FINDING 2023-007
Finding Subject: COVID-19 – Education Stabilization Fund – Equipment and Real Property Management
Summary of Finding:
The School Corporation maintained a detailed listing of capital assets; however, the asset records
provided for audit did not include three of the six assets paid fo...
FINDING 2023-007
Finding Subject: COVID-19 – Education Stabilization Fund – Equipment and Real Property Management
Summary of Finding:
The School Corporation maintained a detailed listing of capital assets; however, the asset records
provided for audit did not include three of the six assets paid for with federal funds. The School
Corporation utilized COVID-19 - Education Stabilization Fund awards, totaling $153,484, to purchase an
air handler unit, a generator, planter equipment, auto pilot software, a carpet cleaner, and a floor
cleaner. The software, carpet cleaner, and floor cleaner were not included in the capital asset
records. Additionally, the capital asset listing provided did not identify which assets were purchased with
federal dollars, a serial number or other identification number, who holds title, the location of the asset,
nor the use and condition of the property.
Contact Person Responsible for Corrective Action: Kelly McPike
Contact Phone Number:765-689-9131
Views of Responsible Official: We concur with the finding
Description of Corrective Action Plan:
An effective internal control will be developed to include a description of the property, a serial number or
other identifying number, the source of the funding for the property, the award identification number, who
holds the title, the acquisition cost, and the cost of the property. This will ensure all asset reports include
all of the necessary information and new assets are added properly.
Anticipated Completion Date: April 2024