Finding 1088669 (2024-002)

Significant Deficiency
Requirement
L
Questioned Costs
-
Year
2024
Accepted
2024-11-26
Audit: 329993
Auditor: Ncheng LLP

AI Summary

  • Issue: The revised final expenditure report for ESSER II was filed late.
  • Impact: The delay prevented the School from receiving $476,299 in reimbursements.
  • Follow-up: Regular analysis and reconciliation of major government grants should occur at least quarterly.

Finding Text

Finding No. 2024-002 - Late filing for revised final expenditure report Criteria: The revised final expenditure report for Elementary and Secondary School Emergency Relief Fund (ESSER II) should be filed timely. Condition: The revised final expenditure report and related supporting documents were not completed by due date. Cause: The School’s finance department and grant consultants needed more time to analyze and reconcile the grant. The revised final expenditures report and related supporting documents were not completed by due date. Effect: The School could not receive the reimbursement of $476,299 for the eligible expenses. Recommendation: We recommend that major government grant be analyzed and reconciled on a regular basis (at least quarterly) throughout the fiscal year. Questioned costs: N/A Views of Responsible Officials: The School’s management agrees with this finding.

Categories

Cash Management

Other Findings in this Audit

  • 512227 2024-002
    Significant Deficiency
  • 512228 2024-002
    Significant Deficiency
  • 1088670 2024-002
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
84.425 Covid-19 American Rescue Plan - Elementary and Secondary School Emergency Relief (arp Esser) $2.00M
84.010 Title I Grants to Local Educational Agencies $365,829
84.282 Title Iv, Grants to Charter Management Organizations for the Replication and Expansion of High-Quality Charter Schools $292,591
84.425 Covid-19 Elementary and Secondary School Emergency Relief (esser Ii) Fund $175,537
84.367 Title Ii, Part A Supporting Effective Instruction State Grants $28,701
84.424 Title Iv, Grants to Student Support and Academic Enrichment $15,059