FAC Explorer

Finding 635571 (2022-001)

- Repeat Finding
Requirement
P
Questioned Costs
-
Year
2022
Accepted
2023-03-03
Audit: 54904
Organization: Meridian Community Unit School District #223 (IL)
Auditor: Benning Group LLC

AI Summary

  • Issue: Some fund custodians did not meet bonding requirements as per the Illinois School Code.
  • Trend: The treasurer's bond was insufficient for one month during fiscal year 2022.
  • Follow-up: Ensure the treasurer's bond meets the requirement of at least 25% of total funds in custody moving forward.

Finding Text

One or more custodians of funds failed to comply with the bonding requirements of the Illinois School Code. The treasurer's bond in force was not sufficient to meet the bonding requirement for one month during fiscal year 2022. Illinois School Code requires the 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
32.009 Emergency Connectivity Fund Program $536,250
10.555 National School Lunch Program $460,736
84.027 Special Education_grants to States $321,053
84.010 Title I Grants to Local Educational Agencies $264,426
84.425 Education Stabilization Fund Esser II $180,922
10.553 School Breakfast Program $101,739
84.425 Education Stabilization Fund Esser II Jumpstart $78,785
84.367 Improving Teacher Quality State Grants $50,840
84.425 Education Stabilization Fund Esser I $46,567
10.555 Non-Cash Food Commodity $42,982
93.778 Medical Assistance Program $30,398
10.555 Fresh Fruits and Vegetables $25,406
84.425 Education Stabilization Fund Esser De $24,758
84.424 Student Support and Academic Enrichment Program $12,961
84.173 Special Education_preschool Grants $7,261
84.425 Education Stabilization Fund $1,008