FAC Explorer

Finding 10301 (2022-002)

Material Weakness
Requirement
ABEILN
Questioned Costs
-
Year
2022
Accepted
2024-01-26
Audit: 13964
Organization: Logan-Magnolia Community School District (IA)
Auditor: Nolte Cornman & Johnson PC

AI Summary

  • Core Issue: An employee has too much control over multiple incompatible duties, risking internal control weaknesses.
  • Impacted Requirements: This affects compliance with federal program regulations and internal control standards.
  • Recommended Follow-Up: Implement proper segregation of duties to enhance oversight and reduce risk.

Finding Text

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, inventories, receipts, payroll, wire transfers, journal entries and school lunch program. See finding 2022-001.

Categories

Internal Control / Segregation of Duties

Other Findings in this Audit

  • 10300 2022-002
    Material Weakness
  • 586742 2022-002
    Material Weakness
  • 586743 2022-002
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
10.555 National School Lunch Program $385,643
84.425 Education Stabilization Fund $237,467
93.575 Child Care and Development Block Grant $75,180
84.010 Title I Grants to Local Educational Agencies $47,988
10.553 School Breakfast Program $44,935
84.424 Student Support and Academic Enrichment Program $10,000
84.367 Improving Teacher Quality State Grants $9,400
21.019 Coronavirus Relief Fund $4,412
84.027 Special Education_grants to States $3,827
84.048 Career and Technical Education -- Basic Grants to States $2,289
10.649 Pandemic Ebt Administrative Costs $614