Finding 401393 (2023-003)

Material Weakness Repeat Finding

Requirement

Questioned Costs

Year

2023

Accepted

2024-06-21

Audit: 309492

Organization: Albany Leadership Charter School for Girls (NY)

Auditor: Efpr Group Cpa's PLLC

AI Summary

Core Issue: The Data Collection Form for the year ended June 30, 2023, was not filed on time due to insufficient internal controls over Federal financial reporting.
Impacted Requirements: Management must ensure effective internal controls and timely filing of financial documents as per accounting standards.
Recommended Follow-Up: Albany Leadership Charter School for Girls should develop procedures for identifying Federal expenditures and establish controls to ensure timely submissions, with a completion target of March 31, 2025.

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 June 30, 2023 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 June 30, 2023 was not filed with the Federal Audit Clearinghouse within nine months after year-end. Recommendation - Albany Leadership Charter School for Girls should establish accounting procedures to properly identify Federal expenditures and implement controls to complete the timely submission of the Data Collection Form. Management’s Response - Finding 2023-003 - The Data Collection Form for the year ended June 30, 2023 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 - Management expects to have this completed March 31, 2025. c. Persons Responsible for the Implementation - The Board of Trustees and the Superintendent.

Corrective Action Plan

Name of Auditee: Albany Leadership Charter School for Girls Name of Audit Firm: EFPR Group, CPAs, PLLC Period covered by the Audit: Year ended June 30, 2023 CAP Prepared by: Carina Cook, Superintendent Phone: 518-694-5300 Current Finding on the Schedule of Findings and Responses (3) Finding 2023-003 - The Data Collection Form for the year ended June 30, 2023 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 - Management expects to have this completed March 31, 2025. c. Persons Responsible for the Implementation - The Board of Trustees and the Superintendent.

Other Findings in this Audit

401392 2023-002

Material Weakness Repeat
401394 2023-002

Material Weakness Repeat
401395 2023-003

Material Weakness Repeat
977834 2023-002

Material Weakness Repeat
977835 2023-003

Material Weakness Repeat
977836 2023-002

Material Weakness Repeat
977837 2023-003

Material Weakness Repeat

Programs in Audit

ALN	Program Name	Expenditures
84.425	Covid-19 - American Rescue Plan - Education Stabilization Fund	$648,056
84.010	Title I Grants to Local Educational Agencies	$187,790
84.425	Covid-19 - Education Stabilization Fund	$146,902
10.555	National School Lunch Program	$124,590
32.009	Emergency Connectivity Fund Program	$45,931
10.553	School Breakfast Program	$34,742
84.367	Improving Teacher Quality State Grants	$22,931
84.424	Student Support and Academic Enrichment Program	$10,000
10.579	Child Nutrition Discretionary Grants Limited Availability	$9,774
10.559	Summer Food Service Program for Children	$7,087