Finding Text
Finding 2023-001
Information on the State Program:
Coronavirus State and Local Fiscal Recovery Funds
Criteria or Specific Requirement:
In accordance with maintaining an internal control environment that is effective in prevention and/or
identification of potential financial statement misstatement and/or misclassification, the Township should
maintain a complete and accurate general ledger system.
Condition:
The general ledger was not timely maintained in the Townships financial reporting system.
Questioned Costs:
None Noted.
Context:
During our testing we noted several material journal entries were required to bring the accounts into
compliance with the regulatory basis of accounting.
Effect:
The Township did not have timely support for general ledger balances and transactions.
Cause:
The Township did not timely maintain accurate subsidiary records.
Recommendation:
That internal control policies and procedures should be developed to properly maintain a timely and
accurate general ledger system.
View of Responsible Officials and Planned Corrective Action:
The responsible officials will address the matter as part of their corrective action plan.