FAC Explorer

Finding 1079454 (2022-001)

Significant Deficiency
Requirement
C
Questioned Costs
-
Year
2022
Accepted
2024-10-16
Audit: 324961
Organization: Southern Avenue Charter Elementary School of Academic Excellence and Creative Arts (TN)
Auditor: Booker T Camper JR CPA

AI Summary

  • Issue: A cash shortage of $23,550 was caused by unauthorized fund withdrawals by the payroll specialist.
  • Trend: This incident was reported to both the Tennessee Comptroller and local police, indicating a serious breach of trust.
  • Follow-up: Monitor for restitution payments, as none have been received by June 30, 2022.

Finding Text

Cash Shortage of $ 23,550.00 by the payroll specialist as unauthorized abstradtion of funds for personal benefit was reported for FY22 to the Tennessee Comptroller of the Treasurey and the Memphis & County Police Department. Althougha promissory note has been received, no restitution payments have been returned to the Academy as of June 30, 2022.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 503012 2022-001
    Significant Deficiency
  • 503013 2022-002
    Significant Deficiency
  • 503014 2022-003
    Significant Deficiency
  • 1079455 2022-002
    Significant Deficiency
  • 1079456 2022-003
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
84.425 Education Stabilization Fund $317,766
84.010 Title I Grants to Local Educational Agencies $174,124
10.553 School Breakfast Program $31,791