Carteret Board of Education

EIN: 226001708

UEI: KGBNL8T8JXW9

Data as of August 19, 2026

12
Audit Years
14
Total Findings
5
Repeat Findings

FY 2024-06-30

Management decision deadline — for entities that funded this organization

The FAC accepted this audit on January 15, 2025. Under 2 CFR 200.521(d), a pass-through entity that provided federal funds to this organization for this audit period must issue a management decision on these findings by July 15, 2025, which was (401 days ago).

What is a management decision? →
2024-001
Other
REPEAT
Condition

Finding 2024-001 (Other Matter): The District’s net cash resources in the Food Service Fund exceeded three months average expenditures.

Corrective Action Plan

District management agrees with above finding and has taken necessary corrective action, including the purchase of a food service vehicle, upgrade of equipment and the purchase or new equipment.

Prior Finding References

2023-002

About Other →
2024-001
Other
REPEAT
Condition

Finding 2024-001 (Other Matter): The District’s net cash resources in the Food Service Fund exceeded three months average expenditures.

Corrective Action Plan

The District will continue to reduce net cash resources in the Food Service Fund. Additionally, the District reduced the guaranteed profit in the 2024-2025 FSCM contract renewal.

Prior Finding References

2023-002

About Other →
2024-001
Other
REPEAT
Condition

Finding 2024-001 (Other Matter): The District’s net cash resources in the Food Service Fund exceeded three months average expenditures.

Corrective Action Plan

The District will continue to reduce net cash resources in the Food Service Fund. Additionally, the District reduced the guaranteed profit in the 2024-2025 FSCM contract renewal.

Prior Finding References

2023-002

About Other →

FY 2023-06-30

Management decision deadline — for entities that funded this organization

The FAC accepted this audit on March 5, 2024. Under 2 CFR 200.521(d), a pass-through entity that provided federal funds to this organization for this audit period must issue a management decision on these findings by September 5, 2024, which was (714 days ago).

What is a management decision? →
2023-001
Cost Allowability
REPEAT
Condition

Finding 2023-001 (Significant Deficiency): It was noted the District did not have formal written policies that address Uniform Grant Guidance requirements, such as: • determining the allowability of costs in accordance with federal cost principles the and the terms and conditions of the federal award; and • the mandatory disclosure of all violations of federal criminal law involving fraud, bribery, or gratuity violations potentially affecting the federal award. Prior Year Finding: Yes, Finding 2022-003. Federal Program Information: Applicable to all federal programs. Criteria or specific requirement: Uniform Grant Guidance, 2 C.F.R. §200.302(b)(7) Financial Management and 2 C.F.R. §§200.400 – 200.476 Subpart E - Cost Principles; and §200.113 Mandatory disclosures Questioned Costs: None. Condition: The District did not formally document the policies in accordance with Uniform Grant Guidance requirements. Context: The formal written policies omit certain information required by the Uniform Grant Guidance. Effect: Unknown. Cause: The formal written policies have not been compared to the Uniform Grant Guidance. Recommendation: The District should develop written policies and procedures that meet the criteria required by the Uniform Grant Guidance. Views of Responsible Officials: The District updated the policies subsequent to year end and submitted them to the NJDOE. As of the date of the audit the NJDOE has not responded to the District regarding acceptance.

Corrective Action Plan

The District developed the Carteret Public Schools Federal Procurement Procedures to meet the criteria required by the Uniform Grant Guidance.

Prior Finding References

2022-003

About Allowable Costs / Cost Principles →
2023-002
Other
Condition

Finding 2023-002 (Other Matter): The District’s net cash resources in the Food Service Fund exceeded three months average expenditures. Prior Year Finding: Not applicable. Federal Program Information: Child Nutrition Cluster Criteria or specific requirement: The New Jersey Department of Agriculture requires a School Food Authority to maintain a nonprofit School Food Service. The nonprofit status of the School Food Service is determined by evaluating net cash resources, which may not exceed three months average expenditures. Questioned Costs: None. Condition: Net cash resources in the Food Service Fund exceeded three months average expenditures. Context: Utilizing the USA net cash resource calculation form, it was determined that the District’s net cash resources exceeded the three months average expenditures by $1,190,169, as of June 30, 2023. Effect: The New Jersey Department of Agriculture requirement regarding Net Cash Resources was not met. Cause: The School District had remote learning for students in place during the recent pandemic years. This caused a drop in operating expenditures and also a sharp increase in revenues due to all student meals being classified as free meals for federal reimbursement. Recommendation: The District should reduce net cash resources on hand in the Food Service Fund through capital expenditures or other improvements to the Food Service Program. Views of Responsible Officials: Management agrees with above finding and has taken necessary corrective action, including the purchase of a food service vehicle, upgrade of equipment and the purchase or new equipment.

Corrective Action Plan

The District has taken remedial actions to reduce net cash resources the Food Service Fund including the purchase of updated cafeteria equipment, service vehicles and brand new cafeteria tables for the High School. Additionally, the District plans to request additional staffing and more diverse menu items to suuplement the food service program.

About Other →
2023-003
Reporting
Condition

Finding 2023-003 (Significant Deficiency): The District’s final federal grant expenditure reports do not agree to the grant expenditures recorded in the special revenue fund general ledger. Prior Year Finding: Not applicable. Federal Program Information: Title I-A 84.010 Title ISIA Part A 84.010 Title IIA 84.367A Title Ill 84.365 IDEA – Basic 84.027A Criteria or specific requirement: Final expenditure reports should be reconciled to the general ledger expenditures and differences should be investigated and corrected. Questioned Costs: None. Condition: The final expenditure reports did not agree to the actual grant expenditures recorded in the special revenue fund general ledger by $78,824. Context: Instances were identified where the final grant reports were not accurately reconciled to the general ledger accounting system, resulting in inaccurate year end reporting and overstatement of accounts receivables related to federal and state grants. All instances identified indicated the final expenditure reports were lower than what was spent, therefore this did not result in questioned costs. The District was not reimbursed for all expenditures incurred under the grants. Effect: District did not request reimbursement for all expenditures incurred under the grant programs. Cause: Encumbrances were not included on the final expenditure reports. Instances were noted where the encumbrances should have been cancelled or were not liquidated timely. The remainder of instances were due to encumbrances that were inadvertently not included in the final grant reporting. Recommendation: The District should reconcile all special revenue fund expenditures, including encumbrances, to the final expenditure reports to verify they are in agreement. Views of Responsible Officials: Management agrees with above finding and will take necessary corrective action.

Corrective Action Plan

The District will implement processes and procedures for the timely liquidation of all POs to ensure that expenditures are captured and are in agreement with the final federal grant expenditure report.

About Reporting →

FY 2022-06-30

Management decision deadline — for entities that funded this organization

The FAC accepted this audit on March 29, 2023. Under 2 CFR 200.521(d), a pass-through entity that provided federal funds to this organization for this audit period must issue a management decision on these findings by September 29, 2023, which was (1056 days ago).

What is a management decision? →
2022-001
Cash Management
REPEATQUESTIONED COSTS
Condition

The audit of federal grant reimbursements indicated the District did not request certain reimbursements for actual grant expenditures during the 2021-22 fiscal year on a timely basis.

Corrective Action Plan

Assistant BA reviews expenditures and submits reimbursement requests on a monthly basis.

Prior Finding References

2021-002

About Cash Management →
2022-002
Activities Allowed or Unallowed / Cost Allowability
Condition

The audit of payroll transactions allocated to the Title I, Part A grant identified instances of 30 minutes of "prep time" omitted from the time sheet entries, but the 30 minutes of "prep time" were included in the ending number of hours worked and paid. Additionally, certain employees charged to the ESSER grants were not approved in the official minutes to be charged to the respective grants.

Corrective Action Plan

Ending times on timesheet include 30 minutes of "prep time" and total number of hours worked. Charges for salaries are assigned to school-specific location codes. Records are maintained to document activities and responsibilities of Title I designated staff members. All staff members charged to ESSER grants are approved in the official minutes.

About Activities Allowed or Unallowed, Allowable Costs / Cost Principles →
2022-003
Cost Allowability
Condition

It was noted the District did not have formal written policies that address Uniform Grant Guidance requirements, such as: Determining the allowability of costs in accordance with federal cost principles and the terms and conditions of the federal award; and the mandatory disclosure of all violations of federal criminal law involving fraud, bribery, or gratuity violations potentially affecting the federal award.

Corrective Action Plan

The district will develop written procedures and update existing ones to meet the standards of the Uniform Grant Guidance.

About Allowable Costs / Cost Principles →
2022-004
Procurement & Suspension/Debarment
Condition

It was noted during the review of purchase orders that a number of purchase orders greater than $25,000 were missing evidence of verification to ensure a vendor is not debarred, suspended, or otherwise excluded from or ineligible for participation in federal assistance programs or activities.

Corrective Action Plan

The District publishes or solicits proposals for all contracts equal to or in excess of $25,000. Vendors are required to include a Certification Regarding Debarment, Suspension, and Other Responsibility Matters and SBA will verify vendor certification at https:www.beta.sam.gov/

About Procurement and Suspension and Debarment →

FY 2021-06-30

Management decision deadline — for entities that funded this organization

The FAC accepted this audit on March 30, 2022. Under 2 CFR 200.521(d), a pass-through entity that provided federal funds to this organization for this audit period must issue a management decision on these findings by September 30, 2022, which was (1420 days ago).

What is a management decision? →
2021-002
Cash Management
Condition

The audit of federal grant reimbursements indicated the District did not request certain reimbursements for actual grant expenditures during the 2020/21 fiscal year.

Corrective Action Plan

Grant reimbursement requests for federal programs should be made on a timely basis.

About Cash Management →

FY 2018-06-30

Management decision deadline — for entities that funded this organization

The FAC accepted this audit on February 26, 2019. Under 2 CFR 200.521(d), a pass-through entity that provided federal funds to this organization for this audit period must issue a management decision on these findings by August 26, 2019, which was (2551 days ago).

What is a management decision? →
2018-002
Cost Allowability / Reporting
Condition

GSA_MIGRATION

Corrective Action Plan

GSA_MIGRATION

About Allowable Costs / Cost Principles, Reporting →
2018-003
Cash Management / Reporting
Condition

GSA_MIGRATION

Corrective Action Plan

GSA_MIGRATION

About Cash Management, Reporting →
2018-004
Reporting
Condition

GSA_MIGRATION

Corrective Action Plan

GSA_MIGRATION

About Reporting →

Data source: This information comes from the Federal Audit Clearinghouse, the official repository of Single Audit data. All data is public domain. Verify this organization's audit history at fac.gov.

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