FAC Explorer

Audit 15625

FY End
2023-06-30
Total Expended
$1.03M
Findings
6
Programs
12
Organization: Mount Ayr Community School District (IA)
Year: 2023 Accepted: 2024-02-05
Auditor: Van Maanen Sietstra Meyer & Nikkel PC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
11790 2023-001 Material Weakness - P
11791 2023-001 Material Weakness - P
11792 2023-001 Material Weakness Yes P
588232 2023-001 Material Weakness - P
588233 2023-001 Material Weakness - P
588234 2023-001 Material Weakness Yes P

Programs

ALN Program Spent Major Findings
84.425 Education Stabilization Fund $355,977 Yes 1
10.555 National School Lunch Program $302,701 Yes 1
84.010 Title I Grants to Local Educational Agencies $159,232 - 0
10.553 School Breakfast Program $108,498 Yes 1
84.367 Improving Teacher Quality State Grants $30,861 - 0
84.027 Special Education_grants to States $27,221 - 0
84.358 Rural Education $21,038 - 0
84.424 Student Support and Academic Enrichment Program $10,244 - 0
84.048 Career and Technical Education -- Basic Grants to States $5,734 - 0
16.839 Stop School Violence $4,602 - 0
10.579 Child Nutrition Discretionary Grants Limited Availability $4,000 - 0
21.027 Coronavirus State and Local Fiscal Recovery Funds $2,360 - 0

Contacts

Name Title Type
U9TLGCYB8927 Stephanie Newton Auditee
6414640504 David Sietstra Auditor
No contacts on file

Notes to SEFA

Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (Schedule) includes the federal award activity of the Mount Ayr Community School District under programs of the federal government for the year ended June 30, 2023. The information in this Schedule is presented in accordance with the requirements of Title 2, U.S. Code of Federal Regulations, Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Mount Ayr Community School District, it is not intended to and does not present the financial position, changes in financial condition or cash flows of Mount Ayr Community School District. Expenditures reported in the Schedule are reported on the accrual or modified accrual basis of accounting. Such expenditures are recognized following the const principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited to reimbursement. De Minimis Rate Used: N Rate Explanation: Mount Ayr Community School District uses a federally negotiated indirect cost rate as allowed under the Uniform Guidance.

Finding Details

Finding 2023-001
Segregation of Duties- The limited number of office personnel prevents a proper segregation of accounting functions necessary to assure adequate internal control. This is not unusual in Districts your size, but the Board should constantly be aware of this condition and realize that concentration of duties and responsibilities in a limited number of individuals is not desirable from a control point of view. Under these conditions, the most effective controls lie in the Board’s knowledge of matters relating to the District’s operations. Recommendation- We realize that with a limited number of office employees, segregation of duties is difficult. However, the District should review its procedures to obtain the maximum internal control possible under the circumstances. Response- We will continue to review our procedures and implement additional controls where possible. Conclusion- Response accepted.
Finding 2023-001
Segregation of Duties- The limited number of office personnel prevents a proper segregation of accounting functions necessary to assure adequate internal control. This is not unusual in Districts your size, but the Board should constantly be aware of this condition and realize that concentration of duties and responsibilities in a limited number of individuals is not desirable from a control point of view. Under these conditions, the most effective controls lie in the Board’s knowledge of matters relating to the District’s operations. Recommendation- We realize that with a limited number of office employees, segregation of duties is difficult. However, the District should review its procedures to obtain the maximum internal control possible under the circumstances. Response- We will continue to review our procedures and implement additional controls where possible. Conclusion- Response accepted.
Finding 2023-001
Segregation of Duties- The limited number of office personnel prevents a proper segregation of accounting functions necessary to assure adequate internal control. This is not unusual in Districts your size, but the Board should constantly be aware of this condition and realize that concentration of duties and responsibilities in a limited number of individuals is not desirable from a control point of view. Under these conditions, the most effective controls lie in the Board’s knowledge of matters relating to the District’s operations. Recommendation- We realize that with a limited number of office employees, segregation of duties is difficult. However, the District should review its procedures to obtain the maximum internal control possible under the circumstances. Response- We will continue to review our procedures and implement additional controls where possible. Conclusion- Response accepted.
Finding 2023-001
Segregation of Duties- The limited number of office personnel prevents a proper segregation of accounting functions necessary to assure adequate internal control. This is not unusual in Districts your size, but the Board should constantly be aware of this condition and realize that concentration of duties and responsibilities in a limited number of individuals is not desirable from a control point of view. Under these conditions, the most effective controls lie in the Board’s knowledge of matters relating to the District’s operations. Recommendation- We realize that with a limited number of office employees, segregation of duties is difficult. However, the District should review its procedures to obtain the maximum internal control possible under the circumstances. Response- We will continue to review our procedures and implement additional controls where possible. Conclusion- Response accepted.
Finding 2023-001
Segregation of Duties- The limited number of office personnel prevents a proper segregation of accounting functions necessary to assure adequate internal control. This is not unusual in Districts your size, but the Board should constantly be aware of this condition and realize that concentration of duties and responsibilities in a limited number of individuals is not desirable from a control point of view. Under these conditions, the most effective controls lie in the Board’s knowledge of matters relating to the District’s operations. Recommendation- We realize that with a limited number of office employees, segregation of duties is difficult. However, the District should review its procedures to obtain the maximum internal control possible under the circumstances. Response- We will continue to review our procedures and implement additional controls where possible. Conclusion- Response accepted.
Finding 2023-001
Segregation of Duties- The limited number of office personnel prevents a proper segregation of accounting functions necessary to assure adequate internal control. This is not unusual in Districts your size, but the Board should constantly be aware of this condition and realize that concentration of duties and responsibilities in a limited number of individuals is not desirable from a control point of view. Under these conditions, the most effective controls lie in the Board’s knowledge of matters relating to the District’s operations. Recommendation- We realize that with a limited number of office employees, segregation of duties is difficult. However, the District should review its procedures to obtain the maximum internal control possible under the circumstances. Response- We will continue to review our procedures and implement additional controls where possible. Conclusion- Response accepted.