Answer: Surplus cash was not deposited as required.
Trend: This issue may indicate a pattern of non-compliance with cash handling procedures.
List: Ensure all surplus cash is deposited promptly; review cash handling policies; conduct training for staff on compliance.
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 will be funded in the amount of $7,949. Management will ensure that the residual receipts account is properly funded in the future.