FAC Explorer

Finding 579156 (2023-001)

Significant Deficiency
Requirement
B
Questioned Costs
-
Year
2023
Accepted
2023-11-29
Audit: 4620
Organization: Maine School Administrative District No 59 (ME)
Auditor: Brantner Thibodeau & Associates

AI Summary

  • Answer: Review year-end procedures to ensure accurate expense accruals.
  • Trend: Inaccurate accruals can lead to financial misstatements.
  • List: Follow up by checking accounts payable for any unrecorded expenses.

Finding Text

Recommendation: We recommend that the client review year-end procedures to ensure all expenses are correctly accrued as accounts payable if necessary.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 2714 2023-001
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
84.010 Title I Grants to Local Educational Agencies $392,101
10.555 National School Lunch Program $234,584
84.027 Special Education_grants to States $177,136
10.553 School Breakfast Program $88,125
84.367 Improving Teacher Quality State Grants $76,777
21.027 Coronavirus State and Local Fiscal Recovery Funds $40,902
32.004 Universal Service Fund - Schools and Libraries $37,596
84.425 Education Stabilization Fund $31,068
10.582 Fresh Fruit and Vegetable Program $20,947
10.559 Summer Food Service Program for Children $10,252
84.173 Special Education_preschool Grants $2,620
10.649 Pandemic Ebt Administrative Costs $1,884