FAC Explorer

Audit 356485

FY End
2024-06-30
Total Expended
$2.25M
Findings
4
Programs
8
Organization: College Achieve Greater Asbury Park Charter School (NJ)
Year: 2024 Accepted: 2025-05-16
Auditor: Gerald D Longo CPA

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
560554 2024-002 Significant Deficiency - B
560555 2024-002 Significant Deficiency - B
1136996 2024-002 Significant Deficiency - B
1136997 2024-002 Significant Deficiency - B

Programs

ALN Program Spent Major Findings
84.425 Education Stabilization Fund $445,613 - 0
84.010 Title I Grants to Local Educational Agencies $358,119 Yes 1
84.027 Special Education_grants to States $140,076 Yes 1
10.553 School Breakfast Program $135,562 - 0
84.367 Improving Teacher Quality State Grants $33,060 - 0
10.555 National School Lunch Program $8,160 - 0
84.365 English Language Acquisition State Grants $3,000 - 0
10.649 Pandemic Ebt Administrative Costs $653 - 0

Contacts

Name Title Type
M5FBZ5VLK844 Micah Bender Auditee
7327740727 Gerald D Longo Auditor
No contacts on file

Notes to SEFA

Title: Summary of Significant Accounting Policies Accounting Policies: See attached De Minimis Rate Used: N Rate Explanation: The Assoc elected not to use the 10% de minimis indirect cost rate allowed by Uniform Guidence Note 1 - Basis of Presentation The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of Eagle Rock Senior Citizens’ Housing Association (the "Association"), HUD Project No. 031-EH-002-NP-WAH-L8, under programs of the federal government for the year ended March 31, 202. 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. Because the Schedule presents only a selected portion of the operations of the Association, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Association. Note 2 - Summary of Significant Accounting Policies Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following, as applicable, the cost principles contained in Uniform Guidance.

Finding Details

Finding 2024-002
The Charter School should ensure that federal funded employees have a completed time and effort certification and signed by the employee and a supervisory official. In addition, the charter school should institute policies and procedures to ensure all Board minutes clearly delineate the names, percentage of time spent on the program, and position titles of all staffmembers whose salaries and benefits are funded with Title 1 monies.
Finding 2024-002
The Charter School should ensure that federal funded employees have a completed time and effort certification and signed by the employee and a supervisory official. In addition, the charter school should institute policies and procedures to ensure all Board minutes clearly delineate the names, percentage of time spent on the program, and position titles of all staffmembers whose salaries and benefits are funded with Title 1 monies.
Finding 2024-002
The Charter School should ensure that federal funded employees have a completed time and effort certification and signed by the employee and a supervisory official. In addition, the charter school should institute policies and procedures to ensure all Board minutes clearly delineate the names, percentage of time spent on the program, and position titles of all staffmembers whose salaries and benefits are funded with Title 1 monies.
Finding 2024-002
The Charter School should ensure that federal funded employees have a completed time and effort certification and signed by the employee and a supervisory official. In addition, the charter school should institute policies and procedures to ensure all Board minutes clearly delineate the names, percentage of time spent on the program, and position titles of all staffmembers whose salaries and benefits are funded with Title 1 monies.