Finding 967577 (2023-001)

- Repeat Finding
Requirement
P
Questioned Costs
-
Year
2023
Accepted
2024-04-01

AI Summary

  • Issue: Some fund custodians did not meet bonding requirements set by the Illinois School Code.
  • Trend: For one month in fiscal year 2023, the treasurer's bond was insufficient.
  • Follow-up: Ensure the treasurer's bond meets the requirement of at least 25% of total funds in custody.

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 2023. The 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
84.425 Education Stabilization Fund E3 $1.01M
16.710 Public Safety Partnership and Community Policing Grants $500,000
84.425 Education Stabilization Fund D3 $396,711
10.555 National School Lunch Program $324,442
84.027 Special Education_grants to States $304,463
84.010 Title I Grants to Local Educational Agencies $207,274
84.027 Special Education_grants to States Arp Idea Ft $69,191
10.555 National School Lunch Arp Child Nutrition Supply Chain Funding $55,917
10.555 Non-Cash Food Commodity $51,889
10.555 School Breakfast Program $43,814
84.425 Education Stabilization Fund Fg $41,394
10.555 Fresh Fruits and Vegetables $33,441
84.424 Student Support and Academic Enrichment Program $31,750
10.579 Nslp Equipment Assistance Grant $26,614
93.778 Medical Assistance Program $22,878
84.367 Improving Teacher Quality State Grants $20,877
10.553 School Breakfast Program $18,215
84.173 Special Education_preschool Grants $11,075
84.425 Education Stabilization Fund Arp Hl $6,703
84.173 Special Education_preschool Grants Arp Idea Ps $6,699
10.649 Pandemic Ebt Administrative Costs $628