City of West Chicago

EIN: 366006144

UEI: LQLNCLHFMNJ4

Data as of August 21, 2026

City of West Chicago2 audit years1 findings
2
Audit Years
1
Total Findings
0
Repeat Findings

FY 2023-12-31

Management decision deadline — for entities that funded this organization

The FAC accepted this audit on September 19, 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 March 19, 2025 (520 days ago).

What is a management decision? →
2023-001
Activities Allowed or Unallowed / Cost Allowability
MATERIAL WEAKNESS

During audit fieldwork, our testing resulted in a restatement of fund balance in order to correct liability insurance improperly recorded in prior years. Criteria: A good system of internal controls would provide for accurate recording and reporting of liability insurance expenses on a regular basis in order to provide for accurate financial reporting. Cause: Year-end entries related to liability insurance were required in order to accurately present the City’s financial statements. Effect: A material adjustment to the City’s beginning fund balance was required to properly state liability insurance. Recommendation: We recommend the City implement effective internal controls in order to provide an accurate assessment of reporting requirements. This implementation of improved controls would result in the appropriate recognition for financial reporting requirements. Corrective Action Plan: The City and finance director will implement internal controls to properly record liability insurance expenses, payables, and prepaid expenses on a timely basis prior to audit fieldwork.

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Full finding narrative

Condition: During audit fieldwork, our testing resulted in a restatement of fund balance in order to correct liability insurance improperly recorded in prior years. Criteria: A good system of internal controls would provide for accurate recording and reporting of liability insurance expenses on a regular basis in order to provide for accurate financial reporting. Cause: Year-end entries related to liability insurance were required in order to accurately present the City’s financial statements. Effect: A material adjustment to the City’s beginning fund balance was required to properly state liability insurance. Recommendation: We recommend the City implement effective internal controls in order to provide an accurate assessment of reporting requirements. This implementation of improved controls would result in the appropriate recognition for financial reporting requirements. Corrective Action Plan: The City and finance director will implement internal controls to properly record liability insurance expenses, payables, and prepaid expenses on a timely basis prior to audit fieldwork.

Corrective Action Plan

Condition: During audit fieldwork, our testing resulted in a restatement of fund balance in order to correct liability insurance improperly recorded in prior years. Plan: The City will implement internal controls to properly record liability insurance expenses, payables, and prepaid expenses on a timely basis prior to audit fieldwork. Anticipated Date of Completion: December 31, 2024

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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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