Finding Text
Identification of federal program: US DEPARTMENT OF EDUCATION passed through the Indiana Department of Education: Charter Schools Program 84.282A. See finding in Section B. Criteria : According to 2 CFR Subpart F Section 200.510b, the auditee must prepare a Schedule of Expenditures of Federal Awards (SEFA) for the period that includes all amounts spent on federal programs during the reporting period. Condition : The SEFA under-reported the expenditures for Charter Schools Program (CSP) by $24,206. Cause : The School prepared the SEFA based on the federal revenue recorded, rather than the actual federal expenditures incurred. Effect : An audit adjustment of $24,206 was made to increase the federal expenditures reported on the SEFA for the CSP program. Questioned costs: none. Context: $24,406 out of $635,116 total program expenditures were omitted from the SEFA. Recommendation : We recommend that the School implement procedures whereby the SEFA is prepared based on federal expenditures incurred on a GAAP basis. View of responsible officials : See attached corrective action plan.