Finding Text
Equipment/Real Property Management. The District's capital outlay log for the ESSER 3 grant did not reconcile back to the capital outlay 500 objects noted in the general ledger. No questioned costs. The District failed to include in its capital outlay log for ESSER 3 an item expensed in a 500 object that was over its capitalization threshhold of $5,000. Further, the dollar amount for another capital outlay expense included in the log did not match what was in the general ledger and reported to the Illinois State Board of Education. The capital outlay log for ESSER 3 was not completed correctly. The District inadvertently did not have its capital outlay log for ESSER 3 reconciled back to the general ledger. The District should follow its capitalization policy and further reconcile the capital outlay log for the ESSER 3 grant back to supporting documentation in the capital outlay 500 objects in the general ledger. The District finance department will work with grant coordinators through training and reconciling of capital outlay objects to ensure all items over the District threshold are logged and reported accurately.