FAC Explorer

Finding 59994 (2022-004)

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Requirement
P
Questioned Costs
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Year
2022
Accepted
2023-04-24
Audit: 56696
Organization: Riverside School District (PA)
Auditor: Kohanski & Company

AI Summary

  • Core Issue: The District failed to report $323,316 in prior year grant expenditures on the SEFA for the year ended June 30, 2021.
  • Impacted Requirements: This oversight violates the Uniform Guidance, which mandates accurate reporting of all Federal expenditures for entities receiving over $750,000 in Federal assistance.
  • Recommended Follow-Up: Implement stronger internal controls to ensure all Federal funds are tracked and reported accurately in future audits.

Finding Text

Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards ("Uniform Guidance") requires non-federal government entities that expend more than $750,000 in Federal financial assistance to have a Single Audit. All Federal expenditures should be reported on the schedule of expenditures of Federal awards ("SEFA"). The District receives Federal funding from a number of different sources. During the current year audit, we noted that prior year grant expenditures in the amount of $323,316 were not reported on the SEFA for the year ended June 30, 2021. Internal controls over financial reporting do not include procedures for tracking all Federal funds expensed by the District during each fiscal year.

Corrective Action Plan

The error in Federal expenditures were a result of unrecorded federal expenditures on the previous year?s SEFA. The District has since assigned a new Federal Coordinator, Scott Pentasuglio. The implemented internal control is Federal Coordinator will review all required federal quarterly expenditure reports with the Business Manager prior to submissions. In July of 2023, the Federal Coordinator and Business Manager will work in conjunction to approve the annual SEFA with the information provided in the quarterly reports. The SEFA and quarterly reports will be submitted to the audit team at Kohanski Co. in August of 2024.

Categories

Reporting

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
84.425 Education Stabilization Fund $919,817
84.010 Title I Grants to Local Educational Agencies $648,068
84.425 Covid-19 - Education Stabilization Fund $451,731
84.027 Special Education_grants to States $424,939
10.553 School Breakfast Program $241,145
10.555 National School Lunch Program $58,336
84.367 Improving Teacher Quality State Grants $43,132
84.424 Student Support and Academic Enrichment Program $25,285
10.649 Pandemic Ebt Administrative Costs $3,063