FAC Explorer

Finding 478056 (2023-002)

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: Internal controls must be documented to show that transactions are allowable under grant rules.
  • Trend: There is a growing emphasis on compliance with procurement policies as outlined in Uniform Guidance.
  • List: Ensure documentation includes approval of transactions, adherence to the grant's performance period, and compliance with procurement policies.

Finding Text

Internal controls, for example approval of transactions charged to the grant, should be documented to prove the transaction is allowable, within the period of performance required by the grant and is within procurement policies established 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 document approval, or other internal control, to prove transactions charged to grants are allowable, within the period of performance required by the grant and are meet procurement policies established by Uniform Guidance.

Categories

Procurement, Suspension & Debarment Period of Performance Internal Control / Segregation of Duties

Other Findings in this Audit

  • 478055 2023-001
    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