Finding Text
Finding Criteria ? A component of compliance relating to federal awards is to determine whether required reports for federal award reimbursement include all expenditure activity of the reporting period, are supported by applicable accounting or performance records, and are fairly presented in accordance with governing requirements. Condition Found ? Quarterly remittance which report eligible federal expenditure incurred by the district during a three-month period were not timely remitted to request reimbursement of expenditure. Cause of the Finding ? The district has experienced a change of business manager and the transition into their roles allowed certain duties of the business office not to be completed. Effect of the Finding ? The opportunity cost of managing cashflow of the district due to not receiving reimbursement of federal expenditures in a timely manner. Also the PDE Financial and Account Information (FAI) portal may suspend payment until reporting status is updated. Questioned Costs ? No questioned costs. These factors have contributed in some immeasurable amount to the School District?s perilous financial condition.