Trend: This could indicate a pattern of delayed deposits.
List: Ensure future deposits are made within 90 days and review current processes for compliance.
Finding Text
Surplus cash was not deposited into the Residual Receipts account within 90 days.
Corrective Action Plan
Management agrees with the finding. The residual receipts account deficiency was funded on Decmeber 20, 2024 in the amount of $129,509. Management will ensure that the residual receipts account is properly funded in the future.