FAC Explorer

Audit 334387

FY End
2024-06-30
Total Expended
$2.79M
Findings
4
Programs
7
Organization: Wallace Stegner Academy (UT)
Year: 2024 Accepted: 2024-12-20
Auditor: Eide Bailly LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
516478 2024-001 Material Weakness - L
516479 2024-001 Material Weakness - L
1092920 2024-001 Material Weakness - L
1092921 2024-001 Material Weakness - L

Programs

ALN Program Spent Major Findings
10.558 Child and Adult Care Food Program $964,733 Yes 0
84.425 Covid-19 $727,498 Yes 1
10.555 National School Lunch Program $492,580 - 0
84.010 Title I Grants to Local Educational Agencies $313,507 - 0
84.027 Special Education_grants to States $204,354 - 0
84.367 Improving Teacher Quality State Grants $26,824 - 0
84.424 Student Support and Academic Enrichment Program $22,113 - 0

Contacts

Name Title Type
SGMDQ6GBYL29 Adam Gerlach Auditee
8014569570 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 Wallace Stegner Academy (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 and 84.425U, S425D210032, S425U210032 Reporting Material Weakness in Internal Control over Compliance Criteria: Wallace Stegner Academy should have policies and procedures in place to ensure that the required annual performance report is be prepared accurately before submission to the State. Condition: In connection with the audit procedures performed, it was noted that Wallace Stegner Academy reported incorrect amounts of all ESSER expenditures by specific positions and incorrect number of full-time equivalent positions supported with ESSER funds. These items were not considered to be key line items. Cause: Wallace Stegner Academy did not properly review their records to determine the correct amount ESSER expenditures by specific positions and the number of full-time equivalent positions supported with ESSER funds. Effect: Wallace Stegner Academy 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 procedures performed, it was noted that the required annual performance report did not report program expenditures correctly. Repeat Finding from Prior Year: Yes Recommendation: Wallace Stegner Academy should contact the State of Utah and report the correct amount of all ESSER expenditures by specific positions and the number of fulltime equivalent positions supported with ESSER funds. 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 and 84.425U, S425D210032, S425U210032 Reporting Material Weakness in Internal Control over Compliance Criteria: Wallace Stegner Academy should have policies and procedures in place to ensure that the required annual performance report is be prepared accurately before submission to the State. Condition: In connection with the audit procedures performed, it was noted that Wallace Stegner Academy reported incorrect amounts of all ESSER expenditures by specific positions and incorrect number of full-time equivalent positions supported with ESSER funds. These items were not considered to be key line items. Cause: Wallace Stegner Academy did not properly review their records to determine the correct amount ESSER expenditures by specific positions and the number of full-time equivalent positions supported with ESSER funds. Effect: Wallace Stegner Academy 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 procedures performed, it was noted that the required annual performance report did not report program expenditures correctly. Repeat Finding from Prior Year: Yes Recommendation: Wallace Stegner Academy should contact the State of Utah and report the correct amount of all ESSER expenditures by specific positions and the number of fulltime equivalent positions supported with ESSER funds. 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 and 84.425U, S425D210032, S425U210032 Reporting Material Weakness in Internal Control over Compliance Criteria: Wallace Stegner Academy should have policies and procedures in place to ensure that the required annual performance report is be prepared accurately before submission to the State. Condition: In connection with the audit procedures performed, it was noted that Wallace Stegner Academy reported incorrect amounts of all ESSER expenditures by specific positions and incorrect number of full-time equivalent positions supported with ESSER funds. These items were not considered to be key line items. Cause: Wallace Stegner Academy did not properly review their records to determine the correct amount ESSER expenditures by specific positions and the number of full-time equivalent positions supported with ESSER funds. Effect: Wallace Stegner Academy 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 procedures performed, it was noted that the required annual performance report did not report program expenditures correctly. Repeat Finding from Prior Year: Yes Recommendation: Wallace Stegner Academy should contact the State of Utah and report the correct amount of all ESSER expenditures by specific positions and the number of fulltime equivalent positions supported with ESSER funds. 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 and 84.425U, S425D210032, S425U210032 Reporting Material Weakness in Internal Control over Compliance Criteria: Wallace Stegner Academy should have policies and procedures in place to ensure that the required annual performance report is be prepared accurately before submission to the State. Condition: In connection with the audit procedures performed, it was noted that Wallace Stegner Academy reported incorrect amounts of all ESSER expenditures by specific positions and incorrect number of full-time equivalent positions supported with ESSER funds. These items were not considered to be key line items. Cause: Wallace Stegner Academy did not properly review their records to determine the correct amount ESSER expenditures by specific positions and the number of full-time equivalent positions supported with ESSER funds. Effect: Wallace Stegner Academy 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 procedures performed, it was noted that the required annual performance report did not report program expenditures correctly. Repeat Finding from Prior Year: Yes Recommendation: Wallace Stegner Academy should contact the State of Utah and report the correct amount of all ESSER expenditures by specific positions and the number of fulltime equivalent positions supported with ESSER funds. Views of Responsible Officials: Management agrees with this finding.