Finding Text
Reference: 2022-003 Criteria - The District?s records must be kept in accordance with accounting principles generally accepted in the United States of America. Condition - During our audit we proposed several adjustments to properly state the schedule of expenditures of federal awards. Cause - Unknown Effect - The schedule of expenditures of federal awards was materially misstated. Recommendation - We recommend that management assess the current administrative burden of the accounting staff and determine where additional assistance would be most beneficial. Management?s Response - Management will consider the need for additional assistance with the administrative accounting functions and hire personnel as deemed necessary. Also, management will more aggressively monitor year-end cutoffs for potential payables.