Finding #2024-003 - Cash Reconciliations (Prior Year Finding #2023-003) Condition: The main checking account of the District was not reconciled to the general ledger in a timely manner throughout 2023-2024. Effect: Not reconciling cash accounts on a timely basis could lead to errors or other problems not being recognized and resolved in a timely manner. General ledger cash balances should be reconciled to monthly bank statements shortly after bank statements are received. Cause: The District's main checking account was not reconciled to the general ledger on a monthly basis throughout the year. Criteria: Internal controls should be kept in place to make sure that cash is reconciled timely and that reconciliations are tied to the general ledger on a monthly basis. Recommendation: We recommend the District develop procedures to reconcile all cash accounts to the general ledger in a timely manner. The reconciliations should be reviewed by someone other than the person preparing the reconciliation. The reviewer should initial and date the reconciliations when the review is complete. Response: The District will begin reconciling cash to the general ledger on a timely basis during the 2024-2025 fiscal year. Contact Person: Ryan Bohnsack Anticipated Completion: June 30, 2025