Audit 4620

FY End
2023-06-30
Total Expended
$2.43M
Findings
2
Programs
12
Year: 2023 Accepted: 2023-11-29

Organization Exclusion Status:

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Findings

ID Ref Severity Repeat Requirement
2714 2023-001 Significant Deficiency - B
579156 2023-001 Significant Deficiency - B

Contacts

Name Title Type
DJ25GNMDLJL7 Holly Eggleston Auditee
2076963323 Craig Costello Auditor
No contacts on file

Notes to SEFA

Title: NONCASH AWARDS Accounting Policies: The information presented in the Schedule of Expenditures of Federal Awards is presented on a basis consistent with the Unit's general-purpose financial statements. The grants included are all accounted for on a modified accrual basis of accounting which is described in the notes to the financial statements. De Minimis Rate Used: Y Rate Explanation: The Unit has elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. The amount of $40,589 reported on the schedule is the value of commodities received by the Unit during the current year and priced as prescribed by USDA is included in the National school lunch program total.
Title: CHILD NUTRITION CLUSTER Accounting Policies: The information presented in the Schedule of Expenditures of Federal Awards is presented on a basis consistent with the Unit's general-purpose financial statements. The grants included are all accounted for on a modified accrual basis of accounting which is described in the notes to the financial statements. De Minimis Rate Used: Y Rate Explanation: The Unit has elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. The District commingles cash receipts from the U.S. Department of Agriculture with similar State grants. When reporting expenditures on this Schedule, the Unit assumes it expends federal monies first.
Title: GRANT TRANSFERS Accounting Policies: The information presented in the Schedule of Expenditures of Federal Awards is presented on a basis consistent with the Unit's general-purpose financial statements. The grants included are all accounted for on a modified accrual basis of accounting which is described in the notes to the financial statements. De Minimis Rate Used: Y Rate Explanation: The Unit has elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. As described in the U.S. Department of Education Cross-Cutting Section, sections III.A.3, Activities Allowed or Unallowed – Transferability (SEAs and LEAs) and IV.3. Other Information – Transferability of the 2022 OMB Compliance Supplement, expenditures of funds should be included in the audit universe and total expenditures of the receiving program. For fiscal year 2022, the District transferred Title IV, Part A (AL 84.424) expenditures to its Title I, Part A (AL 84.010) program as submitted to the State of Maine Department of Education in its consolidated application and as denoted on the Schedule of Expenditures of Federal Awards. As such, Title IV, Part A (AL 84.424) expenditures were included as part of Title I, Part A (AL 84.010).

Finding Details

Recommendation: We recommend that the client review year-end procedures to ensure all expenses are correctly accrued as accounts payable if necessary.
Recommendation: We recommend that the client review year-end procedures to ensure all expenses are correctly accrued as accounts payable if necessary.