FAC Explorer

Audit 368752

FY End
2024-12-31
Total Expended
$1.95M
Findings
1
Programs
1
Organization: Illinois Network of Charter Schools (IL)
Year: 2024 Accepted: 2025-09-29
Auditor: Ostrow Reisin Berk & Abrams LTD

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1156451 2024-001 Material Weakness Yes L

Programs

ALN Program Spent Major Findings
84.282 Charter Schools $1.95M Yes 1

Contacts

Name Title Type
ZJ7CXFSNLGT3 Andrew Broy Auditee
3126292063 Kevin Omahen Auditor
No contacts on file

Notes to SEFA

The accompanying schedule of expenditures of federal awards (schedule) includes the federal grant activity of Illinois Network of Charter Schools and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) 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 Illinois Network of Charter Schools, it is not intended to and does not present the financial position, changes in net assets or cash flows of Illinois Network of Charter Schools.
There were no insurance, loans, or loan guarantees outstanding as of and for the year ended December 31, 2024.
Amounts provided to subrecipients from any federal program during the year ended December 31, 2024 are reported on the schedule of expenditures of federal awards.
There were no federal awards for endowment funds that are federally restricted at year-end.
There were no non-cash commodities expended during the year ended December 31, 2024.
Illinois Network of Charter Schools has elected to use the 10 percent de minimus indirect cost rate under the Uniform Guidance.

Finding Details

Finding 2024-001
Condition The subawards under the Charter Schools program grant for the year ended December 31, 2024 were not filed by the deadline for any of the subawards made by Illinois Network of Charter Schools (the Organization). Criteria In accordance with the Federal Funding Accountability and Transparency Act (FFATA), grant recipients are required to report all subawards made under federal grants that are funded at $30,000 or more no later than the end of the month following the month in which the subaward obligation was made. Cause and Effect The Organization failed to report any subawards as a result of lack of knowledge regarding this reporting requirement. Questioned Costs None noted. Recommendation We recommend that management evaluate and update their subaward granting policy to ensure that the required FFATA reporting is completed timely. Views of Responsible Officials and Planned Corrective Actions Management will ensure that the subaward information is reported to FFATA no later than the end of the month following the date of obligation, consistent with 2 CFR § 170.200 and related guidance. To date, management has complied with certain FFATA requirements by registering in sam.gov, obtaining a Unique Entity Identifier, and maintaining an active registration. Going forward, management will implement procedures to ensure timely and accurate submission of subaward data in accordance with FFATA requirements.