425D Crrsa Esser 11 $670,348 Yes 4
10.555 National School Lunch $573,252 Yes 1
84.027A Idea Part B $330,622 - 0
84.282A Charter School Program Grant $247,030 - 0
10.553 National School Breakfast $172,085 Yes 1
84.367A Title 11 $83,167 - 0
10.555 National School Snack $61,183 Yes 1
84.365 Title III $17,339 - 0
10.555 Supply Chain Assistance $16,276 Yes 1
84.173A Idea Pre-School $6,482 - 0
93.778 Medical Assistance Program (semi) $5,931 - 0
10.649 Pandemic Ebt Administrative Costs $2,527 - 0

Contacts

Name Title Type
JBL2X2JND1Y7 Richard Raschdorf Auditee
2017449775 Gerald D Longo, CPA Auditor
No contacts on file

Notes to SEFA

Title: SIGNIFICANT POLICIES Accounting Policies: SEE ATTACHED De Minimis Rate Used: N Rate Explanation: THE AUDITEE DID NOT USE THE DE MINIMIS COST RATE The accompanying schedules are presented on the budgetary basis of accounting with the exception of programs recorded in the enterprise fund, which are presented using the accrual basis of accounting. These basis of accounting are described in Note 1 to the Charter Schools basic financial statements. The information in these schedules 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); and the provisions of New Jersey Department of the Treasury Circular Letter 15-08 OMB Single Audit Policy for Recipients of Federal Grants, State Grants and State Aid. Therefore, some amounts presented in the schedules may differ from amounts presented in, or used in the preparation of, the basic financial statements.
Title: The auditee did not use the de minimis cost rate. Accounting Policies: SEE ATTACHED De Minimis Rate Used: N Rate Explanation: THE AUDITEE DID NOT USE THE DE MINIMIS COST RATE The auditee did not use the de minimis cost rate.

Finding Details

Management should implement procedures to ensure timely submission of reimbursement claims within the 60 days following the last day of the month covered by the claim.
Management should implement procedures to ensure timely submission of reimbursement claims within the 60 days following the last day of the month covered by the claim.
Management should implement procedures to ensure timely submission of reimbursement claims within the 60 days following the last day of the month covered by the claim.
Management should implement procedures to ensure timely submission of reimbursement claims within the 60 days following the last day of the month covered by the claim.
Management should implement procedures to ensure timely submission of reimbursement claims within the 60 days following the last day of the month covered by the claim.
Recommendation: Management should implement accounting procedures that would eliminate or greatly reduce the need for journal entries to ensure ledgers are reconciled timely and properly maintained. These procedures should help ensure completeness of the general ledger and the production of accurate internal financial statements and financial information.
Control procedures are not in place to review the financial reports prior to closing.
That the Charter School reviews and implements internal controls to ensure the accuracy of all financial reports and that formal monthly cash reconciliations for all Charter School funds be prepared on a timely basis
It is recommended that both Charter School program and fiscal staff work collaboratively, to institute policies and procedures to ensure all Federally funded program requirements are adhered to.
Recommendation: Management should implement accounting procedures that would eliminate or greatly reduce the need for journal entries to ensure ledgers are reconciled timely and properly maintained. These procedures should help ensure completeness of the general ledger and the production of accurate internal financial statements and financial information.
Control procedures are not in place to review the financial reports prior to closing.
That the Charter School reviews and implements internal controls to ensure the accuracy of all financial reports and that formal monthly cash reconciliations for all Charter School funds be prepared on a timely basis
It is recommended that both Charter School program and fiscal staff work collaboratively, to institute policies and procedures to ensure all Federally funded program requirements are adhered to.
Management should implement procedures to ensure timely submission of reimbursement claims within the 60 days following the last day of the month covered by the claim.
Management should implement procedures to ensure timely submission of reimbursement claims within the 60 days following the last day of the month covered by the claim.
Management should implement procedures to ensure timely submission of reimbursement claims within the 60 days following the last day of the month covered by the claim.
Management should implement procedures to ensure timely submission of reimbursement claims within the 60 days following the last day of the month covered by the claim.
Management should implement procedures to ensure timely submission of reimbursement claims within the 60 days following the last day of the month covered by the claim.
Recommendation: Management should implement accounting procedures that would eliminate or greatly reduce the need for journal entries to ensure ledgers are reconciled timely and properly maintained. These procedures should help ensure completeness of the general ledger and the production of accurate internal financial statements and financial information.
Control procedures are not in place to review the financial reports prior to closing.
That the Charter School reviews and implements internal controls to ensure the accuracy of all financial reports and that formal monthly cash reconciliations for all Charter School funds be prepared on a timely basis
It is recommended that both Charter School program and fiscal staff work collaboratively, to institute policies and procedures to ensure all Federally funded program requirements are adhered to.
Recommendation: Management should implement accounting procedures that would eliminate or greatly reduce the need for journal entries to ensure ledgers are reconciled timely and properly maintained. These procedures should help ensure completeness of the general ledger and the production of accurate internal financial statements and financial information.
Control procedures are not in place to review the financial reports prior to closing.
That the Charter School reviews and implements internal controls to ensure the accuracy of all financial reports and that formal monthly cash reconciliations for all Charter School funds be prepared on a timely basis
It is recommended that both Charter School program and fiscal staff work collaboratively, to institute policies and procedures to ensure all Federally funded program requirements are adhered to.