EIN: 331101817
UEI: W1K5N142U6G5
Data as of August 26, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on December 13, 2020. 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 June 13, 2021 (1900 days ago).
What is a management decision? →Criteria Per the Uniform Guidance, the School must maintain an adequate system of internal control over financial reporting in order to initiate, authorize, record, process and report financial data reliably in accordance with generally accepted accounting principles. Condition During our audit, we identified several key accounts that had not been reviewed as of June 30, 2020. These accounts included: Accounts receivable, property, plant and equipment, accounts payable and deferred revenue. As a result, the financial statements as of and for the year ended June 30, 2020, required additional time and analysis before the financial statements could be finalized and available for issuance. This also required audit adjustments that had a negative impact on net assets of $297,500. Cause The School does not have adequate internal controls over financial reporting in place to ensure the review and analysis for certain key accounts on a timely basis. Effect The delay in completing account analysis for the financial statement accounts could allow for misstatements, errors and irregularities to go undetected. Also, accurate financial information was not available to make management decisions. Recommendation We recommend the School continue to reinforce its processes and procedures to ensure reconciliations and account analysis are completed and reviewed by appropriate supervisory personnel. The School should ensure accurate interim and year-end financial statements. Accurate financial information is vital to make management decisions that impact the School. Questioned Costs Unknown. Managements Response Management agrees with the finding. See Schedule of Correction Action Plans.
Show full finding ▾Hide full finding ▴Criteria Per the Uniform Guidance, the School must maintain an adequate system of internal control over financial reporting in order to initiate, authorize, record, process and report financial data reliably in accordance with generally accepted accounting principles. Condition During our audit, we identified several key accounts that had not been reviewed as of June 30, 2020. These accounts included: Accounts receivable, property, plant and equipment, accounts payable and deferred revenue. As a result, the financial statements as of and for the year ended June 30, 2020, required additional time and analysis before the financial statements could be finalized and available for issuance. This also required audit adjustments that had a negative impact on net assets of $297,500. Cause The School does not have adequate internal controls over financial reporting in place to ensure the review and analysis for certain key accounts on a timely basis. Effect The delay in completing account analysis for the financial statement accounts could allow for misstatements, errors and irregularities to go undetected. Also, accurate financial information was not available to make management decisions. Recommendation We recommend the School continue to reinforce its processes and procedures to ensure reconciliations and account analysis are completed and reviewed by appropriate supervisory personnel. The School should ensure accurate interim and year-end financial statements. Accurate financial information is vital to make management decisions that impact the School. Questioned Costs Unknown. Managements Response Management agrees with the finding. See Schedule of Correction Action Plans.
Management Response The School experienced turnover that affected the financial close process. New key personnel have been hired and intended to address areas of control weakness and mitigate its occurrence. We immediately began coordinating internally and with an external third-party bookkeeper in devising monthly schedules and a formalized closing process. We will also adopt audit recommendations for key accounts to include: oCreating separate accounts to track property tax and Imagine related partyreceivables/payable. oEnsuring the accuracy of the fixed asset schedule and the capitalization policy isfollowed. Person Responsible for Corrective Action Director of Operations Planned Implementation Date Formal policies and procedures will be drafted and implemented by January 31, 2021.
Criteria Per the Uniform Guidance, the School must follow the procurement standards set out at 2 CFR sections 200.318 through 200.326. The standards include conducting all procurement transactions in a manner providing full and open competition, in accordance with 2 CFR section 200.319. For acquisitions exceeding the simplified acquisition threshold, the School must use one of the following procurement methods: the sealed bid method if the acquisition meets the criteria in 2 CFR section 200.320(c); the competitive proposals method under the conditions specified in 2 CFR section 200.320(d); or the noncompetitive proposals method (i.e., solicit a proposal from only one source) but only when certain circumstances are met, in accordance with 2 CFR section 200.320(f). Condition For the one vendor associated with the program, the contract term with the School was expired and subsequently extended without full and open competition or other justification. The School incurred $325,500 in expenses during the fiscal year with this vendor. Cause The School does not have adequate internal controls over procurement in place to ensure that contracts are entered into in accordance with 2 CFR 200 to provide full and open competition. Effect The School is not in compliance with Federal procurement requirements. Recommendation We recommend the School continue to reinforce its processes and procedures around procurement and to ensure they maintain adequate documentation to support that the Federal laws and procedures were followed for procurement, suspension and debarment. Questioned Costs Unknown. Managements Response Management agrees with the finding. See Schedule of Correction Action Plans.
Show full finding ▾Hide full finding ▴Criteria Per the Uniform Guidance, the School must follow the procurement standards set out at 2 CFR sections 200.318 through 200.326. The standards include conducting all procurement transactions in a manner providing full and open competition, in accordance with 2 CFR section 200.319. For acquisitions exceeding the simplified acquisition threshold, the School must use one of the following procurement methods: the sealed bid method if the acquisition meets the criteria in 2 CFR section 200.320(c); the competitive proposals method under the conditions specified in 2 CFR section 200.320(d); or the noncompetitive proposals method (i.e., solicit a proposal from only one source) but only when certain circumstances are met, in accordance with 2 CFR section 200.320(f). Condition For the one vendor associated with the program, the contract term with the School was expired and subsequently extended without full and open competition or other justification. The School incurred $325,500 in expenses during the fiscal year with this vendor. Cause The School does not have adequate internal controls over procurement in place to ensure that contracts are entered into in accordance with 2 CFR 200 to provide full and open competition. Effect The School is not in compliance with Federal procurement requirements. Recommendation We recommend the School continue to reinforce its processes and procedures around procurement and to ensure they maintain adequate documentation to support that the Federal laws and procedures were followed for procurement, suspension and debarment. Questioned Costs Unknown. Managements Response Management agrees with the finding. See Schedule of Correction Action Plans.
Management Response The School does have processes and procedures around procurement however, our processes, procedures and training did not properly incorporate a sufficient understanding of the CFR sections mentioned in the finding. The new Director of Operations intends to increase the understanding of these provisions and to provide close oversight of this important area in the future. Person Responsible for Corrective Action Director of Operations Planned Implementation Date Director of Operations will identify the appropriate professional development and training for all staff involved in the process. Formal policies and procedures will be drafted and implemented by January 31, 2021.
FAC accepted this audit on January 13, 2020 — management decision was due July 13, 2020.
Schedule of Findings and Questioned Costs For the Year Ended June 30, 2019 28 Finding: 2019-001 Type of Finding ? Significant Deficiency and Noncompliance with Contract Provisions Repeat Finding: No Criteria In accordance with Section 2.3 of the Charter School Agreement (the Agreement) between the School and the District of Columbia Public Charter School Board (DC PCSB), enrollment shall only be open to any pupil in pre-kindergarten through eighth grade, who reside in the District of Columbia. Students who are not residents of the District of Columbia may not be enrolled. Condition During our audit, it came to our attention that there were students from the State of Maryland enrolled for school year 2018-19. Cause The School did not haveadequateinternal controlsovercompliance in place to ensure thereviewof the eligibility requirementsin accordance with the terms set-forth in the Agreement with DCPCSB. Effect Impropereligibility procedurescould allowforerrorsin admission of students in accordancewith regulations. Additionally, noncompliance with the terms set-forth in the Agreement could jeopardize the School?s charter status andresult in liabilities to the DC PCSB. Recommendation We recommend the School continueto reinforce itsprocesses and procedures toensureeligibility and enrollmentis adequately reviewedby appropriatesupervisory personnel. The enrollment of eligible studentsis integral in maintaining a good status with the DC PCSB and indetermining properrevenue recognition for the School. Questioned Costs Unknown. Management Response Management agrees with the finding. See schedule of corrective action.
Show full finding ▾Hide full finding ▴Schedule of Findings and Questioned Costs For the Year Ended June 30, 2019 28 Finding: 2019-001 Type of Finding ? Significant Deficiency and Noncompliance with Contract Provisions Repeat Finding: No Criteria In accordance with Section 2.3 of the Charter School Agreement (the Agreement) between the School and the District of Columbia Public Charter School Board (DC PCSB), enrollment shall only be open to any pupil in pre-kindergarten through eighth grade, who reside in the District of Columbia. Students who are not residents of the District of Columbia may not be enrolled. Condition During our audit, it came to our attention that there were students from the State of Maryland enrolled for school year 2018-19. Cause The School did not haveadequateinternal controlsovercompliance in place to ensure thereviewof the eligibility requirementsin accordance with the terms set-forth in the Agreement with DCPCSB. Effect Impropereligibility procedurescould allowforerrorsin admission of students in accordancewith regulations. Additionally, noncompliance with the terms set-forth in the Agreement could jeopardize the School?s charter status andresult in liabilities to the DC PCSB. Recommendation We recommend the School continueto reinforce itsprocesses and procedures toensureeligibility and enrollmentis adequately reviewedby appropriatesupervisory personnel. The enrollment of eligible studentsis integral in maintaining a good status with the DC PCSB and indetermining properrevenue recognition for the School. Questioned Costs Unknown. Management Response Management agrees with the finding. See schedule of corrective action.
Schedule of Corrective Action November 26, 2019 Finding 2019-001 ? Significant Deficiency and Noncompliance with Contract Provisions Responsible Official?s Response and Corrective Action Plan The School became aware of the violation of the DC charter law precluding the enrollment of students not residents of DC this summer (2019). The School immediately notified the Senior Management of Imagine Schools Inc., the School?s Board of Directors and reported the violation to OSSE. Discussions were held with staff to determine the extent and reason for the non-compliance. A plan of correction was put in place by the Regional Director. New staff members have been hired with experience in student records and familiarity with the residency law in DC. They began the process of examining all student records for compliance with the law, updating student files with new and complete documentation that is in compliance with residency requirements for DC charter schools. In addition, they have informed those parents/guardians not in compliance and worked with them to guarantee they are in compliance with the residency law. The School believes it will be able to monitor compliance in the future and residency violations. Person Responsible for Corrective Action Regional Director, Imagine Schools, Inc. Planned Implementation Date Effective immediately.
FAC accepted this audit on January 23, 2018 — management decision was due July 23, 2018.
GSA_MIGRATION
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GSA_MIGRATION
2016-001
GSA_MIGRATION
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GSA_MIGRATION
FAC accepted this audit on December 21, 2016 — management decision was due June 21, 2017.
GSA_MIGRATION
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