FAC Explorer

Finding 1168840 (2025-001)

Material Weakness Repeat Finding
Requirement
A
Questioned Costs
-
Year
2025
Accepted
2026-01-13
Audit: 381099
Organization: Oxford Preparatory School (NC)
Auditor: SHARPE PATEL PLLC

AI Summary

  • Answer: The School did not submit the audit package on time.
  • Trend: Timely submission is critical for compliance with the Uniform Guidance.
  • List: Follow up to ensure future audits are submitted within the required timeframe.

Finding Text

The Uniform Guidance requires that the audit be submitted to the Federal Audit Clearinghouse by the earlier of thirty days after issuance of the auditor’s reports or nine months after the period’s end date. The School failed to submit the audit package within thirty days after issuance and is therefore not in compliance with this requirement.

Corrective Action Plan

Management should develop a system that ensures that future Single Audit packages are submitted on time.

Categories

No categories assigned yet.

Programs in Audit

ALN Program Name Expenditures
10.766 Community Facilities Loans and Grants $3.20M
84.027 SPECIAL EDUCATION GRANTS TO STATES $176,207
84.010 TITLE I GRANTS TO LOCAL EDUCATIONAL AGENCIES $145,197
84.358 RURAL EDUCATION $31,297
84.367 SUPPORTING EFFECTIVE INSTRUCTION STATE GRANTS (FORMERLY IMPROVING TEACHER QUALITY STATE GRANTS) $26,668
84.424 STUDENT SUPPORT AND ACADEMIC ENRICHMENT PROGRAM $10,000