FAC Explorer

Finding 1079734 (2024-001)

Significant Deficiency Repeat Finding
Requirement
P
Questioned Costs
-
Year
2024
Accepted
2024-10-22
Audit: 325446
Organization: Meridian Community Unit School District #223 (IL)
Auditor: Benning Group LLC

AI Summary

  • Core Issue: The District needs to ensure accurate financial statements, as significant audit adjustments were found.
  • Impacted Requirements: Compliance with the Illinois School Code and the Illinois Program Accounting Manual (IPAM) is essential for proper reporting.
  • Recommended Follow-Up: Review financial reporting processes to prevent future discrepancies and ensure adherence to required standards.

Finding Text

The District is responsible for the preparation of accurate financial statements. Material audit adjustments were identified during the fiscal year 2024 financial audit. 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 the Illinois Program Accounting Manual (IPAM).

Categories

Special Tests & Provisions

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
84.425 Education Stabilization Fund D4 $417,805
84.027 Speical Education_grants to States $331,266
10.555 National School Lunch Progam $234,497
84.010 Title I Grants to Local Educational Agencies $174,432
84.425 Education Stabilization Fund D3 $171,689
10.555 National School Lunch Arp Child Nutrition Supply Chain $66,539
84.367 Improving Teacher Quality State Grants $58,415
10.553 School Breakfast Program $54,297
10.555 Non-Cash Commodity $48,810
10.555 Fresh Fruits and Vegetables $17,303
93.778 Medical Assistance Program $16,010
84.424 Student Support and Academic Enrichment Program $15,992
84.173 Special Education _preschool $9,227
84.425 Education Stabilization Fund Fg $4,860
10.649 Pandemic Ebt Administrative Costs $3,256
84.027 Speical Education_grants to States Arp Idea Ft $2,100
84.048 Cte - Perkins Secondary- Innovation Grant $1,902
84.173 Special Education _preschool Grants Arp Idea Ps $353