Answer: Surplus cash deposits were delayed beyond the 90-day requirement.
Trend: This issue may indicate a pattern of non-compliance with cash management policies.
List: Follow up by reviewing deposit procedures and implementing timely deposit reminders.
Finding Text
Surplus cash was not deposited into the Residual Receipts account within 90 days.
Corrective Action Plan
Management Agrees with the findings. The residual receipts account deficiency was funded on August 20, 2025 in the amount of $26,532. Management will ensure that the residual receipts account is properly funded in the future.