FAC Explorer

Audit 40647

FY End
2022-06-30
Total Expended
$1.12M
Findings
4
Programs
13
Organization: Oglesby Esd No. 125 (IL)
Year: 2022 Accepted: 2022-10-30
Auditor: Newkirk & Associates INC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
46137 2022-001 Material Weakness Yes L
46138 2022-002 Material Weakness - L
622579 2022-001 Material Weakness Yes L
622580 2022-002 Material Weakness - L

Programs

ALN Program Spent Major Findings
84.425 Education Stabilization Fund $580,784 Yes 2
10.555 National School Lunch Program $181,217 - 0
84.027 Special Education_grants to States $134,720 - 0
84.010 Title I Grants to Local Educational Agencies $108,925 - 0
10.553 School Breakfast Program $38,160 - 0
84.367 Improving Teacher Quality State Grants $16,768 - 0
93.778 Medical Assistance Program $14,135 - 0
10.560 State Administrative Expenses for Child Nutrition $13,124 - 0
10.555 Commodities $12,899 - 0
10.555 Dept. of Defense- Fresh Fruits and Vegetables $9,387 - 0
84.173 Special Education_preschool Grants $4,795 - 0
10.556 Special Milk Program for Children $1,771 - 0
10.649 Pandemic Ebt Administrative Costs $614 - 0

Contacts

Name Title Type
XL68GNXS6LH8 Michael Pillion Auditee
8158839297 William Newkirk Auditor
No contacts on file

Notes to SEFA

Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Oglesby ESD 125 and is presented on the Regulatory Basis of Accounting as Prescribed by ISBE. The information in this schedule is presented in accordance with the requirements of the Office of Management and Budget Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the General-Purpose financial statements. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.

Finding Details

Finding 2022-001
The District must have functioning controls over financial reporting. The District does not have adequate internal controls and segregation of duties over financial reporting, and relies upon the auditor for this expertise. It was determined that District personnel do not have the expertise necessary to prepare external financial reports without assistance from the auditor and there is a lack of segregation of duties over payroll and cash disbursement functions.
Finding 2022-002
2 CFR section 200.302(b)(3-4) states ?The financial management system of each non-Federal entity must provide for the following? (3) Records that identify adequately the source and application of funds for federally-funded activities. These records must contain information pertaining to Federal awards, authorizations, financial obligations, unobligated balances, assets, expenditures, income and interest and be supported by source documentation. (4) Effective control over, and accountability for, all funds, property, and other assets. The non-Federal entity must adequately safeguard all assets and assure that they are used solely for authorized purposes.? During our audit we noted $13,612.46 of payroll expenditures were counted twice on the June 30, 2022. $13,612.46 was over claimed. This is the actual amount. We believe this was a clerical error and extrapolation wasn?t practical because of the nature of discrepancy it was difficult to quantify them against all grant expenditures as this appears to be an isolated clerical error.
Finding 2022-001
The District must have functioning controls over financial reporting. The District does not have adequate internal controls and segregation of duties over financial reporting, and relies upon the auditor for this expertise. It was determined that District personnel do not have the expertise necessary to prepare external financial reports without assistance from the auditor and there is a lack of segregation of duties over payroll and cash disbursement functions.
Finding 2022-002
2 CFR section 200.302(b)(3-4) states ?The financial management system of each non-Federal entity must provide for the following? (3) Records that identify adequately the source and application of funds for federally-funded activities. These records must contain information pertaining to Federal awards, authorizations, financial obligations, unobligated balances, assets, expenditures, income and interest and be supported by source documentation. (4) Effective control over, and accountability for, all funds, property, and other assets. The non-Federal entity must adequately safeguard all assets and assure that they are used solely for authorized purposes.? During our audit we noted $13,612.46 of payroll expenditures were counted twice on the June 30, 2022. $13,612.46 was over claimed. This is the actual amount. We believe this was a clerical error and extrapolation wasn?t practical because of the nature of discrepancy it was difficult to quantify them against all grant expenditures as this appears to be an isolated clerical error.