FAC Explorer

Audit 327428

FY End
2024-06-30
Total Expended
$1.26M
Findings
4
Programs
8
Organization: Mount Prospect School District 57 (IL)
Year: 2024 Accepted: 2024-11-06
Auditor: Miller Cooper & CO LTD

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
504787 2024-001 - - B
504788 2024-001 - - B
1081229 2024-001 - - B
1081230 2024-001 - - B

Programs

ALN Program Spent Major Findings
84.425 Education Stabilization Fund $290,140 - 0
84.010 Title I Grants to Local Educational Agencies $95,908 - 0
84.367 Supporting Effective Instruction State Grants (formerly Improving Teacher Quality State Grants) $58,809 - 0
93.778 Medical Assistance Program $38,387 - 0
84.365 English Language Acquisition State Grants $23,475 - 0
84.173 Special Education Preschool Grants $22,595 Yes 0
84.027 Special Education Grants to States $12,807 Yes 1
10.556 Special Milk Program for Children $12,691 - 0

Contacts

Name Title Type
MLWHA9FZRLT7 Jason Kaiz Auditee
8473947300 John Epperson Auditor
No contacts on file

Notes to SEFA

Title: Subrecipients Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Mount Prospect School District 57 and is presented on the modified accrual 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: N Rate Explanation: The auditee did not elect to use the 10%de minimis cost rate. Of the federal expenditures presented in the schedule, Mount Prospect School District 57 provided federal awards to subrecipients as follows: None
Title: Non-Cash Assistance Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Mount Prospect School District 57 and is presented on the modified accrual 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: N Rate Explanation: The auditee did not elect to use the 10%de minimis cost rate. The following amounts were expended in the form of non-cash assistance by Mount Prospect School District 57 and should be included in the Schedule of Expenditures of Federal Awards: NON-CASH COMMODITIES (CFDA 10.555)**: $0 OTHER NON-CASH ASSISTANCE - DEPT. OF DEFENSE FRUITS & VEGETABLES $0
Title: Other Information Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Mount Prospect School District 57 and is presented on the modified accrual 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: N Rate Explanation: The auditee did not elect to use the 10%de minimis cost rate. Insurance coverage in effect paid with Federal funds during the fiscal year: Property $0 Auto $0 General Liability $0 Workers Compensation $0 Loans/Loan Guarantees Outstanding at June 30: $0 District had Federal grants requiring matching expenditures No

Finding Details

Finding 2024-001
Criteria - Federal expenditures should be claimed in the period in which they are incurred to ensure proper cutoff; Condition - The District claimed a FY 2025 expenditure on its 2024 I.D.E.A Flow Through claim for FY 2024; Questioned Costs - The questioned cost is $17,200; Context - The lack of proper cutoff could cause an otherwise allowable cost to become a questioned cost if not reported in the proper period; Effect - Proper cutoff was not achieved; Cause - Improper processing of a purchase order in advance of the cost being incurred caused the expenditure to be claimed in advance of the cost being incurred; Recommendation - Management should implement a more thorough review of the claim reports to ensure proper cutoff is maintained; Management's response - Management agrees with this finding. Management is in the process of implementing a more thorough review of the claim reports to ensure proper cutoff is maintained.
Finding 2024-001
Criteria - Federal expenditures should be claimed in the period in which they are incurred to ensure proper cutoff; Condition - The District claimed a FY 2025 expenditure on its 2024 I.D.E.A Flow Through claim for FY 2024; Questioned Costs - The questioned cost is $17,200; Context - The lack of proper cutoff could cause an otherwise allowable cost to become a questioned cost if not reported in the proper period; Effect - Proper cutoff was not achieved; Cause - Improper processing of a purchase order in advance of the cost being incurred caused the expenditure to be claimed in advance of the cost being incurred; Recommendation - Management should implement a more thorough review of the claim reports to ensure proper cutoff is maintained; Management's response - Management agrees with this finding. Management is in the process of implementing a more thorough review of the claim reports to ensure proper cutoff is maintained.
Finding 2024-001
Criteria - Federal expenditures should be claimed in the period in which they are incurred to ensure proper cutoff; Condition - The District claimed a FY 2025 expenditure on its 2024 I.D.E.A Flow Through claim for FY 2024; Questioned Costs - The questioned cost is $17,200; Context - The lack of proper cutoff could cause an otherwise allowable cost to become a questioned cost if not reported in the proper period; Effect - Proper cutoff was not achieved; Cause - Improper processing of a purchase order in advance of the cost being incurred caused the expenditure to be claimed in advance of the cost being incurred; Recommendation - Management should implement a more thorough review of the claim reports to ensure proper cutoff is maintained; Management's response - Management agrees with this finding. Management is in the process of implementing a more thorough review of the claim reports to ensure proper cutoff is maintained.
Finding 2024-001
Criteria - Federal expenditures should be claimed in the period in which they are incurred to ensure proper cutoff; Condition - The District claimed a FY 2025 expenditure on its 2024 I.D.E.A Flow Through claim for FY 2024; Questioned Costs - The questioned cost is $17,200; Context - The lack of proper cutoff could cause an otherwise allowable cost to become a questioned cost if not reported in the proper period; Effect - Proper cutoff was not achieved; Cause - Improper processing of a purchase order in advance of the cost being incurred caused the expenditure to be claimed in advance of the cost being incurred; Recommendation - Management should implement a more thorough review of the claim reports to ensure proper cutoff is maintained; Management's response - Management agrees with this finding. Management is in the process of implementing a more thorough review of the claim reports to ensure proper cutoff is maintained.