Finding 1167766 (2025-001)

Material Weakness Repeat Finding

Requirement

Questioned Costs

Year

2025

Accepted

2026-01-05

Audit: 379054

Organization: Eastland C.u.s.d. #308 (IL)

Auditor: BENNING GROUP LLC

AI Summary

Answer: The District needs to improve its financial statement preparation due to significant audit adjustments.
Trend: This issue indicates ongoing challenges in accurately reporting revenue and expenses as required by state regulations.
List: Follow up by reviewing financial reporting processes and ensuring compliance with the Illinois School Code and IPAM.

Finding Text

The District is responsible for preparation of accurate financial statements. Material audit adjustments were identified during the fiscal year 2025 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).

Corrective Action Plan

District worked with the audit team to make changes to code things properly.

Other Findings in this Audit

1167767 2025-002

Material Weakness Repeat
1167768 2025-003

Material Weakness Repeat

Programs in Audit

ALN	Program Name	Expenditures
10.555	NATIONAL SCHOOL LUNCH PROGRAM	$202,561
84.010	TITLE I GRANTS TO LOCAL EDUCATIONAL AGENCIES	$196,226
84.027	SPECIAL EDUCATION GRANTS TO STATES	$179,818
10.553	SCHOOL BREAKFAST PROGRAM	$49,006
10.555	NON CASH COMMODITIES	$31,366
10.555	FRESH FRUITS & VEGETABLES	$28,474
84.367	SUPPORTING EFFECTIVE INSTRUCTION STATE GRANTS (FORMERLY IMPROVING TEACHER QUALITY STATE GRANTS)	$27,221
84.425	EDUCATION STABILIZATION FUND	$21,800
93.778	MEDICAL ASSISTANCE PROGRAM	$17,812
84.424	STUDENT SUPPORT AND ACADEMIC ENRICHMENT PROGRAM	$14,851
10.558	CHILD AND ADULT CARE FOOD PROGRAM	$5,656
84.173	SPECIAL EDUCATION PRESCHOOL GRANTS	$5,097
10.185	LOCAL FOOD FOR SCHOOLS COOPERATIVE AGREEMENT PROGRAM	$2,225
10.555	CHILD NUTRITION SUPPLY CHAIN ASSISTANCE	$1,099