Answer: Surplus cash was not deposited as required.
Trend: This issue may indicate a pattern of non-compliance with cash handling procedures.
List: Follow up by reviewing cash management practices and ensuring deposits are made regularly.
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 $2,239. MANAGEMENT WILL ENSURE THAT THE RESIDUAL RECEIPTS ACCOUNT IS PROPERLY FUNDED IN THE FUTURE.