FAC Explorer

Audit 341733

FY End
2024-06-30
Total Expended
$3.03M
Findings
4
Programs
11
Organization: Spearfish School District No. 40-2 (SD)
Year: 2024 Accepted: 2025-02-08
Auditor: Ketel Thorstenson LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
522458 2024-004 Significant Deficiency - AB
522459 2024-004 Significant Deficiency - AB
1098900 2024-004 Significant Deficiency - AB
1098901 2024-004 Significant Deficiency - AB

Programs

ALN Program Spent Major Findings
84.425 Education Stabilization Fund $1.08M Yes 0
84.027 Special Education Grants to States $500,101 Yes 1
84.010 Title I Grants to Local Educational Agencies $486,693 - 0
10.555 National School Lunch Program $296,106 - 0
84.367 Supporting Effective Instruction State Grants (formerly Improving Teacher Quality State Grants) $146,869 - 0
10.553 School Breakfast Program $42,079 - 0
84.424 Student Support and Academic Enrichment Program $25,786 - 0
10.665 Schools and Roads - Grants to States $23,904 - 0
84.173 Special Education Preschool Grants $20,268 Yes 1
84.048 Career and Technical Education -- Basic Grants to States $4,454 - 0
15.227 Distribution of Receipts to State and Local Governments $13 - 0

Contacts

Name Title Type
E6TRA2KCS6E7 Craig Crosswait Auditee
6057171201 Jeff Yennie Auditor
No contacts on file

Notes to SEFA

Title: Basis of Presentation and Summary of Significant Accounting Policies Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the District under programs of the federal government for the year ended June 30, 2024. The information in this Schedule 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 District, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the District. De Minimis Rate Used: N Rate Explanation: The District has not elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. Expenditures reported on the Schedule are reported on the 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.
Title: Cash Reimbursement Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the District under programs of the federal government for the year ended June 30, 2024. The information in this Schedule 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 District, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the District. De Minimis Rate Used: N Rate Explanation: The District has not elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. These amounts reflect cash received. Federal reimbursements are based on approved rates for services provided rather than reimbursement for specific expenditures.
Title: Non-Monetary Assistance Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the District under programs of the federal government for the year ended June 30, 2024. The information in this Schedule 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 District, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the District. De Minimis Rate Used: N Rate Explanation: The District has not elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. These amounts include non-monetary assistance which is reported at fair market value of the commodities received and disbursed.

Finding Details

Finding 2024-004
Federal Program Affected: SPED Cluster, ALN #84.027 and #84.173 Compliance Requirement: Activities Allowed/Allowable Costs Questioned Costs: None Condition and Cause: During our testing of payroll transactions, we noted two instances in which time-certification percentages did not agree to the amount charged to the grant. However, we were able to verify the employee was properly charged to the grant. Criteria and Effect: Uniform Guidance requires adequate documentation, including support for all time charged to federal grants. Incorrect documentation may result in noncompliance. Repeat Finding from Prior Year: No. Recommendation: We recommend the District ensure time-certifications are reviewed for accuracy and the general ledger coding is consistent with the certifications. Response/Corrective Action Plan: Management is in agreement with the finding. See Corrective Action Plan.
Finding 2024-004
Federal Program Affected: SPED Cluster, ALN #84.027 and #84.173 Compliance Requirement: Activities Allowed/Allowable Costs Questioned Costs: None Condition and Cause: During our testing of payroll transactions, we noted two instances in which time-certification percentages did not agree to the amount charged to the grant. However, we were able to verify the employee was properly charged to the grant. Criteria and Effect: Uniform Guidance requires adequate documentation, including support for all time charged to federal grants. Incorrect documentation may result in noncompliance. Repeat Finding from Prior Year: No. Recommendation: We recommend the District ensure time-certifications are reviewed for accuracy and the general ledger coding is consistent with the certifications. Response/Corrective Action Plan: Management is in agreement with the finding. See Corrective Action Plan.
Finding 2024-004
Federal Program Affected: SPED Cluster, ALN #84.027 and #84.173 Compliance Requirement: Activities Allowed/Allowable Costs Questioned Costs: None Condition and Cause: During our testing of payroll transactions, we noted two instances in which time-certification percentages did not agree to the amount charged to the grant. However, we were able to verify the employee was properly charged to the grant. Criteria and Effect: Uniform Guidance requires adequate documentation, including support for all time charged to federal grants. Incorrect documentation may result in noncompliance. Repeat Finding from Prior Year: No. Recommendation: We recommend the District ensure time-certifications are reviewed for accuracy and the general ledger coding is consistent with the certifications. Response/Corrective Action Plan: Management is in agreement with the finding. See Corrective Action Plan.
Finding 2024-004
Federal Program Affected: SPED Cluster, ALN #84.027 and #84.173 Compliance Requirement: Activities Allowed/Allowable Costs Questioned Costs: None Condition and Cause: During our testing of payroll transactions, we noted two instances in which time-certification percentages did not agree to the amount charged to the grant. However, we were able to verify the employee was properly charged to the grant. Criteria and Effect: Uniform Guidance requires adequate documentation, including support for all time charged to federal grants. Incorrect documentation may result in noncompliance. Repeat Finding from Prior Year: No. Recommendation: We recommend the District ensure time-certifications are reviewed for accuracy and the general ledger coding is consistent with the certifications. Response/Corrective Action Plan: Management is in agreement with the finding. See Corrective Action Plan.