FAC Explorer

Finding 1216199 (2023-002)

Material Weakness Repeat Finding
Requirement
L
Questioned Costs
-
Year
2023
Accepted
2026-05-31
Audit: 402683
Organization: LIFE Academy (AL)
Auditor: SCHOOL CHOICE CPA & ASSOCIATES

AI Summary

  • Answer: Management failed to secure necessary audits for entities spending over $750,000 in federal funds.
  • Trend: This oversight indicates a potential pattern of non-compliance with federal regulations.
  • List: Recommend immediate action to obtain required audits and ensure future compliance with federal guidelines.

Finding Text

Management did not obtain the required audits for entities that expend federal funds in excess of $750,000 in accordance with Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).

Corrective Action Plan

Life Academy will work to complete the audit for the fiscal year no later than nine months after the end of the audit period.

Categories

Allowable Costs / Cost Principles

Other Findings in this Audit

  • 1216200 2023-003
    Material Weakness Repeat
  • 1216201 2023-004
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
84.282 CHARTER SCHOOLS $239,555
10.555 NATIONAL SCHOOL LUNCH PROGRAM $197,172
10.553 SCHOOL BREAKFAST PROGRAM $101,762
84.027 SPECIAL EDUCATION GRANTS TO STATES $27,763
84.367 SUPPORTING EFFECTIVE INSTRUCTION STATE GRANTS (FORMERLY IMPROVING TEACHER QUALITY STATE GRANTS) $26,381
84.424 STUDENT SUPPORT AND ACADEMIC ENRICHMENT PROGRAM $18,014