Pearl City C.U.S.D. #200

EIN: 366005473

UEI: LUDVS2KKT7X9

Data as of August 21, 2026

Pearl City C.U.S.D. #2002 audit years3 findings1 repeat
2
Audit Years
3
Total Findings
1
Repeat Findings

FY 2023-06-30

Management decision deadline — for entities that funded this organization

The FAC accepted this audit on March 26, 2024. Under 2 CFR 200.521(d), a pass-through entity that provided federal funds to this organization for this audit period must issue a management decision on these findings by September 26, 2024 (695 days ago).

What is a management decision? →
2023-001
Other
REPEAT

The District is responsible for preparation of accurate financial statements. A material audit adjustment was identified during the fiscal year 2023 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 Illinois Program Accounting Manual (IPAM).

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Full finding narrative

The District is responsible for preparation of accurate financial statements. A material audit adjustment was identified during the fiscal year 2023 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 Illinois Program Accounting Manual (IPAM).

Corrective Action Plan

The District will seek guidance for recording transactions under new accounting standards as they arise. See full Corrective Action Plan on district letterhead.

Prior Finding References

2022-001

About Other →

FY 2022-06-30

FAC accepted this audit on March 2, 2023 — management decision was due September 2, 2023.

2022-001
Other

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 Illinois Program Accounting Manual (IPAM).

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Full finding narrative

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 Illinois Program Accounting Manual (IPAM).

Corrective Action Plan

The District will seek guidance for recording transactions under new accounting standards as they arise in the future.

About Other →
2022-002
Other

Permanent transfers are required to have statutory authorization by board resolution. A transfer of $158,877 of cash between the Working Cash fund and the Capital Projects fund was recorded without authorization via board resolution.

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Full finding narrative

Permanent transfers are required to have statutory authorization by board resolution. A transfer of $158,877 of cash between the Working Cash fund and the Capital Projects fund was recorded without authorization via board resolution.

Corrective Action Plan

In the future, the board will approve all transfers and abatements.

About Other →

Data source: This information comes from the Federal Audit Clearinghouse, the official repository of Single Audit data. All data is public domain. Verify this organization's audit history at fac.gov.

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