FAC Explorer

Finding 635572 (2022-002)

Material Weakness 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

  • 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
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