Answer: Surplus cash was not deposited as required.
Trend: This issue may indicate a pattern of non-compliance with cash handling procedures.
List: Review cash handling practices, ensure proper training for staff, and implement regular audits to prevent recurrence.
Finding Text
SURPLUS CASH WAS NOT DEPOSITED INTO THE RESIDUAL RECEIPTS ACCOUNT
Corrective Action Plan
MANAGEMENT AGREEWS WITH THE FINDING. THE RESIDUAL RECEIPTS ACCOUNT DEFICIENCY WILL BE FUNDED IN THE AMOUNT OF $39,000. MANAGEMENT WILL ENSURE THAT THE RESIDUAL RECEIPTS ACCOUNT IS PROPERLY FUNDED IN THE FUTURE.