FAC Explorer

Audit 21876

FY End
2022-06-30
Total Expended
$1.34M
Findings
8
Programs
8
Organization: East Sac County Community School District (IA)
Year: 2022 Accepted: 2023-03-08
Auditor: Kay Chapman CPA PC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
22526 2022-002 Material Weakness Yes BL
22527 2022-001 Material Weakness Yes BL
22528 2022-002 - Yes BL
22529 2022-001 - Yes BL
598968 2022-002 Material Weakness Yes BL
598969 2022-001 Material Weakness Yes BL
598970 2022-002 - Yes BL
598971 2022-001 - Yes BL

Programs

ALN Program Spent Major Findings
10.555 National School Lunch Program $496,858 Yes 2
84.425 Education Stabilization Fund $312,565 - 0
10.553 School Breakfast Program $186,321 Yes 2
84.010 Title I Grants to Local Educational Agencies $68,499 - 0
84.027 Special Education_grants to States $39,213 - 0
84.367 Improving Teacher Quality State Grants $31,095 - 0
84.048 Career and Technical Education -- Basic Grants to States $11,732 - 0
84.424 Student Support and Academic Enrichment Program $10,000 - 0

Contacts

Name Title Type
N1BZL524HDL9 John Kraft Auditee
7126655000 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 2022-002
I noted that the District uses a signature stamp for the signature of the Board President on checks. This stamp is accessible to the Board Secretary. The practice of having the signature stamp assessible to the Board Secretary negates the internal control procedure established by requiring two signatures on checks.
Finding 2022-001
I noted that the same individual performed the following duties: recording and processing of cash receipts, preparing checks and bank reconciliations, preparation of journals and general financial information for ledger posting, and the analysis of financial information.
Finding 2022-002
I noted that the District uses a signature stamp for the signature of the Board President on checks. This stamp is accessible to the Board Secretary. The practice of having the signature stamp assessible to the Board Secretary negates the internal control procedure established by requiring two signatures on checks.
Finding 2022-001
I noted that the same individual performed the following duties: recording and processing of cash receipts, preparing checks and bank reconciliations, preparation of journals and general financial information for ledger posting, and the analysis of financial information.
Finding 2022-002
I noted that the District uses a signature stamp for the signature of the Board President on checks. This stamp is accessible to the Board Secretary. The practice of having the signature stamp assessible to the Board Secretary negates the internal control procedure established by requiring two signatures on checks.
Finding 2022-001
I noted that the same individual performed the following duties: recording and processing of cash receipts, preparing checks and bank reconciliations, preparation of journals and general financial information for ledger posting, and the analysis of financial information.
Finding 2022-002
I noted that the District uses a signature stamp for the signature of the Board President on checks. This stamp is accessible to the Board Secretary. The practice of having the signature stamp assessible to the Board Secretary negates the internal control procedure established by requiring two signatures on checks.
Finding 2022-001
I noted that the same individual performed the following duties: recording and processing of cash receipts, preparing checks and bank reconciliations, preparation of journals and general financial information for ledger posting, and the analysis of financial information.