1 / 23

AUDITS----SINGLE AUDIT CONCEPT, COMPLIANCE

AUDITS----SINGLE AUDIT CONCEPT, COMPLIANCE. CROSS-CUTTING PROVISIONS. compliance requirements apply to more than one ESEA program programs authorized in ESEA are designed to work in concert with each other, rather than separately. MAINTENANCE OF EFFORT. compliance requirement

padma
Download Presentation

AUDITS----SINGLE AUDIT CONCEPT, COMPLIANCE

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. AUDITS----SINGLE AUDIT CONCEPT, COMPLIANCE

  2. CROSS-CUTTING PROVISIONS • compliance requirements apply to more than one ESEA program • programs authorized in ESEA are designed to work in concert with each other, rather than separately

  3. MAINTENANCE OF EFFORT • compliance requirement • if an LEA fails to maintain fiscal effort, the SEA must reduce the amount of allocated funds

  4. AUDIT OBJECTIVE To determine whether the LEA’s calculation: • consistent with the requirements • supported by the records of the LEA

  5. SUGGESTED AUDIT PROCEDURES LEA where LEA does calculation • ensure LEA included only allowable categories • trace amounts used in calculations to records of audited records

  6. SUPPLEMENT NOT SUPPLANT • compliance requirement • increase the level of funds • available from non-Federal funds

  7. AUDIT OBJECTIVE SEA and LEA: To determine LEAs used funds only to supplement, and not supplant, non-Federal funds

  8. AUDIT PROCEDURES • determine procedures used by SEA and LEA to ensure funds used to supplement, and not supplant • identify funded activities • determine whether services would have been provided with non-Federal funds

  9. COMPARABILITY • compliance requirement • funds provide services to Title I schools • services provided are comparable to services provided in non-Title I schools • each LEA must develop procedures for complying • maintenance of records

  10. AUDIT OBJECTIVE LEA: • to determine LEA has developed procedures for compliance • to determine LEA has maintained records

  11. SUGGESTED AUDIT PROCEDURES SEA: • review SEA records • document SEA review of LEA compliance

  12. SUGGESTED AUDIT PROCEDURES LEA: • determine if LEA has procedures and measures for complying with comparability requirement • review comparability documents • trace comparability data to supporting records

  13. CONSOLIDATION ADMINISTRATIVE FUNDS • an LEA may consolidate with SEA approval • not required to keep separate records

  14. AUDIT OBJECTIVE SEA: • amount taken for State administration • amount within statutory and regulatory limits • procedures for LEA request to consolidate To determine:

  15. AUDIT OBJECTIVE LEA: • LEA received prior approval • amount within statutory and regulatory limits To determine:

  16. SUGGESTED AUDIT PROCEDURES • SEA has procedures for responding to LEA requests • determine LEA obtained prior approval • amounts transferred did not exceed allowable amounts • scan general ledger or other records for misclassification

  17. AUDIT OBJECTIVE SEA and LEA: To determine obligations occurred during the period of availability

  18. SUGGESTED AUDIT PROCEDURES • test transactions recorded AFTER end of audit period • determine if underlying obligations recorded properly • test transactions recorded DURING audit period • determine if underlying obligations recorded properly • verify the system was not changed to avoid lapsing funds

  19. SUGGESTED AUDIT PROCEDURES (continued) • review accounting records for adjustments • trace these adjustments to their source • determine that Federal funds were spent within the period of availability

  20. SCHOOLWIDE PROGRAMS • 50% of the children enrolled in the school or residing in the school attendance area must be from low-income families

  21. AUDIT OBJECTIVE The LEA to determine: • schools operating schoolwides are eligible • the schoolwide programs are based on a comprehensive plan with all required elements • Federal funds supplement the total amount of funds available

  22. SUGGESTED AUDIT PROCEDURES • review records • verify school met poverty eligibility requirement • review the procedures and documentation for distribution of resources • determine whether the non-Federal funds was reduced

  23. SUGGESTED AUDIT PROCEDURES (continued) • review and determine if the schoolwide plan: contains a comprehensive needs assessment was developed in consultation of parents identifies schoolwide reform strategies for improving student achievement

More Related