FAC Explorer

Audit 381099

FY End
2025-06-30
Total Expended
$18.42M
Findings
1
Programs
6
Organization: Oxford Preparatory School (NC)
Year: 2025 Accepted: 2026-01-13
Auditor: SHARPE PATEL PLLC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1168840 2025-001 Material Weakness Yes A

Programs

ALN Program Spent Major Findings
10.766 Community Facilities Loans and Grants $3.20M Yes 0
84.027 SPECIAL EDUCATION GRANTS TO STATES $176,207 Yes 0
84.010 TITLE I GRANTS TO LOCAL EDUCATIONAL AGENCIES $145,197 Yes 1
84.358 RURAL EDUCATION $31,297 Yes 0
84.367 SUPPORTING EFFECTIVE INSTRUCTION STATE GRANTS (FORMERLY IMPROVING TEACHER QUALITY STATE GRANTS) $26,668 Yes 0
84.424 STUDENT SUPPORT AND ACADEMIC ENRICHMENT PROGRAM $10,000 Yes 0

Contacts

Name Title Type
HLEWBDQYLKL6 Andrew Swanner Auditee
9196900360 Jay Sharpe Auditor
No contacts on file

Notes to SEFA

The accompanying schedule of expenditures of federal and State awards ("SEFSA") includes the federal and State grant activity of Oxford Prepartory School, Inc. under the programs of the federal government and the State of North Carolina for the year ended June 30, 2025. The information in this SEFSA is presented in accordance with the requirements of Title 2 US Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards and the State Single Audit Implementation Act. 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 position, or cash flows of the School.
Oxford Preparatory Academy has the following loan balances outstanding at June 30, 2025 for loans that still have imposed continuing compliance requirements. Loans outstanding at the beginning of the year and loans made during the year are included in the SEFSA. The balance of loans outstanding at June 30, 2025 consist of:

Finding Details

Finding 2025-001
The Uniform Guidance requires that the audit be submitted to the Federal Audit Clearinghouse by the earlier of thirty days after issuance of the auditor’s reports or nine months after the period’s end date. The School failed to submit the audit package within thirty days after issuance and is therefore not in compliance with this requirement.