Answer: Surplus cash deposits were delayed beyond the required 90 days.
Trend: This issue may indicate a pattern of late deposits affecting cash management.
List: Ensure timely deposits moving forward and review procedures to prevent future delays.
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 August 8, 2025 in the amount of $6,188. Management will ensure that the residual receipts account is properly funded in the future.