Finding 618215 (2022-009)

Material Weakness
Requirement
BL
Questioned Costs
-
Year
2022
Accepted
2023-03-16

AI Summary

  • Issue: The District failed to complete monthly bank reconciliations on time, affecting financial oversight.
  • Trend: This delay includes accounts tied to federal programs, which could lead to compliance risks.
  • Recommendation: Implement a schedule to ensure timely bank reconciliations moving forward.

Finding Text

The District did not prepare monthly bank reconciliations in a timely manner, including accounts relating to federal programs.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 41772 2022-008
    Material Weakness Repeat
  • 41773 2022-009
    Material Weakness
  • 41774 2022-010
    Significant Deficiency
  • 41775 2022-011
    Significant Deficiency
  • 618214 2022-008
    Material Weakness Repeat
  • 618216 2022-010
    Significant Deficiency
  • 618217 2022-011
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
84.425 Education Stabilization Fund $419,867
10.555 National School Lunch Program $219,787
84.010 Title I Grants to Local Educational Agencies $58,271
10.553 School Breakfast Program $43,620
84.358 Rural Education $23,046
84.027 Special Education_grants to States $12,429
84.367 Improving Teacher Quality State Grants $11,506
84.424 Student Support and Academic Enrichment Program $10,000
84.048 Career and Technical Education -- Basic Grants to States $5,733