Trend: This could lead to issues with cash management and compliance.
List: Ensure timely deposits, review procedures, and monitor compliance regularly.
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 January 22, 2025 in the amount of $9,588. Management will ensure that the residual receitps account is properly funded in the future.