FAC Explorer

Audit 402683

FY End
2023-09-30
Total Expended
$752,609
Findings
3
Programs
6
Organization: LIFE Academy (AL)
Year: 2023 Accepted: 2026-05-31
Auditor: SCHOOL CHOICE CPA & ASSOCIATES

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1216199 2023-002 Material Weakness Yes L
1216200 2023-003 Material Weakness Yes A
1216201 2023-004 Material Weakness Yes A

Programs

ALN Program Spent Major Findings
84.282 CHARTER SCHOOLS $239,555 Yes 0
10.555 NATIONAL SCHOOL LUNCH PROGRAM $197,172 Yes 1
10.553 SCHOOL BREAKFAST PROGRAM $101,762 Yes 0
84.027 SPECIAL EDUCATION GRANTS TO STATES $27,763 Yes 0
84.367 SUPPORTING EFFECTIVE INSTRUCTION STATE GRANTS (FORMERLY IMPROVING TEACHER QUALITY STATE GRANTS) $26,381 Yes 0
84.424 STUDENT SUPPORT AND ACADEMIC ENRICHMENT PROGRAM $18,014 Yes 0

Contacts

Name Title Type
FSR9GM8M2G35 Crystal Billingsley Auditee
3343150106 Alex Christopoulos Auditor
No contacts on file

Notes to SEFA

The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of Ladies Influencing Freedom and Excellence, Inc., D/B/A Life Academy (the “Academy”) under programs of the federal government for the year ended September 30, 2023. The information in the 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 (the “Uniform Guidance”). Because the Schedule presents only a selected portion of the operations of the Academy, it is not intended to and does not present the financial position, changes in net position, or cash flows of the Academy. The College includes loans granted under the Federal Direct Student Loan Program as expenditures of federal awards.
Expenditures reported in the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
The Academy has elected not to use the 10 percent de minimis indirect cost rate to recover indirect costs, as allowed under the Uniform Guidance.

Finding Details

Finding 2023-002
Management did not obtain the required audits for entities that expend federal funds in excess of $750,000 in accordance with Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
Finding 2023-003
1. Management did not ensure related program expenditures were incurred prior to reimbursement, resulting in an overdraw of federal Program funds of approximately $100,316; 2. Documentation could not be provided to support the drawdowns performed for the Program; 3. The Academy failed to document proper approval of purchases prior to disbursement of federal funds; and 4. The Academy did not maintain documentation of expenditures charged to the Program; therefore, we could not determine if certain costs were allowable.
Finding 2023-004
1. The Academy failed to document proper approval of purchases prior to disbursement of federal funds; and 2. The Academy did not maintain documentation of expenditures charged to the Program; therefore, we could not determine if certain costs were allowable.