EIN: 460656134
UEI: DQ4HU4UYSA48
Audited by: Citrin Cooperman & Company, LLP
Oversight agency: 10 [Department of Agriculture]
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Data as of August 28, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on March 31, 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 October 1, 2026 (31 days from today).
What is a management decision? →FAC accepted this audit on January 27, 2025 — management decision was due July 27, 2025.
FAC accepted this audit on February 1, 2024 — management decision was due August 1, 2024.
The initial SEFA prepared by the Foundation’s personnel did not reconcile the federal expenditures reported on the SEFA to the federal revenue received by granting agency. Effect: The SEFA provided to us did not contain the correct amounts of federal expenditures which is the basis used to determine the major federal programs to be audited in a fiscal year. Inaccurate reporting may result in improper auditing of the wrong federal programs in any given year and noncompliance with federal regulations. Cause: The Foundation receives multiple sources of revenues, including both federal and state, which fund the costs of the charter schools. The classification of program revenue and therefore federal expenditures was not accurate and not detected during internal review, which resulted in errors on the initial SEFA. This is a repeat finding from the prior year and is considered a significant deficiency in fiscal year 2023. Recommendation: The Foundation should strengthen its controls including its review and approval processes over the information and balances that is accumulated and reported on the SEFA to make sure the expenditures reported are an accurate representation of federal reimbursements.
Show full finding ▾Hide full finding ▴Assistance Listing Numbers Name of Federal Program or Cluster 84.425 Education Stabilization Fund Under the Coronavirus Aid Relief and Economic Security Act Questioned Costs: N/A Criteria: The Uniform Guidance Subpart F section 200.510 requires the preparation of the Schedule of Expenditures of Federal Awards (SEFA) that includes an accurate reporting of federal awards expended based on the terms and conditions of the grants. In order for the SEFA to be prepared accurately and properly report the amounts expended for federal awards, a system of controls should be in existence that includes the timely preparation and review of the amounts reported on the SEFA. Universe/Population Size: None Sample Size: None Condition: The initial SEFA prepared by the Foundation’s personnel did not reconcile the federal expenditures reported on the SEFA to the federal revenue received by granting agency. Effect: The SEFA provided to us did not contain the correct amounts of federal expenditures which is the basis used to determine the major federal programs to be audited in a fiscal year. Inaccurate reporting may result in improper auditing of the wrong federal programs in any given year and noncompliance with federal regulations. Cause: The Foundation receives multiple sources of revenues, including both federal and state, which fund the costs of the charter schools. The classification of program revenue and therefore federal expenditures was not accurate and not detected during internal review, which resulted in errors on the initial SEFA. This is a repeat finding from the prior year and is considered a significant deficiency in fiscal year 2023. Recommendation: The Foundation should strengthen its controls including its review and approval processes over the information and balances that is accumulated and reported on the SEFA to make sure the expenditures reported are an accurate representation of federal reimbursements.
We continually strive to improve the quality of our grant process by implementing additional procedures that we believe will enhance the accuracy and timeliness of our grant accounting and reimbursements. Some of these procedures consist of the following: (1) Regular monthly grant reviews with the review comments for corrections of each SOA/school before the accountants monthly close by assigning reviewers (Grant Coordinator, Grant Administrator, Grant Manager, Treasury, Accountant and Assistant Controllers), (2) Each SOA is tasked with reviewing reimbursements prior to submitting for payments to ensure accuracy. Grant Coordinator is tasked with overseeing each SOA/School by ensuring expenditures are coded correctly and payments received correctly, this will ensure audit readiness, (3) Grant Coordinator, Grant Liaison, Grants Manager monitor all reimbursement claims in Power BI, (4) The treasury team is tasked to identify payments in a timely fashion to ensure payments are posted correctly to NetSuite by the accountant, (5) The grants team will hold quarterly meetings to resolve any grant concerns that may require feedback from Accounting: Our objective is to strengthen our teams across the board by: a. Communication b. Timeliness c. Accuracy d. Audit Preparedness e. Follow up We anticipate that our additional procedures will aid our efforts to improve the accuracy and timeliness of our grant accounting and reimbursements.
2022-007
FAC accepted this audit on May 1, 2023 — management decision was due November 1, 2023.
The initial SEFA prepared by the Foundation?s personnel did not reconcile the federal expenditures reported on the SEFA to the federal revenue received by granting agency. Effect: The SEFA provided to us did not contain the correct amounts of federal expenditures which is the basis used to determine the major federal programs to be audited in a fiscal year. Inaccurate reporting may result in improper auditing of the wrong federal programs in any given year and non-compliance with federal regulations. Cause: The Foundation receives multiple sources of revenues, including both federal and state, which fund the costs of the of the charter schools. The classification of program revenue and therefore federal expenditures was not accurate and not detected during internal review, which resulted in errors on the initial SEFA. This is a repeat finding from the prior year. Recommendation: The Foundation should strengthen its controls including its review and approval processes over the information and balances that is accumulated and reported on the SEFA to make sure the expenditures reported are an accurate representation of federal reimbursements. View of Responsible Official: Management agrees with the finding. See corrective action plan attached.
Show full finding ▾Hide full finding ▴2022-007) Preparation of Schedule of Expenditures and Federal Awards Assistance Listing Numbers Name of Federal Program or Cluster 84.425D ESSER ? Formula ? COVID-19 84:425U ESSER III EB Interventions - COVID-19 Questioned Costs: N/A Criteria: The Uniform Guidance Subpart F section 200.510 requires the preparation of the Schedule of Expenditures of Federal Awards (SEFA) that includes an accurate reporting of federal awards expended based on the terms and conditions of the grants. In order for the SEFA to be prepared accurately and properly report the amounts expended for federal awards, a system of controls should be in existence that includes the timely preparation and review of the amounts reported on the SEFA. Universe/ Population Size: None Sample size: None Condition: The initial SEFA prepared by the Foundation?s personnel did not reconcile the federal expenditures reported on the SEFA to the federal revenue received by granting agency. Effect: The SEFA provided to us did not contain the correct amounts of federal expenditures which is the basis used to determine the major federal programs to be audited in a fiscal year. Inaccurate reporting may result in improper auditing of the wrong federal programs in any given year and non-compliance with federal regulations. Cause: The Foundation receives multiple sources of revenues, including both federal and state, which fund the costs of the of the charter schools. The classification of program revenue and therefore federal expenditures was not accurate and not detected during internal review, which resulted in errors on the initial SEFA. This is a repeat finding from the prior year. Recommendation: The Foundation should strengthen its controls including its review and approval processes over the information and balances that is accumulated and reported on the SEFA to make sure the expenditures reported are an accurate representation of federal reimbursements. View of Responsible Official: Management agrees with the finding. See corrective action plan attached.
2022-007) Preparation of Schedule of Expenditures and Federal Awards Assistance Listing Numbers Name of Federal Program or Cluster 84.425D ESSER-F01mula- COVID-19 84:425U ESSER III EB Interventions - COVID-19 The following is the corrective action plan to assure all revenues are recorded accurately and timely. The SVP of Finance and Accounting, Myrna Laine-hyppolite, will be the responsible party for this corrective action plan. We have established monthly meetings to evaluate and discuss pending grant reimbursement requests as well as future drawdowns. The monthly reconciliation of the grant revenues and expenses are reviewed by the Accounting Manager and Assistant Controller. The accountant will establish an organized method for tracking all grant revenues. Our Grants Accounting manager helps monitor the budget spending and grant utilization. All revenue is being verified each month against the amounts received and all current year expenses will have offsetting grant revenues. The timeline for correction is for the fiscal year ending June 30, 2023 reporting.
2021-001
FAC accepted this audit on March 17, 2022 — management decision was due September 17, 2022.
The initial SEFA prepared by the Foundation?s personnel did not reconcile the federal expenditures reported on the SEFA to the federal revenue received by granting agency. Effect: The SEFA provided to us did not contain the correct amounts of federal expenditures which is the basis used to determine the major federal programs to be audited in a fiscal year. Inaccurate reporting may result in improper auditing of the wrong federal programs in any given year and non-compliance with federal regulations. Cause: The Foundation receives multiple sources of revenues, including both federal and state, which fund the costs of the of the charter schools. During the year the Foundation underwent a system conversion which created difficulty in classification of program revenue.Recommendation: The Foundation should strengthen its controls including its review and approval processes over the information and balances that is accumulated and reported on the SEFA to make sure the expenditures reported are an accurate representation of federal costs. View of Responsible Official: Management is in the process of transitioning its accounting and financial systems to a modern cloud-based software system. As a result of this transition, the reporting structure of the new system did not capture this critical information. While we continue to optimize the new system, we have instituted manual checks and balances to ensure that the information provided in the forthcoming year is accurate.
Show full finding ▾Hide full finding ▴2021-001) Preparation of Schedule of Expenditures and Federal Awards Assistance Listing Numbers Name of Federal Program or Cluster Child Nutrition Cluster: 10.553 School Breakfast Program 10.555 National School Lunch Program Questioned Costs: N/A Criteria: The Uniform Guidance Subpart F section 200.510 requires the preparation of the Schedule of Expenditures of Federal Awards (SEFA) that includes an accurate reporting of federal awards expended based on the terms and conditions of the grants. In order for the SEFA to be prepared accurately and properly report the amounts expended for federal awards, a system of controls should be in existence that includes the timely preparation and review of the amounts reported on the SEFA. Universe/ Population Size: None Sample size: None Condition: The initial SEFA prepared by the Foundation?s personnel did not reconcile the federal expenditures reported on the SEFA to the federal revenue received by granting agency. Effect: The SEFA provided to us did not contain the correct amounts of federal expenditures which is the basis used to determine the major federal programs to be audited in a fiscal year. Inaccurate reporting may result in improper auditing of the wrong federal programs in any given year and non-compliance with federal regulations. Cause: The Foundation receives multiple sources of revenues, including both federal and state, which fund the costs of the of the charter schools. During the year the Foundation underwent a system conversion which created difficulty in classification of program revenue.Recommendation: The Foundation should strengthen its controls including its review and approval processes over the information and balances that is accumulated and reported on the SEFA to make sure the expenditures reported are an accurate representation of federal costs. View of Responsible Official: Management is in the process of transitioning its accounting and financial systems to a modern cloud-based software system. As a result of this transition, the reporting structure of the new system did not capture this critical information. While we continue to optimize the new system, we have instituted manual checks and balances to ensure that the information provided in the forthcoming year is accurate.
Corrective Action Plan for the Audit Finding for the year ended June 30, 2021 Submitted to: Postlethwaite & Netterville, APAC 8550 United Plaza Blvd, Suite 1001 Baton Rouge, LA 70809 The South Louisiana Charter Foundation Inc. respectfully submits the following corrective action plan for the year ended June 30, 2021. Response to Finding: 2021-001) Preparation of Schedule of Expenditures and Federal Awards Management is in the process of transitioning its accounting and financial systems to a modern cloud-based software system. As a result of this transition, the reporting structure of the new system did not capture this critical information. While we continue to optimize the new system, we have instituted manual checks and balances to ensure that the information provided in the forthcoming year is accurate.
FAC accepted this audit on January 25, 2021 — management decision was due July 25, 2021.
FAC accepted this audit on January 8, 2020 — management decision was due July 8, 2020.
FAC accepted this audit on January 10, 2019 — management decision was due July 10, 2019.
FAC accepted this audit on January 10, 2018 — management decision was due July 10, 2018.
GSA_MIGRATION
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Show full finding ▾Hide full finding ▴FAC accepted this audit on September 20, 2017 — management decision was due March 20, 2018.
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