FAC Explorer

Audit 385564

FY End
2025-06-30
Total Expended
$1.56M
Findings
6
Programs
7
Organization: Eagle Advantage Schools, Iync Dba Advantage Academ (TX)
Year: 2025 Accepted: 2026-02-04
Auditor: SUTTON FROST CARY LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1172427 2025-001 Material Weakness Yes L
1172428 2025-001 Material Weakness Yes L
1172429 2025-001 Material Weakness Yes L
1172430 2025-002 Material Weakness Yes B
1172431 2025-002 Material Weakness Yes B
1172432 2025-002 Material Weakness Yes B

Programs

ALN Program Spent Major Findings
84.010 TITLE I GRANTS TO LOCAL EDUCATIONAL AGENCIES $430,350 Yes 0
10.555 NATIONAL SCHOOL LUNCH PROGRAM $401,594 Yes 2
84.425 EDUCATION STABILIZATION FUND $153,032 Yes 0
84.027 SPECIAL EDUCATION GRANTS TO STATES $123,119 Yes 0
84.424 STUDENT SUPPORT AND ACADEMIC ENRICHMENT PROGRAM $111,528 Yes 0
10.553 SCHOOL BREAKFAST PROGRAM $101,587 Yes 2
84.365 ENGLISH LANGUAGE ACQUISITION STATE GRANTS $17,954 Yes 0

Contacts

Name Title Type
QJJDMZP4K6D7 Daiann Mooney Auditee
8663779757 Deanna Frisby Auditor
No contacts on file

Notes to SEFA

The accompanying schedule of expenditures of federal awards (Schedule) includes the federal grant activity of Eagle Advantage Schools, Inc. dba Advantage Academy (Advantage Academy). The information in this schedule is presented in accordance with the requirements of Title 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 Advantage Academy, it is not intended to and does not present the financial position, changes in net assets or cash flows of Advantage Academy.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Advantage Academy has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Food commodities are recognized as federal expenditures when distributed. Distributed food is reported in the Schedule under the National School Lunch Program and is valued based on amounts reported to Advantage Academy by the Texas Department of Agriculture. These amounts are considered to be non-cash assistance to Advantage Academy.Advantage Academy received non-cash assistance in the form of food commodities totaling $44,241 for the ten-month period ended June 30, 2025.

Finding Details

Finding 2025-001
Finding 2025-001: Reporting – Significant deficiency in internal controls over compliance.Child Nutrition Cluster, ALN 10.553/10.555Criteria: Section 200 of the Code of Federal Regulations requires recipients to implement robust internal controls to ensure compliance for all required reporting submissions.Condition: During reporting testing for federal grants, 4 out of 4 monthly claims for reimbursements did not have documented support of review and approval prior to the claim being submitted.Cause: The School did not have a standard procedure in place to document management’s review and approval for monthly claims for reimbursements.Effect: The School’s reporting of monthly claims for reimbursement are not fully documented in accordance with internal control procedures over compliance.Questioned Costs: None.Recommendation: Management should implement controls to ensure related documentation of approval for all monthly claims for reimbursement prior to submission.
Finding 2025-002
Finding 2025-002: Allowable cost-Significant deficiency in internal controls over compliance.Child Nutrition Cluster, ALN 10.553/10.555Criteria: Section 200 of the Code of Federal Regulations requires recipients to implement robust internal controls to ensure compliance with allowable cost principles.Condition: During allowable cost testing for nonpayroll expenditures 1 out of 9 samples tested did not have documentation of prior approval for the expense.Cause: Control activities were not fully documented in accordance with the School’s internal control procedures over compliance.Questioned Costs: None.Recommendation: Management should ensure that controls are followed related to documentation of prior approval for expenses.