Criteria - The School's annual filing with the Federal Audit Clearinghouse ("FAC") for fiscal year ended September 30, 2024 was due no later than June 30, 2025. Condition - The required annual filing with FAC was not made by the required deadline of June 30, 2025. Cause - Delay in the engagement of an independent auditor to begin the single audit. Effect - A delay in the audit for fiscal year ended September 30, 2024 resulted in the FAC deadline being missed. Untimely filing hinders the timely administration and assessment of results by grantor officials. Recommendation - We recommend that the School should implement formal internal control policies and procedures to rectify the conditions noted above. Management response - See corrective action plan provided by the Head of School.
Implementation of plan of action - Management will engage with independent auditors earlier for timely completion of the audit and annual filing with FAC. Implementation date - Anticipated completion August 28, 2025. Persons responsible for the implementation - The Board of Directors and Head of School.
Criteria - Title 2 CFR 200.305 of the Uniform Guidance requires that program costs be paid with recipient or subrecipient funds before requesting reimbursement from the federal government or pass-through entity. When awards provide for advance payments, recipients must follow procedures to minimize the time between drawdown of funds from the U.S. Treasury and expenditure of funds by the recipient or subrecipient. Condition - During the audit for the year ended September 30, 2024, we noted three instances of reimbursements requested from the pass-through entity for expenditures that were not paid prior to the request. The School subsequently made payments to the vendors in August 2025. Cause - Funds were requested to reimburse for School expenditures that were not paid to vendors. Questioned costs - $7,180. Effect - The School did not minimize the time between the drawdown of funds and the disbursement of funds to the vendors. Recommendation - We recommend that the School should implement adequate policies and procedures to ensure requests for drawdowns are reimbursements of program expenditures and, when the drawdown is an advance payment, the time period between the drawdown of funds and the use of the funds is minimized. Management response - See corrective action plan provided by the Head of School.
Implementation of plan of action - Management will review its internal controls and policies and procedures to ensure that requests for reimbursement are for appropriate program expenditures. Implementation date - Anticipated completion August 28, 2025. Persons responsible for the implementation - The Board of Directors and Head of School.
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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