SENIOR SERVICES CENTER OF WILL COUNTYNon-Profit

Finding 2020-001: Review and Support of Monthly Journal Entries Criteria: Journal entries should be reviewed by someone other than the preparer of the journal entries and be supported by clear documentation. The Organization?s Accounting Policies and Procedures manual states that all journal entries and supporting documents should be approved by the Executive Director (initialed). Condition: All journal entries were not approved by the Executive Director and clear documentation to support journal entries was not always maintained. Effect: Journal entries were not properly approved and supported, which could have caused material misstatements. Cause: The Organization did not follow the procedures outlined in the Organization?s Accounting Policies and Procedures manual. Recommendation: The Organization should follow their procedures in the Accounting Policies and Procedures manual. Views of Organization?s management and corrective action: The Organization agrees with the recommendation. The Organization will immediately start following the procedures outlined in the Accounting Policies and Procedures manual.

Finding 2020-002: Late Completion of the Audit Criteria: The Organization?s audit of the financial statements should be completed within several months after the fiscal year-end, so government reports are filed timely and the Organization?s management and Board of Directors can effectively provide oversight of the Organization?s financial activity. Condition: The Organization did not have procedures in place to complete its annual financial statements for the year-ended December 31, 2020 on a timely basis. Effect: The Organization?s audit of the financial statements for the year ended December 31, 2020 was not completed until June 2022. Also, the Company?s information returns with the Internal Revenue Service and Illinois Attorney General were not filed by their extended due dates. In addition, the Data Collection form was not filed by the due date. Cause: The Organization?s Fiscal Officer position was vacant for several months and the position was held by a few different people over the last few years. Recommendation: Procedures should be put in place, so the Organization?s annual financial statements are completed within a few months after the fiscal year-end. Views of Organization?s management and corrective action: The Organization agrees with the recommendation and will implement procedures so the Organization?s annual financial statements are completed within a few months after the fiscal year-end

Finding 2020-004: Late Submission of Audited Financial Statements and Data Collection Form Criteria: The Organization should have procedures in place to ensure the filing of the audited financial statements and the Data Collection form with the Federal Audit Clearinghouse by the due date. Condition: The Organization did not have procedures in place to ensure the filing of the audited financial statements and Data Collection form by the due date. Effect: The audited financial statements and Data Collection form for the year ended December 31, 2020 were not filed by the due date. Cause: The Organization?s Fiscal Officer position was vacant for several months and the position was held by a few different people over the last few years. Recommendation: Procedures should be put in place, so audited financial statements and the Data Collection form are filed with the Federal Audit Clearinghouse by the due date Views of Organization?s management and corrective action: The Organization agrees with the recommendation and will implement procedures, so the audited financial statements and Data Collection form are filed with the Federal Audit Clearinghouse by the due date.