EIN: 233075231
UEI: EBDFEK22KHP2
Audited by: Barbacane Thornton & Company
Oversight agency: 84 [Department of Education]
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Data as of August 31, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on March 25, 2026. 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 25, 2026 (23 days from today).
What is a management decision? →FAC accepted this audit on March 25, 2025 — management decision was due September 25, 2025.
During the current year audit, material journal entries were needed to correct the beginning balances of various asset, liability, and equity accounts. We also noted, that the School was unable to identify the receipt of the federal IDEA funding receivable from fiscal year 2023, which was passed through the Montgomery County Intermediate Unit. This funding from 2023 was received in 2024; however, the client was unable to determine where the payment was posted. This resulted in federal receivables being overstated on the unadjusted trial balance. As a result, material adjustments were needed to correct the current year ending balances of accounts receivable, IDEA revenue, and interest income. The internal controls over financial reporting did not function properly and did not properly reconcile beginning account balances to the prior year audit report or current year receivable, IDEA revenue, and interest income balances. These changes also resulted in the School making periodic changes to the trial balances provided for the audit.
Show full finding ▾Hide full finding ▴During the current year audit, material journal entries were needed to correct the beginning balances of various asset, liability, and equity accounts. We also noted, that the School was unable to identify the receipt of the federal IDEA funding receivable from fiscal year 2023, which was passed through the Montgomery County Intermediate Unit. This funding from 2023 was received in 2024; however, the client was unable to determine where the payment was posted. This resulted in federal receivables being overstated on the unadjusted trial balance. As a result, material adjustments were needed to correct the current year ending balances of accounts receivable, IDEA revenue, and interest income. The internal controls over financial reporting did not function properly and did not properly reconcile beginning account balances to the prior year audit report or current year receivable, IDEA revenue, and interest income balances. These changes also resulted in the School making periodic changes to the trial balances provided for the audit.
Pennsylvania Virtual Charter School management agrees with the above recommendation and has instituted policies and procedures designed to address this finding. (Please see the list of approved policies and procedures.)
FAC accepted this audit on April 5, 2024 — management decision was due October 5, 2024.
The quarterly filings related to the Education Stabilization Fund Under the Coronavirus Aid, Relief, and Economic Security Act Grants were not filed timely during fiscal year end 2023. This led to the suspension of payments from the Pennsylvania Department of Education.
Show full finding ▾Hide full finding ▴The quarterly filings related to the Education Stabilization Fund Under the Coronavirus Aid, Relief, and Economic Security Act Grants were not filed timely during fiscal year end 2023. This led to the suspension of payments from the Pennsylvania Department of Education.
Pennsylvania Virtual Charter School management agrees with the above recommendation and has instituted policies and procedures designed to address this finding: 1) Clarified that the appropriate persons are receiving audit notifications, and 2) Subsequent due dates are included in the organizational and departmental and administrative calendars.
FAC accepted this audit on March 7, 2023 — management decision was due September 7, 2023.
FAC accepted this audit on March 6, 2022 — management decision was due September 6, 2022.
FAC accepted this audit on December 21, 2020 — management decision was due June 21, 2021.
FAC accepted this audit on January 9, 2020 — management decision was due July 9, 2020.
FAC accepted this audit on January 9, 2019 — management decision was due July 9, 2019.
FAC accepted this audit on January 16, 2018 — management decision was due July 16, 2018.
FAC accepted this audit on January 12, 2017 — management decision was due July 12, 2017.
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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