FAC Explorer

Finding 28739 (2022-001)

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Requirement
P
Questioned Costs
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Year
2022
Accepted
2023-03-05
Audit: 30230
Organization: Stockton C.u.s.d. #206 (IL)
Auditor: Benning Group LLC

AI Summary

  • Core Issue: The District failed to prepare accurate financial statements, leading to material audit adjustments.
  • Impacted Requirements: Compliance with the Illinois School Code and the Illinois Program Accounting Manual (IPAM) was not met.
  • Recommended Follow-Up: Implement a review process to ensure financial statements align with legal requirements before submission.

Finding Text

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

Corrective Action Plan

Steps have been taken to avoid filing of late expenditure reports with ISBE. 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
32.009 Emergency Connectivity Fund Program $226,666
84.027 Special Education_grants to States 22 $161,107
10.555 National School Lunch Program 22 $117,269
84.010 Title I Grants to Local Educational Agencies $101,887
10.555 National School Lunch Program 21 $55,372
10.553 School Breakfast Program 22 $52,974
84.358 Rural Education $36,016
10.555 Non Cash Food $28,407
84.367 Improving Teacher Quality State Grants $19,372
84.027 Special Education_grants to States 21 $14,673
84.173 Special Education_preschool Grants $13,315
10.553 School Breakfast Program 21 $7,538
84.425 Education Stabilization Fund Esser I 20 $6,854
84.425 Education Stabilization Fund Esser I 22 $6,461
93.778 Medical Assistance Program $3,365
10.555 Fresh Fruits & Vegetables $756
10.649 Pandemic Ebt Administrative Costs $614
10.555 Crrsa Child Nutrition Emergency Funding $364