FAC Explorer

Finding 1089431 (2024-001)

- Repeat Finding
Requirement
P
Questioned Costs
-
Year
2024
Accepted
2024-12-04
Audit: 330837
Organization: West Carroll Community School District No 314 (IL)
Auditor: Benning Group LLC

AI Summary

  • Answer: The District needs to improve the accuracy of its financial statements due to material audit adjustments found during the 2024 audit.
  • Trend: Ongoing issues with financial reporting compliance under the Illinois School Code and IPAM have been identified.
  • List: Follow up by reviewing financial reporting processes and ensuring all revenue and expense items are accurately reported in future statements.

Finding Text

The District is responsible for preparation of accurate financial statements. Material audit adjustments were identified during the fiscal year 2024 financial audit. Several 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 Esser III $751,439
84.027 Special Education Grants to States $434,829
84.010 Title I Grants to Local Educational Agencies $433,536
10.555 National School Lunch Program $296,078
10.553 School Breakfast Program $153,195
84.010 Title I Grants to Local Educational Agencies School Improvement & Accountability $127,697
84.367 Supporting Effective Instruction State Grants (formerly Improving Teacher Quality State Grants) $79,606
93.778 Medical Assistance Program $47,216
84.425 Education Stabilization Fund D3 $43,200
84.424 Student Support and Academic Enrichment Program $31,306
10.555 Fresh Fruits and Vegetables $26,080
84.358 Rural Education $25,640
10.555 Arp Nutrition Child Nutrition Supply Chain Assisstance $24,546
10.555 Non Cash Food Commodity Program $18,696
84.173 Special Education Preschool Grants $18,675
84.425 Education Stabilization Fund Esser II $12,797
10.558 Child and Adult Care Food Program $5,224
84.425 Education Stabilization Fund McKinney-Vento Homeless $3,365
84.425 Education Stabilization Fund Bilingual Educator $3,285
10.649 Pandemic Ebt Administrative Costs $653
84.010 Title I Grants to Local Educational Agencies School Improvement & Accountability Pl $224