FAC Explorer

Audit 352483

FY End
2024-06-30
Total Expended
$1.80M
Findings
10
Programs
16
Organization: Pleasant Valley School District No. 62 (IL)
Year: 2024 Accepted: 2025-04-02
Auditor: Benning Group LLC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
553814 2024-001 Material Weakness Yes P
553815 2024-002 Material Weakness Yes P
553816 2024-003 - Yes L
553817 2024-004 - Yes B
553818 2024-005 - Yes L
1130256 2024-001 Material Weakness Yes P
1130257 2024-002 Material Weakness Yes P
1130258 2024-003 - Yes L
1130259 2024-004 - Yes B
1130260 2024-005 - Yes L

Programs

ALN Program Spent Major Findings
84.010 Title I Grants to Local Educational Agencies $569,683 Yes 5
84.425 Education Stabilization Fund $320,972 - 0
84.010 Title 1 School Improvement & Accountability $191,490 Yes 0
10.553 School Breakfast Program $133,778 - 0
10.559 Summer Food Service Program $123,430 - 0
84.027 Special Education Grants to States $123,226 - 0
10.555 National School Lunch Program $72,787 - 0
93.778 Medical Assistance Program $67,522 - 0
84.367 Supporting Effective Instruction State Grants (formerly Improving Teacher Quality State Grants) $51,068 - 0
10.582 Fresh Fruit and Vegetable Program $35,225 - 0
84.424 Student Support and Academic Enrichment Program $27,966 - 0
10.555 Arp Child Nuturition - Supply Chain Assistance $15,298 - 0
10.555 Non-Cash Commodity Program $13,666 - 0
84.173 Special Education Preschool Grants $13,307 - 0
10.555 Fresh Fruits & Vegetables Favors Commodity $10,680 - 0
10.649 Pandemic Ebt Administrative Costs $653 - 0

Contacts

Name Title Type
V18SGFEFKK66 Tracy Forck Auditee
3096790634 Jenny Blocker Auditor
No contacts on file

Notes to SEFA

Title: Non Cash Assistance Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Pleasant Valley School District #62 and is presented on the cash basis of accounting. The information in this schedule is presented in accordance with the requirements of the Office of Management and Budget Uniform Administrative Requirement, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the general purpose financial statements. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimus cost rate. See table in the Notes to SEFA for information.

Finding Details

Finding 2024-001
The District is required to complete accurate and timely bank reconciliations. The District lacks adequate procedures for monthly bank reconciliations within their general ledger system and between the bookkeeper's cash reports and the treasurer's reports.
Finding 2024-002
The District is responsible for preparation of accurate financial statements. Material audit adjustments were identified during the fiscal year 2024 financial audit. Several adjustments were needed in order to properly report certain items of revenue and expense in accordance with the provisions of the Illinois School Code and Illinois Program Accounting Manual (IPAM).
Finding 2024-003
Expenditure reports are required to be submitted to ISBE on a timely basis. The September 30, 2023 After School Program (Other State Program 3999-AD), Title II, Title IV, IDEA FT, and IDEA PS expenditure reports were not filed within the required time frame.
Finding 2024-004
The District is required to file an accurate expenditure report. The Title I - Low Income expenditure reports for grant year 2023 reflect expenditures that were not supported by the District's documentation of the programs for fiscal year 2023.
Finding 2024-005
Expenditure reports are required to be submitted to ISBE on a timely basis. The Title I - Low Income expenditure repot for September 30, 2023 was not filed within the required time frame.
Finding 2024-001
The District is required to complete accurate and timely bank reconciliations. The District lacks adequate procedures for monthly bank reconciliations within their general ledger system and between the bookkeeper's cash reports and the treasurer's reports.
Finding 2024-002
The District is responsible for preparation of accurate financial statements. Material audit adjustments were identified during the fiscal year 2024 financial audit. Several adjustments were needed in order to properly report certain items of revenue and expense in accordance with the provisions of the Illinois School Code and Illinois Program Accounting Manual (IPAM).
Finding 2024-003
Expenditure reports are required to be submitted to ISBE on a timely basis. The September 30, 2023 After School Program (Other State Program 3999-AD), Title II, Title IV, IDEA FT, and IDEA PS expenditure reports were not filed within the required time frame.
Finding 2024-004
The District is required to file an accurate expenditure report. The Title I - Low Income expenditure reports for grant year 2023 reflect expenditures that were not supported by the District's documentation of the programs for fiscal year 2023.
Finding 2024-005
Expenditure reports are required to be submitted to ISBE on a timely basis. The Title I - Low Income expenditure repot for September 30, 2023 was not filed within the required time frame.