FAC Explorer

Finding 1084606 (2024-001)

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Requirement
P
Questioned Costs
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Year
2024
Accepted
2024-11-15
Audit: 328606
Organization: River Ridge C.u.s.d. #210 (IL)
Auditor: Benning Group LLC

AI Summary

  • Answer: The district needs to improve its financial statement preparation to avoid material audit adjustments.
  • Trend: Ongoing issues with revenue and expense reporting indicate a pattern of inaccuracies.
  • List: Ensure compliance with the Illinois School Code and IPAM in future financial reporting.

Finding Text

The district is responsible for preparation of accurate financial statements. Material audit adjustments were identified during 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 Illlinois 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 Room and Board $350,207
84.010 Title I Grants to Local Educational Agencies $161,614
84.027 Special Education Grants to States $143,154
84.425 Education Stabilization Fund E3 $127,806
10.555 National School Lunch Program $123,489
10.553 School Breakfast Program $31,124
93.778 Medical Assistance Program $26,800
84.358 Rural Education $21,333
84.367 Supporting Effective Instruction State Grants (formerly Improving Teacher Quality State Grants) $19,688
10.555 Non-Cash Food Commodity Program $18,234
10.555 Arp Child Nutrition Supply Chain $16,148
84.173 Special Education Preschool Grants $5,808
84.010 Title I Grants to Local Educational Agencies School Improvement & Accountability $4,406
10.555 Fresh Fruits and Vegetables Program $2,097
15.634 State Wildlife Grants $1,315
84.424 Student Support and Academic Enrichment Program $993
10.649 Pandemic Ebt Administrative Costs $653