EIN: 366005604
UEI: FBWJAMRDKYK3
Audited by: Gassensmith & Michalesko, LTD.
Oversight agency: 84 [Department of Education]
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Data as of August 28, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on December 23, 2025. 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 June 23, 2026 (67 days ago).
What is a management decision? →FAC accepted this audit on January 22, 2025 — management decision was due July 22, 2025.
FAC accepted this audit on January 24, 2024 — management decision was due July 24, 2024.
During the course of the audit, it was noted the District did not file expenditure reports within the stated time period for its ARP - LEA American Rescue Plan program. Context: One quarter reported for the aforementioned program was reported past the one month following quarter end time period. For the quarter ended June 30, 2023, the District has not filed the report as of December 1, 2023. Cause: The District did not have procedures requiring a formal documented review of the District's compliance with the reporting requirements. Effect: The District was not in compliance with the grant regulations over reporting. Recommendation: We recommend the District take steps to ensure expenditure reports are filed with the ISBE on a timely basis. Management’s Response: The District will implement an internal procedure to ensure proper filing within one month of quarter end to be in reporting compliance.
Show full finding ▾Hide full finding ▴2023-02:Quarterly Reporting Criteria: According to the State and Federal Grant Administration Policy and Fiscal Requirements and Procedures Handbook published by ISBE, expenditures for Federal Programs are required to be reported to ISBE on a quarterly basis, one month following quarter end. Condition: During the course of the audit, it was noted the District did not file expenditure reports within the stated time period for its ARP - LEA American Rescue Plan program. Context: One quarter reported for the aforementioned program was reported past the one month following quarter end time period. For the quarter ended June 30, 2023, the District has not filed the report as of December 1, 2023. Cause: The District did not have procedures requiring a formal documented review of the District's compliance with the reporting requirements. Effect: The District was not in compliance with the grant regulations over reporting. Recommendation: We recommend the District take steps to ensure expenditure reports are filed with the ISBE on a timely basis. Management’s Response: The District will implement an internal procedure to ensure proper filing within one month of quarter end to be in reporting compliance.
The District improved oversight related to expenditure reporting and will continue to explore additional resources. During FY23, updates were made to the account code structure to allow for all expenditures and salaries to be tracked separately within the general ledger. This has been fully utilized since the start of FY24 and should improve the timeliness and accuracy of reporting. Expenditure reports will be generated to match what is reported with the underlying invoices attached to the transaction in the financial software.
During the course of the audit, it was noted the amount reported on the June 30, 2023 expenditure report did not correspond with the June 30, 2023 expenditures recorded in the District’s general ledger. Context: The District reported more expenditures on the report than were reported in the District’s general ledger. Cause: The District did not have procedures requiring the grant report was correctly prepared. Effect: The District overreported expenditures in the June 30, 2023 expenditure, which resulted in an incorrect report filed with ISBE. Recommendation: We recommend the District review the expenditures recorded in the general ledger before completing the quarterly expenditure reports. Management’s Response: The District will implement an internal procedure to ensure proper filing of the expenditure report with ISBE.
Show full finding ▾Hide full finding ▴2023-03:Expenditure Reporting Criteria: The District must file quarterly expenditure reports reflecting the expenditures recorded according to the District’s general ledger. Condition: During the course of the audit, it was noted the amount reported on the June 30, 2023 expenditure report did not correspond with the June 30, 2023 expenditures recorded in the District’s general ledger. Context: The District reported more expenditures on the report than were reported in the District’s general ledger. Cause: The District did not have procedures requiring the grant report was correctly prepared. Effect: The District overreported expenditures in the June 30, 2023 expenditure, which resulted in an incorrect report filed with ISBE. Recommendation: We recommend the District review the expenditures recorded in the general ledger before completing the quarterly expenditure reports. Management’s Response: The District will implement an internal procedure to ensure proper filing of the expenditure report with ISBE.
The District improved oversight related to expenditure reporting and will continue to explore additional resources. During FY23, updates were made to the account code structure to allow for all expenditures and salaries to be tracked separately within the general ledger. This has been fully utilized since the start of FY24 and should improve the timeliness and accuracy of reporting. Expenditure reports will be generated to match what is reported with the underlying invoices attached to the transaction in the financial software
FAC accepted this audit on January 9, 2023 — management decision was due July 9, 2023.
FAC accepted this audit on January 10, 2022 — management decision was due July 10, 2022.
The District did not effectively reconcile the general ledger with it?s underlying records before closing the year. Context: The District did not have enough time to prepare complete and accurate financial statements. During the current fiscal year, the District's trial balances required material audit adjustments, including revenue reclassifications; expenditure reclassifications; and transfers among funds. Cause: The District experienced turnover in the business office in key operating roles. Effect: Because of time constraints related to the overall general ledger maintenance, material misstatements to the financial statements may not be prevented or detected by the District's system of internal controls Recommendation: The District could consider the costs and benefits of dedicating the necessary staff resources, technical training, and oversight to ensure the District's financial statements are accurately prepared in accordance with the modified-cash basis of accounting. Management?s Response: Management is aware of the condition and will begin implementing policies and procedures related to financial statement preparation.
Show full finding ▾Hide full finding ▴2021-01:General Ledger Maintenance Criteria: The School Board of Illinois requires school districts in Illinois to maintain an appropriate set of journals and ledgers for recording, summarizing, and control of transactions and shall use the double entry bookkeeping method and a fund accounting system. Condition: The District did not effectively reconcile the general ledger with it?s underlying records before closing the year. Context: The District did not have enough time to prepare complete and accurate financial statements. During the current fiscal year, the District's trial balances required material audit adjustments, including revenue reclassifications; expenditure reclassifications; and transfers among funds. Cause: The District experienced turnover in the business office in key operating roles. Effect: Because of time constraints related to the overall general ledger maintenance, material misstatements to the financial statements may not be prevented or detected by the District's system of internal controls Recommendation: The District could consider the costs and benefits of dedicating the necessary staff resources, technical training, and oversight to ensure the District's financial statements are accurately prepared in accordance with the modified-cash basis of accounting. Management?s Response: Management is aware of the condition and will begin implementing policies and procedures related to financial statement preparation.
Finding 2021-01: General Ledger Maintenance Condition: The District did not effectively reconcile the general ledger with its underlying records before closing the year. Corrective Action Plan: The District has replaced the director of finance during the audit year and will be reviewing and implementing enhanced internal control procedures. Finding 2021-02: Federal Quarterly reporting Condition: Inadequate controls over IDEA grant expenditure reporting. Corrective Action Plan: The District improved oversight related to expenditure reporting and will continue to explore additional resources.
FAC accepted this audit on December 20, 2020 — management decision was due June 20, 2021.
FAC accepted this audit on October 29, 2019 — management decision was due April 29, 2020.
FAC accepted this audit on November 14, 2017 — management decision was due May 14, 2018.
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