Audit 344991

FY End

2024-06-30

Total Expended

$3.52M

Findings

4

Programs

7

Organization: Irvington Community Schools, Inc. (IN)

Year: 2024 Accepted: 2025-03-06

Auditor: Donovan PC

Organization Exclusion Status:

Checking exclusion status...

ID	Ref	Severity	Repeat	Requirement
525853	2024-002	Significant Deficiency	Yes	I
525854	2024-002	Significant Deficiency	Yes	I
1102295	2024-002	Significant Deficiency	Yes	I
1102296	2024-002	Significant Deficiency	Yes	I

ALN	Program	Spent	Major	Findings
84.010	Title I Grants to Local Educational Agencies	$368,116	-	0
10.555	National School Lunch Program	$367,048	-	0
84.027	Special Education_grants to States	$178,976	-	0
10.553	School Breakfast Program	$61,371	-	0
84.367	Improving Teacher Quality State Grants	$54,233	-	0
84.425	Education Stabilization Fund	$48,472	Yes	1
84.424	Student Support and Academic Enrichment Program	$29,718	-	0

Contacts

Name	Title	Type
KMPGXCDJ5HN9	Rod Iberg	Auditee
3173573770	Jason Schultz	Auditor
No contacts on file

Notes to SEFA

Title: NOTE 1 - BASIS OF PRESENTATION Accounting Policies: 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. De Minimis Rate Used: N Rate Explanation: The School has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance. The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of Irvington Community Schools, Inc. (the School) 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 School, it is not intended to and does not present the financial position, change in net assets, functional expenses, or cash flows of the School.

Title: NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Accounting Policies: 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. De Minimis Rate Used: N Rate Explanation: The School has elected not to use the 10 percent de minimis indirect cost rate 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: NOTE 3 - INDIRECT COST RATE Accounting Policies: 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. De Minimis Rate Used: N Rate Explanation: The School has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance. The School has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.

Finding Details

Finding 2024-002

FINDING 2024-002 EQUIPMENT AND REAL PROPERTY MANAGEMENT SIGNIFICANT DEFICIENCY Federal Program: Education Stabilization Fund Assistance Listing Number: 84.425 Repeat Finding This is a repeat finding from the immediately prior audit report. The prior audit finding number was 2023-002. Criteria 2 CFR 200.313(d) contains equipment management requirements which dictate property records entities must maintain and the need for procedures to adequately safeguard and maintain assets acquired with federal funding. Condition Sufficient and appropriate documentation did not exist to support a physical inventory had been completed for all assets once in the last two years. Cause The School does not have internal controls and procedures in place to ensure a physical inventory is completed at least every two years. Effect Failing to complete an inventory could result in inaccurate records of assets. Recommendation We recommend the School develop internal controls to ensure an inventory is completed at least every two years. Views of Responsible Officials The School’s Corrective Action Plan is included on page 28.

Finding 2024-002

FINDING 2024-002 EQUIPMENT AND REAL PROPERTY MANAGEMENT SIGNIFICANT DEFICIENCY Federal Program: Education Stabilization Fund Assistance Listing Number: 84.425 Repeat Finding This is a repeat finding from the immediately prior audit report. The prior audit finding number was 2023-002. Criteria 2 CFR 200.313(d) contains equipment management requirements which dictate property records entities must maintain and the need for procedures to adequately safeguard and maintain assets acquired with federal funding. Condition Sufficient and appropriate documentation did not exist to support a physical inventory had been completed for all assets once in the last two years. Cause The School does not have internal controls and procedures in place to ensure a physical inventory is completed at least every two years. Effect Failing to complete an inventory could result in inaccurate records of assets. Recommendation We recommend the School develop internal controls to ensure an inventory is completed at least every two years. Views of Responsible Officials The School’s Corrective Action Plan is included on page 28.

Finding 2024-002

FINDING 2024-002 EQUIPMENT AND REAL PROPERTY MANAGEMENT SIGNIFICANT DEFICIENCY Federal Program: Education Stabilization Fund Assistance Listing Number: 84.425 Repeat Finding This is a repeat finding from the immediately prior audit report. The prior audit finding number was 2023-002. Criteria 2 CFR 200.313(d) contains equipment management requirements which dictate property records entities must maintain and the need for procedures to adequately safeguard and maintain assets acquired with federal funding. Condition Sufficient and appropriate documentation did not exist to support a physical inventory had been completed for all assets once in the last two years. Cause The School does not have internal controls and procedures in place to ensure a physical inventory is completed at least every two years. Effect Failing to complete an inventory could result in inaccurate records of assets. Recommendation We recommend the School develop internal controls to ensure an inventory is completed at least every two years. Views of Responsible Officials The School’s Corrective Action Plan is included on page 28.

Finding 2024-002

FINDING 2024-002 EQUIPMENT AND REAL PROPERTY MANAGEMENT SIGNIFICANT DEFICIENCY Federal Program: Education Stabilization Fund Assistance Listing Number: 84.425 Repeat Finding This is a repeat finding from the immediately prior audit report. The prior audit finding number was 2023-002. Criteria 2 CFR 200.313(d) contains equipment management requirements which dictate property records entities must maintain and the need for procedures to adequately safeguard and maintain assets acquired with federal funding. Condition Sufficient and appropriate documentation did not exist to support a physical inventory had been completed for all assets once in the last two years. Cause The School does not have internal controls and procedures in place to ensure a physical inventory is completed at least every two years. Effect Failing to complete an inventory could result in inaccurate records of assets. Recommendation We recommend the School develop internal controls to ensure an inventory is completed at least every two years. Views of Responsible Officials The School’s Corrective Action Plan is included on page 28.