FAC Explorer

Finding 480554 (2023-001)

Significant Deficiency Repeat Finding
Requirement
A
Questioned Costs
$1
Year
2023
Accepted
2024-08-06
Audit: 316764
Organization: Edison Board of Education (NJ)
Auditor: Holman Frenia Allison

AI Summary

  • Answer: The District's general ledger is incomplete and inaccurate.
  • Trend: This issue indicates a potential ongoing problem with financial record-keeping.
  • List: Immediate action is needed to ensure compliance with accounting principles.

Finding Text

During our audit we noted that the District is not maintaining a complete and accurate general ledger in accordance with accounting principles generally accepted in the United States of America.

Corrective Action Plan

Internal Controls Enhanced in SOP - General ledger reviewed and reconciled on a monthly basis

Categories

Questioned Costs

Other Findings in this Audit

  • 480555 2023-001
    Significant Deficiency Repeat
  • 480556 2023-001
    Significant Deficiency Repeat
  • 480557 2023-001
    Significant Deficiency Repeat
  • 480558 2023-001
    Significant Deficiency Repeat
  • 480559 2023-001
    Significant Deficiency Repeat
  • 480560 2023-001
    Significant Deficiency Repeat
  • 480561 2023-001
    Significant Deficiency Repeat
  • 480562 2023-001
    Significant Deficiency Repeat
  • 480563 2023-001
    Significant Deficiency Repeat
  • 480564 2023-001
    Significant Deficiency Repeat
  • 480565 2023-001
    Significant Deficiency Repeat
  • 480566 2023-001
    Significant Deficiency Repeat
  • 480567 2023-001
    Significant Deficiency Repeat
  • 480568 2023-001
    Significant Deficiency Repeat
  • 480569 2023-001
    Significant Deficiency Repeat
  • 480570 2023-001
    Significant Deficiency Repeat
  • 1056996 2023-001
    Significant Deficiency Repeat
  • 1056997 2023-001
    Significant Deficiency Repeat
  • 1056998 2023-001
    Significant Deficiency Repeat
  • 1056999 2023-001
    Significant Deficiency Repeat
  • 1057000 2023-001
    Significant Deficiency Repeat
  • 1057001 2023-001
    Significant Deficiency Repeat
  • 1057002 2023-001
    Significant Deficiency Repeat
  • 1057003 2023-001
    Significant Deficiency Repeat
  • 1057004 2023-001
    Significant Deficiency Repeat
  • 1057005 2023-001
    Significant Deficiency Repeat
  • 1057006 2023-001
    Significant Deficiency Repeat
  • 1057007 2023-001
    Significant Deficiency Repeat
  • 1057008 2023-001
    Significant Deficiency Repeat
  • 1057009 2023-001
    Significant Deficiency Repeat
  • 1057010 2023-001
    Significant Deficiency Repeat
  • 1057011 2023-001
    Significant Deficiency Repeat
  • 1057012 2023-001
    Significant Deficiency Repeat

Programs in Audit

ALN Program Name Expenditures
84.027 Special Education_grants to States $3.63M
10.553 School Breakfast Program $917,605
10.555 National School Lunch Program $728,918
93.778 Medical Assistance Program $377,745
84.367 Improving Teacher Quality State Grants $250,982
84.365 English Language Acquisition State Grants $117,634
84.173 Special Education_preschool Grants $114,748
84.424 Student Support and Academic Enrichment Program $53,649
84.425 Education Stabilization Fund $45,000
84.010 Title I Grants to Local Educational Agencies $18,805