Finding Text
Compliance finding (Reporting). Criteria or specific requirement (including statutory, regulatory, or other citation) - A federal agency or pass-through entity must collect financial reports no less than annually, 2 CFR 200.328(b). To comply with this reporting requirement the Illinois State Board of Education (ISBE) requires that grant subrecipients (i.e., the District) submit quarterly expenditure reports. Condition - The District did not comply with the reporting requirements with respect to filing accurate quarterly reports with the ISBE. Questioned Costs – None. Context - The noncompliance resulted from the District filing a June 30, 2024, quarterly report with the ISBE claiming no grant expenditures. The actual expenditures incurred prior to June 30, 2024 was $1,407,464. These expenditures were claimed on subsequent expenditure reports filed with the ISBE. Effect - Incorrect financial information was submitted to the ISBE for the quarter ended June 30, 2024 which may result in potential errors in analysis or other determinations. Cause - The District understood that the grant expenditures could be claimed through the project end date which was September 30, 2024. The District had controls in place to accumulate the grant expenditure amounts as well as the filing of expenditure reports. Recommendation - Management should submit accurate expenditure reports regardless of the project end date. Management's response - Management concurs and has prepared a corrective action plan.