Issue: Surplus cash was not deposited into the Residual Receipts Account.
Trend: This could indicate a pattern of mismanagement or oversight in cash handling.
Follow-up: Review cash handling procedures and ensure compliance with deposit requirements.
Finding Text
SURPLUS CASH WAS NOT DEPOSITED INTO THE RESIDUAL RECEIPTS ACCOUNT
Corrective Action Plan
MANAGEMENT AGREES WITH THE FINDING. THE RESIDUAL RECEIPTS ACCOUNT DEFICIENCY WILL BE FUNDED IN THE AMOUNT OF $50,836. MANAGEMENT WILL ENSURE THAT THE RESIDUAL RECEIPTS ACCOUNTS IS PROPERTLY FUNDED IN THE FUTURE.