Finding Text
2024-001 Late Submission of Reports
Compliance Requirement – L. Reporting
Federal Agency – Department of the Treasury
Federal Program Name – Coronavirus State and Local Fiscal Recovery Funds
Assistance Listing Number – 21.027
Pass-through Agency – Adams County, Colorado
Criteria: School District 12 Education Foundation (dba Five Star Education Foundation) is
required to submit Monthly Financial Reports by the 10th of each month for the
periods January through February and by the 15th of each month for the
remaining months through December. In addition, School District 12 Education
Foundation (dba Five Star Education Foundation) is required to submit Quarterly
Reports by the 15th of each month.
Condition: In our audit, we found that 2 out of 8 Reports tested were submitted after the 15th
of the following month. After reviewing all the reports with School District 12
Education Foundation (dba Five Star Education Foundation), we noted 3 monthly
reports, out of a total of 50 required reports, and 7 quarterly reports, out of a total
of 25 required reports, were submitted untimely.
Cause: Due to issues with the grantor’s reporting submission site transition and having
no data to submit for several quarterly reports, the reports were not submitted
timely by School District 12 Education Foundation (dba Five Star Education
Foundation).
Effect: Reports submitted late may result in denial or delay of the reimbursement
payment requested.
Questioned Costs: None noted.
Repeat Finding: Not a repeat finding.
Recommendation: We recommend School District 12 Education Foundation (dba Five Star
Education Foundation) review and follow policies and procedures to ensure
timely submission of reports.
View of Responsible
Officials: School District 12 Education Foundation (dba Five Star Education Foundation)
agrees with the finding and recommendation.