FAC Explorer

Finding 1080472 (2024-001)

- Repeat Finding
Requirement
L
Questioned Costs
-
Year
2024
Accepted
2024-10-29
Audit: 326413
Organization: Lena - Winslow C.u.s.d. #202 (IL)
Auditor: Benning Group LLC

AI Summary

  • Answer: The District must ensure accurate financial statements, as significant audit adjustments were found.
  • Trend: This issue highlights ongoing challenges in financial reporting compliance with state regulations.
  • List: Follow up by reviewing financial reporting processes and training staff on the Illinois School Code and IPAM requirements.

Finding Text

The District is responsible for 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 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
84.027 Special Education Grants to States $201,408
84.425 Education Stabilization Fund E3 $196,193
10.555 National School Lunch Program $178,525
84.010 Title I Grants to Local Educational Agencies $104,588
10.555 Arp Child Nutrition Supply Chain $41,052
84.425 Education Stabilization Fund D4 $39,117
10.553 School Breakfast Program $26,270
10.555 Non-Cash Food Commodity Program $24,836
84.367 Supporting Effective Instruction State Grants (formerly Improving Teacher Quality State Grants) $20,462
84.424 Student Support and Academic Enrichment Program $14,165
93.778 Medical Assistance Program $13,366
84.173 Special Education Preschool Grants $7,119
10.555 Fresh Fruits and Vegetables $4,823
84.048 Career and Technical Education -- Basic Grants to States $2,340
10.649 Pandemic Ebt Administrative Costs $653