Management decision deadline — for entities that funded this organization
The FAC accepted this audit on January 7, 2026. 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 July 7, 2026, which was (43 days ago).
What is a management decision? →The District is responsible for the preparation of accurate financial statements. Material audit adjustments were identified during the fiscal year 2025 financial audit. 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 the Illinois Program Accounting Manual (IPAM).
Continued understanding is still needed from prior fiscal years. We have improved but more leanring and improvement is needed. We will continue to review account numbers throughout the year to better understand what journal entries need to be made.
2024-001
Expenditure reports are required to be submitted to ISBE on a timely basis. The September 30, 2024 IDEA Flow Through, IDEA Pre-k and ESSER 4 expenditure reports were not filed within the required time frame.
With the late submission/approval of the grants, these dates just slipped through the cracks. Will be monitored better moving forward to ensure the dates they are asking for are made in a timely manner.
Expenditure reports are required to be submitted to ISBE on a timely basis. The IDEA Pre-School Flow Through expenditure report for September 30, 2024 was not filed within the required time frame.
With the late submission/approval of the grants, these dates just slipped through the cracks. Will be monitored better moving forward to ensure the dates they are asking for are made in a timely manner.
Expenditure reports are required to be submitted to ISBE on a timely basis. The IDEA Flow Through expenditure report for September 30, 2024 was not filed within the required time frame.
With the late submission/approval of the grants, these dates just slipped through the cracks. Will be monitored better moving forward to ensure the dates they are asking for are made in a timely manner.
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on November 7, 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 May 7, 2025, which was (469 days ago).
What is a management decision? →The District is responsible for the preparation of accurate financial statements. Material audit adjustments were identified during the fiscal year 2024 financial audit. 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 the Illinois Program Accounting Manual (IPAM).
Learning and understanding the way specific account numbers work and why/when journal entries need to be made. Understanding is still needed from prior fiscal years. Quarterly review of account numbers that we struggle with, i.e. liability accounts.
2023-001
The District is required to file an accurate expenditure report. The August 31, 2023 Title I - Low Income report reflects expenditures that were not supported by the Districts documentation of the program for fiscal year 2024. The District claimed Title I - Low Income expenditures for instruction supplies & materials of $203,405, however, District recoreds reflect spending of $161,205 for allowable instruction supplies and materials. The District also claimed $78,808 in other support services purchased services but District records reflect $72,000 of allowable other support services purchased services.
Better management of expenditures related to Title purchases and not expensing funds from the previous fiscal year. Created a dummy Title account number to help manage spending before the grant is offically approved to help with the management.
The District is required to file an accurate expenditure report. The August 31, 2023 Title I - School Improvement & Acccountability report reflects expenditures that were not supported by the Districts documentation of the program for fiscal year 2024. The District claimed Title I - School Improvement & Accountability expenditures for instruction supplies & materials of $12,349, however, District records reflect spending of $11,370 for allowable instruction supplies & materials.
Better management of expenditures related to Title purchases and not expensing funds from the previous fiscal year. Created a dummy Title account number to help manage spending before the grant is offically approved to help with the management.
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on May 3, 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 November 3, 2024, which was (654 days ago).
What is a management decision? →The District is responsible for the preparation of accurate financial statements. Material audit adjustments were 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 the Illinois Program Accounting Manual (IPAM).
Learning and understanding the way specific account numbers work and why/when journal entries need to be made. See full Corrective Action Plan on district letterhead.
2022-002
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.
Plan is to have the board vote to lower the bonding requirement to 10% from the current 25% in the board policy. We plan to leave the bond amount the same to ensure the district is covered at all times. See full Corrective Action Plan on district letterhead.
Expenditure reports are required to be submitted to ISBE on a timely basis each quarter. The September 30, 2022 ARP ID and ARP PS expenditure reports, the December 31, 2022 IDEA Pre-K, IDEA Flow-Through, ARP ID and ARP PS expenditure reports, the March 31, 2023 ARP ID and ARP PS expenditure reports, and the June 30, 2023 Digital Equity 4 expenditure reports were not filed within the required timeframe.
Monitoring dates closely to ensure the deadlines are being met. See full Corrective Action Plan on district letterhead.
2022-003, 2022-004, 2023-005, 2023-006, 2023-007
Expenditure reports are required to be submitted to ISBE on a timely basis each quarter. The September 30, 2022 ESSER III expenditure report was not filed within the required timeframe.
Keeping a close eye on the dates, making sure the deadlines aren't being missed. See full Corrective Action Plan on district letterhead.
Expenditure reports are required to be submitted to ISBE on a timely basis each quarter. The June 30th, 2023 Digital Equity 4 expenditure report was not filed within the required timeframe.
Keeping a close eye on the dates, making sure the deadlines aren't being missed. See full Corrective Action Plan on district letterhead.
The district is required to file an accurate expenditure report. The 6/30/23 ESSER III expenditure report reflects expenditures that were not supported by the District's documentation of the program for fiscal year 2023.
Monitoring the grant and what is being purchased using grant account numbers, making sure that only approved expenditures are being purchased and approved with the grant. See full Corrective Action Plan on district letterhead.
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on March 7, 2023. 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 7, 2023, which was (1077 days ago).
What is a management decision? →The Illinois General Assembly, pursuant to the Illinois Government Ethics Act (5 ILCS 420/4A-101), requires certain individuals, including District board members, certified school business officials, and administrators, to annually file a statement of economic interest with the county clerk's office. The District had two individuals who did not file the statement of economic interest by the May 1st deadline.
1. Inform employees ahead of time of the importance and mandatory task of filling out the Statement of Economic Interest. 2. Provide both an online link and physical copies of the Statement of Economic Interest at the District Office for ease-of-access to employees. 3. Weekly reminders to complete the statement with instructions attached for both online and physical avenues. See the full Corrective Action Plan included with the reporting package.
2021-001
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 the Illinois Program Accounting Manual (IPAM).
1. Review the audit adjustments and the reasoning behind them. 2. Use audit reasoning as a reference for future expenditures of a similar nature. 3. Keep a firmer track of expenditures to ensure that they are being placed in the correct funds and accounts. If there is a uncertain expenditure, reach out to the auditor for guidance. See the full Corrective Action Plan included with the reporting package.
Expenditure reports are required to be submitted to ISBE on a timely basis each quarter. The September 30, 2021 and June 30, 2022 Title I - Low Income expenditure reports were not filed within 20 days of the end of the quarter.
1. Review the necessary submission dates required by ISBE. 2. Submit expenditure reports regardless if financial activity occurred. 3. Place several reminders one week prior to the end of the quarter to ensure timely reporting. See the full Corrective Action Plan included with the reporting package.
Expenditure reports are required to be submitted to ISBE on a timely basis. The September 30, 2021, March 31, 2022, and June 30, 2022 Title IV - Student Support & Academic Enrichment expenditure reports were not filed within 20 days of the end of the quarter.
1. Review the necessary submission dates required by ISBE. 2. Submit expenditure reports regardless if financial activity occurred. 3. Place several reminders one week prior to the end of the quarter to ensure timely reporting. See the full Corrective Action Plan included with the reporting package.
Expenditure reports are required to be submitted to ISBE on a timely basis. The September 30, 2021 and June 30, 2022 Fed. Sp. Ed. Pre-School Flow-Through expenditure reports were not filed within 20 days of the end of the quarter.
1. Review the necessary submission dates required by ISBE. 2. Submit expenditure reports regardless if financial activity occurred. 3. Place several reminders one week prior to the end of the quarter to ensure timely reporting. See the full Corrective Action Plan included with the reporting package.
Expenditure reports are required to be submitted to ISBE on a timely basis. The September 30, 2021 and June 30, 2022 Fed. Sp. Ed. IDEA Flow-Through expenditure reports were not filed within 20 days of the end of the quarter.
1. Review the necessary submission dates required by ISBE. 2. Submit expenditure reports regardless if financial activity occurred. 3. Place several reminders one week prior to the end of the quarter to ensure timely reporting. See the full Corrective Action Plan included with the reporting package.
Expenditure reports are required to be submitted to ISBE on a timely basis. The March 31, 2022 and June 30, 2022 ESSER III expenditure reports were not filed within 20 days of the end of the quarter.
1. Review the necessary submission dates required by ISBE. 2. Submit expenditure reports regardless if financial activity occurred. 3. Place several reminders one week prior to the end of the quarter to ensure timely reporting.
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on December 22, 2021. 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 22, 2022, which was (1519 days ago).
What is a management decision? →The Illinois General Assembly, pursuant to the Illinois Government Ethics Act (5 ILCS 420/4A-101), requires certain individuals, including District board members, certified school business officials, and administrators, to annually file a statement of economic interest with the county clerk's office. The District had two individuals who did not file the statement of economic interest by the May 1 deadline.
The District will follow up with each required individual annually to ensure the proper statements are being filed in a timely manner. See full Corrective Action Plan included with the reporting package.
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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