FAC Explorer

Finding 384549 (2023-001)

- Repeat Finding
Requirement
P
Questioned Costs
-
Year
2023
Accepted
2024-03-26
Audit: 297650
Organization: West Carroll Community School District No 314 (IL)
Auditor: Benning Group LLC

AI Summary

  • Core Issue: The District did not 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: Review and improve financial reporting processes to ensure accuracy and compliance in future audits.

Finding Text

The District is responsible for 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

District will perform audit adjustments/journal entries as directed and record/update daily procedures to avoid need for adjustments for future audits. 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 $789,116
10.555 National School Lunch Program $396,011
84.027 Special Education_grants to States $268,538
84.010 Title I Grants to Local Educational Agencies $247,047
84.425 Education Stabilization Fund Esser II $124,080
10.555 School Breakfast Program $117,022
32.009 Emergency Connectivity Fund Program $76,333
93.778 Medical Assistance Program $57,206
10.553 School Breakfast Program $51,121
84.027 Special Education_grants to States Arp Idea Ft $38,026
10.555 Fresh Fruits and Vegetables Program $35,005
10.555 Non Cash Food Commodity Program $34,574
10.579 Child Nutrition Discretionary Grants Limited Availability $29,917
10.555 Arp Nutrition Child Nutrition Supply Chain Assistance $24,360
84.424 Student Support and Academic Enrichment Program $21,885
84.367 Improving Teacher Quality State Grants $21,634
84.173 Special Education_preschool Grants $10,734
10.555 Child and Adult Care Food Program $6,274
10.558 Child and Adult Care Food Program $1,722
10.649 Pandemic Ebt Administrative Costs $628
84.425 Education Stabilization Fund Arp McKinney - Vento Homeless $550
84.010 Title I Grants to Local Educational Agencies School Improvement & Accountability $494