FAC Explorer

Finding 571151 (2024-001)

Significant Deficiency
Requirement
B
Questioned Costs
-
Year
2024
Accepted
2025-07-14
Audit: 362075
Organization: Beloved Community Charter School (NJ)
Auditor: Gerald D Longo CPA

AI Summary

  • Answer: Implement new accounting procedures to minimize excessive journal entries.
  • Trend: Streamlining processes can enhance efficiency and reduce errors.
  • List: Follow up on procedure development, training, and monitoring for compliance.

Finding Text

Accounting procedures which greatly reduce the need ftor excessive journal entries must be implemented.

Corrective Action Plan

Charter School is working with an Accounting Firm ftor best practices and appropriate procedures implemented.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 1147593 2024-001
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
84.010 Title I Grants to Local Educational Agencies $1.01M
84.027 Special Education_grants to States $383,993
10.553 School Breakfast Program $181,804
84.282 Charter Schools $75,946
21.027 Coronavirus State and Local Fiscal Recovery Funds $71,280
84.425 Education Stabilization Fund $45,000
10.555 National School Lunch Program $40,075
84.365 English Language Acquisition State Grants $26,742
93.778 Medical Assistance Program $16,872
84.173 Special Education_preschool Grants $6,897
10.649 Pandemic Ebt Administrative Costs $3,256