FAC Explorer

Audit 355002

FY End
2024-06-30
Total Expended
$1.49M
Findings
4
Programs
8
Organization: Grant Community Consolidated School District #110 (IL)
Year: 2024 Accepted: 2025-04-30
Auditor: F E W CPAS

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
558141 2024-003 Material Weakness - P
558142 2024-003 Material Weakness - P
1134583 2024-003 Material Weakness - P
1134584 2024-003 Material Weakness - P

Programs

ALN Program Spent Major Findings
84.425 Education Stabilization Fund $546,045 Yes 1
84.010 Title I Grants to Local Educational Agencies $351,342 - 0
84.027 Special Education Grants to States $172,216 Yes 1
10.553 School Breakfast Program $87,710 - 0
84.367 Supporting Effective Instruction State Grants (formerly Improving Teacher Quality State Grants) $32,453 - 0
10.555 National School Lunch Program $24,617 - 0
84.424 Student Support and Academic Enrichment Program $19,149 - 0
84.173 Special Education Preschool Grants $8,431 - 0

Contacts

Name Title Type
LJJKK8C345Y8 Matt Stines Auditee
6183985577 Matt Fisher Auditor
No contacts on file

Notes to SEFA

Title: SUBRECIPIENTS Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Grant Consolidated School District #110 and is presented on the modified cash basis of accounting. 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. De Minimis Rate Used: N Rate Explanation: The District has not elected to use the 10% de minimis indirect cost rate. None of the federal expenditures presented in the schedule were provided to sub-recipients.
Title: DESCRIPTIONS OF MAJOR FEDERAL PROGRAMS Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Grant Consolidated School District #110 and is presented on the modified cash basis of accounting. 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. De Minimis Rate Used: N Rate Explanation: The District has not elected to use the 10% de minimis indirect cost rate. The Special Education Cluster provides financial assistance to schools to assist them in providing special education and related services to eligible children with disabilities. The Education Stabilization Fund via the Elementary and Secondary School Emergency Relief Fund provides grants in support of ongoing Covid-19 recovery efforts.
Title: NON-CASH ASSISTANCE Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Grant Consolidated School District #110 and is presented on the modified cash basis of accounting. 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. De Minimis Rate Used: N Rate Explanation: The District has not elected to use the 10% de minimis indirect cost rate. Nonmonetary assistance is reported in the schedule at the fair value of the commodities received and disbursed. During fiscal year 2024, the District received food commodities totaling $10,155 from the Illinois State Board of Education and $14,462 from the Department of Defense Fresh Fruits and Vegetables program. These programs are part of the Federal Child Nutrition Cluster
Title: INSURANCE Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Grant Consolidated School District #110 and is presented on the modified cash basis of accounting. 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. De Minimis Rate Used: N Rate Explanation: The District has not elected to use the 10% de minimis indirect cost rate. The federal programs presented in the previous schedule did not have separate program specific insurance policies.
Title: LOANS/LOAN GUARANTEES/INTEREST SUBSIDIES Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Grant Consolidated School District #110 and is presented on the modified cash basis of accounting. 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. De Minimis Rate Used: N Rate Explanation: The District has not elected to use the 10% de minimis indirect cost rate. The federal programs presented in the previous schedule did not have any loans, loan guarantees, or interest subsidies associated with them.
Title: DONATED PERSONAL PROTECTIVE EQUIPMENT Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Grant Consolidated School District #110 and is presented on the modified cash basis of accounting. 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. De Minimis Rate Used: N Rate Explanation: The District has not elected to use the 10% de minimis indirect cost rate. The District did not receive any donated personal protective equipment during the year ended June 30, 2024.

Finding Details

Finding 2024-003
2024-003 Internal Controls over Preparation of the District’s Schedule of Expenditures of Federal Awards Condition: During the fiscal year ended June 30, 2024, components of the Schedule of Expenditures of Federal Awards (SEFA) were provided; however, a complete and accurate SEFA was not available for audit. Criteria: Prepare appropriate financial statements, including the Schedule of Expenditures of Federal Awards (SEFA), in accordance with federal OMB Uniform Guidance §200.510 Financial Statements. Effect: Lack of adequate controls over financial reporting of federal expenditures resulted in the inability to provide a complete and accurate Schedule of Expenditures of Federal Awards (SEFA). Accuracy of the SEFA is essential for selecting and testing major programs in accordance with OMB Uniform Guidance. Incomplete or inaccurate reporting may lead to improper selection and testing of compliance for major programs, potentially affecting the audit's reliability. Recommendation: We recommend that the District strengthen its policies and procedures to ensure that all federal expenditures are reported to one party within the District and that the one responsible party prepare an accurate, comprehensive list of federal revenues and expenditures for each fiscal year within 90 days of the fiscal year end. Response: The District agrees with the recommendation. Management will strengthen its policies and procedures to ensure that all federal expenditures are reported to one party within the District, and one responsible party will prepare an accurate, comprehensive list of federal revenues and expenditures for each fiscal year within.
Finding 2024-003
2024-003 Internal Controls over Preparation of the District’s Schedule of Expenditures of Federal Awards Condition: During the fiscal year ended June 30, 2024, components of the Schedule of Expenditures of Federal Awards (SEFA) were provided; however, a complete and accurate SEFA was not available for audit. Criteria: Prepare appropriate financial statements, including the Schedule of Expenditures of Federal Awards (SEFA), in accordance with federal OMB Uniform Guidance §200.510 Financial Statements. Effect: Lack of adequate controls over financial reporting of federal expenditures resulted in the inability to provide a complete and accurate Schedule of Expenditures of Federal Awards (SEFA). Accuracy of the SEFA is essential for selecting and testing major programs in accordance with OMB Uniform Guidance. Incomplete or inaccurate reporting may lead to improper selection and testing of compliance for major programs, potentially affecting the audit's reliability. Recommendation: We recommend that the District strengthen its policies and procedures to ensure that all federal expenditures are reported to one party within the District and that the one responsible party prepare an accurate, comprehensive list of federal revenues and expenditures for each fiscal year within 90 days of the fiscal year end. Response: The District agrees with the recommendation. Management will strengthen its policies and procedures to ensure that all federal expenditures are reported to one party within the District, and one responsible party will prepare an accurate, comprehensive list of federal revenues and expenditures for each fiscal year within.
Finding 2024-003
2024-003 Internal Controls over Preparation of the District’s Schedule of Expenditures of Federal Awards Condition: During the fiscal year ended June 30, 2024, components of the Schedule of Expenditures of Federal Awards (SEFA) were provided; however, a complete and accurate SEFA was not available for audit. Criteria: Prepare appropriate financial statements, including the Schedule of Expenditures of Federal Awards (SEFA), in accordance with federal OMB Uniform Guidance §200.510 Financial Statements. Effect: Lack of adequate controls over financial reporting of federal expenditures resulted in the inability to provide a complete and accurate Schedule of Expenditures of Federal Awards (SEFA). Accuracy of the SEFA is essential for selecting and testing major programs in accordance with OMB Uniform Guidance. Incomplete or inaccurate reporting may lead to improper selection and testing of compliance for major programs, potentially affecting the audit's reliability. Recommendation: We recommend that the District strengthen its policies and procedures to ensure that all federal expenditures are reported to one party within the District and that the one responsible party prepare an accurate, comprehensive list of federal revenues and expenditures for each fiscal year within 90 days of the fiscal year end. Response: The District agrees with the recommendation. Management will strengthen its policies and procedures to ensure that all federal expenditures are reported to one party within the District, and one responsible party will prepare an accurate, comprehensive list of federal revenues and expenditures for each fiscal year within.
Finding 2024-003
2024-003 Internal Controls over Preparation of the District’s Schedule of Expenditures of Federal Awards Condition: During the fiscal year ended June 30, 2024, components of the Schedule of Expenditures of Federal Awards (SEFA) were provided; however, a complete and accurate SEFA was not available for audit. Criteria: Prepare appropriate financial statements, including the Schedule of Expenditures of Federal Awards (SEFA), in accordance with federal OMB Uniform Guidance §200.510 Financial Statements. Effect: Lack of adequate controls over financial reporting of federal expenditures resulted in the inability to provide a complete and accurate Schedule of Expenditures of Federal Awards (SEFA). Accuracy of the SEFA is essential for selecting and testing major programs in accordance with OMB Uniform Guidance. Incomplete or inaccurate reporting may lead to improper selection and testing of compliance for major programs, potentially affecting the audit's reliability. Recommendation: We recommend that the District strengthen its policies and procedures to ensure that all federal expenditures are reported to one party within the District and that the one responsible party prepare an accurate, comprehensive list of federal revenues and expenditures for each fiscal year within 90 days of the fiscal year end. Response: The District agrees with the recommendation. Management will strengthen its policies and procedures to ensure that all federal expenditures are reported to one party within the District, and one responsible party will prepare an accurate, comprehensive list of federal revenues and expenditures for each fiscal year within.