Finding 592334 (2022-001)

Material Weakness
Requirement
L
Questioned Costs
-
Year
2022
Accepted
2023-01-22
Audit: 19543
Organization: Greenwood Charter School (UT)
Auditor: Eide Bailly LLP

AI Summary

  • Core Issue: Greenwood Charter School failed to submit required financial reports to the USDA, indicating a material weakness in internal controls.
  • Impacted Requirements: The school did not have necessary policies and procedures for compliance with USDA reporting obligations.
  • Recommended Follow-Up: Implement procedures to ensure timely submission of audited financial statements and budgetary information to the USDA.

Finding Text

2022-001 U.S. Department of Agriculture, Federal Financial Assistance Listing #10.766 Community Facilities Loans and Grants Reporting Material Weakness in Internal Control Over Compliance and Noncompliance Criteria: Greenwood Charter School should have policies and procedures in place to ensure audited financial statements and budgetary information are submitted annually to the USDA. Condition: In connection with the audit procedures performed, it was noted that the required reports were not submitted to the USDA. Greenwood Charter School?s system of internal control did not include procedures related to reporting to the USDA. Cause: Greenwood Charter School was unaware of the requirement to provide the required reports to the USDA. Effect: The School is not in compliance with USDA loan requirements. Questioned Costs: None reported Context: In connection the audit procedures performed, it was noted that the required reports were not submitted to the USDA. Repeat Finding from Prior Years: No Recommendation: Greenwood Charter School should submit the required audited financial statements and budgetary information to the USDA. Views of Responsible Officials: Management agrees with this finding.

Categories

Material Weakness Reporting Matching / Level of Effort / Earmarking Internal Control / Segregation of Duties

Other Findings in this Audit

  • 15892 2022-001
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
10.766 Community Facilities Loans and Grants $6.92M
10.555 National School Lunch Program $163,893
84.027 Special Education_grants to States $143,383
84.425 Covid-19 Elementary and Secondary School Education Relief III $99,275
10.553 School Breakfast Program $86,695
84.425 Covid-19 Elementary and Secondary School Education Relief II $72,457
84.010 Title I Grants to Local Educational Agencies $67,082
84.425 Covid-19 Elementary and Secondary School Education Relief $20,466
84.027 Covid-19 Special Education Grants to States-Arp $15,324
84.367 Improving Teacher Quality State Grants $10,110
84.424 Title IV Student Support and Academic Enrichment $10,000
84.425 Covid-19 Elementary and Secondary School Emergency Relief-American Rescue Plan $8,999
84.173 Special Education_preschool Grants $2,982