FAC Explorer

Finding 478055 (2023-001)

Significant Deficiency
Requirement
P
Questioned Costs
-
Year
2023
Accepted
2024-07-10
Audit: 314770
Organization: School District 12 Education Foundation Dba Five Star Education Foundation (CO)
Auditor: Ryan Gunsauls and O'Donnell LLC

AI Summary

  • Answer: Five Star Education Foundation is not preparing the required schedule of expenditures for federal awards.
  • Trend: This oversight could lead to compliance issues with federal funding regulations.
  • List: Recommend immediate action to create and maintain the necessary schedule to ensure compliance.

Finding Text

School District 12 Education Foundation (dba Five Star Education Foundation) does not prepare a schedule of expenditures of federal awards required by Uniform Guidance.

Corrective Action Plan

School District 12 Education Foundation (dba Five Star Education Foundation) agrees with the finding and recommendation. School District 12 Education Foundation (dba Five Star Education Foundation) will review the Uniform Guidance to ensure compliance ensure compliance with the single audit requirements.

Categories

Reporting

Other Findings in this Audit

  • 478056 2023-002
    Significant Deficiency
  • 478057 2023-001
    Significant Deficiency
  • 478058 2023-002
    Significant Deficiency
  • 478059 2023-001
    Significant Deficiency
  • 478060 2023-002
    Significant Deficiency
  • 478061 2023-001
    Significant Deficiency
  • 478062 2023-002
    Significant Deficiency
  • 1054497 2023-001
    Significant Deficiency
  • 1054498 2023-002
    Significant Deficiency
  • 1054499 2023-001
    Significant Deficiency
  • 1054500 2023-002
    Significant Deficiency
  • 1054501 2023-001
    Significant Deficiency
  • 1054502 2023-002
    Significant Deficiency
  • 1054503 2023-001
    Significant Deficiency
  • 1054504 2023-002
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
21.027 Coronavirus State and Local Fiscal Recovery Funds $209,195