Finding Text
Criteria or specific requirement: Reporting. Condition: The expenditure reports filed with the Illinois State Board of Education do not match the general ledger detail. Questioned Costs: None.. Context: The District reported $56,619 in total expenditures on its June 30, 2024 expenditure report, however the total expenditures in the general ledger as of June 30, 2024 was $55,674. Effect: The general ledger does not match the expenditure repo filed with the Illinois State Board of Education. Cause: The general ledger expenditure report used to prepare the June 30, 2024 quarterly expenditure report filing was ran through July 15, 2024. The general ledger report included $945 in expenditures that occurred in July 2024 and should not have been requested for reimbursement on the June 30, 2024 report filing. Since the expenditure was within the grant period (September 1, 2023 through August 31, 2024) just not within the District's fiscal year it will be considered an error in reporting but not a questioned cost. Recommendation: Project expenditure reports should be reviewed before being used to prepare quarterly expenditure report submissions for reimbursement. Management's response: The District will work to properly report transactions in the future.