Issue: The necessary deposit for the residual receipts account was not completed by the deadline of September 30, 2025.
Trend: This oversight could indicate a pattern of missed financial obligations, potentially affecting future funding and compliance.
Follow-up: Review the deposit process and implement checks to ensure timely contributions to the residual receipts account moving forward.
Finding Text
The required deposit for the year ended September 30, 2025 was not made to the residual receipts account.
Corrective Action Plan
The required residual receipts deposit will be deposited to the residual receipts account. New management has taken over and will ensure any required deposits are made on time.