Audit 356695

FY End
2024-06-30
Total Expended
$1.70M
Findings
14
Programs
10
Year: 2024 Accepted: 2025-05-20
Auditor: Jmallc

Organization Exclusion Status:

Checking exclusion status...

Findings

ID Ref Severity Repeat Requirement
561073 2024-003 Significant Deficiency - ABFGL
561074 2024-003 Significant Deficiency - ABFGL
561075 2024-003 Significant Deficiency - ABFGL
561076 2024-003 Significant Deficiency - ABFGL
561077 2024-003 Significant Deficiency - ABFGHI
561078 2024-003 Significant Deficiency - ABFGHI
561079 2024-003 Significant Deficiency - ABFGHI
1137515 2024-003 Significant Deficiency - ABFGL
1137516 2024-003 Significant Deficiency - ABFGL
1137517 2024-003 Significant Deficiency - ABFGL
1137518 2024-003 Significant Deficiency - ABFGL
1137519 2024-003 Significant Deficiency - ABFGHI
1137520 2024-003 Significant Deficiency - ABFGHI
1137521 2024-003 Significant Deficiency - ABFGHI

Contacts

Name Title Type
NEWUJMTL47V5 Devin Walsh Auditee
7247587512 Chad Agnew Auditor
No contacts on file

Notes to SEFA

Title: NOTE 1 – BASIS OF ACCOUNTING Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of the Riverside Beaver County School District and is presented on the accrual basis of accounting. 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. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. De Minimis Rate Used: N Rate Explanation: Did not use the de minimis cost rate The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of the Riverside Beaver County School District and is presented on the accrual basis of accounting. 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. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
Title: NOTE 2 – BUDGETARY DATA Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of the Riverside Beaver County School District and is presented on the accrual basis of accounting. 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. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. De Minimis Rate Used: N Rate Explanation: Did not use the de minimis cost rate The District passed and had approved by the appropriate agency budgets for the fiscal year ending June 30, 2024 for all federal programs.
Title: NOTE 3 – DE MINIMUS RATE FOR INDIRECT COSTS Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of the Riverside Beaver County School District and is presented on the accrual basis of accounting. 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. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. De Minimis Rate Used: N Rate Explanation: Did not use the de minimis cost rate Riverside Beaver County School District has elected to not use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.

Finding Details

2024-3 Segregation of Duties Recommendation: We recommend that the District segregate all duties to ensure no single employee has access to assets and record keeping of those assets. Because of limited staff, we realize segregation of the above duties is not practical, if not impossible. Therefore, the responsibility of the Business Manager is greatly increased because the Board must rely on her knowledge of the everyday operations to discover any material changes in the District’s financial position. Management’s Response: The District acknowledges this finding and has analyzed staffing; however, due to budget constraints finds it is not possible to hire the additional staff needed to put the controls in place to properly rectify this finding. Management’s Response: The District acknowledges this finding and, due to limited resources, cannot overcome this finding at this time but will put a plan in place to work towards improving controls to prevent or detect material misstatements in the preparation of the financial statements.
2024-3 Segregation of Duties Recommendation: We recommend that the District segregate all duties to ensure no single employee has access to assets and record keeping of those assets. Because of limited staff, we realize segregation of the above duties is not practical, if not impossible. Therefore, the responsibility of the Business Manager is greatly increased because the Board must rely on her knowledge of the everyday operations to discover any material changes in the District’s financial position. Management’s Response: The District acknowledges this finding and has analyzed staffing; however, due to budget constraints finds it is not possible to hire the additional staff needed to put the controls in place to properly rectify this finding. Management’s Response: The District acknowledges this finding and, due to limited resources, cannot overcome this finding at this time but will put a plan in place to work towards improving controls to prevent or detect material misstatements in the preparation of the financial statements.
2024-3 Segregation of Duties Recommendation: We recommend that the District segregate all duties to ensure no single employee has access to assets and record keeping of those assets. Because of limited staff, we realize segregation of the above duties is not practical, if not impossible. Therefore, the responsibility of the Business Manager is greatly increased because the Board must rely on her knowledge of the everyday operations to discover any material changes in the District’s financial position. Management’s Response: The District acknowledges this finding and has analyzed staffing; however, due to budget constraints finds it is not possible to hire the additional staff needed to put the controls in place to properly rectify this finding. Management’s Response: The District acknowledges this finding and, due to limited resources, cannot overcome this finding at this time but will put a plan in place to work towards improving controls to prevent or detect material misstatements in the preparation of the financial statements.
2024-3 Segregation of Duties Recommendation: We recommend that the District segregate all duties to ensure no single employee has access to assets and record keeping of those assets. Because of limited staff, we realize segregation of the above duties is not practical, if not impossible. Therefore, the responsibility of the Business Manager is greatly increased because the Board must rely on her knowledge of the everyday operations to discover any material changes in the District’s financial position. Management’s Response: The District acknowledges this finding and has analyzed staffing; however, due to budget constraints finds it is not possible to hire the additional staff needed to put the controls in place to properly rectify this finding. Management’s Response: The District acknowledges this finding and, due to limited resources, cannot overcome this finding at this time but will put a plan in place to work towards improving controls to prevent or detect material misstatements in the preparation of the financial statements.
2024-3 Segregation of Duties Recommendation: We recommend that the District segregate all duties to ensure no single employee has access to assets and record keeping of those assets. Because of limited staff, we realize segregation of the above duties is not practical, if not impossible. Therefore, the responsibility of the Business Manager is greatly increased because the Board must rely on her knowledge of the everyday operations to discover any material changes in the District’s financial position. Management’s Response: The District acknowledges this finding and has analyzed staffing; however, due to budget constraints finds it is not possible to hire the additional staff needed to put the controls in place to properly rectify this finding. Management’s Response: The District acknowledges this finding and, due to limited resources, cannot overcome this finding at this time but will put a plan in place to work towards improving controls to prevent or detect material misstatements in the preparation of the financial statements.
2024-3 Segregation of Duties Recommendation: We recommend that the District segregate all duties to ensure no single employee has access to assets and record keeping of those assets. Because of limited staff, we realize segregation of the above duties is not practical, if not impossible. Therefore, the responsibility of the Business Manager is greatly increased because the Board must rely on her knowledge of the everyday operations to discover any material changes in the District’s financial position. Management’s Response: The District acknowledges this finding and has analyzed staffing; however, due to budget constraints finds it is not possible to hire the additional staff needed to put the controls in place to properly rectify this finding. Management’s Response: The District acknowledges this finding and, due to limited resources, cannot overcome this finding at this time but will put a plan in place to work towards improving controls to prevent or detect material misstatements in the preparation of the financial statements.
2024-3 Segregation of Duties Recommendation: We recommend that the District segregate all duties to ensure no single employee has access to assets and record keeping of those assets. Because of limited staff, we realize segregation of the above duties is not practical, if not impossible. Therefore, the responsibility of the Business Manager is greatly increased because the Board must rely on her knowledge of the everyday operations to discover any material changes in the District’s financial position. Management’s Response: The District acknowledges this finding and has analyzed staffing; however, due to budget constraints finds it is not possible to hire the additional staff needed to put the controls in place to properly rectify this finding. Management’s Response: The District acknowledges this finding and, due to limited resources, cannot overcome this finding at this time but will put a plan in place to work towards improving controls to prevent or detect material misstatements in the preparation of the financial statements.
2024-3 Segregation of Duties Recommendation: We recommend that the District segregate all duties to ensure no single employee has access to assets and record keeping of those assets. Because of limited staff, we realize segregation of the above duties is not practical, if not impossible. Therefore, the responsibility of the Business Manager is greatly increased because the Board must rely on her knowledge of the everyday operations to discover any material changes in the District’s financial position. Management’s Response: The District acknowledges this finding and has analyzed staffing; however, due to budget constraints finds it is not possible to hire the additional staff needed to put the controls in place to properly rectify this finding. Management’s Response: The District acknowledges this finding and, due to limited resources, cannot overcome this finding at this time but will put a plan in place to work towards improving controls to prevent or detect material misstatements in the preparation of the financial statements.
2024-3 Segregation of Duties Recommendation: We recommend that the District segregate all duties to ensure no single employee has access to assets and record keeping of those assets. Because of limited staff, we realize segregation of the above duties is not practical, if not impossible. Therefore, the responsibility of the Business Manager is greatly increased because the Board must rely on her knowledge of the everyday operations to discover any material changes in the District’s financial position. Management’s Response: The District acknowledges this finding and has analyzed staffing; however, due to budget constraints finds it is not possible to hire the additional staff needed to put the controls in place to properly rectify this finding. Management’s Response: The District acknowledges this finding and, due to limited resources, cannot overcome this finding at this time but will put a plan in place to work towards improving controls to prevent or detect material misstatements in the preparation of the financial statements.
2024-3 Segregation of Duties Recommendation: We recommend that the District segregate all duties to ensure no single employee has access to assets and record keeping of those assets. Because of limited staff, we realize segregation of the above duties is not practical, if not impossible. Therefore, the responsibility of the Business Manager is greatly increased because the Board must rely on her knowledge of the everyday operations to discover any material changes in the District’s financial position. Management’s Response: The District acknowledges this finding and has analyzed staffing; however, due to budget constraints finds it is not possible to hire the additional staff needed to put the controls in place to properly rectify this finding. Management’s Response: The District acknowledges this finding and, due to limited resources, cannot overcome this finding at this time but will put a plan in place to work towards improving controls to prevent or detect material misstatements in the preparation of the financial statements.
2024-3 Segregation of Duties Recommendation: We recommend that the District segregate all duties to ensure no single employee has access to assets and record keeping of those assets. Because of limited staff, we realize segregation of the above duties is not practical, if not impossible. Therefore, the responsibility of the Business Manager is greatly increased because the Board must rely on her knowledge of the everyday operations to discover any material changes in the District’s financial position. Management’s Response: The District acknowledges this finding and has analyzed staffing; however, due to budget constraints finds it is not possible to hire the additional staff needed to put the controls in place to properly rectify this finding. Management’s Response: The District acknowledges this finding and, due to limited resources, cannot overcome this finding at this time but will put a plan in place to work towards improving controls to prevent or detect material misstatements in the preparation of the financial statements.
2024-3 Segregation of Duties Recommendation: We recommend that the District segregate all duties to ensure no single employee has access to assets and record keeping of those assets. Because of limited staff, we realize segregation of the above duties is not practical, if not impossible. Therefore, the responsibility of the Business Manager is greatly increased because the Board must rely on her knowledge of the everyday operations to discover any material changes in the District’s financial position. Management’s Response: The District acknowledges this finding and has analyzed staffing; however, due to budget constraints finds it is not possible to hire the additional staff needed to put the controls in place to properly rectify this finding. Management’s Response: The District acknowledges this finding and, due to limited resources, cannot overcome this finding at this time but will put a plan in place to work towards improving controls to prevent or detect material misstatements in the preparation of the financial statements.
2024-3 Segregation of Duties Recommendation: We recommend that the District segregate all duties to ensure no single employee has access to assets and record keeping of those assets. Because of limited staff, we realize segregation of the above duties is not practical, if not impossible. Therefore, the responsibility of the Business Manager is greatly increased because the Board must rely on her knowledge of the everyday operations to discover any material changes in the District’s financial position. Management’s Response: The District acknowledges this finding and has analyzed staffing; however, due to budget constraints finds it is not possible to hire the additional staff needed to put the controls in place to properly rectify this finding. Management’s Response: The District acknowledges this finding and, due to limited resources, cannot overcome this finding at this time but will put a plan in place to work towards improving controls to prevent or detect material misstatements in the preparation of the financial statements.
2024-3 Segregation of Duties Recommendation: We recommend that the District segregate all duties to ensure no single employee has access to assets and record keeping of those assets. Because of limited staff, we realize segregation of the above duties is not practical, if not impossible. Therefore, the responsibility of the Business Manager is greatly increased because the Board must rely on her knowledge of the everyday operations to discover any material changes in the District’s financial position. Management’s Response: The District acknowledges this finding and has analyzed staffing; however, due to budget constraints finds it is not possible to hire the additional staff needed to put the controls in place to properly rectify this finding. Management’s Response: The District acknowledges this finding and, due to limited resources, cannot overcome this finding at this time but will put a plan in place to work towards improving controls to prevent or detect material misstatements in the preparation of the financial statements.