Finding Text
Data collection to be completed timely
Assistance Listing Number, Federal Agency, and Program Name: Assistance Listing Number 84.425, Department of Education, Education Stabilization Fund and 84.367, Supporting Effective Instruction State Grants (formerly Improving Teacher Quality State Grants)
Federal Award Identification Number and Year: 213713 & 240520
Pass-through Entity: Michigan Department of Education
Finding Type: Material weakness over compliance and internal controls over compliance
Criteria: Per 2 CFR 200.512(a)(1), the audit must be completed, and the data collection form described in paragraph (b) of this section and reporting package described in paragraph (c) of this section must be submitted within the earlier of 30 calendar days after receipt of the auditor's report(s), or nine months after the end of the audit period. Per 2 CFR 200.501(b), a non Federal entity that expends $750,000 or more during the non-Federal entity's fiscal year in Federal awards must have a single audit conducted in accordance with§ 200.514.
Condition: The data collection form was not submitted within the required time as required by 2 CFR 200.512 for the year ended June 30, 2023.
Cause: The Academy's books and records for the 2023 fiscal year were not reconciled or closed in a timely manner. The data collection forms were not submitted within the required time.
Effect: Data collection forms were not submitted on time.
Recommendation: We recommend that the Academy develop a reliable system to close the financial records in a timely manner.
View of responsible officials and planned corrective action plan:
Management agrees with the finding. See corrective action plan.