Finding 1176882 (2025-001)

Material Weakness Repeat Finding
Requirement
P
Questioned Costs
-
Year
2025
Accepted
2026-03-08

AI Summary

  • Answer: The District is not completing bank reconciliations accurately or on time.
  • Trend: There are insufficient procedures in place for reconciling the general ledger with cash reports.
  • List: Implement better reconciliation procedures to ensure accuracy and timeliness.

Finding Text

The District is required to complete accurate and timely bank reconciliations. The District lacks adequate procedures for monthly bank reconciliations within their general ledger system and between the bookkeeper's cash reports and the treasurer's reports.

Corrective Action Plan

District Bookkeeper will review the funds that general ledger accounts are incorrect, then create a case with E Finance (Michelle Huss) to work on a solution to eliminate outstanding entries once that AJE for FY25 are complete, without it affecting our retained earnings or current year's figures.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 1176883 2025-002
    Material Weakness Repeat
  • 1176884 2025-003
    Material Weakness Repeat
  • 1176885 2025-004
    Material Weakness Repeat
  • 1176886 2025-005
    Material Weakness Repeat
  • 1176887 2025-006
    Material Weakness Repeat
  • 1176888 2025-007
    Material Weakness Repeat
  • 1176889 2025-008
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
10.553 SCHOOL BREAKFAST PROGRAM $136,027
84.027 SPECIAL EDUCATION GRANTS TO STATES $103,805
84.010 TITLE I GRANTS TO LOCAL EDUCATIONAL AGENCIES $102,349
10.555 NATIONAL SCHOOL LUNCH PROGRAM $80,778
93.778 MEDICAL ASSISTANCE PROGRAM $78,512
84.425 EDUCATION STABILIZATION FUND $73,977
84.424 STUDENT SUPPORT AND ACADEMIC ENRICHMENT PROGRAM $40,976
84.367 SUPPORTING EFFECTIVE INSTRUCTION STATE GRANTS (FORMERLY IMPROVING TEACHER QUALITY STATE GRANTS) $35,272
10.582 FRESH FRUIT AND VEGETABLE PROGRAM $29,945
10.555 NON-CASH COMMODITIES $10,358
10.555 FRESH FRUITS & VEGETABLES FAVORS $7,392
84.173 SPECIAL EDUCATION PRESCHOOL GRANTS $5,396
10.555 ARP CHILD NUTRITION EMERGENCY FUNDING $662