Finding 537318 (2024-003)

Significant Deficiency

Requirement

Questioned Costs

Year

2024

Accepted

2025-03-26

Audit: 348586

Organization: Tulsa Classical Academy (OK)

Auditor: Bledsoe Hewett & Gullekson

AI Summary

Answer: The District lacks proper controls to match claimed expenditures with actual grant revenues.
Trend: This issue indicates a pattern of financial mismanagement that could lead to further discrepancies.
List: Recommend implementing stronger financial controls and regular audits to ensure alignment between expenditures and revenues.

Finding Text

The District did not have adequate controls in place to ensure that expenditures claimed matched the revenues received for the grant.

Corrective Action Plan

Response: As stated above, Tulsa Classical Academy experienced turnover in key administrative roles that resulted in a lack of proper internal controls. Since the school cannot go back and recode items for the 2023/2024 school year, the school can commit to reviewing the expense and revenue claims for the CSP grant, learn where the mistake occurred, and move forward with better internal controls and proper grant claiming processes.

Other Findings in this Audit

1113760 2024-003

Significant Deficiency

Programs in Audit

ALN	Program Name	Expenditures
84.282	Charter Schools	$545,343
84.027	Special Education Grants to States	$103,438
10.555	National School Lunch Program	$70,884
84.010	Title I Grants to Local Educational Agencies	$43,865
10.553	School Breakfast Program	$11,962
84.173	Special Education Preschool Grants	$1,304