FAC Explorer

Finding 372340 (2023-003)

Significant Deficiency
Requirement
L
Questioned Costs
-
Year
2023
Accepted
2024-03-05
Audit: 293633
Organization: Carteret Board of Education (NJ)
Auditor: Pkf O'Connor Davies

AI Summary

  • Core Issue: Final federal grant expenditure reports do not match the general ledger, showing a discrepancy of $78,824.
  • Impacted Requirements: Final expenditure reports must be reconciled with the general ledger, and any differences need to be investigated and corrected.
  • Recommended Follow-Up: The District should ensure all special revenue fund expenditures, including encumbrances, are reconciled to the final expenditure reports for accuracy.

Finding Text

Finding 2023-003 (Significant Deficiency): The District’s final federal grant expenditure reports do not agree to the grant expenditures recorded in the special revenue fund general ledger. Prior Year Finding: Not applicable. Federal Program Information: Title I-A 84.010 Title ISIA Part A 84.010 Title IIA 84.367A Title Ill 84.365 IDEA – Basic 84.027A Criteria or specific requirement: Final expenditure reports should be reconciled to the general ledger expenditures and differences should be investigated and corrected. Questioned Costs: None. Condition: The final expenditure reports did not agree to the actual grant expenditures recorded in the special revenue fund general ledger by $78,824. Context: Instances were identified where the final grant reports were not accurately reconciled to the general ledger accounting system, resulting in inaccurate year end reporting and overstatement of accounts receivables related to federal and state grants. All instances identified indicated the final expenditure reports were lower than what was spent, therefore this did not result in questioned costs. The District was not reimbursed for all expenditures incurred under the grants. Effect: District did not request reimbursement for all expenditures incurred under the grant programs. Cause: Encumbrances were not included on the final expenditure reports. Instances were noted where the encumbrances should have been cancelled or were not liquidated timely. The remainder of instances were due to encumbrances that were inadvertently not included in the final grant reporting. Recommendation: The District should reconcile all special revenue fund expenditures, including encumbrances, to the final expenditure reports to verify they are in agreement. Views of Responsible Officials: Management agrees with above finding and will take necessary corrective action.

Categories

Cash Management Reporting Significant Deficiency

Other Findings in this Audit

  • 372322 2023-001
    Significant Deficiency Repeat
  • 372323 2023-001
    Significant Deficiency Repeat
  • 372324 2023-001
    Significant Deficiency Repeat
  • 372325 2023-001
    Significant Deficiency Repeat
  • 372326 2023-003
    Significant Deficiency
  • 372327 2023-001
    Significant Deficiency Repeat
  • 372328 2023-003
    Significant Deficiency
  • 372329 2023-001
    Significant Deficiency Repeat
  • 372330 2023-003
    Significant Deficiency
  • 372331 2023-001
    Significant Deficiency Repeat
  • 372332 2023-003
    Significant Deficiency
  • 372333 2023-001
    Significant Deficiency Repeat
  • 372334 2023-003
    Significant Deficiency
  • 372335 2023-001
    Significant Deficiency Repeat
  • 372336 2023-003
    Significant Deficiency
  • 372337 2023-001
    Significant Deficiency Repeat
  • 372338 2023-003
    Significant Deficiency
  • 372339 2023-001
    Significant Deficiency Repeat
  • 372341 2023-001
    Significant Deficiency Repeat
  • 372342 2023-001
    Significant Deficiency Repeat
  • 372343 2023-001
    Significant Deficiency Repeat
  • 372344 2023-001
    Significant Deficiency Repeat
  • 372345 2023-001
    Significant Deficiency Repeat
  • 372346 2023-001
    Significant Deficiency Repeat
  • 372347 2023-001
    Significant Deficiency Repeat
  • 372348 2023-001
    Significant Deficiency Repeat
  • 372349 2023-001
    Significant Deficiency Repeat
  • 372350 2023-001
    Significant Deficiency Repeat
  • 372351 2023-001
    Significant Deficiency Repeat
  • 372352 2023-001
    Significant Deficiency Repeat
  • 372353 2023-002
    -
  • 372354 2023-001
    Significant Deficiency Repeat
  • 372355 2023-002
    -
  • 372356 2023-001
    Significant Deficiency Repeat
  • 372357 2023-002
    -
  • 372358 2023-001
    Significant Deficiency Repeat
  • 372359 2023-002
    -
  • 372360 2023-001
    Significant Deficiency Repeat
  • 372361 2023-002
    -
  • 372362 2023-001
    Significant Deficiency Repeat
  • 372363 2023-002
    -
  • 372364 2023-001
    Significant Deficiency Repeat
  • 372365 2023-002
    -
  • 372366 2023-001
    Significant Deficiency Repeat
  • 372367 2023-002
    -
  • 372368 2023-001
    Significant Deficiency Repeat
  • 372369 2023-002
    -
  • 948764 2023-001
    Significant Deficiency Repeat
  • 948765 2023-001
    Significant Deficiency Repeat
  • 948766 2023-001
    Significant Deficiency Repeat
  • 948767 2023-001
    Significant Deficiency Repeat
  • 948768 2023-003
    Significant Deficiency
  • 948769 2023-001
    Significant Deficiency Repeat
  • 948770 2023-003
    Significant Deficiency
  • 948771 2023-001
    Significant Deficiency Repeat
  • 948772 2023-003
    Significant Deficiency
  • 948773 2023-001
    Significant Deficiency Repeat
  • 948774 2023-003
    Significant Deficiency
  • 948775 2023-001
    Significant Deficiency Repeat
  • 948776 2023-003
    Significant Deficiency
  • 948777 2023-001
    Significant Deficiency Repeat
  • 948778 2023-003
    Significant Deficiency
  • 948779 2023-001
    Significant Deficiency Repeat
  • 948780 2023-003
    Significant Deficiency
  • 948781 2023-001
    Significant Deficiency Repeat
  • 948782 2023-003
    Significant Deficiency
  • 948783 2023-001
    Significant Deficiency Repeat
  • 948784 2023-001
    Significant Deficiency Repeat
  • 948785 2023-001
    Significant Deficiency Repeat
  • 948786 2023-001
    Significant Deficiency Repeat
  • 948787 2023-001
    Significant Deficiency Repeat
  • 948788 2023-001
    Significant Deficiency Repeat
  • 948789 2023-001
    Significant Deficiency Repeat
  • 948790 2023-001
    Significant Deficiency Repeat
  • 948791 2023-001
    Significant Deficiency Repeat
  • 948792 2023-001
    Significant Deficiency Repeat
  • 948793 2023-001
    Significant Deficiency Repeat
  • 948794 2023-001
    Significant Deficiency Repeat
  • 948795 2023-002
    -
  • 948796 2023-001
    Significant Deficiency Repeat
  • 948797 2023-002
    -
  • 948798 2023-001
    Significant Deficiency Repeat
  • 948799 2023-002
    -
  • 948800 2023-001
    Significant Deficiency Repeat
  • 948801 2023-002
    -
  • 948802 2023-001
    Significant Deficiency Repeat
  • 948803 2023-002
    -
  • 948804 2023-001
    Significant Deficiency Repeat
  • 948805 2023-002
    -
  • 948806 2023-001
    Significant Deficiency Repeat
  • 948807 2023-002
    -
  • 948808 2023-001
    Significant Deficiency Repeat
  • 948809 2023-002
    -
  • 948810 2023-001
    Significant Deficiency Repeat
  • 948811 2023-002
    -

Programs in Audit

ALN Program Name Expenditures
10.553 School Breakfast Program $388,739
21.027 Coronavirus State and Local Fiscal Recovery Funds $229,278
84.367 Improving Teacher Quality State Grants $207,175
84.027 Special Education_grants to States $169,947
84.365 English Language Acquisition State Grants $164,348
84.424 Student Support and Academic Enrichment Program $138,340
93.558 Temporary Assistance for Needy Families $127,380
17.225 Unemployment Insurance $113,944
84.010 Title I Grants to Local Educational Agencies $93,883
84.173 Special Education_preschool Grants $35,613
10.555 National School Lunch Program $35,409
84.425 Education Stabilization Fund $29,504
93.778 Medical Assistance Program $15,994
10.582 Fresh Fruit and Vegetable Program $13,854