Answer: Surplus cash was not deposited as required.
Trend: This issue may indicate a pattern of non-compliance with cash handling procedures.
List: Follow up by reviewing cash management practices and ensuring proper deposits are made moving forward.
Finding Text
Surplus cash was not deposited into the Residual Receipts accounts.
Corrective Action Plan
Management agrees with the finding. The residual receipts account deficiency was funded on August 24, 2023 in the amount of $9,011. Management will ensure that the residual receipts account is property funded in the future.