FAC Explorer

Audit 317824

FY End
2023-06-30
Total Expended
$4.86M
Findings
14
Programs
14
Organization: Beloved Community Charter School (NJ)
Year: 2023 Accepted: 2024-08-26
Auditor: Gerald D Longo CPA

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
485041 2023-001 - - L
485042 2023-001 - - L
485043 2023-001 - - L
485044 2023-001 - - L
485045 2023-001 - - L
485046 2023-002 - Yes B
485047 2023-002 - Yes B
1061483 2023-001 - - L
1061484 2023-001 - - L
1061485 2023-001 - - L
1061486 2023-001 - - L
1061487 2023-001 - - L
1061488 2023-002 - Yes B
1061489 2023-002 - Yes B

Programs

ALN Program Spent Major Findings
84.425U Arp Esser $1.34M Yes 1
84.010 Title 1 Part A $915,878 - 0
84.425D Crrsa Esser 11 $670,348 Yes 1
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 Marilyn Hooper Auditee
2016304700 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

Finding 2023-001
The Charter School's general ledger was not maintained on a timely basis. Adjustments were required to properly reflect the Charter School’s financial position as of June 30. 2023.
Finding 2023-001
The Charter School's general ledger was not maintained on a timely basis. Adjustments were required to properly reflect the Charter School’s financial position as of June 30. 2023.
Finding 2023-001
The Charter School's general ledger was not maintained on a timely basis. Adjustments were required to properly reflect the Charter School’s financial position as of June 30. 2023.
Finding 2023-001
The Charter School's general ledger was not maintained on a timely basis. Adjustments were required to properly reflect the Charter School’s financial position as of June 30. 2023.
Finding 2023-001
The Charter School's general ledger was not maintained on a timely basis. Adjustments were required to properly reflect the Charter School’s financial position as of June 30. 2023.
Finding 2023-002
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.
Finding 2023-002
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.
Finding 2023-001
The Charter School's general ledger was not maintained on a timely basis. Adjustments were required to properly reflect the Charter School’s financial position as of June 30. 2023.
Finding 2023-001
The Charter School's general ledger was not maintained on a timely basis. Adjustments were required to properly reflect the Charter School’s financial position as of June 30. 2023.
Finding 2023-001
The Charter School's general ledger was not maintained on a timely basis. Adjustments were required to properly reflect the Charter School’s financial position as of June 30. 2023.
Finding 2023-001
The Charter School's general ledger was not maintained on a timely basis. Adjustments were required to properly reflect the Charter School’s financial position as of June 30. 2023.
Finding 2023-001
The Charter School's general ledger was not maintained on a timely basis. Adjustments were required to properly reflect the Charter School’s financial position as of June 30. 2023.
Finding 2023-002
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.
Finding 2023-002
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.