Finding Text
Criteria: All recipients of federal awards are required to be able to create a Schedule of Expenditures of Federal Awards.
Condition: During the fiscal year, the District did not properly track and account for all federal awards and expenditures.
Cause: The District did not previously categorize federal awards and expenditures in distinguishable accounts.
Effect: Lack of adequate controls over federal expenditures and improperly accounting for funds created a situation where the District was unable to produce a Schedule of Expenditures of Federal Awards.
Recommendation: We recommend that the District implement a process to properly record and account for federal expenditures.
Management Response: Management agrees with the finding and will ensure the required controls are in place. Anticipated completion date is June 30, 2025.