Result: Procedure #2: We will obtain the NYSED approved CSP grant award information, including the budget and any amendments, to determine if the revenue and expenditures recorded for the period appear reasonable. Result: Procedure #3: We will select a sample of expenditures from the detail obtained in Procedure #1. charged to the grant, Payroll We will select 10 items or 10% of the total number of payroll items – whichever is less. expenses We will select 10 items or 10% of the total number of payroll items charged to the – grant, whichever is less Using the above selected items, we will: Determine if the expenditure is in accordance with the purpose of the grant and that expenditures are charged to pre-opening periods. (See non-regulatory guidance on the CSP grant at ) Determine if the expenditure falls into an approved budget category Determine if the expenditure was charged to the appropriate fiscal period Result: Procedure #4: We will obtain FS-25 form(s) submitted to during the period under review and perform the following. Trace expenditures selected in Procedure #3 to requests for reimbursement. Determine that items requested for reimbursement had previously been expended or were expended within a month following the request for reimbursement. If items have not yet been requested for reimbursement, inquire of responsible charter school officials as to the plan for requesting reimbursement, and determine if a receivable is recorded, if appropriate. If FS-25 forms included amounts on Line 4 (Cash Expenditures Anticipated During Next Month), we will select one FS-25 and determine if funds were expended within 1 month following the date of the request. Procedure #5: Beginning in 2015-16, for schools with a weighted lottery, one of the two procedures listed below must be conducted:
Result: Procedure #2: We will obtain the NYSED approved CSP grant award information, including the budget and any amendments, to determine if the revenue and expenditures recorded for the period appear reasonable. Result: Procedure #3: We will select a sample of expenditures from the detail obtained in Procedure #1. Payroll – We will select 10 items or 10% of the total number of payroll items charged to the grant, whichever is less. expenses – We will select 10 items or 10% of the total number of payroll items charged to the grant, whichever is less Using the above selected items, we will: Determine if the expenditure is in accordance with the purpose of the grant and that expenditures are charged to pre-opening periods. (See non-regulatory guidance on the CSP grant at ) Determine if the expenditure falls into an approved budget category Determine if the expenditure was charged to the appropriate fiscal period Result: Procedure #4: We will obtain FS-25 form(s) submitted to during the period under review and perform the following. Trace expenditures selected in Procedure #3 to requests for reimbursement. Determine that items requested for reimbursement had previously been expended or were expended within a month following the request for reimbursement. If items have not yet been requested for reimbursement, inquire of responsible charter school officials as to the plan for requesting reimbursement, and determine if a receivable is recorded, if appropriate. If FS-25 forms included amounts on Line 4 (Cash Expenditures Anticipated During Next Month), we will select one FS-25 and determine if funds were expended within 1 month following the date of the request. Procedure #5: Beginning in 2015-16, for schools with a weighted lottery, one of the two procedures listed below must be conducted: