EIN: 716020493
UEI: KV4HUV18J3Y3
Audited by: Arkansas Legislative Audit
Oversight agency: 84 [Department of Education]
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Data as of September 2, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on March 9, 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 9, 2026 (4 days from today).
What is a management decision? →FAC accepted this audit on March 13, 2025 — management decision was due September 13, 2025.
FAC accepted this audit on June 12, 2024 — management decision was due December 12, 2024.
FAC accepted this audit on March 14, 2023 — management decision was due September 14, 2023.
FAC accepted this audit on February 14, 2022 — management decision was due August 14, 2022.
Title I expenditures for function 1592 (Title I Summer School) and 2740 (Vehicle Servicing and Maintenance) exceeded the budget amount by $14,211 and $29,082, respectively, more than the 10 percent variance allowed. Cause: The District failed to properly monitor expenditures against the approved budget. Effect or potential effect: The District did not submit applicable budget amendments or adjustments for DESE approval for the Title I program resulting in actual expenditures exceeding budgeted amounts. Context: Comparison of budget expenditures to actual expenditures as reported on the annual financial report. Recommendation: The District should implement procedures to ensure expenditures are properly monitored and budgets are amended as necessary, and consult with DESE for further guidance regarding this matter. Views of responsible officials: Lakeside School District will implement procedures to ensure expenditures are properly monitored and budgets are amended as necessary.
Show full finding ▾Hide full finding ▴U.S. DEPARTMENT OF EDUCATION PASSED THROUGH ARKANSAS DEPARTMENT OF EDUCATION TITLE I GRANTS TO LOCAL EDUCATIONAL AGENCIES - AL NUMBER 84.010A PASS-THROUGH NUMBER 0903 AUDIT PERIOD - YEAR ENDED JUNE 30, 2021 2021-001. Reporting Criteria or specific requirement: The District is required to budget Title I expenditures and submit such information to the Arkansas Division of Elementary and Secondary Education (DESE). Actual expenditures may not exceed the budget amounts for specific categories by more than 10 percent without prior approval from the DESE and submission of budget amendments or adjustments. Condition: Title I expenditures for function 1592 (Title I Summer School) and 2740 (Vehicle Servicing and Maintenance) exceeded the budget amount by $14,211 and $29,082, respectively, more than the 10 percent variance allowed. Cause: The District failed to properly monitor expenditures against the approved budget. Effect or potential effect: The District did not submit applicable budget amendments or adjustments for DESE approval for the Title I program resulting in actual expenditures exceeding budgeted amounts. Context: Comparison of budget expenditures to actual expenditures as reported on the annual financial report. Recommendation: The District should implement procedures to ensure expenditures are properly monitored and budgets are amended as necessary, and consult with DESE for further guidance regarding this matter. Views of responsible officials: Lakeside School District will implement procedures to ensure expenditures are properly monitored and budgets are amended as necessary.
Correction Action Plan Audit Finding Lakeside School District/090300 2021 Audit Year 2021 ? 001 Material Weakness Contacts: Dr. Billy Adams, Superintendent Audrey Brown, Federal Program Coordinator Jeanette Minchew, Business Manager W/P Reference S.40.13 Lakeside School District will ensure expenditures are properly monitored and budgets are amended as necessary, and if needed, to consult with DESE for further guidance regarding comparing actual expenditures to the approved budget expenditures as reported on the annual Financial report.
FAC accepted this audit on March 28, 2021 — management decision was due September 28, 2021.
FAC accepted this audit on March 25, 2020 — management decision was due September 25, 2020.
FAC accepted this audit on February 12, 2019 — management decision was due August 12, 2019.
FAC accepted this audit on March 13, 2018 — management decision was due September 13, 2018.
GSA_MIGRATION
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GSA_MIGRATION
FAC accepted this audit on January 9, 2017 — management decision was due July 9, 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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