FAC Explorer

Audit 323769

FY End
2023-06-30
Total Expended
$1.05M
Findings
4
Programs
11
Organization: Missouri Valley Community School District (IA)
Year: 2023 Accepted: 2024-10-03
Auditor: Nolte Cornman & Johnson

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
501698 2023-002 Material Weakness Yes ABFL
501699 2023-002 Material Weakness Yes ABFL
1078140 2023-002 Material Weakness Yes ABFL
1078141 2023-002 Material Weakness Yes ABFL

Programs

ALN Program Spent Major Findings
10.555 National School Lunch Program $283,818 - 0
84.010 Title I Grants to Local Educational Agencies $122,572 - 0
10.553 School Breakfast Program $53,460 - 0
84.027 Special Education Grants to States $36,187 - 0
84.367 Supporting Effective Instruction State Grants (formerly Improving Teacher Quality State Grants) $22,128 - 0
84.425 Education Stabilization Fund $17,893 Yes 1
84.424 Student Support and Academic Enrichment Program $10,000 - 0
84.048 Career and Technical Education -- Basic Grants to States $2,801 - 0
16.839 Stop School Violence $1,734 - 0
10.185 Local Food for Schools Cooperative Agreement Program $760 - 0
10.559 Summer Food Service Program for Children $551 - 0

Contacts

Name Title Type
HXD7AMTUZMK7 Ashley Anderson Auditee
7126422706 Nancy Janssen 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: N Rate Explanation: Missouri Valley Community School District did not elect to use a federally negotiated indirect cost rate as allowed under the Uniform Guidance.

Finding Details

Finding 2023-002
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 a limited number of individuals have control over portions of one or more of the following areas for the District relating to major federal programs; cash, disbursements, inventories, payroll, receipts, financial reporting, school nutrition program and journal entries. See finding 2023-001.
Finding 2023-002
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 a limited number of individuals have control over portions of one or more of the following areas for the District relating to major federal programs; cash, disbursements, inventories, payroll, receipts, financial reporting, school nutrition program and journal entries. See finding 2023-001.
Finding 2023-002
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 a limited number of individuals have control over portions of one or more of the following areas for the District relating to major federal programs; cash, disbursements, inventories, payroll, receipts, financial reporting, school nutrition program and journal entries. See finding 2023-001.
Finding 2023-002
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 a limited number of individuals have control over portions of one or more of the following areas for the District relating to major federal programs; cash, disbursements, inventories, payroll, receipts, financial reporting, school nutrition program and journal entries. See finding 2023-001.