Township of Edison School District

EIN: 226002242

UEI: GMB4D6EAGZQ9

Data as of August 20, 2026

11
Audit Years
4
Total Findings
3
Repeat Findings

FY 2023-06-30

Management decision deadline — for entities that funded this organization

The FAC accepted this audit on February 21, 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 August 21, 2024, which was (729 days ago).

What is a management decision? →
2023-001
Activities Allowed or Unallowed
REPEATQUESTIONED COSTS
Condition

During our audit we noted that the District is not maintaining a complete and accurate general ledger in accordance with accounting principles generally accepted in the United States of America.

Corrective Action Plan

The District will implement internal controls to ensure that a complete and accurate general ledger is maintained and financial reports are reviewed regularly for accuracy.

Prior Finding References

2022-001

About Activities Allowed or Unallowed →
2023-001
Activities Allowed or Unallowed
REPEATQUESTIONED COSTS
Condition

During our audit we noted that the District is not maintaining a complete and accurate general ledger in accordance with accounting principles generally accepted in the United States of America.

Corrective Action Plan

Internal Controls Enhanced in SOP - General ledger reviewed and reconciled on a monthly basis

Prior Finding References

2022-001

About Activities Allowed or Unallowed →

FY 2022-06-30

Management decision deadline — for entities that funded this organization

The FAC accepted this audit on April 20, 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 October 20, 2023, which was (1035 days ago).

What is a management decision? →
2022-001
Reporting
REPEATMATERIAL WEAKNESSQUESTIONED COSTS
Condition

Criteria:N.J.A.C. 6A:23A-6.4 required that the District's internal control policies promote operational efficiency and effectiveness, provide reliable financial information, safeguard assets and records, encourage adherence to prescribed policies and comply with laws and regulations. Condition: During our audit we noted that the District is not maintaining a complete and accurate general ledger in accordance with accounting principles generally accepted in the United States of America Context: Numerous entries were required to bring the District's general ledger into compliance at year-end including misposting of cash disbursements and cancellation of open purchase orders. Cause: Lack of oversight over the financial reporting process. Effect or Potential Effect: Failure to maintain a complete and accurate general ledger led to inaccurate financial reporting. Recommendation: That the District implement internal controls to ensure that a complete and accurate general ledger is maintained and financial reports are reviewed regularly for accuracy. View of Responsible Officials & Planned Corrective Actions: The District will address this finding in the Corrective Action Plan

Corrective Action Plan

Not available at the moment

Prior Finding References

2021-005

About Reporting →

FY 2021-06-30

Management decision deadline — for entities that funded this organization

The FAC accepted this audit on April 12, 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 October 12, 2022, which was (1408 days ago).

What is a management decision? →
2021-005
Eligibility
MATERIAL WEAKNESS
Condition

GSA_MIGRATION

Corrective Action Plan

GSA_MIGRATION

About Eligibility →

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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