FAC Explorer

Finding 619137 (2022-002)

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Requirement
P
Questioned Costs
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Year
2022
Accepted
2023-03-07
Audit: 40532
Organization: Winnebago Cusd #323 (IL)
Auditor: Benning Group LLC

AI Summary

  • Core Issue: The District failed to prepare accurate financial statements, leading to material audit adjustments.
  • Impacted Requirements: Compliance with the Illinois School Code and the Illinois Program Accounting Manual (IPAM) was not met.
  • Recommended Follow-Up: Implement a review process to ensure financial statements align with legal requirements before submission.

Finding Text

The District is responsible for preparation of accurate financial statements. Material audit adjustments were identified during the fiscal year 2022 financial audit. Several adjustments were needed in order to properly report certain items of revenue and expense in accordance with the provisions of the Illinois School Code and the Illinois Program Accounting Manual (IPAM).

Categories

Special Tests & Provisions

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
84.425 Education Stabilization Fund Esser III $1.23M
84.425 Education Stabilization Fund Esser II $1.03M
84.027 Special Education_grants to States $596,593
84.010 Title I Grants to Local Educational Agencies $391,228
10.555 National School Lunch Program $389,350
10.553 School Breakfast Program $49,290
10.560 State Administrative Expenses for Child Nutrition $27,537
10.555 Non-Cash Food $27,283
93.778 Medical Assistance Program $25,882
84.424 Student Support and Academic Enrichment Program $19,224
84.173 Special Education_preschool Grants $17,599
10.555 National School Lunch Program Crrsa Child Nutrition $13,334
84.367 Improving Teacher Quality State Grants $12,951
10.555 Fresh Fruits and Vegetables $8,296
10.649 Pandemic Ebt Administrative Costs $614