FAC Explorer

Finding 4263 (2023-004)

Material Weakness
Requirement
B
Questioned Costs
$1
Year
2023
Accepted
2023-12-13
Audit: 6573
Organization: W-A-Y Academy (MI)
Auditor: Alan C Young & Associates PC

AI Summary

  • Core Issue: The Academy drew down $78,155 for Title I and $1,191 for Title II, but only $4,906 and none, respectively, were properly documented.
  • Impacted Requirements: Grant drawdowns must reflect actual costs incurred and be adequately supported with documentation.
  • Recommended Follow-up: Investigate the unsupported costs of $73,349 for Title I and $1,916 for Title II to ensure compliance and recover any questioned amounts.

Finding Text

Criteria – Grant drawdowns should be based on actual costs incurred and must be properly documented. Condition and Description – During our procedures we noted the Academy had $78,155 in drawdowns for the Title I grant, but only $4,906 could be supported. The Academy had $1,191 in drawdowns for Title II that could not be supported. Questioned Costs - $73,349 – Title I $ 1,916 – Title II

Corrective Action Plan

Management believes that the previous Director of Finance drew down the funds in error. Going forward, a record of all funds drawn will be maintained and will include documentation to support the amount of the drawdown.

Categories

Questioned Costs Cash Management

Other Findings in this Audit

  • 4264 2023-004
    Material Weakness
  • 580705 2023-004
    Material Weakness
  • 580706 2023-004
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
84.425 Education Stabilization Fund $329,075
84.027 Special Education_grants to States $23,604
84.010 Title I Grants to Local Educational Agencies $13,747
10.553 School Breakfast Program $12,466
84.424 Student Support and Academic Enrichment Program $5,106
84.367 Improving Teacher Quality State Grants $4,037
10.555 National School Lunch Program $692
10.649 Pandemic Ebt Administrative Costs $628