Finding Text
U.S. Department of Agriculture, Federal Financial Assistance Listing #10.766 Community Facilities Loans and Grants Compliance Requirements Material Weakness in Internal Control Over Compliance and Noncompliance Criteria: C.S. Lewis Academy should have policies and procedures in place to ensure audited financial statements and budgetary information are submitted annually to the USDA. Condition: In connection with the audit procedures performed, it was noted that the required reports were not submitted to the USDA. C.S. Lewis Academy?s system of internal control did not include procedures related to reporting to the USDA. Cause: C.S. Lewis Academy was unaware of the requirement to provide the required reports to the USDA. Effect: The School is not in compliance with USDA loan requirements. Questioned Costs: None reported Context: In connection with the audit procedures performed, it was noted that the required reports were not submitted to the USDA. Repeat Finding from Prior Years: No Recommendation: C.S. Lewis Academy should submit the required audited financial statements and budgetary information to the USDA. Views of Responsible Officials: Management agrees with this finding.