FAC Explorer

Audit 39784

FY End
2022-06-30
Total Expended
$1.05M
Findings
4
Programs
10
Organization: Gmg Community School District (IA)
Year: 2022 Accepted: 2023-04-24
Auditor: Kay L Chapman CPA PC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
42999 2022-004 Material Weakness - BL
43000 2022-005 Material Weakness - BL
619441 2022-004 Material Weakness - BL
619442 2022-005 Material Weakness - BL

Programs

ALN Program Spent Major Findings
84.425 Education Stabilization Fund $483,791 Yes 2
10.555 National School Lunch Program $306,035 - 0
10.553 School Breakfast Program $101,075 - 0
84.010 Title I Grants to Local Educational Agencies $58,633 - 0
84.358 Rural Education $46,116 - 0
84.048 Career and Technical Education -- Basic Grants to States $15,527 - 0
84.027 Special Education_grants to States $13,911 - 0
84.424 Student Support and Academic Enrichment Program $10,000 - 0
84.367 Improving Teacher Quality State Grants $9,620 - 0
10.559 Summer Food Service Program for Children $3,760 - 0

Contacts

Name Title Type
RPP4BDEU5RT7 Stacey Duden Auditee
6414742254 Kay Chapman Auditor
No contacts on file

Notes to SEFA

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.

Finding Details

Finding 2022-004
The District did not properly segregate custody, record-keeping and reconciling functions for revenues and expenditures, including those related to federal programs.
Finding 2022-005
The District did not prepare monthly bank reconciliations in a timely manner, including accounts relating to federal programs.
Finding 2022-004
The District did not properly segregate custody, record-keeping and reconciling functions for revenues and expenditures, including those related to federal programs.
Finding 2022-005
The District did not prepare monthly bank reconciliations in a timely manner, including accounts relating to federal programs.