Finding 1167736 (2025-001)

Title 1 - 2025 Finding; Criteria: The accounts used to record expenditures on the quarterly expenditure reports should match the general ledger accounts where the expenditures are recorded. Condition: It was noted that there was an inconsistency when comparing the general ledger to what was reported on the expenditure reports. Questioned costs: None; Context: The accounts used to record expenditures on the quarterly expenditure reports should match the general ledger accounts where the expenditures are recorded. An item budgeted and reported under 3000-400 was recorded in a 1250-400 account in the general ledger and another item budgeted and reported under 3000-400 was recorded in a 2900-400 account in the general ledger. Effect: The expenditures were not recorded/reported consistently between the financial records and the ISBE expenditure reports. Cause: A coding error was made when entering the expenditures into the general ledger. Recommendation: We recommend reviewing the general ledger to the expenditure reports before submitting for more accurate reporting. Management response: The District will review the general ledger to the expenditure reports before submitting.