Finding Text
Assistance Listing Number, Federal Agency, and Program Name: Assistance Listing Number 84.425, Department of Education, Education Stabilization Fund and Assistance Listing Number 84.010A, Department of Education, Title I Grants to Local Educational Agencies
Federal Award Identification Number and Year: 213716, 231530 and 241530
Pass-through Entity – Michigan Department of Education
Finding Type – Material weakness over compliance
Repeat Finding - No
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.
Identification of How Questioned Costs Were Computed – N/A
Questioned Costs – None
Cause – The Academy’s books and records for the 2023 fiscal year were not reconciled or closed in a timely manner. The data collection form was not submitted within the required time.
Effect – Data collection form 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 Corrective Action Plan – Management agrees with the finding. See corrective action plan.