Finding Text
Statement of Condition: Residual receipts balance is over the calculated compliance amount. Cause: The prior years surplus cash amount was deposited into the residual receipts account. However, approval was not requested to pay back excess residual receipts. Effect: Residual receipts balance is over the compliance amount. Auditor Non-Compliance Code: Z. Questioned Costs: $20,259. Reporting View of Responsible Officials: The Organization agrees with the finding. The auditor's recommendations are in the process of being implemented. Context: Review of the residual receipts activity showed that the client had deposited surplus cash money into the account; however, approval was never sought to pay back excess residual receipts. Recommendation: Training of staff should be performed to bring staff up to date with the implementation of all residual receipts’ compliance requirements.