Finding 524079 (2023-006)

Material Weakness
Requirement
ABFL
Questioned Costs
-
Year
2023
Accepted
2025-02-20

AI Summary

  • Answer: Bank reconciliations show outdated items and delays in recording, suggesting they may not be done monthly.
  • Trend: This issue indicates a pattern of inconsistent reconciliation practices.
  • List: Review and update reconciliation processes to ensure timely and accurate reporting.

Finding Text

Bank reconciliations included several items no longer outstanding and other items not recorded in a timely manner giving the appearance bank reconciliations may not be completed each month. See finding 2023-003.

Corrective Action Plan

The School Business Official took over the task of bank reconciliations in July 2023 and has been working on clearing items up on the bank reconciliation that had not previously been looked at.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 524077 2023-004
    Material Weakness
  • 524078 2023-005
    Material Weakness
  • 524080 2023-004
    Material Weakness
  • 524081 2023-005
    Material Weakness
  • 524082 2023-006
    Material Weakness
  • 524083 2023-004
    Material Weakness
  • 524084 2023-005
    Material Weakness
  • 524085 2023-006
    Material Weakness
  • 1100519 2023-004
    Material Weakness
  • 1100520 2023-005
    Material Weakness
  • 1100521 2023-006
    Material Weakness
  • 1100522 2023-004
    Material Weakness
  • 1100523 2023-005
    Material Weakness
  • 1100524 2023-006
    Material Weakness
  • 1100525 2023-004
    Material Weakness
  • 1100526 2023-005
    Material Weakness
  • 1100527 2023-006
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
10.555 National School Lunch Program $171,026
84.010 Title I Grants to Local Educational Agencies $78,301
84.425 Education Stabilization Fund $47,302
10.553 School Breakfast Program $46,317
84.027 Special Education Grants to States $25,040
84.367 Supporting Effective Instruction State Grants (formerly Improving Teacher Quality State Grants) $13,557
84.424 Student Support and Academic Enrichment Program $10,000
84.048 Career and Technical Education -- Basic Grants to States $7,800
10.185 Local Food for Schools Cooperative Agreement Program $3,344