Centennial School District R-1

EIN: 840518168

UEI: SLNSEFRERZX9

Data as of August 25, 2026

Centennial School District R-13 audit years1 findings
3
Audit Years
1
Total Findings
0
Repeat Findings

FY 2023-06-30

Management decision deadline — for entities that funded this organization

The FAC accepted this audit on March 7, 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 September 7, 2024 (718 days ago).

What is a management decision? →
2023-002
Reporting
MATERIAL WEAKNESS

Criteria: As a condition of the receipt of funding the District is required to timely and accurately report their expenditures to the State of Colorado on an annual basis. Conditions / Context: The District has not implemented a complete system of internal control to prevent or detect financial misstatements and ensure compliance with Federal awards. Cause: Due to improper coding of capital outlay the District did not properly identify expenditures that should be capitalized and therefore did not accurately report the capital outlay and operating expenditures on the annual report to the State of Colorado. Effect: As a result of this condition the District was not able to accurately report the expenditure of Federal awards to the awarding agency. Recommendation: We recommend the District develop a process to ensure that invoices are recorded to an appropriate general ledger account that properly represents the transaction being recorded. Management’s Response: The district will develop a process to ensure that capital assets are recorded to the appropriate general ledger accounts that properly represents the transaction being recorded.

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Full finding narrative

Criteria: As a condition of the receipt of funding the District is required to timely and accurately report their expenditures to the State of Colorado on an annual basis. Conditions / Context: The District has not implemented a complete system of internal control to prevent or detect financial misstatements and ensure compliance with Federal awards. Cause: Due to improper coding of capital outlay the District did not properly identify expenditures that should be capitalized and therefore did not accurately report the capital outlay and operating expenditures on the annual report to the State of Colorado. Effect: As a result of this condition the District was not able to accurately report the expenditure of Federal awards to the awarding agency. Recommendation: We recommend the District develop a process to ensure that invoices are recorded to an appropriate general ledger account that properly represents the transaction being recorded. Management’s Response: The district will develop a process to ensure that capital assets are recorded to the appropriate general ledger accounts that properly represents the transaction being recorded.

Corrective Action Plan

The district will develop a process to ensure that capital assets are recorded to the appropriate general ledger accounts that properly represents the transaction being recorded.

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