FAC Explorer

Audit 31563

FY End
2022-06-30
Total Expended
$1.18M
Findings
2
Programs
9
Organization: Waco Community School District (IA)
Year: 2022 Accepted: 2023-03-21
Auditor: Kay Chapman CPA PC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
31065 2022-003 Material Weakness Yes BL
607507 2022-003 Material Weakness Yes BL

Programs

ALN Program Spent Major Findings
84.425 Education Stabilization Fund $686,105 Yes 1
10.555 National School Lunch Program $279,816 - 0
84.010 Title I Grants to Local Educational Agencies $111,408 - 0
84.358 Rural Education $38,865 - 0
84.027 Special Education_grants to States $22,153 - 0
84.367 Improving Teacher Quality State Grants $16,579 - 0
10.553 School Breakfast Program $10,283 - 0
84.424 Student Support and Academic Enrichment Program $10,000 - 0
84.048 Career and Technical Education -- Basic Grants to States $4,670 - 0

Contacts

Name Title Type
NGCYLUFAA4R1 Carrie Coble Auditee
3192566201 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 2022-003
The District did not properly segregate custody, recordkeeping and reconciling functions for revenues and expenditures, including those related to federal programs
Finding 2022-003
The District did not properly segregate custody, recordkeeping and reconciling functions for revenues and expenditures, including those related to federal programs