Finding 553814 (2024-001)

Material Weakness Repeat Finding
Requirement
P
Questioned Costs
-
Year
2024
Accepted
2025-04-02

AI Summary

  • Answer: The District is not completing bank reconciliations accurately or on time.
  • Trend: There is a consistent lack of proper procedures for reconciling cash reports.
  • List: Implement clear procedures for monthly reconciliations between the general ledger and cash reports.

Finding Text

The District is required to complete accurate and timely bank reconciliations. The District lacks adequate procedures for monthly bank reconciliations within their general ledger system and between the bookkeeper's cash reports and the treasurer's reports.

Corrective Action Plan

District Bookkeeper has submitted a case request to E Finance Plus (Power School). Michelle Huss has taken over this case from E Finance Plus. This is the come up with a solution to eliminate outstanding entries without it affecting our retained earnings or current year's figures.

Categories

No categories assigned yet.

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
84.010 Title I Grants to Local Educational Agencies $569,683
84.425 Education Stabilization Fund $320,972
84.010 Title 1 School Improvement & Accountability $191,490
10.553 School Breakfast Program $133,778
10.559 Summer Food Service Program $123,430
84.027 Special Education Grants to States $123,226
10.555 National School Lunch Program $72,787
93.778 Medical Assistance Program $67,522
84.367 Supporting Effective Instruction State Grants (formerly Improving Teacher Quality State Grants) $51,068
10.582 Fresh Fruit and Vegetable Program $35,225
84.424 Student Support and Academic Enrichment Program $27,966
10.555 Arp Child Nuturition - Supply Chain Assistance $15,298
10.555 Non-Cash Commodity Program $13,666
84.173 Special Education Preschool Grants $13,307
10.555 Fresh Fruits & Vegetables Favors Commodity $10,680
10.649 Pandemic Ebt Administrative Costs $653