FAC Explorer

Finding 559167 (2024-001)

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Requirement
P
Questioned Costs
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Year
2024
Accepted
2025-05-02
Audit: 355407
Organization: Galapagos Rockford Charter School Nfp, Inc. (IL)
Auditor: Grieco & Adelman

AI Summary

  • Core Issue: The School missed the deadline to submit its audit report to the Federal Audit Clearinghouse.
  • Impacted Requirements: Reports must be filed within 30 days of receiving the auditor's report or nine months after the fiscal year ends.
  • Recommended Follow-Up: Management should establish procedures to ensure all future reports are submitted on time.

Finding Text

Finding No. 2023-001: Noncompliance with Federal Filing Requirements Condition: The School did not submit its audit report to the Federal Audit Clearinghouse within the required time frame. Criteria: The School is required to file the audit reports with the Federal Audit Clearinghouse within the earlier of 30 calendar days after receipt of the auditor's report or nine months after the end of the awardee's fiscal year end. Cause: The School's management was not aware of the deadline. Effect: Noncompliance with the federal reporting requirements potentially affecting the eligibility for federal funding or future audits. Recommendations: Management should implement procedures to ensure timely filing of all required reports with the Federal Audit Clearinghouse in the future. Management's Response: Galapagos Rockford Charter School NFP, Inc. agrees with the finding and the recommended procedures have been implemented.

Corrective Action Plan

Corrective Action Plan June 30, 2024 Galapagos Rockford Charter School NFP, Inc. respectfully submits the following corrective action plan for the year ended June 20, 2024. Name and address of public accounting firm: Grieco & Adelman LLC 2340 S River Road, Suite 311 Des Plaines, IL 60018 Audit Period: June 30, 2024 The findings from the June 30, 2024 Schedule of Findings and Questioned Costs are discussed below: Finding No.2023-001: Noncompliance with Federal Filing Requirements Action Taken: Timely filing will be made for the fiscal year ended June 30, 2024 Sincerely yours, 􀀁f-Luu Michael Lane ChiefExecutive Officer

Categories

Eligibility Reporting

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
84.425 Education Stabilization Fund $596,404
84.010 Title I Grants to Local Educational Agencies $452,179
10.555 National School Lunch Program $251,387
10.553 School Breakfast Program $155,537
84.027 Special Education Grants to States $125,092
10.582 Fresh Fruit and Vegetable Program $4,316