FAC Explorer

Finding 50211 (2022-003)

Significant Deficiency
Requirement
P
Questioned Costs
-
Year
2022
Accepted
2023-01-09
Audit: 42738
Organization: Enlarged City School District of Troy, New York (NY)
Auditor: Efpr Group Cpa's PLLC

AI Summary

  • Core Issue: The schedule of expenditures of federal awards was materially misstated due to unknown reasons.
  • Impacted Requirements: Records must comply with generally accepted accounting principles.
  • Recommended Follow-Up: Management should evaluate the accounting staff's workload and consider hiring additional help, while also improving monitoring of year-end cutoffs.

Finding Text

Reference: 2022-003 Criteria - The District?s records must be kept in accordance with accounting principles generally accepted in the United States of America. Condition - During our audit we proposed several adjustments to properly state the schedule of expenditures of federal awards. Cause - Unknown Effect - The schedule of expenditures of federal awards was materially misstated. Recommendation - We recommend that management assess the current administrative burden of the accounting staff and determine where additional assistance would be most beneficial. Management?s Response - Management will consider the need for additional assistance with the administrative accounting functions and hire personnel as deemed necessary. Also, management will more aggressively monitor year-end cutoffs for potential payables.

Corrective Action Plan

Name of Auditee: Enlarged City School District of Troy, New York Name of Audit Firm: EFPR Group, CPAs, PLLC Period Covered by the Audit: Year ended June 30, 2022 CAP Prepared by: Adam Hotaling Phone: (518) 328-5005 (A) Current Finding on the Schedule of Findings and Questioned Costs (3) Finding 2022-003 (a) Comments on the finding and recommendation - The District agrees with the finding and agrees with the recommendation. (b) Action taken - Management will consider the need for additional assistance with the administrative accounting functions and hire personnel as deemed necessary. Also management will more aggressively monitor year end cutoffs for potential adjustments. (c) Anticipated Completion Date - June 30, 2023

Categories

Reporting

Other Findings in this Audit

  • 50212 2022-003
    Significant Deficiency
  • 50213 2022-003
    Significant Deficiency
  • 626653 2022-003
    Significant Deficiency
  • 626654 2022-003
    Significant Deficiency
  • 626655 2022-003
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
84.010 Title I Grants to Local Educational Agencies $2.56M
10.555 National School Lunch Program $2.24M
84.425 Education Stabilization Fund - Covid-19 $1.39M
84.287 Twenty-First Century Community Learning Centers $1.20M
84.027 Special Education_grants to States $1.15M
10.553 School Breakfast Program $734,601
84.367 Improving Teacher Quality State Grants $256,674
84.424 Student Support and Academic Enrichment Program $191,050
84.196 Education for Homeless Children and Youth $116,055
84.173 Special Education_preschool Grants $76,972
84.365 English Language Acquisition State Grants $24,068
84.425 Education Stabilization Fund $1,694
84.184 Safe and Drug-Free Schools and Communities_national Programs $357