FAC Explorer

Finding 577546 (2023-002)

Material Weakness
Requirement
C
Questioned Costs
-
Year
2023
Accepted
2023-11-01
Audit: 2112
Organization: The Dearborn Academy (MI)
Auditor: Alan C Young & Associates PC

AI Summary

  • Answer: Drawdowns of about $184,000 were made before the actual costs were incurred.
  • Trend: This practice is a cash management issue, even though the Academy eventually incurred the costs.
  • List: Ensure future drawdowns align with actual expenditures to avoid similar findings.

Finding Text

Criteria – Grant drawdowns should be based on actual costs incurred and not requested in advance of the expenditure. Condition and Description – During our procedures we noted drawdowns of approximately $184,000 made in advance of the expenditure being incurred. The Academy did ultimately incur the costs and did not bill in excess of total costs but due to the timing of the drawdowns, this is reported as a cash management finding. Questioned Costs - None

Categories

Cash Management

Other Findings in this Audit

  • 1104 2023-002
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
84.287 Twenty-First Century Community Learning Centers $600,000
84.010 Title I Grants to Local Educational Agencies $310,712
10.553 School Breakfast Program $103,356
84.027 Special Education_grants to States $84,952
10.558 Child and Adult Care Food Program $37,815
84.424 Student Support and Academic Enrichment Program $35,667
21.027 Coronavirus State and Local Fiscal Recovery Funds $33,280
84.367 Improving Teacher Quality State Grants $28,295
84.425 Education Stabilization Fund $25,209
10.555 National School Lunch Program $23,955
84.365 English Language Acquisition State Grants $5,374
10.649 Pandemic Ebt Administrative Costs $628