FAC Explorer

Audit 88493

FY End
2022-06-30
Total Expended
$2.79M
Findings
2
Programs
11
Organization: Loyalsock Township School District (PA)
Year: 2022 Accepted: 2023-03-06
Auditor: Larson Kellett & Associates PC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
84268 2022-003 Significant Deficiency - P
660710 2022-003 Significant Deficiency - P

Programs

ALN Program Spent Major Findings
84.027 Special Education_grants to States $293,368 - 0
84.010 Title I Grants to Local Educational Agencies $281,070 - 0
10.553 School Breakfast Program $190,757 Yes 0
10.555 National School Lunch Program $84,311 Yes 0
84.425 Education Stabilization Fund $48,470 Yes 0
84.367 Improving Teacher Quality State Grants $43,761 - 0
84.424 Student Support and Academic Enrichment Program $19,479 - 0
84.041 Impact Aid $5,196 - 0
10.649 Pandemic Ebt Administrative Costs $3,063 - 0
84.173 Special Education_preschool Grants $2,842 - 0
93.778 Medical Assistance Program $1,082 - 0

Contacts

Name Title Type
PQ7MAGH9GS17 Dan Egly Auditee
5703266508 Brian C. Larson, CPA Auditor
No contacts on file

Notes to SEFA

Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: The auditee has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.

Finding Details

Finding 2022-003
Child Nutrition Cluster, COVID-19 National School Lunch Program - Assistance Listing 10.555; passed through the Pennsylvania Department of Education, Grant Period - Year Ended June 30, 2022. Criteria: Food Service Fund is accounted for using the accrual basis of accounting and the flow of all economic resources. This basis of accounting and measurement focus requires that revenues are recorded when earned. Condition: The District recognized revenue that was not earned as of year end. Cause: The District's schedule used to record changes in unearned revenue at year end included grant expenditures that did not occur until after year end. Effect: Food Service Fund unearned revenue was understated $7,606 and nonoperating revenue from federal sources was overstated $7,606. Questioned Costs: Not applicable. Perspective Information: Not applicable. Identification of Repeat Findings: Not applicable. Recommendation: The individuals who prepare and review the schedule to record changes in unearned revenue at year end should ensure grant expenditures agree to the underlying accounting records. Views of Responsible Officials: Management agrees with the finding. Planned Corrective Action: See District's corrective action plan.
Finding 2022-003
Child Nutrition Cluster, COVID-19 National School Lunch Program - Assistance Listing 10.555; passed through the Pennsylvania Department of Education, Grant Period - Year Ended June 30, 2022. Criteria: Food Service Fund is accounted for using the accrual basis of accounting and the flow of all economic resources. This basis of accounting and measurement focus requires that revenues are recorded when earned. Condition: The District recognized revenue that was not earned as of year end. Cause: The District's schedule used to record changes in unearned revenue at year end included grant expenditures that did not occur until after year end. Effect: Food Service Fund unearned revenue was understated $7,606 and nonoperating revenue from federal sources was overstated $7,606. Questioned Costs: Not applicable. Perspective Information: Not applicable. Identification of Repeat Findings: Not applicable. Recommendation: The individuals who prepare and review the schedule to record changes in unearned revenue at year end should ensure grant expenditures agree to the underlying accounting records. Views of Responsible Officials: Management agrees with the finding. Planned Corrective Action: See District's corrective action plan.