FAC Explorer

Audit 369385

FY End
2024-07-31
Total Expended
$969,752
Findings
1
Programs
2
Organization: Summer Scholars (CO)
Year: 2024 Accepted: 2025-09-30
Auditor: Jds Professional Group

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1157058 2024-001 Material Weakness Yes P

Programs

ALN Program Spent Major Findings
84.287 Twenty-First Century Community Learning Centers $901,545 Yes 1
84.425 Education Stabilization Fund $68,207 Yes 0

Contacts

Name Title Type
MGHSG167ADC6 Abenicio Real Auditee
3033550290 Jill Korenek Auditor
No contacts on file

Notes to SEFA

The schedule of expenditures of federal awards has been prepared on an accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and also 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 for all new federal awards received on or after December 26, 2014, and for funding increments (additional funding on existing awards) with modified terms and conditions that are awarded on or after that date. Because the schedule of expenditures of federal awards presents only a selected portion of the operations of the Organization, it is not intended to, and does not present, the financial position, changes in net assets, or cash flows of the Organization.

Finding Details

Finding 2024-001
Finding 2024-001: U.S. Department of Education passed through Colorado Department of Education - Twenty-First Century Community Leaming Centers - Criteria: Condition: Effect: Assistance Listing No.84.287 Reporting, Significant Deficiency CFR Section 200.512 requires auditees to submit a completed Form SF-SAC (data collection form), along with one complete reporting package, to the Federal Audit Clearinghouse on/before the earlier of 30 days after receipt of the auditor's report or nine months after the end of the audit period. The data collection report was not submitted by the filing deadline for the year ended July 31, 2023. The Organization is at risk of jeopardizing the continued funding provided by federal agencies. Questioned Costs: None. Cause: Filing of the data collection form for the year ended July 31, 2023, was delayed as the result of turnover in the Organization's finance department that required additional resources to reconcile year-end balances and provide support for audit requests timely.Recommendation: We recommend that the Organization implement processes to ensure compliance with all reporting requirements. Response: In response to the audit finding regarding federal reporting requirements, we have developed a structured calendar and timeline that outlines all target dates and deliverables to ensure full compliance moving forward. This timeline includes clearly defined reporting deadlines, assigned responsibilities for each deliverable and internal checkpoints to monitor progress and ensure timely submission.