EIN: 823816879
UEI: SWV6H3FCANC4
Audited by: Greenwalt CPAs
Oversight agency: 84 [Department of Education]
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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 January 12, 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 July 12, 2024 (778 days ago).
What is a management decision? →Identification of federal program: US DEPARTMENT OF EDUCATION passed through the Indiana Department of Education: Charter Schools Program 84.282A. See finding in Section B. Criteria : According to 2 CFR Subpart F Section 200.510b, the auditee must prepare a Schedule of Expenditures of Federal Awards (SEFA) for the period that includes all amounts spent on federal programs during the reporting period. Condition : The SEFA under-reported the expenditures for Charter Schools Program (CSP) by $24,206. Cause : The School prepared the SEFA based on the federal revenue recorded, rather than the actual federal expenditures incurred. Effect : An audit adjustment of $24,206 was made to increase the federal expenditures reported on the SEFA for the CSP program. Questioned costs: none. Context: $24,406 out of $635,116 total program expenditures were omitted from the SEFA. Recommendation : We recommend that the School implement procedures whereby the SEFA is prepared based on federal expenditures incurred on a GAAP basis. View of responsible officials : See attached corrective action plan.
Show full finding ▾Hide full finding ▴Identification of federal program: US DEPARTMENT OF EDUCATION passed through the Indiana Department of Education: Charter Schools Program 84.282A. See finding in Section B. Criteria : According to 2 CFR Subpart F Section 200.510b, the auditee must prepare a Schedule of Expenditures of Federal Awards (SEFA) for the period that includes all amounts spent on federal programs during the reporting period. Condition : The SEFA under-reported the expenditures for Charter Schools Program (CSP) by $24,206. Cause : The School prepared the SEFA based on the federal revenue recorded, rather than the actual federal expenditures incurred. Effect : An audit adjustment of $24,206 was made to increase the federal expenditures reported on the SEFA for the CSP program. Questioned costs: none. Context: $24,406 out of $635,116 total program expenditures were omitted from the SEFA. Recommendation : We recommend that the School implement procedures whereby the SEFA is prepared based on federal expenditures incurred on a GAAP basis. View of responsible officials : See attached corrective action plan.
Criteria: According to 2 CFR Subpart F Section 200.510b, the auditee must prepare a Schedule of Expenditures of Federal Awards (SEFA) for the period that includes all amounts spent on federal programs during the reporting period. Condition: The SEFA under-reported the expenditures for Charter Schools Program (CSP) by $24,206. Cause: The School prepared the SEFA based on the federal revenue recorded, rather than the actual federal expenditures incurred. Effect: An audit adjustment of $24,206 was made to increase the federal expenditures reported on the SEFA for the CSP program. Recommendation: We recommend that the School implement procedures whereby the SEFA is prepared based on federal expenditures incurred on a GAAP basis. Action Plan: The School has hired an accountant who will follow the accounting rules and standards for financial reporting using GAAP (generally accepted accounting principles).Persons Responsible: Tammy Chaney, Accountant
Expenditures tested that met the small purchase threshold (purchases with a cost between $10,000 and $250,000) did not have documentation detailing the history of procurement. Cause : The School does not have procurement policies that follow federal guidelines, specifically 2 CFR 200.320 Methods of procurement to be followed. Effect : Property and equipment additions made using federal funds during the year did not have appropriate a support showing procurement policies were followed. Questioned costs: $83,864 Context: Two out of two purchases tested for procurement did not follow federal procurement methods. Recommendation : We recommend that the School institute procurement policies whereby acquisitions follow appropriate procurement steps as required by 2 CRF 200.350 and documentation of procurement decisions is maintained. View of responsible officials : See attached corrective action plan
Show full finding ▾Hide full finding ▴Identification of federal program: US DEPARTMENT OF EDUCATION, passed through the Indiana Department of Education, Charter Schools Program 84.282A Criteria : In accordance with CFR 200.318(i), the non-federal entity must maintain records sufficient to detail the history of procurement. These records will include, but are not necessarily limited to, the following: Rationale for the method of procurement, selection of contract type, contractor selection or rejection, and the basis for the contract price. In addition, in accordance with CFR 200.318(a) the non- federal entity must have and use documented procurement procedures consistent with federal procurement standards. Condition: Expenditures tested that met the small purchase threshold (purchases with a cost between $10,000 and $250,000) did not have documentation detailing the history of procurement. Cause : The School does not have procurement policies that follow federal guidelines, specifically 2 CFR 200.320 Methods of procurement to be followed. Effect : Property and equipment additions made using federal funds during the year did not have appropriate a support showing procurement policies were followed. Questioned costs: $83,864 Context: Two out of two purchases tested for procurement did not follow federal procurement methods. Recommendation : We recommend that the School institute procurement policies whereby acquisitions follow appropriate procurement steps as required by 2 CRF 200.350 and documentation of procurement decisions is maintained. View of responsible officials : See attached corrective action plan
Criteria: In accordance with CFR 200.318(i), the non-federal entity must maintain records sufficient to detail the history of procurement. These records will include, but are not necessarily limited to, the following: Rationale for the method of procurement, selection of contract type, contractor selection or rejection, and the basis for the contract price. In addition, in accordance with CFR 200.318(a) the nonfederal entity must have and use documented procurement procedures consistent with federal procurement standards. Condition: Expenditures tested that met the small purchase threshold (purchases with a cost between $10,000 and $250,000) did not have documentation detailing the history of procurement. Cause: The School does not have procurement policies that follow federal guidelines, specifically 2 CFR 200.320 Methods of procurement to be followed. Effect: Property and equipment additions made using federal funds during the year did not have appropriate a support showing procurement policies were followed. Questioned costs: $83,864 Context: Two out of two purchases tested for procurement did not follow federal procurement methods. Recommendation: We recommend that the School institute procurement policies whereby acquisitions follow appropriate procurement steps as required by 2 CRF 200.350 and documentation of procurement decisions is maintained. Action Plan: The School will develop a Procurement Policy that follows the formal bid process and ensures that the school is able to acquire goods based on the most advantageous balance of price, quality, and performance. The School will maintain procurement decision records in vendor files. Person Responsible: Yvonne Bullock, CEO/Head of School Policies are approved by the Board of Directors
Identification of federal program: US DEPARTMENT OF EDUCATION, passed through the Indiana Department of Education, Charter Schools Program 84.282A Criteria : In accordance with 2 CFR 200.403(g), costs must be adequately documented in order to be allowable under Federal awards. Condition : The School was unable to provide documentation for three (3) out of sixty (60) non-payroll expenses. Cause : The School failed to follow its own policies for documentation of expenses and document retention. Effect: The costs were not allowable under the Federal award because they were not adequately documented. Questioned costs: $2,412. Context: Three (3) out of sixty (60) non-payroll expenditures tested did not have original invoice or payment support. Recommendation : We recommend the School implement a document retention system whereby invoices and payment support are retained for the appropriate time period. Recommendation : We recommend the School implement a document retention system whereby invoices and payment support are retained for the appropriate time period. Views of Responsible Officials: See attached Corrective Action Plan.
Show full finding ▾Hide full finding ▴Identification of federal program: US DEPARTMENT OF EDUCATION, passed through the Indiana Department of Education, Charter Schools Program 84.282A Criteria : In accordance with 2 CFR 200.403(g), costs must be adequately documented in order to be allowable under Federal awards. Condition : The School was unable to provide documentation for three (3) out of sixty (60) non-payroll expenses. Cause : The School failed to follow its own policies for documentation of expenses and document retention. Effect: The costs were not allowable under the Federal award because they were not adequately documented. Questioned costs: $2,412. Context: Three (3) out of sixty (60) non-payroll expenditures tested did not have original invoice or payment support. Recommendation : We recommend the School implement a document retention system whereby invoices and payment support are retained for the appropriate time period. Recommendation : We recommend the School implement a document retention system whereby invoices and payment support are retained for the appropriate time period. Views of Responsible Officials: See attached Corrective Action Plan.
Criteria: In accordance with 2 CFR 200.403(g), costs must be adequately documented in order to be allowable under Federal awards. Condition: The School was unable to provide documentation for three (3) out of sixty (60) non-payroll expenses. Cause: The School failed to follow its own policies for documentation of expenses and document retention. Effect: The costs were not allowable under the Federal award because they were not adequately documented. Questioned costs: $2,412 Context: Three (3) out of sixty (60) non-payroll expenditures tested did not have original invoice or payment support. Recommendation: We recommend the School implement a document retention system whereby invoices and payment support are retained for the appropriate time period. Action Plan: The school has maintained receipts for these non-payroll expenditures but were not found within the audit timeline. Better organization of receipts will be implemented. The School will scan receipts and electronically store documents including invoices and payments together. The School will consider multiple platforms including server or a cloud document storage platform. Receipts will be maintained and reported in the appropriate period. Persons Responsible: Yvonne Bullock, CEO/Head of School Gulen Hicks, Consultant Administrative Assistant Consultant
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