School Town of Speedway: Single Audit Reports and Findings

School Town of Speedway's most recent single audit in the Federal Audit Clearinghouse covers fiscal year 2025, accepted March 12, 2026; the auditor observed on that filing is Indiana State Board of Accounts. It reported 3 findings, with an adverse opinion on the financial statements. 5 filings from 2017 to 2025 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; School Town of Speedway is recorded in SPEEDWAY, Indiana under EIN 356002509, and the Clearinghouse records it as a local government. 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 School Town of Speedway
Audit yearFiscal year endFederal expendedThreshold appliedAuditor observedOpinionFindingsMW / SDFAC report
20252025-06-30$5,148,596$750,000Indiana State Board of AccountsAdverse / Not on a GAAP basis3—2025-06-GSAFAC-0000407457
20232023-06-30$8,031,873$750,000Crowe LLPAdverse / Not on a GAAP basis2—2023-06-GSAFAC-0000031607
20212021-06-30$4,153,128$750,000Crowe LLPAdverse / Not on a GAAP basis1MW2021-06-CENSUS-0000216523
20192019-06-30$3,495,775$750,000Indiana State Board of AccountsAdverse / Not on a GAAP basis4MW / SD2019-06-CENSUS-0000216523
20172017-06-30$3,139,690$750,000Indiana State Board of AccountsNot on a GAAP basis5MW2017-06-CENSUS-0000216523

When is the next single audit due?

If School Town of Speedway is again required to have a single audit for the fiscal year ending Jun 30, 2026, the reporting package is due to the Federal Audit Clearinghouse by Mar 30, 2027 at the latest.

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.

Indiana also publishes audit reports of local governments: Indiana State Board of Accounts. 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 2024$804,131No
10.555NATIONAL SCHOOL LUNCH PROGRAM 2025$791,485No
84.425EDUCATION STABILIZATION FUND 2024$485,960Yes
84.027SPECIAL EDUCATION GRANTS TO STATES 2024$485,668Yes
84.425EDUCATION STABILIZATION FUND 2024$457,884Yes
84.027SPECIAL EDUCATION GRANTS TO STATES 2025$421,109Yes
84.010TITLE I GRANTS TO LOCAL EDUCATIONAL AGENCIES 2024$420,912Yes
84.010TITLE I GRANTS TO LOCAL EDUCATIONAL AGENCIES 2025$393,227Yes
10.553SCHOOL BREAKFAST PROGRAM 2025$202,440No
10.553SCHOOL BREAKFAST PROGRAM 2024$187,112No
84.367SUPPORTING EFFECTIVE INSTRUCTION STATE GRANTS (FORMERLY IMPROVING TEACHER QUALITY STATE GRANTS) 2024$85,760No
84.367SUPPORTING EFFECTIVE INSTRUCTION STATE GRANTS (FORMERLY IMPROVING TEACHER QUALITY STATE GRANTS) 2025$74,881No
84.365ENGLISH LANGUAGE ACQUISITION STATE GRANTS 2024$69,323No
93.778MEDICAL ASSISTANCE PROGRAM 2025$55,037No
84.365ENGLISH LANGUAGE ACQUISITION STATE GRANTS 2025$50,687No
84.424STUDENT SUPPORT AND ACADEMIC ENRICHMENT PROGRAM 2025$34,009No
93.778MEDICAL ASSISTANCE PROGRAM 2025$29,939No
84.424STUDENT SUPPORT AND ACADEMIC ENRICHMENT PROGRAM 2024$23,418No
93.778MEDICAL ASSISTANCE PROGRAM 2024$22,802No
84.425EDUCATION STABILIZATION FUND 2025$22,697Yes
84.027SPECIAL EDUCATION GRANTS TO STATES 2024$15,187Yes
84.173SPECIAL EDUCATION PRESCHOOL GRANTS 2024$8,679Yes
93.566REFUGEE AND ENTRANT ASSISTANCE STATE/REPLACEMENT DESIGNEE ADMINISTERED PROGRAMS 2024$5,814No
84.173SPECIAL EDUCATION PRESCHOOL GRANTS 2024$230Yes
84.173SPECIAL EDUCATION PRESCHOOL GRANTS 2025$205Yes

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
2025-001Eligibility (E)Material weaknessNo
2025-002Equipment and real property management (F)Material weaknessYes
2025-003Special tests and provisions (N)Material weaknessYes

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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 School Town of Speedway 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. “School Town of Speedway, Indiana Single Audit FY2025.” https://getauditradar.com/single-audits/in/school-town-of-speedway-356002509/. Data as of 2026-11-06.