Issue: Surplus cash was not deposited into the Residual Receipts account.
Trend: This could indicate a pattern of mismanagement or oversight in cash handling procedures.
Follow-up: Review cash handling processes and ensure timely deposits to prevent future discrepancies.
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 WAS FUNDED ON AUGUST 13, 2025 IN THE AMOUNT OF $3,216. MANAGEMENT WILL ENSURE THAT THE RESIDUAL RECEIPTS ACCOUNT IS PROPERLY FUNDED IN THE FUTURE.