Finding 388588 (2023-002)

Significant Deficiency
Requirement
ABFGLMN
Questioned Costs
-
Year
2023
Accepted
2024-03-29

AI Summary

  • Core Issue: The general fund checking account was not reconciled to the balance sheet monthly.
  • Impacted Requirements: Internal controls must ensure monthly reconciliations are conducted.
  • Recommended Follow-Up: Implement procedures for monthly reconciliations; the District agrees and has started corrective actions.

Finding Text

Condition: During our testing of the general ledger, we noted the general fund checking account was not reconciled to the balance sheet on a monthly basis. Criteria: Internal controls should be in place that provide reasonable assurance general fund checking account is reconciled to the balance sheet on a monthly basis. Cause: The District does not agree the cash reconciliation with the balance sheet. Effect: District financial statements could be misstated according to accounting principles generally accepted in the United States of America. Recommendation: Procedures should be implemented requiring monthly reconciliations of general fund cash reconciliation to the balance sheet. Views of Responsible Officials and Planned Corrective Actions: School District Borough of Brentwood agrees with the finding and the recommended procedures have been implemented

Corrective Action Plan

School District Borough of Brentwood agrees with the finding and the recommended procedures have been implemented

Categories

Internal Control / Segregation of Duties

Other Findings in this Audit

  • 388589 2023-002
    Significant Deficiency
  • 388590 2023-002
    Significant Deficiency
  • 388591 2023-002
    Significant Deficiency
  • 388592 2023-002
    Significant Deficiency
  • 388593 2023-002
    Significant Deficiency
  • 388594 2023-001
    Significant Deficiency
  • 388595 2023-001
    Significant Deficiency
  • 388596 2023-001
    Significant Deficiency
  • 388597 2023-001
    Significant Deficiency
  • 388598 2023-001
    Significant Deficiency
  • 388599 2023-001
    Significant Deficiency
  • 965030 2023-002
    Significant Deficiency
  • 965031 2023-002
    Significant Deficiency
  • 965032 2023-002
    Significant Deficiency
  • 965033 2023-002
    Significant Deficiency
  • 965034 2023-002
    Significant Deficiency
  • 965035 2023-002
    Significant Deficiency
  • 965036 2023-001
    Significant Deficiency
  • 965037 2023-001
    Significant Deficiency
  • 965038 2023-001
    Significant Deficiency
  • 965039 2023-001
    Significant Deficiency
  • 965040 2023-001
    Significant Deficiency
  • 965041 2023-001
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
84.027 Special Education_grants to States $220,395
84.010 Title I Grants to Local Educational Agencies $219,883
10.553 School Breakfast Program $89,200
93.778 Medical Assistance Program $84,695
10.555 National School Lunch Program $48,131
84.367 Improving Teacher Quality State Grants $35,993
84.424 Student Support and Academic Enrichment Program $13,703
84.031 Higher Education_institutional Aid $4,318
84.425 Education Stabilization Fund $1,821
10.649 Pandemic Ebt Administrative Costs $628
10.559 Summer Food Service Program for Children $0