Finding 610827 (2022-002)

- Repeat Finding
Requirement
P
Questioned Costs
-
Year
2022
Accepted
2023-04-05
Audit: 30210

AI Summary

  • Issue: The district treasurer did not meet bonding requirements as outlined in the Illinois School Code.
  • Trend: For several months in fiscal year 2022, the bonds held were insufficient, falling below the required 25% of total funds.
  • Recommendation: Ensure the treasurer's bonds are reviewed and adjusted to comply with bonding requirements moving forward.

Finding Text

The district treasurer failed to comply with the bonding requirements pursuant to Illinois School Code. The treasurer's bonds in force were not sufficient to meet the bonding requirement for several months in fiscal year 2022. Illinois School Code requires each district treasurer to be bonded for at least 25% of the total funds in his/her custody.

Categories

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Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
84.425 Education Stabilization Fund Esser II $290,660
10.555 National School Lunch Program $270,038
84.027 Special Education_grants to States $219,900
32.009 Emergency Connectivity Fund Program $204,934
84.027 Special Education_grants to States Room & Board $186,660
84.425 Education Stabilization Fund Esser III $119,417
84.010 Title I Grants to Local Educational Agencies $109,039
10.553 School Breakfast Program $39,801
10.555 Noncash Food Commodity $33,934
84.367 Improving Teacher Quality State Grants $33,912
10.560 State Administrative Expenses for Child Nutrition $19,609
93.778 Medical Assistance Program $13,883
10.555 Fresh Fruits & Vegetables $13,319
84.173 Special Education_preschool Grants $9,323
84.424 Student Support and Academic Enrichment Program $6,228
10.555 National School Lunch Program Crrsa Child Nutrition $4,535
84.173 Special Education_preschool Grants Arp Idea Ps $1,715
10.649 Pandemic Ebt Administrative Costs $614