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.