Finding Text
Criteria: Reporting. Condition: The District did not submit accurate total expenditure reports. The District miscoded an expense of $5,493 that should be reported in account 2110-400 and reported the expense in account 2130-100. Questioned costs: No questioned costs. Context: The quarterly expense report was under reported for account 2110-400 and over reported for account 2130-100. Effect: The District was over budget in the account 2130-100. Cause: The District did not employ proper oversight to ensure that the quarterly expenditure reports filed were in agreement with the general ledger. Recommendation: We recommend that steps are taken, including oversight by a second employee, to ensure that all quarterly expenditure reports are reconciled with the general ledger before submitting the reports. Management response: The District will take the necessary steps to file all quarterly expenditure reports accurately in the future.