Audit 385666

FY End
2025-06-30
Total Expended
$2.39M
Findings
4
Programs
14
Organization: Leonia Board of Education (NJ)
Year: 2025 Accepted: 2026-02-05

Organization Exclusion Status:

Checking exclusion status...

Findings

ID Ref Severity Repeat Requirement
1172472 2025-001 Material Weakness Yes N
1172473 2025-001 Material Weakness Yes N
1172474 2025-001 Material Weakness Yes N
1172475 2025-001 Material Weakness Yes N

Contacts

Name Title Type
GNNKLJU2LNE9 Dr. Xanthy Karamanos Auditee
2013025200 Christopher Vinci Auditor
No contacts on file

Notes to SEFA

The District has not elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.

Finding Details

Our audit of the District's Food Service Fund revealed that net cash resources exceeded the average of three months' operating expenses by $85,639.