FAC Explorer

Finding 15912 (2022-001)

- Repeat Finding
Requirement
P
Questioned Costs
-
Year
2022
Accepted
2023-04-04
Audit: 19552
Organization: West Carroll Community School District No 314 (IL)
Auditor: Benning Group LLC

AI Summary

  • Answer: The District must ensure accurate financial statements, as significant adjustments were found during the 2022 audit.
  • Trend: Ongoing issues with reporting revenue and expenses highlight a need for improved compliance with the Illinois School Code and IPAM.
  • List: Follow up by reviewing financial reporting processes and providing training on compliance requirements.

Finding Text

The District is responsible for the preparation of accurate financial statements. Material audit adjustments were identified during the fiscal year 2022 financial audit. Adjustments were needed to properly report certain items of revenue and expense in accordance with provisions of the Illinois School Code and the Illinois Program Accounting Manual (IPAM).

Corrective Action Plan

Journal entries to reclassify expense items will be completed. Bookkeeper has also been given information regarding changes to how lease agreements and payments of interest are to be coded in order that future budgets can be set up accordingly. See full Corrective Action Plan on the District letterhead.

Categories

Special Tests & Provisions

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
84.425 Education Stabilization Fund Esser II $922,314
84.425 Education Stabilization Fund Esser III $432,151
84.010 Title I Grants to Local Educational Agencies 22 $311,980
10.555 National School Lunch Program 22 $287,674
84.027 Special Education_grants to States 22 $249,744
10.553 School Breakfast Program 22 $153,279
10.555 National School Lunch Program 21 $68,717
10.555 Crrsa Child Nutrition - Child Nutrition Emergency $54,957
84.367 Improving Teacher Quality State Grants 22 $43,049
84.010 Title I Grants to Local Educational Agencies 21 $36,627
84.027 Special Education_grants to States Early Int $35,940
10.555 Fresh Fruits & Vegetables $33,922
93.778 Medical Assistance Program $31,418
10.553 School Breakfast Program 21 $29,318
10.555 Non-Cash Food Commodity $27,449
84.424 Student Support and Academic Enrichment Program 22 $23,921
10.560 State Administrative Expenses for Child Nutrition $20,874
84.173 Special Education_preschool Grants $14,558
84.027 Special Education_grants to States $8,857
84.367 Improving Teacher Quality State Grants 21 $6,256
84.027 Special Education_grants to States 21 $5,050
84.173 Arp Idea Ps $4,628
10.558 Child and Adult Care Food Program 22 $4,032
84.425 Education Stabilization Fund Hl $3,636
84.424 Student Support and Academic Enrichment Program 21 $2,272
10.579 Nslp Equipment Assistance Grant $1,840
10.558 Child and Adult Care Food Program 21 $801
10.558 Child and Adult Care Food Program $772
10.649 Pandemic Ebt Administrative Costs $614