Finding Text
FINDING 2022-002. This finding is recurring. CRITERA: Per Illinois Compiled Statutes, the fund expenditures may not legally exceed the district's budgeted amounts. CONDITION: For the year ending 2022, actual expenditures for the Educational , Transportation, Tort, and Fire Prevention & Safety funds exceeded the budget. CONTEXT: The approved budget established the authorized expenditures limitation in each fund. EFFECT: Actual expenditures exceeded the budget in the above named funds. CAUSE: Actual expenditures exceeded the budgeted amounts for the year. RECOMMENDATION; A closer review of expenditures needs to be maintained and reflected in the amended budget. MANAGEMENT's RESPONSE: The District will implement a better monitoring system between the budget and the actual expenditures to ensure more oversight and amend the budget as needed.