FAC Explorer

Audit 3703

FY End
2023-06-30
Total Expended
$1.30M
Findings
2
Programs
15
Organization: Oglesby Esd No. 125 (IL)
Year: 2023 Accepted: 2023-11-20
Auditor: Newkirk & Associates INC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
2133 2023-001 Material Weakness Yes P
578575 2023-001 Material Weakness Yes P

Programs

ALN Program Spent Major Findings
84.425 Elementary and Secondary School Emergency Relief Grant $729,608 Yes 1
10.555 National School Lunch Program $158,414 - 0
84.027 Special Education_grants to States $152,577 - 0
84.010 Title I Grants to Local Educational Agencies $112,827 - 0
10.553 School Breakfast Program $37,728 - 0
93.778 Medical Assistance Program $27,366 - 0
84.027 Arp Idea $26,852 - 0
84.367 Improving Teacher Quality State Grants $18,073 - 0
10.555 Commodities $16,689 - 0
10.555 Dept of Defense- Fresh Fruits and Veg $9,101 - 0
84.173 Special Education_preschool Grants $6,856 - 0
84.173 Arp Idea Preschool $2,983 - 0
10.556 Special Milk Program for Children $2,067 - 0
84.010 Title I - School Improvement $1,810 - 0
10.649 Pandemic Ebt Administrative Costs $628 - 0

Contacts

Name Title Type
XL68GNXS6LH8 Michael Pillion Auditee
8158839297 William Newkirk Auditor
No contacts on file

Notes to SEFA

Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Oglesby ESD 125 and is presented on the Regulatory Basis of Accounting as Prescribed by ISBE. The information in this schedule is presented in accordance with the requirements of the Office of Management and Budget Uniform Administrative Requirements, 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 elect to use the de minimis cost rate

Finding Details

Finding 2023-001
Criteria: The District must have functioning controls over financial reporting. Condition: The District does not have adequate internal controls and segregation of duties over financial reporting, and relies upon the auditor for this expertise. We also noted bank reconciliations were not properly prepared for most of the fiscal year. Context: It was determined that District personnel do not have the expertise necessary to prepare external financial reports without assistance from the auditor and there is a lack of segregation of duties over payroll and cash disbursement functions.
Finding 2023-001
Criteria: The District must have functioning controls over financial reporting. Condition: The District does not have adequate internal controls and segregation of duties over financial reporting, and relies upon the auditor for this expertise. We also noted bank reconciliations were not properly prepared for most of the fiscal year. Context: It was determined that District personnel do not have the expertise necessary to prepare external financial reports without assistance from the auditor and there is a lack of segregation of duties over payroll and cash disbursement functions.