FAC Explorer

Finding 1167798 (2025-001)

Material Weakness Repeat Finding
Requirement
P
Questioned Costs
-
Year
2025
Accepted
2026-01-05
Audit: 379109
Organization: River Ridge C.u.s.d. #210 (IL)
Auditor: BENNING GROUP LLC

AI Summary

  • Answer: The District must ensure accurate financial statements, as significant audit adjustments were found.
  • Trend: Ongoing issues with financial reporting compliance under the Illinois School Code and IPAM.
  • List: Follow up on training for staff on financial reporting standards and review processes to prevent future discrepancies.

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

The district bookkeeper will periodically review financial statements to identify and make any needed adjustments when found.

Categories

Special Tests & Provisions

Other Findings in this Audit

  • 1167799 2025-002
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
84.027 SPECIAL EDUCATION GRANTS TO STATES ROOM AND BOARD $296,286
84.010 TITLE I GRANTS TO LOCAL EDUCATIONAL AGENCIES $149,527
84.027 SPECIAL EDUCATION GRANTS TO STATES $147,674
10.555 NATIONAL SCHOOL LUNCH PROGRAM $128,748
84.358 RURAL EDUCATION $59,030
10.553 SCHOOL BREAKFAST PROGRAM $36,897
93.778 MEDICAL ASSISTANCE PROGRAM $32,524
10.555 NON-CASH FOOD COMMODITIES $19,204
84.367 SUPPORTING EFFECTIVE INSTRUCTION STATE GRANTS (FORMERLY IMPROVING TEACHER QUALITY STATE GRANTS) $17,824
84.048 CAREER AND TECHNICAL EDUCATION -- BASIC GRANTS TO STATES $6,534
84.173 SPECIAL EDUCATION PRESCHOOL GRANTS $5,804
10.555 FRESH FRUITS & VEGETABLES $1,797
15.634 STATE WILDLIFE GRANTS $1,227
10.555 CHILD NUTRITION SUPPLY CHAIN $717