FAC Explorer

Finding 1191114 (2024-003)

Material Weakness Repeat Finding
Requirement
F
Questioned Costs
-
Year
2024
Accepted
2026-03-27
Audit: 395263
Organization: Keams Canyon Elementary School (AZ)
Auditor: BDR RICHARDS CPA'S PLC

AI Summary

  • Answer: Management must keep accurate records of capital assets bought with Federal funds.
  • Trend: Regular updates to capital asset schedules are essential for compliance with 2 CFR 200.313.
  • List: Ensure timely updates, maintain accurate records, and review compliance regularly.

Finding Text

Management is responsible for maintaining controls over capital assets in accordance with 2 CFR 200.313 including updating capital asset schedules for assets purchased with Federal award monies.

Corrective Action Plan

The School has hired a consultant for training.

Categories

Procurement, Suspension & Debarment

Other Findings in this Audit

  • 1191112 2024-001
    Material Weakness Repeat
  • 1191113 2024-002
    Material Weakness Repeat
  • 1191115 2024-004
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
15.042 INDIAN SCHOOL EQUALIZATION $1.06M
15.044 INDIAN SCHOOLS STUDENT TRANSPORTATION $486,036
15.046 ADMINISTRATIVE COST GRANTS FOR INDIAN SCHOOLS $390,455
84.010 TITLE I GRANTS TO LOCAL EDUCATIONAL AGENCIES $241,939
15.047 INDIAN EDUCATION FACILITIES, OPERATIONS, AND MAINTENANCE $154,865
84.027 SPECIAL EDUCATION GRANTS TO STATES $122,706
10.559 SUMMER FOOD SERVICE PROGRAM FOR CHILDREN $71,015
84.425 EDUCATION STABILIZATION FUND $26,514
84.336 TEACHER QUALITY PARTNERSHIP GRANTS $17,111
84.424 STUDENT SUPPORT AND ACADEMIC ENRICHMENT PROGRAM $12,852
15.149 FOCUS ON STUDENT ACHIEVEMENT $6,851
84.060 INDIAN EDUCATION GRANTS TO LOCAL EDUCATIONAL AGENCIES $2,041
84.358 RURAL EDUCATION $434