FAC Explorer

Audit 334150

FY End
2024-06-30
Total Expended
$1.13M
Findings
2
Programs
8
Organization: Davinci Academy of Science and the Arts (UT)
Year: 2024 Accepted: 2024-12-20
Auditor: Eide Bailly LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
516320 2024-001 Material Weakness - L
1092762 2024-001 Material Weakness - L

Programs

ALN Program Spent Major Findings
10.555 National School Lunch Program $372,873 - 0
84.425 Covid-19 $344,929 Yes 1
84.027 Special Education_grants to States $180,585 - 0
84.010 Title I Grants to Local Educational Agencies $140,620 - 0
84.027 Covid-19 $38,673 - 0
84.367 Improving Teacher Quality State Grants $20,808 - 0
10.582 Fresh Fruit and Vegetable Program $19,938 - 0
84.173 Special Education_preschool Grants $7,632 - 0

Contacts

Name Title Type
XM6JZ7B4FMV3 Fred Donaldson Auditee
8016759538 Paul Skeen Auditor
No contacts on file

Notes to SEFA

Title: Basis of Presentation Accounting Policies: Expenditures reported in the schedule are reported on the modified 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. No federal financial assistance has been provided to a subrecipient. De Minimis Rate Used: N Rate Explanation: The School has not elected to use the 10% de minimis cost rate. The accompanying schedule of expenditures of federal awards (the schedule) includes the federal award activity of the DaVinci Academy of Science and the Arts (the School) under programs of the federal government for the year ended June 30, 2024. The information 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 School, it is not intended to and does not present the financial position, changes in net position, or changes in fund balance of the School.
Title: Summary of Significant Accounting Policies Accounting Policies: Expenditures reported in the schedule are reported on the modified 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. No federal financial assistance has been provided to a subrecipient. De Minimis Rate Used: N Rate Explanation: The School has not elected to use the 10% de minimis cost rate. Expenditures reported in the schedule are reported on the modified 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. No federal financial assistance has been provided to a subrecipient.
Title: Indirect Cost Rate Accounting Policies: Expenditures reported in the schedule are reported on the modified 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. No federal financial assistance has been provided to a subrecipient. De Minimis Rate Used: N Rate Explanation: The School has not elected to use the 10% de minimis cost rate. The School has not elected to use the 10% de minimis cost rate.

Finding Details

Finding 2024-001
U.S. Department of Education, Utah State Office of Education, Federal Financial Assistance Listing 84.425D, S425U210032 Reporting Material Weakness in Internal Control over Compliance Criteria: DaVinci Academy of Science and the Arts should have policies and procedures in place to ensure that the required annual performance report is prepared accurately before submission to the State. Condition: In connection with the audit procedures performed, it was noted that DaVinci Academy of Science and the Arts reported incorrectly the amount of ESSER III funds expended. Cause: DaVinci Academy of Science and the Arts did not properly review their records to determine the correct amount of ESSER III funds expended. Effect: DaVinci Academy of Science and the Arts could be out of compliance with 84.425 Education Stabilization Funds reporting requirements as their review process may not identify inaccuracies. Questioned Costs: None reported Context: In connection with the audit procedure performed, it was noted that the required annual performance report did not report program expenditures correctly. Repeat Finding from Prior Year: No Recommendation: DaVinci Academy of Science and the Arts should contact the State of Utah and report the correct amount of ESSER III funds expended. Views of Responsible Officials: Management agrees with this finding.
Finding 2024-001
U.S. Department of Education, Utah State Office of Education, Federal Financial Assistance Listing 84.425D, S425U210032 Reporting Material Weakness in Internal Control over Compliance Criteria: DaVinci Academy of Science and the Arts should have policies and procedures in place to ensure that the required annual performance report is prepared accurately before submission to the State. Condition: In connection with the audit procedures performed, it was noted that DaVinci Academy of Science and the Arts reported incorrectly the amount of ESSER III funds expended. Cause: DaVinci Academy of Science and the Arts did not properly review their records to determine the correct amount of ESSER III funds expended. Effect: DaVinci Academy of Science and the Arts could be out of compliance with 84.425 Education Stabilization Funds reporting requirements as their review process may not identify inaccuracies. Questioned Costs: None reported Context: In connection with the audit procedure performed, it was noted that the required annual performance report did not report program expenditures correctly. Repeat Finding from Prior Year: No Recommendation: DaVinci Academy of Science and the Arts should contact the State of Utah and report the correct amount of ESSER III funds expended. Views of Responsible Officials: Management agrees with this finding.