FAC Explorer

Finding 1168859 (2025-002)

Material Weakness Repeat Finding
Requirement
ABEILN
Questioned Costs
-
Year
2025
Accepted
2026-01-13
Audit: 381210
Organization: Lake Geneva-Genoa City Union High School (WI)
Auditor: CHAMBERLAIN | OTTE CPAS LLP

AI Summary

  • Answer: The audit firm is responsible for preparing the District's financial statements.
  • Trend: This practice may indicate a reliance on external expertise for financial reporting.
  • List: Consider reviewing the firm's qualifications, ensuring compliance with standards, and evaluating the accuracy of the prepared statements.

Finding Text

The District has the audit firm prepare the financial statements.

Corrective Action Plan

Management Response - The District Superintendent and Business Manager review and approve the financial statements. Upon completion of the full audit, the school board reviews, comments on, and approves the audited financial statements.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 1168852 2025-001
    Material Weakness Repeat
  • 1168853 2025-002
    Material Weakness Repeat
  • 1168854 2025-001
    Material Weakness Repeat
  • 1168855 2025-002
    Material Weakness Repeat
  • 1168856 2025-001
    Material Weakness Repeat
  • 1168857 2025-002
    Material Weakness Repeat
  • 1168858 2025-001
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
10.555 NATIONAL SCHOOL LUNCH PROGRAM $267,164
84.010 TITLE I GRANTS TO LOCAL EDUCATIONAL AGENCIES $141,655
93.778 MEDICAL ASSISTANCE PROGRAM $80,540
84.048 CAREER AND TECHNICAL EDUCATION -- BASIC GRANTS TO STATES $37,796
84.425 EDUCATION STABILIZATION FUND $34,474
84.027 SPECIAL EDUCATION GRANTS TO STATES $28,259
84.367 SUPPORTING EFFECTIVE INSTRUCTION STATE GRANTS (FORMERLY IMPROVING TEACHER QUALITY STATE GRANTS) $26,896
84.365 ENGLISH LANGUAGE ACQUISITION STATE GRANTS $23,246
84.424 STUDENT SUPPORT AND ACADEMIC ENRICHMENT PROGRAM $11,934
10.553 SCHOOL BREAKFAST PROGRAM $8,000