FAC Explorer

Finding 377 (2023-001)

Material Weakness Repeat Finding
Requirement
L
Questioned Costs
-
Year
2023
Accepted
2023-10-18
Audit: 801
Organization: Marseilles Elementary School District No. 150 (IL)
Auditor: Newkirk & Associates INC

AI Summary

  • Answer: The District lacks adequate controls for financial reporting.
  • Trend: There is a reliance on auditors due to insufficient internal expertise.
  • List: Recommend training for District staff and developing internal controls.

Finding Text

Criteria or specific requirement: The District must have functioning controls over financial reporting. Condition: The District does not have all of the controls described above, and relies upon the auditor for this expertise. Context: It was determined that District personnel do not have the expertise necessary to prepare external financial reports without assistance from the auditor.

Corrective Action Plan

Familiarize staff with finncial reporting requirements to the extent possible.

Categories

Reporting

Other Findings in this Audit

  • 576819 2023-001
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
84.425 Elementary and Secondary School Emergency Relief Grant $688,520
10.555 National School Lunch Program $251,169
84.010 Title I- Low Income $217,499
84.027 Fed. Sp. Ed.- Idea- Through $155,170
10.553 School Breakfast Program $70,160
93.778 Medical Assistance Program $47,027
84.367 Improving Teacher Quality State Grants $23,104
84.010 Title I- School Improvement $20,000
84.424 Student Support and Academic Enrichment Program $17,550
10.555 Commodities $13,538
84.173 Fed. Sp. Ed.- Preschool Flow-Through $13,422
84.358 Rural Education $13,357
10.555 Dept. of Defense- Fresh Fruits and Vegetables $9,081
10.649 National School Lunch Program $14