FAC Explorer

Audit 48914

FY End
2022-06-30
Total Expended
$3.09M
Findings
6
Programs
11
Organization: Chenango Forks Central School District (NY)
Year: 2022 Accepted: 2022-10-30
Auditor: Insero & CO Cpa's LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
41568 2022-001 - Yes C
41569 2022-001 - Yes C
41570 2022-001 - Yes C
618010 2022-001 - Yes C
618011 2022-001 - Yes C
618012 2022-001 - Yes C

Programs

ALN Program Spent Major Findings
84.425 Education Stabilization Fund $750,200 Yes 0
10.553 School Breakfast Program $622,420 - 1
84.010 Title I Grants to Local Educational Agencies $347,144 - 0
10.555 National School Lunch Program $157,710 - 1
97.036 Disaster Grants - Public Assistance (presidentially Declared Disasters) $136,992 - 0
84.367 Improving Teacher Quality State Grants $87,735 - 0
10.559 Summer Food Service Program for Children $29,105 - 1
84.424 Student Support and Academic Enrichment Program $24,228 - 0
84.173 Special Education_preschool Grants $6,863 - 0
84.027 Special Education_grants to States $6,599 - 0
84.031 Higher Education_institutional Aid $410 - 0

Contacts

Name Title Type
K6SHDSYWBS77 Michael Auditee
6076487564 Evan Cleveland Auditor
No contacts on file

Notes to SEFA

Accounting Policies: Note 1 Basis of Presentation The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal awards programs administered by the School District, an entity as defined in Note 1 to the School District's basic financial statements. Federal awards received directly from federal agencies, as well as federal awards passed through from other government agencies, are included on the Schedule of Expenditures of Federal Awards. Note 2 Basis of Accounting The basis of accounting varies by federal program consistent with the underlying regulations pertaining to each program. The information 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 (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in preparation of, the financial statements. Note 3 Indirect Costs Indirect costs are included in the reported expenditures to the extent they are included in the federal financial reports used as the source for the data presented. The School District has not elected to use the 10% de minimus cost rate. Note 4 Matching Costs Matching costs, such as the School District's share of certain program costs, are not included in the reported expenditures. Note 5 Non-Monetary Federal Program The School District is the recipient of a federal award program that does not result in cash receipts or disbursements termed a non-monetary program. During the year ended June 30, 2022, the School District received $22,514 worth of commodities under the National School Lunch Program (ALN #10.555). Note 6 Subrecipients No amounts were provided to subrecipients. Note 7 Other Disclosures No insurance is carried specifically to cover equipment purchased with Federal Funds. Any equipment purchased with Federal Funds has only a nominal value and is covered by the School Districts casualty insurance policies. There were no loans or loan guarantees outstanding at year end. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.

Finding Details

Finding 2022-001
2022-001 Net Cash Resources 10.553, 10.555, 10.559 - Child Nutrition Cluster Condition: At June 30, 2022, net cash resources in the School Lunch Fund exceeded the allowable limit by $217,396. Criteria: The school food authority shall limit its net cash resources to an amount that does not exceed three months' average expenditures for its School Lunch Fund or such other amount as may be approved by the New York State agency in accordance with 7 CFR ?210.19(a). Cause: Revenues exceeded expenditures by $197,424 in the School Lunch Fund for the year ended June 30, 2022, and no interfund transfer from the General Fund was needed. Expenditures in the School Lunch Fund were 32% higher in the 2021-2022 fiscal year due to COVID-19. As a result, the base used to calculate the allowable limit was considerably increased. Also contributing to the excess cash resources was an excess of revenues over expenditures. Effect: The School District is not in compliance with 7 CFR ?210.19(a). Repeat Finding: The finding is a repeat of findingThe 2021-001 from the prior year. Recommendation: Management Response: The School District agrees with condition, cause, and recommendation. We recommend the School District review its net cash resources in the School Lunch Fund and develop a plan to reduce them to an allowable amount.
Finding 2022-001
2022-001 Net Cash Resources 10.553, 10.555, 10.559 - Child Nutrition Cluster Condition: At June 30, 2022, net cash resources in the School Lunch Fund exceeded the allowable limit by $217,396. Criteria: The school food authority shall limit its net cash resources to an amount that does not exceed three months' average expenditures for its School Lunch Fund or such other amount as may be approved by the New York State agency in accordance with 7 CFR ?210.19(a). Cause: Revenues exceeded expenditures by $197,424 in the School Lunch Fund for the year ended June 30, 2022, and no interfund transfer from the General Fund was needed. Expenditures in the School Lunch Fund were 32% higher in the 2021-2022 fiscal year due to COVID-19. As a result, the base used to calculate the allowable limit was considerably increased. Also contributing to the excess cash resources was an excess of revenues over expenditures. Effect: The School District is not in compliance with 7 CFR ?210.19(a). Repeat Finding: The finding is a repeat of findingThe 2021-001 from the prior year. Recommendation: Management Response: The School District agrees with condition, cause, and recommendation. We recommend the School District review its net cash resources in the School Lunch Fund and develop a plan to reduce them to an allowable amount.
Finding 2022-001
2022-001 Net Cash Resources 10.553, 10.555, 10.559 - Child Nutrition Cluster Condition: At June 30, 2022, net cash resources in the School Lunch Fund exceeded the allowable limit by $217,396. Criteria: The school food authority shall limit its net cash resources to an amount that does not exceed three months' average expenditures for its School Lunch Fund or such other amount as may be approved by the New York State agency in accordance with 7 CFR ?210.19(a). Cause: Revenues exceeded expenditures by $197,424 in the School Lunch Fund for the year ended June 30, 2022, and no interfund transfer from the General Fund was needed. Expenditures in the School Lunch Fund were 32% higher in the 2021-2022 fiscal year due to COVID-19. As a result, the base used to calculate the allowable limit was considerably increased. Also contributing to the excess cash resources was an excess of revenues over expenditures. Effect: The School District is not in compliance with 7 CFR ?210.19(a). Repeat Finding: The finding is a repeat of findingThe 2021-001 from the prior year. Recommendation: Management Response: The School District agrees with condition, cause, and recommendation. We recommend the School District review its net cash resources in the School Lunch Fund and develop a plan to reduce them to an allowable amount.
Finding 2022-001
2022-001 Net Cash Resources 10.553, 10.555, 10.559 - Child Nutrition Cluster Condition: At June 30, 2022, net cash resources in the School Lunch Fund exceeded the allowable limit by $217,396. Criteria: The school food authority shall limit its net cash resources to an amount that does not exceed three months' average expenditures for its School Lunch Fund or such other amount as may be approved by the New York State agency in accordance with 7 CFR ?210.19(a). Cause: Revenues exceeded expenditures by $197,424 in the School Lunch Fund for the year ended June 30, 2022, and no interfund transfer from the General Fund was needed. Expenditures in the School Lunch Fund were 32% higher in the 2021-2022 fiscal year due to COVID-19. As a result, the base used to calculate the allowable limit was considerably increased. Also contributing to the excess cash resources was an excess of revenues over expenditures. Effect: The School District is not in compliance with 7 CFR ?210.19(a). Repeat Finding: The finding is a repeat of findingThe 2021-001 from the prior year. Recommendation: Management Response: The School District agrees with condition, cause, and recommendation. We recommend the School District review its net cash resources in the School Lunch Fund and develop a plan to reduce them to an allowable amount.
Finding 2022-001
2022-001 Net Cash Resources 10.553, 10.555, 10.559 - Child Nutrition Cluster Condition: At June 30, 2022, net cash resources in the School Lunch Fund exceeded the allowable limit by $217,396. Criteria: The school food authority shall limit its net cash resources to an amount that does not exceed three months' average expenditures for its School Lunch Fund or such other amount as may be approved by the New York State agency in accordance with 7 CFR ?210.19(a). Cause: Revenues exceeded expenditures by $197,424 in the School Lunch Fund for the year ended June 30, 2022, and no interfund transfer from the General Fund was needed. Expenditures in the School Lunch Fund were 32% higher in the 2021-2022 fiscal year due to COVID-19. As a result, the base used to calculate the allowable limit was considerably increased. Also contributing to the excess cash resources was an excess of revenues over expenditures. Effect: The School District is not in compliance with 7 CFR ?210.19(a). Repeat Finding: The finding is a repeat of findingThe 2021-001 from the prior year. Recommendation: Management Response: The School District agrees with condition, cause, and recommendation. We recommend the School District review its net cash resources in the School Lunch Fund and develop a plan to reduce them to an allowable amount.
Finding 2022-001
2022-001 Net Cash Resources 10.553, 10.555, 10.559 - Child Nutrition Cluster Condition: At June 30, 2022, net cash resources in the School Lunch Fund exceeded the allowable limit by $217,396. Criteria: The school food authority shall limit its net cash resources to an amount that does not exceed three months' average expenditures for its School Lunch Fund or such other amount as may be approved by the New York State agency in accordance with 7 CFR ?210.19(a). Cause: Revenues exceeded expenditures by $197,424 in the School Lunch Fund for the year ended June 30, 2022, and no interfund transfer from the General Fund was needed. Expenditures in the School Lunch Fund were 32% higher in the 2021-2022 fiscal year due to COVID-19. As a result, the base used to calculate the allowable limit was considerably increased. Also contributing to the excess cash resources was an excess of revenues over expenditures. Effect: The School District is not in compliance with 7 CFR ?210.19(a). Repeat Finding: The finding is a repeat of findingThe 2021-001 from the prior year. Recommendation: Management Response: The School District agrees with condition, cause, and recommendation. We recommend the School District review its net cash resources in the School Lunch Fund and develop a plan to reduce them to an allowable amount.