Finding #2025-003 – Reporting – Significant Deficiency. Condition and context: Same as finding #2025-002. Recommendation: Same as finding #2025-002. Planned corrective action: Management acknowledges that documented evidence of supervisory review for certain federal grant billings was not consistently maintained, although billings were supported by underlying documentation. Effective immediately, the Academy has implemented a formal review and approval process requiring independent supervisory sign-off prior to submission of all federal grant billings. Standardized documentation procedures have been established to retain evidence of review, including a billing checklist and dated approval, to ensure proper segregation of duties and compliance with federal requirements. Responsible officer: Matthew Sherman, Business and Operations Officer. Estimated completion date: February 26, 2026.