Colorado · Nonprofit · under $2M in federal spending

Third Future Schools of Colorado

Aurora, CO

The FY2025 single audit reports no findings. Audits on file for FY2023–FY2025: FY2024, FY2025.

Score: 0 of 100 (FY2025 audit)

The sum of eight parts, each read from the audit. How the score works.

Part	Rule	Max
Material weaknesses	8 points each	24
Significant deficiencies	3 points each	9
Repeat findings	5 points each	15
Longest repeat chain	2 years 3, 3 years 6, 4 years 9, 5+ years 12	12
Modified major-program opinions	qualified 8 each; any adverse or disclaimer 15	15
Questioned costs	known amount of $25,000 or more, by share and dollars	15
Going concern	auditor included a going-concern paragraph	5
Prior-year lateness	prior-year audit late or not filed, scored only with a finding	5
Score		100

$1,689,588 in federal awards spent, across 1 program. Largest funding agencies:

Agency	Spent
Department of Education	$1,689,588

No findings reported.

FAC record: 2024-06-GSAFAC-0000419039
Fiscal year end: June 30, 2024
Accepted by FAC: May 26, 2026; submitted 421 days after its due date (March 31, 2025)
Federal spending: $2,400,000 · 1 program
Major programs: 1
Score: 0 of 100

other findings

Finding text from the filing

2024-001 Late Submission of Reporting Package to Single Audit Clearinghouse (84.425U)

Criteria: Under 2 CFR 200.512(a)(1) auditees must submit the Data Collection

Form (SF-SAC) reporting package to the Federal Audit Clearinghouse

(FAC) with the earlier of 30 calendar days after receiving the audit report

or nine months after the end of the audit period.

Condition: The Network did not submit its Data Collection Form and the reporting

package to the FAC within the required timeframe.

Cause: Unknown.

Effect: Noncompliance with the requirements of 2 CFR 200.512(a)(1).

Recommendation: We recommend that the Network advance their timeline for the

preparation for the audit to allow for timely submission of the Data

Collection Form and reporting package.

Management’s

Response: The Network will ensure that future audits will be timely to allow for

submission of the Data Collection Form and reporting package within the

required timeframe.