FAC Explorer

Finding 61310 (2022-003)

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Requirement
F
Questioned Costs
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Year
2022
Accepted
2023-04-05
Audit: 53649
Organization: McHenry Community Consolidated School Dist 15 (IL)
Auditor: Eder Casella & CO

AI Summary

  • Answer: The District is not tracking fixed assets bought with federal funds.
  • Trend: This lack of tracking could lead to compliance issues and potential financial discrepancies.
  • List: Recommend implementing a system to monitor and report on these assets to ensure proper management and accountability.

Finding Text

The District does not track fixed assets purchased with federal funds.

Corrective Action Plan

The District will establish procedures for tracking fixed assets purchased with federal funds.

Categories

Procurement, Suspension & Debarment

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
84.010 Title I Grants to Local Educational Agencies $568,546
10.553 School Breakfast Program $339,018
93.778 Medical Assistance Program $164,364
84.367 Improving Teacher Quality State Grants $105,571
84.365 English Language Acquisition State Grants $72,981
10.559 Summer Food Service Program for Children $24,056
84.027 Special Education_grants to States $22,282
10.555 National School Lunch Program $19,639
84.425 Education Stabilization Fund $2,669
32.009 Emergency Connectivity Fund Program $824
84.173 Special Education_preschool Grants $395