Annual Audit Findings

Five Year Comparison of Audit Findings

School store or P.E. uniform sales made more/less profit than potential based upon ratio analysis

Year 2020 2019 2018 2017 2016
Number of schools with the finding 4 6 7 4 4
Percentage of schools with the finding 4% 7% 10% 6% 6%

Donation in excess of $250.00 which the school did not formally acknowledge

Year 2020 2019 2018 2017 2016
Number of schools with the finding 5 5 9 4 15
Percentage of schools with the finding 6% 6% 13% 6% 21%

Failure to report property acquisition to property and records department

Year 2020 2019 2018 2017 2016
Number of schools with the finding 9 3 6 8 7
Percentage of schools with the finding 10% 3% 8% 11% 10%

Proper fund-raising forms were not completed (MIS582 and/or MIS583)

Year 2020 2019 2018 2017 2016
Number of schools with the finding 9 9 8 3 7
Percentage of schools with the finding 10% 10% 11% 4% 10%

Weaknesses found in fee based program

Year 2020 2019 2018 2017 2016
Number of schools with the finding 2 3 4 4 4
Percentage of schools with the finding 2% 3% 6% 6% 6%

Payments made to individuals without going through payroll or financial accounting

Year 2020 2019 2018 2017 2016
Number of schools with the finding 6 12 12 3 6
Percentage of schools with the finding 7% 13% 13% 4% 8%

Purchase orders not utilized as required

Year 2020 2019 2018 2017 2016
Number of schools with the finding 0 1 5 6 1
Percentage of schools with the finding 0% 1% 7% 8% 1%

Money collected by teachers or staff was not remitted to the bookkeeper in a timely manner

Year 2020 2019 2018 2017 2016
Number of schools with the finding 0 1 1 1 2
Percentage of schools with the finding 0% 1% 1% 1% 3%

Material weaknesses in the cash receipt/cash disbursement process

Year 2020 2019 2018 2017 2016
Number of schools with the finding 13 13 10 5 5
Percentage of schools with the finding 14% 14% 11% 7% 7%

Account ended the year with a negative balance

Year 2020 2019 2018 2017 2016
Number of schools with the finding 1 1 3 2 2
Percentage of schools with the finding 1% 1% 4% 3% 3%

Failure to obtain cooperative organization report or cooperative organization was not properly formed

Year 2020 2019 2018 2017 2016
Number of schools with the finding 6 4 2 2 2
Percentage of schools with the finding 7% 4% 3% 3% 3%

Totals

Year 2020 2019 2018 2017 2016
Total Number of findings 58 59 71 46 61
Total Number of Schools with Internal Funds 92 91 91 91 91