Finding Text
Statement of Condition: Residual receipts balance is over the calculated compliance amount. Cause: The prior year surplus cash amount was deposited into the residual receipts account. However, approval was not
requested to pay back excess residual receipt note. Effect: Residual receipts balance is over the compliance amount. Auditor Non-Compliance Code: Z. Questioned Costs: $258. Reporting View of Responsible Officials: The Organization agrees with the finding. The auditor's recommendations are in the process of being implemented. Context: Review of the residual receipt activity showed that the client had deposited surplus cash money into the account; however approval was not sought to pay back excess residual receipts. Recommendation: Training of staff should be performed to bring the staff up to date with the implementation of all residual receipts compliance requirements. Additionally, the Organization should request approval for current overage.