FAC Explorer

Finding 35249 (2022-004)

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Requirement
P
Questioned Costs
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Year
2022
Accepted
2023-04-05
Audit: 24136
Organization: Durand Community Unit School District No. 322 (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

The Business Director will maintain open lines of communication with the district auditors in order to keep current on new accounting pronouncements that affect the financial statements. See full Corrective Action Plan on 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 $235,894
84.425 Education Stabilization Fund Esser III $155,801
10.555 National School Lunch Program $154,611
84.027 Special Education_grants to States $99,552
84.010 Title I Grants to Local Educational Agencies $73,156
32.009 Emergency Connectivity Fund Program $59,725
84.358 Rural Education $38,285
93.778 Medical Assistance Program $24,333
10.559 Summer Food Service Program for Children $15,914
84.367 Improving Teacher Quality State Grants $15,840
10.555 Non-Cash Food Commodity $13,448
84.173 Special Education_preschool Grants $11,598
84.424 Student Support and Academic Enrichment Program $6,586
10.555 National School Lunch Program Crrsa Child Nutrition $1,284
84.173 Special Education_preschool Grants Arp Idea Pre-K $892
10.649 Pandemic Ebt Administrative Costs $614
84.048 Career and Technical Education -- Basic Grants to States $395