FY 15 Audit Administrative Actions

Immediate Actions Taken  Adjustment of district-wide administrator accounts functions to match with Illinois Program Accounting Manual (IPAM)  Created a new gate admissions tracking form for events.  Cash counting form for all cash deposits  Reviewed proper cash handling procedures with district administrators  Assisted with gate admissions counting process to see current practices firsthand  Met with Athletic Department  No specific concern from the auditor – this is just the program that handles the most cash.

Long-Term Action Plan  Creating a cash handling handbook for the district.  Developing a formal risk management plan for the district.  Continuing to discuss and seek out ways to segregate duties within the accounting finance department.

 The only finding in the audit was the internal controls – segregation of duties.  This finding will never be removed from the audit without additional staff to allow further segregation of duties.  The administration has one idea to help with this issue – administrative rights to Infinite Visions (HR/Finance software)  Let’s discuss. Only 1 Audit Finding

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