Colorado · Not stated · under $2M in federal spending
Centennial School District R-1
San Luis, CO
The FY2025 single audit reports no findings. Audits on file for FY2023–FY2025: FY2023, FY2025.
Score: 0 of 100 (FY2025 audit)
The sum of eight parts, each read from the audit. How the score works.
| Part | Rule | Points | Max |
|---|
| Material weaknesses | 8 points each | 0 | 24 |
| Significant deficiencies | 3 points each | 0 | 9 |
| Repeat findings | 5 points each | 0 | 15 |
| Longest repeat chain | 2 years 3, 3 years 6, 4 years 9, 5+ years 12 | 0 | 12 |
| Modified major-program opinions | qualified 8 each; any adverse or disclaimer 15 | 0 | 15 |
| Questioned costs | known amount of $25,000 or more, by share and dollars | 0 | 15 |
| Going concern | auditor included a going-concern paragraph | 0 | 5 |
| Prior-year lateness | prior-year audit late or not filed, scored only with a finding | 0 | 5 |
| Score | | 0 | 100 |
Federal funding, FY2025
$987,511 in federal awards spent, across 12 programs. Largest funding agencies:
| Agency | Spent |
|---|
| Department of Education | $658,567 |
| Department of Justice | $185,720 |
| Department of Agriculture | $143,224 |
FY2025 audit
- FAC record
- 2025-06-GSAFAC-0000414006
- Fiscal year end
- June 30, 2025
- Accepted by FAC
- March 31, 2026
- Federal spending
- $987,511 · 12 programs
- Major programs
- 3
- Score
- 0 of 100
No findings reported.
FY2023 audit
- FAC record
- 2023-06-GSAFAC-0000027509
- Fiscal year end
- June 30, 2023
- Accepted by FAC
- March 7, 2024
- Federal spending
- $1,596,950 · 8 programs
- Major programs
- 1
- Score
- 8 of 100
Finding 2023-002
material weakness
- Program
- EDUCATION STABILIZATION FUND (84.425)
- Compliance requirement
- Reporting
- FAC record
- FY2023 audit on fac.gov
Finding text from the filing
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.