One important aspect of the internal control structure is the segregation of duties among employees to prevent an individual employee from handling duties which are incompatible. We noted one individual has control over portions of one or more of the following areas for the District relating to major federal programs; cash, receipts, disbursements, payroll, financial reporting, computer systems, school lunch program and journal entries. See finding 2022-001.
The District’s financial statements required material adjustments to accounts receivable as well as revenue recognition of federal awards. See finding 2022-002.
Bank reconciliations included several items no longer outstanding and other items not recorded in a timely manner giving the appearance bank reconciliations may not be completed each month. See finding 2022-003.
An approved contract, signed by the employee and board president, was not maintained as supporting documentation. See finding 2022-004.
One important aspect of the internal control structure is the segregation of duties among employees to prevent an individual employee from handling duties which are incompatible. We noted one individual has control over portions of one or more of the following areas for the District relating to major federal programs; cash, receipts, disbursements, payroll, financial reporting, computer systems, school lunch program and journal entries. See finding 2022-001.
The District’s financial statements required material adjustments to accounts receivable as well as revenue recognition of federal awards. See finding 2022-002.
Bank reconciliations included several items no longer outstanding and other items not recorded in a timely manner giving the appearance bank reconciliations may not be completed each month. See finding 2022-003.
An approved contract, signed by the employee and board president, was not maintained as supporting documentation. See finding 2022-004.
One important aspect of the internal control structure is the segregation of duties among employees to prevent an individual employee from handling duties which are incompatible. We noted one individual has control over portions of one or more of the following areas for the District relating to major federal programs; cash, receipts, disbursements, payroll, financial reporting, computer systems, school lunch program and journal entries. See finding 2022-001.
The District’s financial statements required material adjustments to accounts receivable as well as revenue recognition of federal awards. See finding 2022-002.
Bank reconciliations included several items no longer outstanding and other items not recorded in a timely manner giving the appearance bank reconciliations may not be completed each month. See finding 2022-003.
An approved contract, signed by the employee and board president, was not maintained as supporting documentation. See finding 2022-004.
One important aspect of the internal control structure is the segregation of duties among employees to prevent an individual employee from handling duties which are incompatible. We noted one individual has control over portions of one or more of the following areas for the District relating to major federal programs; cash, receipts, disbursements, payroll, financial reporting, computer systems, school lunch program and journal entries. See finding 2022-001.
The District’s financial statements required material adjustments to accounts receivable as well as revenue recognition of federal awards. See finding 2022-002.
Bank reconciliations included several items no longer outstanding and other items not recorded in a timely manner giving the appearance bank reconciliations may not be completed each month. See finding 2022-003.
An approved contract, signed by the employee and board president, was not maintained as supporting documentation. See finding 2022-004.
One important aspect of the internal control structure is the segregation of duties among employees to prevent an individual employee from handling duties which are incompatible. We noted one individual has control over portions of one or more of the following areas for the District relating to major federal programs; cash, receipts, disbursements, payroll, financial reporting, computer systems, school lunch program and journal entries. See finding 2022-001.
The District’s financial statements required material adjustments to accounts receivable as well as revenue recognition of federal awards. See finding 2022-002.
Bank reconciliations included several items no longer outstanding and other items not recorded in a timely manner giving the appearance bank reconciliations may not be completed each month. See finding 2022-003.
An approved contract, signed by the employee and board president, was not maintained as supporting documentation. See finding 2022-004.
One important aspect of the internal control structure is the segregation of duties among employees to prevent an individual employee from handling duties which are incompatible. We noted one individual has control over portions of one or more of the following areas for the District relating to major federal programs; cash, receipts, disbursements, payroll, financial reporting, computer systems, school lunch program and journal entries. See finding 2022-001.
The District’s financial statements required material adjustments to accounts receivable as well as revenue recognition of federal awards. See finding 2022-002.
Bank reconciliations included several items no longer outstanding and other items not recorded in a timely manner giving the appearance bank reconciliations may not be completed each month. See finding 2022-003.
An approved contract, signed by the employee and board president, was not maintained as supporting documentation. See finding 2022-004.