Finding Text
2023-03:Expenditure Reporting
Criteria:
The District must file quarterly expenditure reports reflecting the expenditures recorded according to the District’s general ledger.
Condition:
During the course of the audit, it was noted the amount reported on the June 30, 2023 expenditure report did not correspond with the June 30, 2023 expenditures recorded in the District’s general ledger.
Context:
The District reported more expenditures on the report than were reported in the District’s general ledger.
Cause:
The District did not have procedures requiring the grant report was correctly prepared.
Effect:
The District overreported expenditures in the June 30, 2023 expenditure, which resulted in an incorrect report filed with ISBE.
Recommendation:
We recommend the District review the expenditures recorded in the general ledger before completing the quarterly expenditure reports.
Management’s Response:
The District will implement an internal procedure to ensure proper filing of the expenditure report with ISBE.