FAC Explorer

Audit 362355

FY End
2024-06-30
Total Expended
$1.35M
Findings
8
Programs
11
Organization: Albia Community School District (IA)
Year: 2024 Accepted: 2025-07-16
Auditor: Nolte Cornman & Johnson PC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
571428 2024-002 Material Weakness - ABL
571429 2024-002 Material Weakness Yes ABFL
571430 2024-002 Material Weakness Yes ABFL
571431 2024-002 Material Weakness Yes ABFL
1147870 2024-002 Material Weakness - ABL
1147871 2024-002 Material Weakness Yes ABFL
1147872 2024-002 Material Weakness Yes ABFL
1147873 2024-002 Material Weakness Yes ABFL

Programs

ALN Program Spent Major Findings
10.555 National School Lunch Program $289,702 - 0
84.010 Title I Grants to Local Educational Agencies $271,295 Yes 1
10.553 School Breakfast Program $81,386 - 0
10.559 Summer Food Service Program for Children $64,111 - 0
84.027 Special Education Grants to States $50,824 - 0
84.367 Supporting Effective Instruction State Grants (formerly Improving Teacher Quality State Grants) $37,518 - 0
84.425 Education Stabilization Fund $30,499 Yes 1
84.424 Student Support and Academic Enrichment Program $14,846 - 0
84.048 Career and Technical Education -- Basic Grants to States $12,182 - 0
10.556 Special Milk Program for Children $3,180 - 0
97.036 Disaster Grants - Public Assistance (presidentially Declared Disasters) $1,703 - 0

Contacts

Name Title Type
D5BDT9PLXYK6 Melissa Bauer Auditee
6419322161 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 Albia 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 selected portion of the operations of Albia Community School District, it is not intended to and does not represent the financial position, changes in financial position or cash flows of Albia 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 2024-002
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, receipts, capital assets and financial reporting.
Finding 2024-002
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, receipts, capital assets and financial reporting.
Finding 2024-002
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, receipts, capital assets and financial reporting.
Finding 2024-002
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, receipts, capital assets and financial reporting.
Finding 2024-002
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, receipts, capital assets and financial reporting.
Finding 2024-002
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, receipts, capital assets and financial reporting.
Finding 2024-002
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, receipts, capital assets and financial reporting.
Finding 2024-002
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, receipts, capital assets and financial reporting.