FAC Explorer

Audit 348703

FY End
2024-06-30
Total Expended
$3.23M
Findings
2
Programs
14
Organization: Cripple Creek - Victor School District Re-1 (CO)
Year: 2024 Accepted: 2025-03-26
Auditor: Hoelting & Company INC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
537481 2024-008 Material Weakness Yes L
1113923 2024-008 Material Weakness Yes L

Programs

ALN Program Spent Major Findings
84.425 Education Stabilization Fund $1.25M Yes 0
93.600 Head Start $1.20M Yes 1
21.027 Coronavirus State and Local Fiscal Recovery Funds $271,674 - 0
84.010 Title I Grants to Local Educational Agencies $173,933 - 0
84.287 Twenty-First Century Community Learning Centers $117,539 - 0
84.358 Rural Education $35,327 - 0
10.553 School Breakfast Program $32,467 - 0
10.555 National School Lunch Program $14,916 - 0
84.367 Improving Teacher Quality State Grants $14,294 - 0
10.558 Child and Adult Care Food Program $9,487 - 0
93.434 Every Student Succeeds Act/preschool Development Grants $7,215 - 0
84.424 Student Support and Academic Enrichment Program $5,189 - 0
10.646 Summer Electonic Benefit Transfer $800 - 0
10.649 Pandemic Ebt Administrative Costs $653 - 0

Contacts

Name Title Type
QHCJWECMFJ76 Charlotte Lindaman Auditee
7196892685 Thomas G Sistare Auditor
No contacts on file

Notes to SEFA

Title: BASIS OF PRESENTATION Accounting Policies: Expenditures reported on the Schedule are reported on the modified-accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Pass-through entity identifying numbers are presented where available. De Minimis Rate Used: N Rate Explanation: Cripple Creek - Victor School District RE-1 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 Cripple Creek - Victor School District RE-1 under programs of the federal government for the year ended June 30, 2023. 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 Cripple Creek - Victor School District RE-1, it is not intended to and does not present the financial position, changes in net position, or cash flows of Cripple Creek - Victor School District RE-1.
Title: NON-CASH ASSISTANCE Accounting Policies: Expenditures reported on the Schedule are reported on the modified-accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Pass-through entity identifying numbers are presented where available. De Minimis Rate Used: N Rate Explanation: Cripple Creek - Victor School District RE-1 has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance. During the year end June 30, 2024, Cripple Creek - Victor School District RE-1 received $14,916 in noncash assistance in the form of food commodities. Valuation of commodities is based on fair market value at the time of receipt.

Finding Details

Finding 2024-008
Reporting for Head Start Federal program: ALN 93.600 Head Start Federal agency: U.S. Department of Health and Human Services Criteria: When the finance staff completes a SF-425, Federal Financial Report to request grant funds, it must verify the accuracy and completeness of the reports and that they agree with the underlying accounting records. Condition: SF-425, Federal Financial Reports submitted did not agree to the underlying accounting records. Cause: Controls to ensure annual financial reports are reconciled to the underlying accounting data were not followed. Effect: The District requested and received $60,829 more in reimbursements than earned. This amount was reclassified from revenue to unearned revenue. Questioned costs: The District requested and received $60,829 more in reimbursements than earned. This was computed by comparing total allowed expenses to reimbursements received. Context: Testing was performed over the total population of reimbursements. Statistical sampling was not used. Recommendation: Management should utilize existing control procedures to reconcile annual financial reports to the underlying accounting data. Views of responsible officials and planned corrective action: Management agrees with this finding and will utilize existing control procedures to reconcile annual financial reports to the underlying accounting data.
Finding 2024-008
Reporting for Head Start Federal program: ALN 93.600 Head Start Federal agency: U.S. Department of Health and Human Services Criteria: When the finance staff completes a SF-425, Federal Financial Report to request grant funds, it must verify the accuracy and completeness of the reports and that they agree with the underlying accounting records. Condition: SF-425, Federal Financial Reports submitted did not agree to the underlying accounting records. Cause: Controls to ensure annual financial reports are reconciled to the underlying accounting data were not followed. Effect: The District requested and received $60,829 more in reimbursements than earned. This amount was reclassified from revenue to unearned revenue. Questioned costs: The District requested and received $60,829 more in reimbursements than earned. This was computed by comparing total allowed expenses to reimbursements received. Context: Testing was performed over the total population of reimbursements. Statistical sampling was not used. Recommendation: Management should utilize existing control procedures to reconcile annual financial reports to the underlying accounting data. Views of responsible officials and planned corrective action: Management agrees with this finding and will utilize existing control procedures to reconcile annual financial reports to the underlying accounting data.