Issue: The Organization did not deposit funds into the residual receipts account within the required 90-day period after the fiscal year ended.
Impact: This failure may lead to compliance issues and potential financial discrepancies.
Recommendation: Ensure timely deposits in the future and review procedures to avoid similar issues.
Finding Text
The Organization failed to make the required deposit within 90 days subsequent to the end of the fiscal year into the residual receipts account during the year.