FAC Explorer

Finding 45540 (2022-001)

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Requirement
P
Questioned Costs
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Year
2022
Accepted
2023-04-12
Audit: 44156
Organization: Chadwick-Milledgeville C.u.s.d. #399 (IL)
Auditor: Benning Group LLC

AI Summary

  • Core Issue: The District failed to 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: Implement a review process to ensure financial statements align with legal requirements before submission.

Finding Text

The District is responsible for preparation of accurate financial statements. Material audit adjustments were identified during the fiscal year 2022 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

Meet with the auditors to make sure grants and other expenditures are classed to appropriate line items. See full Corrective Action Plan on the 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 $453,988
84.027 Special Education_grants to States $123,299
10.555 National School Lunch Program 22 $109,933
84.425 Education Stabilization Fund Esser II $92,819
84.010 Title I Grants to Local Educational Agencies $76,717
84.358 Rural Education $35,691
10.553 School Breakfast Program 22 $34,218
10.555 National School Lunch Program 21 $30,732
84.027 Arp Idea Id $19,996
84.424 Student Support and Academic Enrichment Program $15,585
84.367 Improving Teacher Quality State Grants $13,231
10.560 State Administrative Expenses for Child Nutrition $11,628
10.555 Non Cash Food Commodity $11,208
10.555 Crrsa Child Nutrition Emergency Funding $9,094
10.555 Fresh Fruits & Vegetables $8,006
93.778 Medical Assistance Program $7,545
10.553 School Breakfast Program 21 $6,050
84.173 Special Education_preschool Grants $4,542
10.558 Child and Adult Care Food Program 22 $2,750
84.173 Arp Idea Ps $1,976
10.649 Pandemic Ebt Administrative Costs $614
10.558 Child and Adult Care Food Program 21 $578
10.558 Emergency Cost Funding for Cacfp Centers & Homes $369