The District's internal controls state most purchases require a purchase order. Purchase orders were missing on 2 out of 26 transactions tested.
The District is responsible for filing quarterly expenditure reports on time, within 20 days of the end of the quarter. The District filed the Sept 30, 2022 IDEA Pre-K and IDEA FT, the Dec 31, 2022 ESSER II, and the Mar 31, 2023 ESSER II expenditure reports late.
The District is responsible for filing quarterly expenditure reports on time, within 20 days of the end of the quarter. The District filed the Dec 31, 2022 and Mar 31, 2023 ESSER II expenditure reports late.
The District is responsible for preparation of accurate financial statements. A material audit adjustment was identified during the fiscal year 2023 financial audit. Several material audit adjustments were necessary to arrive at accurate financial statements in accordance with provisions of the Illinois School Code and the Illinois Program Accounting Manual (IPAM).
One or more custodians of funds failed to comply with the bonding requirements of the Illinois School Code. The treasurer's bond in force was not sufficient to meet the bonding requirement for one month during fiscal year 2023. The Illinois School Code requires the district treasurer to be bonded for at least 25% of the total funds in his/her custody.
The District's internal controls state most purchases require a purchase order. Purchase orders were missing on 2 out of 26 transactions tested.
The District is responsible for filing quarterly expenditure reports on time, within 20 days of the end of the quarter. The District filed the Sept 30, 2022 IDEA Pre-K and IDEA FT, the Dec 31, 2022 ESSER II, and the Mar 31, 2023 ESSER II expenditure reports late.
The District is responsible for filing quarterly expenditure reports on time, within 20 days of the end of the quarter. The District filed the Dec 31, 2022 and Mar 31, 2023 ESSER II expenditure reports late.
The District is responsible for preparation of accurate financial statements. A material audit adjustment was identified during the fiscal year 2023 financial audit. Several material audit adjustments were necessary to arrive at accurate financial statements in accordance with provisions of the Illinois School Code and the Illinois Program Accounting Manual (IPAM).
One or more custodians of funds failed to comply with the bonding requirements of the Illinois School Code. The treasurer's bond in force was not sufficient to meet the bonding requirement for one month during fiscal year 2023. The Illinois School Code requires the district treasurer to be bonded for at least 25% of the total funds in his/her custody.