Frankton-Lapel Community School Corporation: Single Audit Reports and Findings

Frankton-Lapel Community School Corporation's most recent single audit in the Federal Audit Clearinghouse covers fiscal year 2024, accepted March 19, 2025; the auditor observed on that filing is Crowe LLP. It reported 3 findings, including a material weakness, with an adverse opinion on the financial statements. 5 filings from 2016 to 2024 are on record. Data as of 2026-11-06.

Data as of Nov 6, 2026 · Source: Federal Audit Clearinghouse (public data)

Single audits by year

One row per audit year as the Federal Audit Clearinghouse accepted it. The auditor named is the one observed on that filing; Frankton-Lapel Community School Corporation is recorded in ANDERSON, Indiana under EIN 351263898, and the Clearinghouse records it as a higher education institution. Each report opens on the Clearinghouse itself; how to search the Federal Audit Clearinghouse explains the rest of the reporting package.

Single audits filed by Frankton-Lapel Community School Corporation
Audit yearFiscal year endFederal expendedThreshold appliedAuditor observedOpinionFindingsMW / SDFAC report
20242024-06-30$6,719,342$750,000Crowe LLPAdverse / Not on a GAAP basis3MW2024-06-GSAFAC-0000359086
20222022-06-30$7,535,884$750,000Indiana State Board of AccountsAdverse / Not on a GAAP basis1MW2022-06-CENSUS-0000191948
20202020-06-30$3,485,882$750,000Indiana State Board of AccountsAdverse / Not on a GAAP basis2MW2020-06-CENSUS-0000191948
20182018-06-30$3,734,278$750,000Indiana State Board of AccountsNot on a GAAP basis7MW2018-06-CENSUS-0000191948
20162016-06-30$3,635,562$750,000Indiana State Board of AccountsAdverse18MW / SD2016-06-CENSUS-0000191948

When is the next single audit due?

If Frankton-Lapel Community School Corporation is again required to have a single audit for the fiscal year ending Jun 30, 2025, the reporting package is due to the Federal Audit Clearinghouse by Mar 30, 2026 at the latest.

No filing for that fiscal year appears in the Clearinghouse data as of Nov 6, 2026. The data does not show why: an organization below the threshold is not required to file, and a filing can be accepted after the due date.

Whether an audit is required depends on federal awards expended in that year (the single audit threshold). The rule, 2 CFR 200.512(a): the reporting package is due within 30 calendar days after the auditee receives the auditor's report or nine months after the end of the audit period, whichever is earlier; the date above is the nine-month date, moved to Monday when it falls on a weekend. Last verified: 2026-11-15.

Which federal programs did this organization report?

From the most recent accepted report, as listed on its schedule of expenditures of federal awards (SEFA). "Major" is the designation the auditor made under 2 CFR 200.518, not ours.

Federal programs on the most recent report
ALNProgramExpendedMajor
10.555NATIONAL SCHOOL LUNCH PROGRAM$1,623,370Yes
84.425EDUCATION STABILIZATION FUND$757,574Yes
84.027SPECIAL EDUCATION GRANTS TO STATES$720,752No
84.027SPECIAL EDUCATION GRANTS TO STATES$615,713No
84.425EDUCATION STABILIZATION FUND$602,267Yes
10.553SCHOOL BREAKFAST PROGRAM$583,342Yes
10.555NATIONAL SCHOOL LUNCH PROGRAM$277,785Yes
84.010TITLE I GRANTS TO LOCAL EDUCATIONAL AGENCIES$254,019No
84.010TITLE I GRANTS TO LOCAL EDUCATIONAL AGENCIES$204,922No
93.778MEDICAL ASSISTANCE PROGRAM$172,605No
84.027SPECIAL EDUCATION GRANTS TO STATES$172,030No
84.010TITLE I GRANTS TO LOCAL EDUCATIONAL AGENCIES$161,363No
84.323SPECIAL EDUCATION - STATE PERSONNEL DEVELOPMENT$147,266No
84.027SPECIAL EDUCATION GRANTS TO STATES$115,468No
84.027SPECIAL EDUCATION GRANTS TO STATES$96,815No
84.367SUPPORTING EFFECTIVE INSTRUCTION STATE GRANTS (FORMERLY IMPROVING TEACHER QUALITY STATE GRANTS)$46,402No
84.425EDUCATION STABILIZATION FUND$36,824Yes
84.367SUPPORTING EFFECTIVE INSTRUCTION STATE GRANTS (FORMERLY IMPROVING TEACHER QUALITY STATE GRANTS)$34,527No
84.173SPECIAL EDUCATION PRESCHOOL GRANTS$17,894No
84.173SPECIAL EDUCATION PRESCHOOL GRANTS$17,467No
84.424STUDENT SUPPORT AND ACADEMIC ENRICHMENT PROGRAM$17,295No
84.173SPECIAL EDUCATION PRESCHOOL GRANTS$13,390No
84.367SUPPORTING EFFECTIVE INSTRUCTION STATE GRANTS (FORMERLY IMPROVING TEACHER QUALITY STATE GRANTS)$12,562No
84.424STUDENT SUPPORT AND ACADEMIC ENRICHMENT PROGRAM$7,446No
84.173SPECIAL EDUCATION PRESCHOOL GRANTS$6,470No

What findings did the auditor report?

The reference is the auditor’s; the requirement is the Compliance Supplement category the auditor selected. The finding text itself is not reproduced here; the FAC report linked above carries it in full. What the two severity levels mean: material weakness vs significant deficiency.

Findings on the most recent report
ReferenceRequirementSeverityRepeat
2024-002Activities allowed or unallowed (A); Allowable costs / cost principles (B)Material weaknessNo
2024-003Reporting (L)Material weaknessNo
2024-004Equipment and real property management (F)Material weaknessNo

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How we computed this

Every row comes from the Federal Audit Clearinghouse record named beside it, one report per audit year, with a resubmission superseding the filing it replaces. The auditor is the one named on that filing — it is not a statement about who audits Frankton-Lapel Community School Corporation now. Form 990 figures come from the IRS e-filed return named by its object id. This page exists because the organization filed at least two single audits, or one with a finding.

Cite this page

AuditRadar. “Frankton-Lapel Community School Corporation Single Audit FY2024.” https://getauditradar.com/single-audits/in/frankton-lapel-community-school-corporation-351263898/. Data as of 2026-11-06.