Audit 343238

FY End
2023-06-30
Total Expended
$877,138
Findings
18
Programs
9
Organization: Cam Community School District (IA)
Year: 2023 Accepted: 2025-02-20

Organization Exclusion Status:

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Findings

ID Ref Severity Repeat Requirement
524077 2023-004 Material Weakness - ABFL
524078 2023-005 Material Weakness - ABFL
524079 2023-006 Material Weakness - ABFL
524080 2023-004 Material Weakness - ABFL
524081 2023-005 Material Weakness - ABFL
524082 2023-006 Material Weakness - ABFL
524083 2023-004 Material Weakness - ABFL
524084 2023-005 Material Weakness - ABFL
524085 2023-006 Material Weakness - ABFL
1100519 2023-004 Material Weakness - ABFL
1100520 2023-005 Material Weakness - ABFL
1100521 2023-006 Material Weakness - ABFL
1100522 2023-004 Material Weakness - ABFL
1100523 2023-005 Material Weakness - ABFL
1100524 2023-006 Material Weakness - ABFL
1100525 2023-004 Material Weakness - ABFL
1100526 2023-005 Material Weakness - ABFL
1100527 2023-006 Material Weakness - ABFL

Contacts

Name Title Type
NLJ7EFW2LX13 Amanda Cox Auditee
7127467060 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 allowed 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 CAM 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 CAM Community School District, it is not intended to and does not present the financial position, changes in financial position or cash flows of CAM 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 allowed 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

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, receipts, disbursements, payroll and computers systems. See finding 2023-001.
The District’s financial statements required material adjustments to accounts receivable as well as revenue recognition of federal awards. See finding 2023-002.
Bank reconciliations included several items no longer outstanding and other items not recorded in a timely manner giving the appearance bank reconciliations may not be completed each month. See finding 2023-003.
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, receipts, disbursements, payroll and computers systems. See finding 2023-001.
The District’s financial statements required material adjustments to accounts receivable as well as revenue recognition of federal awards. See finding 2023-002.
Bank reconciliations included several items no longer outstanding and other items not recorded in a timely manner giving the appearance bank reconciliations may not be completed each month. See finding 2023-003.
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, receipts, disbursements, payroll and computers systems. See finding 2023-001.
The District’s financial statements required material adjustments to accounts receivable as well as revenue recognition of federal awards. See finding 2023-002.
Bank reconciliations included several items no longer outstanding and other items not recorded in a timely manner giving the appearance bank reconciliations may not be completed each month. See finding 2023-003.
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, receipts, disbursements, payroll and computers systems. See finding 2023-001.
The District’s financial statements required material adjustments to accounts receivable as well as revenue recognition of federal awards. See finding 2023-002.
Bank reconciliations included several items no longer outstanding and other items not recorded in a timely manner giving the appearance bank reconciliations may not be completed each month. See finding 2023-003.
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, receipts, disbursements, payroll and computers systems. See finding 2023-001.
The District’s financial statements required material adjustments to accounts receivable as well as revenue recognition of federal awards. See finding 2023-002.
Bank reconciliations included several items no longer outstanding and other items not recorded in a timely manner giving the appearance bank reconciliations may not be completed each month. See finding 2023-003.
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, receipts, disbursements, payroll and computers systems. See finding 2023-001.
The District’s financial statements required material adjustments to accounts receivable as well as revenue recognition of federal awards. See finding 2023-002.
Bank reconciliations included several items no longer outstanding and other items not recorded in a timely manner giving the appearance bank reconciliations may not be completed each month. See finding 2023-003.