FAC Explorer

Audit 372446

FY End
2025-06-30
Total Expended
$914,718
Findings
1
Programs
4
Organization: Indiana Agriculture Education, Inc. (IN)
Year: 2025 Accepted: 2025-11-21
Auditor: DONOVAN PC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1162805 2025-001 Material Weakness Yes I

Programs

ALN Program Spent Major Findings
84.282 CHARTER SCHOOLS $788,932 Yes 1
84.027 SPECIAL EDUCATION_GRANTS TO STATES $61,025 Yes 0
84.358 RURAL EDUCATION $60,492 Yes 0
84.367 IMPROVING TEACHER QUALITY STATE GRANTS $4,269 Yes 0

Contacts

Name Title Type
KFAPU5URA1R6 Keith Marsh Auditee
3179531305 Jason Schultz Auditor
No contacts on file

Notes to SEFA

The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Indiana Agriculture Education, Inc. d/b/a Indiana Agriculture & Technology School (the School) under programs of the federal government for the year ended June 30, 2025. 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 the School, it is not intended to and does not present the financial position, changes in net deficit, functional expenses, or cash flows of the School.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
The School elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.

Finding Details

Finding 2025-001
FINDING 2025-001 SUSPENSION AND DEBARMENT SIGNIFICANT DEFICIENCY Federal Program: Charter Schools Program Assistance Listing Number: 84.282A Criteria 2 CFR 200.214 states that recipients and subrecipients are subject to the nonprocurement debarment and suspension regulations implementing Executive Orders 12549 and 12689, as well as 2 CFR part 180. The regulations in 2 CFR part 180 restrict making Federal awards, subawards, and contracts with certain parties that are debarred, suspended, or otherwise excluded from receiving or participating in Federal awards. Condition The School does not have a policy in place outlining the process to check that vendors are not suspended or debarred. Additionally, the School could not support that these checks were being completed for vendors paid using federal program funds. Cause The School was not aware of the requirement to check vendors for suspension and debarment. Effect Failing to check vendors for suspension and debarment could result in improperly paying vendors with funds from federal sources. Recommendation We recommend the School develop a policy and internal controls to ensure vendors paid with federal funds are checked for suspension or debarment. Views of Responsible Officials The School’s Corrective Action Plan is included on page 26.