FAC Explorer

Audit 19103

FY End
2022-06-30
Total Expended
$758,033
Findings
4
Programs
9
Organization: Iowa Valley Community School District (IA)
Year: 2022 Accepted: 2023-03-27
Auditor: Kay L Chapman CPA PC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
21420 2022-004 Material Weakness Yes BL
21421 2022-004 Material Weakness Yes BL
597862 2022-004 Material Weakness Yes BL
597863 2022-004 Material Weakness Yes BL

Programs

ALN Program Spent Major Findings
10.555 National School Lunch Program $370,050 Yes 1
84.425 Education Stabilization Fund $138,445 - 0
10.553 School Breakfast Program $59,810 Yes 1
84.358 Rural Education $41,712 - 0
84.027 Special Education_grants to States $23,942 - 0
84.424 Student Support and Academic Enrichment Program $10,000 - 0
84.367 Improving Teacher Quality State Grants $9,660 - 0
84.048 Career and Technical Education -- Basic Grants to States $5,055 - 0
84.010 Title I Grants to Local Educational Agencies $4,903 - 0

Contacts

Name Title Type
CM6XNJFTLGX9 Wendy Ayers Auditee
3196427714 Kay L Chapman Auditor
No contacts on file

Notes to SEFA

Accounting Policies: Expenditures reported in the Schedule are reported on the accrual or modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: Y Rate Explanation: The auditee used the de minimis cost rate.

Finding Details

Finding 2022-004
The District did not properly segregate custody, recordkeeping and reconciling functions for revenues and expenditures, including those related to federal programs.
Finding 2022-004
The District did not properly segregate custody, recordkeeping and reconciling functions for revenues and expenditures, including those related to federal programs.
Finding 2022-004
The District did not properly segregate custody, recordkeeping and reconciling functions for revenues and expenditures, including those related to federal programs.
Finding 2022-004
The District did not properly segregate custody, recordkeeping and reconciling functions for revenues and expenditures, including those related to federal programs.