FAC Explorer

Audit 333159

FY End
2023-06-30
Total Expended
$757,128
Findings
6
Programs
9
Organization: Exira-Elk Horn-Kimballton Community School District (IA)
Year: 2023 Accepted: 2024-12-17
Auditor: Nolte Cornman & Johnson PC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
515129 2023-002 Material Weakness - ABFL
515130 2023-002 Material Weakness - ABFL
515131 2023-002 Material Weakness - ABFL
1091571 2023-002 Material Weakness - ABFL
1091572 2023-002 Material Weakness - ABFL
1091573 2023-002 Material Weakness - ABFL

Programs

ALN Program Spent Major Findings
10.555 National School Lunch Program $179,839 - 0
84.010 Title I Grants to Local Educational Agencies $74,571 - 0
10.553 School Breakfast Program $45,306 - 0
84.027 Special Education_grants to States $19,430 - 0
84.358 Rural Education $14,712 - 0
84.367 Improving Teacher Quality State Grants $13,016 - 0
84.424 Student Support and Academic Enrichment Program $10,000 - 0
84.425 Education Stabilization Fund $6,591 Yes 1
84.048 Career and Technical Education -- Basic Grants to States $5,852 - 0

Contacts

Name Title Type
KRJHUJSZJS15 Carla Christensen Auditee
7127644616 Nancy Janssen Auditor
No contacts on file

Notes to SEFA

Title: Basis of Presentation 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: The auditee did not use the de minimis cost rate. The accompanying Schedule of Expenditures of Federal Awards (Schedule) includes the federal award activity of Exira-Elk Horn-Kimballton Community School District under programs of the federal government for the year ended June 30, 2023. The information in this Schedule is presented in accordance with the requirements of Title 2, U.S. Code of Federal Regulations, 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 Exira-Elk Horn-Kimballton Community School District, it is not intended to and does not present the financial position, changes in financial position or cash flows of Exira-Elk Horn-Kimballton Community School District.
Title: Subrecipients 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: The auditee did not use the de minimis cost rate. No federal expenditures presented in this Schedule were provided to subrecipients.

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 one individual has control over portions of one or more of the following areas for the District relating to major federal programs; cash, investments, inventories, receipts, disbursements, capital assets, payroll, wire transfers, journal entries and school lunch program. 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 one individual has control over portions of one or more of the following areas for the District relating to major federal programs; cash, investments, inventories, receipts, disbursements, capital assets, payroll, wire transfers, journal entries and school lunch program. 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 one individual has control over portions of one or more of the following areas for the District relating to major federal programs; cash, investments, inventories, receipts, disbursements, capital assets, payroll, wire transfers, journal entries and school lunch program. 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 one individual has control over portions of one or more of the following areas for the District relating to major federal programs; cash, investments, inventories, receipts, disbursements, capital assets, payroll, wire transfers, journal entries and school lunch program. 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 one individual has control over portions of one or more of the following areas for the District relating to major federal programs; cash, investments, inventories, receipts, disbursements, capital assets, payroll, wire transfers, journal entries and school lunch program. 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 one individual has control over portions of one or more of the following areas for the District relating to major federal programs; cash, investments, inventories, receipts, disbursements, capital assets, payroll, wire transfers, journal entries and school lunch program. See finding 2023-001.