FREMONT-MILLS COMMUNITY SCHOOL DISTRICT

EIN: 426037856

UEI: MKCMB8QQ6JT8

Data as of August 23, 2026

FREMONT-MILLS COMMUNITY SCHOOL DISTRICT1 audit years4 findings
1
Audit Years
4
Total Findings
0
Repeat Findings

FY 2022-06-30

Management decision deadline — for entities that funded this organization

The FAC accepted this audit on February 19, 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 19, 2024 (735 days ago).

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2022-005
Activities Allowed or Unallowed / Cost Allowability / Eligibility / Procurement & Suspension/Debarment / Reporting / Special Tests & Provisions
MATERIAL WEAKNESS

One important aspect of the internal control structure is the segregation of duties among employees to prevent an individual employee from handling duties which are incompatible. We noted one individual has control over portions of one or more of the following areas for the District relating to major federal programs; cash, receipts, disbursements, payroll, financial reporting, computer systems, school lunch program and journal entries. See finding 2022-001.

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Full finding narrative

One important aspect of the internal control structure is the segregation of duties among employees to prevent an individual employee from handling duties which are incompatible. We noted one individual has control over portions of one or more of the following areas for the District relating to major federal programs; cash, receipts, disbursements, payroll, financial reporting, computer systems, school lunch program and journal entries. See finding 2022-001.

Corrective Action Plan

Compensating controls to address the segregation of duties internal control deficiency due to limited staff size have been established in these areas to obtain the maximum internal control possible under current circumstances. Additionally, an operational sharing agreement for Business Manager Services was entered into with a neighboring district for fiscal years 2023 and 2024 to further address the segregation of duties internal control weakness.

About Activities Allowed or Unallowed, Allowable Costs / Cost Principles, Eligibility, Procurement and Suspension and Debarment, Reporting, Special Tests and Provisions →
2022-006
Activities Allowed or Unallowed / Cost Allowability / Eligibility / Procurement & Suspension/Debarment / Reporting / Special Tests & Provisions
MATERIAL WEAKNESS

The District’s financial statements required material adjustments to accounts receivable as well as revenue recognition of federal awards. See finding 2022-002.

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Full finding narrative

The District’s financial statements required material adjustments to accounts receivable as well as revenue recognition of federal awards. See finding 2022-002.

Corrective Action Plan

The district entered into operational sharing agreement for Business Manager Services with a neighboring district for fiscal years 2023 and 2024 to independently review the district’s financial records on a monthly basis to ensure that all transactions are recorded timely, accurately & completely.

About Activities Allowed or Unallowed, Allowable Costs / Cost Principles, Eligibility, Procurement and Suspension and Debarment, Reporting, Special Tests and Provisions →
2022-007
Activities Allowed or Unallowed / Cost Allowability / Eligibility / Procurement & Suspension/Debarment / Reporting / Special Tests & Provisions
MATERIAL WEAKNESS

Bank reconciliations included several items no longer outstanding and other items not recorded in a timely manner giving the appearance bank reconciliations may not be completed each month. See finding 2022-003.

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Bank reconciliations included several items no longer outstanding and other items not recorded in a timely manner giving the appearance bank reconciliations may not be completed each month. See finding 2022-003.

Corrective Action Plan

The district has developed a plan to complete bank reconciliations for all accounts each month using the Software Unlimited accounting system. To assist in implementation of the plan the district entered into an operational sharing agreement for Business Manager services with a neighboring district for fiscal years 2023 and 2024 to address bank reconciliation training, oversight and review each month.

About Activities Allowed or Unallowed, Allowable Costs / Cost Principles, Eligibility, Procurement and Suspension and Debarment, Reporting, Special Tests and Provisions →
2022-008
Activities Allowed or Unallowed / Cost Allowability / Eligibility / Procurement & Suspension/Debarment / Reporting / Special Tests & Provisions

An approved contract, signed by the employee and board president, was not maintained as supporting documentation. See finding 2022-004.

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Full finding narrative

An approved contract, signed by the employee and board president, was not maintained as supporting documentation. See finding 2022-004.

Corrective Action Plan

The district follows established procedures related to required documentation for payroll contracts. The current business manager and the Board of Education President review all payroll contracts in order to properly approve them. The BOE President signs them and the business manager maintains them as required. All fiscal year 2023 and 2024 approved, signed contracts are properly maintained by the district.

About Activities Allowed or Unallowed, Allowable Costs / Cost Principles, Eligibility, Procurement and Suspension and Debarment, Reporting, Special Tests and Provisions →

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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