FAC Explorer

Finding 384536 (2023-001)

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Requirement
P
Questioned Costs
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Year
2023
Accepted
2024-03-26
Audit: 297644
Organization: Warren C.u.s.d. #205 (IL)
Auditor: Benning Group LLC

AI Summary

  • Answer: The District must ensure accurate financial statements, as material audit adjustments were found during the 2023 audit.
  • Trend: Ongoing issues with reporting revenue and expenses correctly indicate a need for improved financial practices.
  • List: Follow up by reviewing financial reporting processes and training staff on compliance with the Illinois School Code and IPAM.

Finding Text

The District is responsible for the preparation of accurate financial statements. Material audit adjustments were identified during the fiscal year 2023 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

Bookkeeper and superintendent will review revenue/expenditures to ensure proper coding. 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 III $545,183
84.027 Special Education_grants to States $117,725
10.555 National School Lunch Program $94,683
84.425 Education Stabilization Fund Esser II $89,293
84.010 Title I Grants to Local Educational Agencies $54,255
84.358 Rural Education $31,184
10.555 Arp Child Nutrition - Nutrition Supply Chain Assistance $29,064
84.367 Improving Teacher Quality State Grants $18,331
93.778 Medical Assistance Program $15,668
10.555 School Breakfast Program $12,178
10.555 Non Cash Food Commodity Program $12,043
84.173 Special Education_preschool Grants $10,738
84.425 Education Stabilization Fund Esser I $6,886
10.553 School Breakfast Program $4,360
84.425 Education Stabilization Fund Geer II $3,427
10.555 Fresh Fruits and Vegetables Program $2,058
10.649 Pandemic Ebt Administrative Costs $628