FAC Explorer

Finding 399956 (2022-001)

Material Weakness
Requirement
P
Questioned Costs
-
Year
2022
Accepted
2024-06-05
Audit: 308126
Organization: Breakthrough Charter School (AL)
Auditor: Horton Lee Burnett Peacock Cleveland & Grainger PC

AI Summary

  • Core Issue: The Data Collection Form for the year ended September 30, 2022 was filed late due to insufficient internal controls.
  • Impacted Requirements: Management must ensure timely filing with the Federal Audit Clearinghouse to comply with federal regulations.
  • Recommended Follow-Up: Implement stronger internal controls to ensure the Data Collection Form is submitted on time in the future.

Finding Text

Criteria - Management is responsible for establishing and maintaining effective internal controls and for the fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America. Condition - The Data Collection Form for the year ended September 30, 2022 was not filed with the Federal Audit Clearinghouse within nine months after year end. Cause - The late filing resulted from a lack of internal controls over Federal financial reporting. Effect - The Data Collection Form for the year ended September 30, 2022 was not filed with the Federal Audit Clearinghouse within nine months after year end. Recommendation - We recommend that the School should implement controls to complete the timely submission of the Data Collection Form. Management response - See corrective action plan provided by the Head of School.

Corrective Action Plan

1) Finding 2022-01 - The Data Collection Form for the year ended September 30, 2022 was not filed with the Federal Audit Clearinghouse within nine months after year end. a. Implementation of plan of action - Management will work with the auditors for timely completion of the audit and filing of the Data Collection Form. b. Implementation date - Anticipated completion April 30, 2024. c. Persons responsible for the implementation - The Board of Directors and Head of School.

Categories

Reporting

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
84.282 Charter Schools $339,895
10.555 National School Lunch Program $113,131
84.010 Title I Grants to Local Educational Agencies $113,066
32.009 Emergency Connectivity Fund Program $63,800
84.027 Special Education_grants to States $59,423
10.553 School Breakfast Program $46,279
84.425 Education Stabilization Fund $17,004
84.424 Student Support and Academic Enrichment Program $10,000
96.001 Social Security_disability Insurance $20