FAC Explorer

Audit 341382

FY End
2024-06-30
Total Expended
$7.54M
Findings
22
Programs
15
Organization: Storm Lake Community School District (IA)
Year: 2024 Accepted: 2025-02-05
Auditor: Cornwell Frideres Maher & Associates P L C

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
522162 2024-003 Material Weakness Yes ABEILN
522163 2024-003 Material Weakness Yes ABEILN
522164 2024-003 Material Weakness Yes ABEILN
522165 2024-003 Material Weakness Yes ABEILN
522166 2024-003 Material Weakness Yes ABEILN
522167 2024-003 Material Weakness Yes ABEGMN
522168 2024-003 Material Weakness Yes ABFGLMN
522169 2024-003 Material Weakness Yes ABFGLMN
522170 2024-003 Material Weakness Yes ABFGLMN
522171 2024-003 Material Weakness Yes ABFGLMN
522172 2024-003 Material Weakness Yes ABFGLMN
1098604 2024-003 Material Weakness Yes ABEILN
1098605 2024-003 Material Weakness Yes ABEILN
1098606 2024-003 Material Weakness Yes ABEILN
1098607 2024-003 Material Weakness Yes ABEILN
1098608 2024-003 Material Weakness Yes ABEILN
1098609 2024-003 Material Weakness Yes ABEGMN
1098610 2024-003 Material Weakness Yes ABFGLMN
1098611 2024-003 Material Weakness Yes ABFGLMN
1098612 2024-003 Material Weakness Yes ABFGLMN
1098613 2024-003 Material Weakness Yes ABFGLMN
1098614 2024-003 Material Weakness Yes ABFGLMN

Programs

ALN Program Spent Major Findings
84.010 Title I Grants to Local Educational Agencies $1.16M Yes 1
84.011 Migrant Education State Grant Program $447,014 - 0
10.553 School Breakfast Program $299,775 Yes 1
84.287 Twenty-First Century Community Learning Centers $208,512 - 0
84.027 Special Education Grants to States $137,085 - 0
10.555 National School Lunch Program $92,158 Yes 1
84.424 Student Support and Academic Enrichment Program $79,513 - 0
84.367 Supporting Effective Instruction State Grants (formerly Improving Teacher Quality State Grants) $75,630 - 0
84.365 English Language Acquisition State Grants $74,611 - 0
10.582 Fresh Fruit and Vegetable Program $67,941 Yes 1
10.559 Summer Food Service Program for Children $49,382 Yes 1
84.334 Gaining Early Awareness and Readiness for Undergraduate Programs $38,850 - 0
84.397 Gaining Early Awreness and Readiness for Undergraduate Program $30,565 - 0
84.048 Career and Technical Education -- Basic Grants to States $19,243 - 0
84.425 Education Stabilization Fund $6,223 Yes 1

Contacts

Name Title Type
LDVNJCNPHL29 Trudy Pedersen Auditee
7127328060 Duaine Fehlhafer 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: Y Rate Explanation: THE AUDITEE USED THE DE MINIMIS COST RATE The accompanying Schedule of Expenditures of Federal Awards (Schedule) includes the federal award activity of Storm Lake Community School District under programs of the federal government for the year ended June 30, 2024. 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 Storm Lake Community School District, it is not intended to and does not present the financial position, changes in financial position or cash flows of Storm Lake Community School District.

Finding Details

Finding 2024-003
SEGREGATION OF DUTIES - THE DISTRICT DID NOT PROPERLY SEGERGATE CUSTODY, RECORD-KEEPING AND RECONCILING FUNCTIONS, INCLUDING THOSE RELATED TO FEDERAL PROGRAMS. SEE 2024-001.
Finding 2024-003
SEGREGATION OF DUTIES - THE DISTRICT DID NOT PROPERLY SEGERGATE CUSTODY, RECORD-KEEPING AND RECONCILING FUNCTIONS, INCLUDING THOSE RELATED TO FEDERAL PROGRAMS. SEE 2024-001.
Finding 2024-003
SEGREGATION OF DUTIES - THE DISTRICT DID NOT PROPERLY SEGERGATE CUSTODY, RECORD-KEEPING AND RECONCILING FUNCTIONS, INCLUDING THOSE RELATED TO FEDERAL PROGRAMS. SEE 2024-001.
Finding 2024-003
SEGREGATION OF DUTIES - THE DISTRICT DID NOT PROPERLY SEGERGATE CUSTODY, RECORD-KEEPING AND RECONCILING FUNCTIONS, INCLUDING THOSE RELATED TO FEDERAL PROGRAMS. SEE 2024-001.
Finding 2024-003
SEGREGATION OF DUTIES - THE DISTRICT DID NOT PROPERLY SEGERGATE CUSTODY, RECORD-KEEPING AND RECONCILING FUNCTIONS, INCLUDING THOSE RELATED TO FEDERAL PROGRAMS. SEE 2024-001.
Finding 2024-003
SEGREGATION OF DUTIES - THE DISTRICT DID NOT PROPERLY SEGERGATE CUSTODY, RECORD-KEEPING AND RECONCILING FUNCTIONS, INCLUDING THOSE RELATED TO FEDERAL PROGRAMS. SEE 2024-001.
Finding 2024-003
SEGREGATION OF DUTIES - THE DISTRICT DID NOT PROPERLY SEGERGATE CUSTODY, RECORD-KEEPING AND RECONCILING FUNCTIONS, INCLUDING THOSE RELATED TO FEDERAL PROGRAMS. SEE 2024-001.
Finding 2024-003
SEGREGATION OF DUTIES - THE DISTRICT DID NOT PROPERLY SEGERGATE CUSTODY, RECORD-KEEPING AND RECONCILING FUNCTIONS, INCLUDING THOSE RELATED TO FEDERAL PROGRAMS. SEE 2024-001.
Finding 2024-003
SEGREGATION OF DUTIES - THE DISTRICT DID NOT PROPERLY SEGERGATE CUSTODY, RECORD-KEEPING AND RECONCILING FUNCTIONS, INCLUDING THOSE RELATED TO FEDERAL PROGRAMS. SEE 2024-001.
Finding 2024-003
SEGREGATION OF DUTIES - THE DISTRICT DID NOT PROPERLY SEGERGATE CUSTODY, RECORD-KEEPING AND RECONCILING FUNCTIONS, INCLUDING THOSE RELATED TO FEDERAL PROGRAMS. SEE 2024-001.
Finding 2024-003
SEGREGATION OF DUTIES - THE DISTRICT DID NOT PROPERLY SEGERGATE CUSTODY, RECORD-KEEPING AND RECONCILING FUNCTIONS, INCLUDING THOSE RELATED TO FEDERAL PROGRAMS. SEE 2024-001.
Finding 2024-003
SEGREGATION OF DUTIES - THE DISTRICT DID NOT PROPERLY SEGERGATE CUSTODY, RECORD-KEEPING AND RECONCILING FUNCTIONS, INCLUDING THOSE RELATED TO FEDERAL PROGRAMS. SEE 2024-001.
Finding 2024-003
SEGREGATION OF DUTIES - THE DISTRICT DID NOT PROPERLY SEGERGATE CUSTODY, RECORD-KEEPING AND RECONCILING FUNCTIONS, INCLUDING THOSE RELATED TO FEDERAL PROGRAMS. SEE 2024-001.
Finding 2024-003
SEGREGATION OF DUTIES - THE DISTRICT DID NOT PROPERLY SEGERGATE CUSTODY, RECORD-KEEPING AND RECONCILING FUNCTIONS, INCLUDING THOSE RELATED TO FEDERAL PROGRAMS. SEE 2024-001.
Finding 2024-003
SEGREGATION OF DUTIES - THE DISTRICT DID NOT PROPERLY SEGERGATE CUSTODY, RECORD-KEEPING AND RECONCILING FUNCTIONS, INCLUDING THOSE RELATED TO FEDERAL PROGRAMS. SEE 2024-001.
Finding 2024-003
SEGREGATION OF DUTIES - THE DISTRICT DID NOT PROPERLY SEGERGATE CUSTODY, RECORD-KEEPING AND RECONCILING FUNCTIONS, INCLUDING THOSE RELATED TO FEDERAL PROGRAMS. SEE 2024-001.
Finding 2024-003
SEGREGATION OF DUTIES - THE DISTRICT DID NOT PROPERLY SEGERGATE CUSTODY, RECORD-KEEPING AND RECONCILING FUNCTIONS, INCLUDING THOSE RELATED TO FEDERAL PROGRAMS. SEE 2024-001.
Finding 2024-003
SEGREGATION OF DUTIES - THE DISTRICT DID NOT PROPERLY SEGERGATE CUSTODY, RECORD-KEEPING AND RECONCILING FUNCTIONS, INCLUDING THOSE RELATED TO FEDERAL PROGRAMS. SEE 2024-001.
Finding 2024-003
SEGREGATION OF DUTIES - THE DISTRICT DID NOT PROPERLY SEGERGATE CUSTODY, RECORD-KEEPING AND RECONCILING FUNCTIONS, INCLUDING THOSE RELATED TO FEDERAL PROGRAMS. SEE 2024-001.
Finding 2024-003
SEGREGATION OF DUTIES - THE DISTRICT DID NOT PROPERLY SEGERGATE CUSTODY, RECORD-KEEPING AND RECONCILING FUNCTIONS, INCLUDING THOSE RELATED TO FEDERAL PROGRAMS. SEE 2024-001.
Finding 2024-003
SEGREGATION OF DUTIES - THE DISTRICT DID NOT PROPERLY SEGERGATE CUSTODY, RECORD-KEEPING AND RECONCILING FUNCTIONS, INCLUDING THOSE RELATED TO FEDERAL PROGRAMS. SEE 2024-001.
Finding 2024-003
SEGREGATION OF DUTIES - THE DISTRICT DID NOT PROPERLY SEGERGATE CUSTODY, RECORD-KEEPING AND RECONCILING FUNCTIONS, INCLUDING THOSE RELATED TO FEDERAL PROGRAMS. SEE 2024-001.