FAC Explorer

Audit 327372

FY End
2024-08-31
Total Expended
$950,820
Findings
10
Programs
10
Organization: Mitchell Public Schools (NE)
Year: 2024 Accepted: 2024-11-05
Auditor: Dana F Cole & Company LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
504753 2024-001 Material Weakness Yes P
504754 2024-001 Material Weakness Yes P
504755 2024-001 Material Weakness Yes P
504756 2024-001 Material Weakness Yes P
504757 2024-001 Material Weakness Yes P
1081195 2024-001 Material Weakness Yes P
1081196 2024-001 Material Weakness Yes P
1081197 2024-001 Material Weakness Yes P
1081198 2024-001 Material Weakness Yes P
1081199 2024-001 Material Weakness Yes P

Programs

ALN Program Spent Major Findings
84.425 Education Stabilization Fund $315,667 Yes 1
84.010 Title I Grants to Local Educational Agencies $178,763 - 0
84.027 Special Education Grants to States $137,320 - 0
84.367 Supporting Effective Instruction State Grants (formerly Improving Teacher Quality State Grants) $46,871 - 0
10.553 School Breakfast Program $36,862 Yes 1
10.555 National School Lunch Program $32,051 Yes 1
10.559 Summer Food Service Program for Children $18,082 Yes 1
84.358 Rural Education $13,517 - 0
93.778 Medical Assistance Program $11,648 - 0
84.424 Student Support and Academic Enrichment Program $5,087 - 0

Contacts

Name Title Type
J7UJAXKWTWE7 Dr. Kathy Urbanek Auditee
3086231707 Kevin Sylvester Auditor
No contacts on file

Notes to SEFA

Title: BASIS FOR EXPENDITURES REPORTED Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule), includes the federal award activity of Mitchell Public Schools, Mitchell, Nebraska, under programs of the federal government for the year ended August 31, 2024. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Mitchell Public Schools, Mitchell, Nebraska, it is not intended to and does not present the financial position, changes in net position, or cash flows of Mitchell Public Schools, Mitchell, Nebraska. De Minimis Rate Used: N Rate Explanation: The District does not utilize any indirect cost rate to determine indirect costs. Cash Disbursements - For certain federal programs, the District makes cash disbursements under the federal program specifically identified as federal program costs. For these federal programs, the District reports federal disbursements in the amount of cash disbursed and indirect costs claimed under the federal program. Cash Receipts - For certain federal programs, the District receives payment at specified rates per unit of service rendered or product distributed. For these federal programs, the District reports federal disbursements in the amount of cash received under the federal program. Value of Goods - For certain federal programs, the District receives goods for use. For these federal programs, the District reports disbursements at the value of goods received.
Title: SUBRECIPIENTS Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule), includes the federal award activity of Mitchell Public Schools, Mitchell, Nebraska, under programs of the federal government for the year ended August 31, 2024. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Mitchell Public Schools, Mitchell, Nebraska, it is not intended to and does not present the financial position, changes in net position, or cash flows of Mitchell Public Schools, Mitchell, Nebraska. De Minimis Rate Used: N Rate Explanation: The District does not utilize any indirect cost rate to determine indirect costs. The District disbursed no awards to subrecipients during the year.

Finding Details

Finding 2024-001
Criteria Accounting and financial duties should be segregated to reduce the ability of individuals to both commit and conceal instances of fraud to a low level. Condition and Context Accounting and financial duties are not sufficiently segregated to reduce the risk of fraud to an acceptable low level. Questioned Costs None Cause The District has a limited number of personnel involved in the accounting functions. Potential Effect Improper segregation of duties could cause misstatements caused by error or fraud to occur and not be detected. Recommendation The cost of additional personnel to properly segregate accounting and financial responsibilities would appear to outweigh the benefits received. However, management and the Board of Education should constantly be aware of the possibility that errors or fraud could occur and continue current practices mitigating these possibilities and examine and implement other mitigating controls when appropriate. Views of Responsible Officials and Planned Corrective Action The District understands the inherent risks associated with inadequate segregation of accounting functions. The District requires monthly reporting to the Board of Education and the District superintendent to ensure transactions are recorded, and potential errors and irregularities are identified on a timely basis. The District has implemented procedures to limit the existence of, and mitigate risks associated with, nonsegregated accounting functions. The District has assessed the benefits and costs associated with additional requirements necessary to ensure proper segregation of duties and has determined that cost would outweigh any benefits received.
Finding 2024-001
Criteria Accounting and financial duties should be segregated to reduce the ability of individuals to both commit and conceal instances of fraud to a low level. Condition and Context Accounting and financial duties are not sufficiently segregated to reduce the risk of fraud to an acceptable low level. Questioned Costs None Cause The District has a limited number of personnel involved in the accounting functions. Potential Effect Improper segregation of duties could cause misstatements caused by error or fraud to occur and not be detected. Recommendation The cost of additional personnel to properly segregate accounting and financial responsibilities would appear to outweigh the benefits received. However, management and the Board of Education should constantly be aware of the possibility that errors or fraud could occur and continue current practices mitigating these possibilities and examine and implement other mitigating controls when appropriate. Views of Responsible Officials and Planned Corrective Action The District understands the inherent risks associated with inadequate segregation of accounting functions. The District requires monthly reporting to the Board of Education and the District superintendent to ensure transactions are recorded, and potential errors and irregularities are identified on a timely basis. The District has implemented procedures to limit the existence of, and mitigate risks associated with, nonsegregated accounting functions. The District has assessed the benefits and costs associated with additional requirements necessary to ensure proper segregation of duties and has determined that cost would outweigh any benefits received.
Finding 2024-001
Criteria Accounting and financial duties should be segregated to reduce the ability of individuals to both commit and conceal instances of fraud to a low level. Condition and Context Accounting and financial duties are not sufficiently segregated to reduce the risk of fraud to an acceptable low level. Questioned Costs None Cause The District has a limited number of personnel involved in the accounting functions. Potential Effect Improper segregation of duties could cause misstatements caused by error or fraud to occur and not be detected. Recommendation The cost of additional personnel to properly segregate accounting and financial responsibilities would appear to outweigh the benefits received. However, management and the Board of Education should constantly be aware of the possibility that errors or fraud could occur and continue current practices mitigating these possibilities and examine and implement other mitigating controls when appropriate. Views of Responsible Officials and Planned Corrective Action The District understands the inherent risks associated with inadequate segregation of accounting functions. The District requires monthly reporting to the Board of Education and the District superintendent to ensure transactions are recorded, and potential errors and irregularities are identified on a timely basis. The District has implemented procedures to limit the existence of, and mitigate risks associated with, nonsegregated accounting functions. The District has assessed the benefits and costs associated with additional requirements necessary to ensure proper segregation of duties and has determined that cost would outweigh any benefits received.
Finding 2024-001
Criteria Accounting and financial duties should be segregated to reduce the ability of individuals to both commit and conceal instances of fraud to a low level. Condition and Context Accounting and financial duties are not sufficiently segregated to reduce the risk of fraud to an acceptable low level. Questioned Costs None Cause The District has a limited number of personnel involved in the accounting functions. Potential Effect Improper segregation of duties could cause misstatements caused by error or fraud to occur and not be detected. Recommendation The cost of additional personnel to properly segregate accounting and financial responsibilities would appear to outweigh the benefits received. However, management and the Board of Education should constantly be aware of the possibility that errors or fraud could occur and continue current practices mitigating these possibilities and examine and implement other mitigating controls when appropriate. Views of Responsible Officials and Planned Corrective Action The District understands the inherent risks associated with inadequate segregation of accounting functions. The District requires monthly reporting to the Board of Education and the District superintendent to ensure transactions are recorded, and potential errors and irregularities are identified on a timely basis. The District has implemented procedures to limit the existence of, and mitigate risks associated with, nonsegregated accounting functions. The District has assessed the benefits and costs associated with additional requirements necessary to ensure proper segregation of duties and has determined that cost would outweigh any benefits received.
Finding 2024-001
Criteria Accounting and financial duties should be segregated to reduce the ability of individuals to both commit and conceal instances of fraud to a low level. Condition and Context Accounting and financial duties are not sufficiently segregated to reduce the risk of fraud to an acceptable low level. Questioned Costs None Cause The District has a limited number of personnel involved in the accounting functions. Potential Effect Improper segregation of duties could cause misstatements caused by error or fraud to occur and not be detected. Recommendation The cost of additional personnel to properly segregate accounting and financial responsibilities would appear to outweigh the benefits received. However, management and the Board of Education should constantly be aware of the possibility that errors or fraud could occur and continue current practices mitigating these possibilities and examine and implement other mitigating controls when appropriate. Views of Responsible Officials and Planned Corrective Action The District understands the inherent risks associated with inadequate segregation of accounting functions. The District requires monthly reporting to the Board of Education and the District superintendent to ensure transactions are recorded, and potential errors and irregularities are identified on a timely basis. The District has implemented procedures to limit the existence of, and mitigate risks associated with, nonsegregated accounting functions. The District has assessed the benefits and costs associated with additional requirements necessary to ensure proper segregation of duties and has determined that cost would outweigh any benefits received.
Finding 2024-001
Criteria Accounting and financial duties should be segregated to reduce the ability of individuals to both commit and conceal instances of fraud to a low level. Condition and Context Accounting and financial duties are not sufficiently segregated to reduce the risk of fraud to an acceptable low level. Questioned Costs None Cause The District has a limited number of personnel involved in the accounting functions. Potential Effect Improper segregation of duties could cause misstatements caused by error or fraud to occur and not be detected. Recommendation The cost of additional personnel to properly segregate accounting and financial responsibilities would appear to outweigh the benefits received. However, management and the Board of Education should constantly be aware of the possibility that errors or fraud could occur and continue current practices mitigating these possibilities and examine and implement other mitigating controls when appropriate. Views of Responsible Officials and Planned Corrective Action The District understands the inherent risks associated with inadequate segregation of accounting functions. The District requires monthly reporting to the Board of Education and the District superintendent to ensure transactions are recorded, and potential errors and irregularities are identified on a timely basis. The District has implemented procedures to limit the existence of, and mitigate risks associated with, nonsegregated accounting functions. The District has assessed the benefits and costs associated with additional requirements necessary to ensure proper segregation of duties and has determined that cost would outweigh any benefits received.
Finding 2024-001
Criteria Accounting and financial duties should be segregated to reduce the ability of individuals to both commit and conceal instances of fraud to a low level. Condition and Context Accounting and financial duties are not sufficiently segregated to reduce the risk of fraud to an acceptable low level. Questioned Costs None Cause The District has a limited number of personnel involved in the accounting functions. Potential Effect Improper segregation of duties could cause misstatements caused by error or fraud to occur and not be detected. Recommendation The cost of additional personnel to properly segregate accounting and financial responsibilities would appear to outweigh the benefits received. However, management and the Board of Education should constantly be aware of the possibility that errors or fraud could occur and continue current practices mitigating these possibilities and examine and implement other mitigating controls when appropriate. Views of Responsible Officials and Planned Corrective Action The District understands the inherent risks associated with inadequate segregation of accounting functions. The District requires monthly reporting to the Board of Education and the District superintendent to ensure transactions are recorded, and potential errors and irregularities are identified on a timely basis. The District has implemented procedures to limit the existence of, and mitigate risks associated with, nonsegregated accounting functions. The District has assessed the benefits and costs associated with additional requirements necessary to ensure proper segregation of duties and has determined that cost would outweigh any benefits received.
Finding 2024-001
Criteria Accounting and financial duties should be segregated to reduce the ability of individuals to both commit and conceal instances of fraud to a low level. Condition and Context Accounting and financial duties are not sufficiently segregated to reduce the risk of fraud to an acceptable low level. Questioned Costs None Cause The District has a limited number of personnel involved in the accounting functions. Potential Effect Improper segregation of duties could cause misstatements caused by error or fraud to occur and not be detected. Recommendation The cost of additional personnel to properly segregate accounting and financial responsibilities would appear to outweigh the benefits received. However, management and the Board of Education should constantly be aware of the possibility that errors or fraud could occur and continue current practices mitigating these possibilities and examine and implement other mitigating controls when appropriate. Views of Responsible Officials and Planned Corrective Action The District understands the inherent risks associated with inadequate segregation of accounting functions. The District requires monthly reporting to the Board of Education and the District superintendent to ensure transactions are recorded, and potential errors and irregularities are identified on a timely basis. The District has implemented procedures to limit the existence of, and mitigate risks associated with, nonsegregated accounting functions. The District has assessed the benefits and costs associated with additional requirements necessary to ensure proper segregation of duties and has determined that cost would outweigh any benefits received.
Finding 2024-001
Criteria Accounting and financial duties should be segregated to reduce the ability of individuals to both commit and conceal instances of fraud to a low level. Condition and Context Accounting and financial duties are not sufficiently segregated to reduce the risk of fraud to an acceptable low level. Questioned Costs None Cause The District has a limited number of personnel involved in the accounting functions. Potential Effect Improper segregation of duties could cause misstatements caused by error or fraud to occur and not be detected. Recommendation The cost of additional personnel to properly segregate accounting and financial responsibilities would appear to outweigh the benefits received. However, management and the Board of Education should constantly be aware of the possibility that errors or fraud could occur and continue current practices mitigating these possibilities and examine and implement other mitigating controls when appropriate. Views of Responsible Officials and Planned Corrective Action The District understands the inherent risks associated with inadequate segregation of accounting functions. The District requires monthly reporting to the Board of Education and the District superintendent to ensure transactions are recorded, and potential errors and irregularities are identified on a timely basis. The District has implemented procedures to limit the existence of, and mitigate risks associated with, nonsegregated accounting functions. The District has assessed the benefits and costs associated with additional requirements necessary to ensure proper segregation of duties and has determined that cost would outweigh any benefits received.
Finding 2024-001
Criteria Accounting and financial duties should be segregated to reduce the ability of individuals to both commit and conceal instances of fraud to a low level. Condition and Context Accounting and financial duties are not sufficiently segregated to reduce the risk of fraud to an acceptable low level. Questioned Costs None Cause The District has a limited number of personnel involved in the accounting functions. Potential Effect Improper segregation of duties could cause misstatements caused by error or fraud to occur and not be detected. Recommendation The cost of additional personnel to properly segregate accounting and financial responsibilities would appear to outweigh the benefits received. However, management and the Board of Education should constantly be aware of the possibility that errors or fraud could occur and continue current practices mitigating these possibilities and examine and implement other mitigating controls when appropriate. Views of Responsible Officials and Planned Corrective Action The District understands the inherent risks associated with inadequate segregation of accounting functions. The District requires monthly reporting to the Board of Education and the District superintendent to ensure transactions are recorded, and potential errors and irregularities are identified on a timely basis. The District has implemented procedures to limit the existence of, and mitigate risks associated with, nonsegregated accounting functions. The District has assessed the benefits and costs associated with additional requirements necessary to ensure proper segregation of duties and has determined that cost would outweigh any benefits received.