Updated Lincoln-Way 210 StatementFriday, August 23, 2019
While following established procedures for the development of the annual budget, Lincoln-Way 210 administration identified inconsistencies in certain revenue accounts in the Lincoln-Way Athletic Department. The administration notified Sikich, the District’s independent inspector general, who began an investigation into the handling of sporting event gate receipts. District administration assisted in the investigation which occurred from May 7, 2019 to June 19, 2019, with a final report submitted to the Board of Education on July 19, 2019. It was determined that while cash handling procedures needed to be improved, there did not appear to be any fraud related to the original concern. Since completing the initial investigation, Sikich has been working with the District’s business office, providing recommendations to enhance cash management controls. The District’s business office is implementing these recommendations. Additionally, it should be noted that that the Board approved the recommendation of the administration to contract with Sikich to assist the District in developing a comprehensive accounting policies and procedures manual on December 13, 2018. That work was well underway at the time of the report.
On August 5, 2019, the Lincoln-Way Central Athletic Boosters Club treasurer contacted bookkeeping to inquire about their current account balance. The balance recorded in the District’s Student Activity Fund did not match the Booster Club records. On August 6, 2019, the Booster Club provided the administration their records dating back several years. District administration identified discrepancies involving Booster Club deposits over the past three years. All records were turned over to Will County detectives that day. The District cannot discuss this case any further as the criminal investigation is on-going.