FAC Explorer

Audit 406173

FY End
2024-09-30
Total Expended
$2.26M
Findings
3
Programs
7
Organization: LIFE Academy (AL)
Year: 2024 Accepted: 2026-06-30
Auditor: SCHOOL CHOICE CPA & ASSOCIATES

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1222571 2024-002 Material Weakness Yes L
1222572 2024-003 Material Weakness Yes A
1222573 2024-004 Material Weakness Yes A

Programs

ALN Program Spent Major Findings
84.425 EDUCATION STABILIZATION FUND $1.14M Yes 1
10.555 NATIONAL SCHOOL LUNCH PROGRAM $279,247 Yes 0
84.282 CHARTER SCHOOLS $239,555 Yes 0
84.027 SPECIAL EDUCATION GRANTS TO STATES $120,193 Yes 0
10.553 SCHOOL BREAKFAST PROGRAM $83,833 Yes 0
84.367 SUPPORTING EFFECTIVE INSTRUCTION STATE GRANTS (FORMERLY IMPROVING TEACHER QUALITY STATE GRANTS) $29,794 Yes 0
84.424 STUDENT SUPPORT AND ACADEMIC ENRICHMENT PROGRAM $18,992 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, 2024. 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 2024-002
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 2024-003
1. Management did not ensure related program expenditures were incurred prior to reimbursement; 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 2024-004
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. 3. Employees did not and were not required to complete periodic timesheets to verify the time worked on federal and non-federal programs and activities were complete or accurate.