Finding Text
Criteria or specific requirement (including statutory, regulatory, or other citation): The compliance requirements for "L.Reporting" requires that the District maintain accurate accounting records for grant expenditures. Condition: During compliance testing of the District's accounting records to the expenditure report and budget filed with the Illinois State Board of Education, we noted the District claimed $250 under the 1220-300 line but per the budget, it should have been claimed under 2130-300. Questioned Costs: $250. Context: The District claimed expenditures under the incorrect budget line. Effect: The District was not compliant with reporting requirements. The District reported $250 worth of expenditures under account 1220-300 but should have reported it under 2130-300. Cause: The District erroneously recorded the expenditure under account 1220-300. The budget submitted to ISBE approved the expense under 2130-300. The expenditure was approved within the entire budget and under object 300. The grant was closed, so no updates were submitted to ISBE. Recommendation: We recommend that management review its policies and procedures and implement changes to strengthen internal control over federal reporting. Management's response: The District inadvertently claimed the expenditure under the incorrect function in comparison to the detailed budget. The District will monitor subsequent reports more closely.