FAC Explorer

Finding 384576 (2023-001)

- Repeat Finding
Requirement
P
Questioned Costs
-
Year
2023
Accepted
2024-03-26
Audit: 297653
Organization: Eastland C.u.s.d. #308 (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 worked with audit team to have a lease payment spreadsheet and verify bus entry for FY24. District also created a grant spreadsheet to use each quarter and ensure expenditures are coded correctly. See full Corrective Action Plan on district letterhead.

Categories

Special Tests & Provisions

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
10.555 National School Lunch Program $350,955
84.425 Education Stabilization Fund Esser III $289,931
84.027 Special Education_grants to States $201,870
84.010 Title I Grants to Local Educational Agencies $102,988
10.555 School Breakfast Program $41,208
10.555 Non Cash Food Commodity Program $41,070
84.027 Special Education_grants to States Arp Idea Ft $33,620
10.555 Fresh Fruits and Vegetables Program $30,191
10.555 Arp Child Nutrition Supply Chain Assistance $25,136
10.553 School Breakfast Program $18,459
93.778 Medical Assistance Program $17,949
84.367 Improving Teacher Quality State Grants $16,750
84.424 Student Support and Academic Enrichment Program $10,000
84.425 Education Stabilization Fund Arp McKinney - Vento Homeless $5,661
84.173 Special Education_preschool Grants $5,435
10.555 Child and Adult Care Food Program $4,073
84.173 Special Education_preschool Grants Arp Idea Ps $3,324
10.558 Child and Adult Care Food Program $1,285
10.649 Pandemic Ebt Administrative Costs $628