FAC Explorer

Finding 1062172 (2023-002)

Material Weakness Repeat Finding
Requirement
ABFL
Questioned Costs
-
Year
2023
Accepted
2024-09-05
Audit: 318564
Organization: West Monona Community School District (IA)
Auditor: Nolte Cornman & Johnson PC

AI Summary

  • Core Issue: One employee controls multiple incompatible duties, risking internal control weaknesses.
  • Impacted Requirements: Segregation of duties is not being properly enforced, particularly in areas like cash and financial reporting.
  • Recommended Follow-Up: Review and adjust responsibilities to ensure proper segregation of duties across all major federal program areas.

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, investments, receipts, disbursements, inventories, financial reporting, school lunch program and journal entries. See finding 2023-001.

Categories

Internal Control / Segregation of Duties Reporting

Other Findings in this Audit

  • 485730 2023-002
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
84.425 Education Stabilization Fund $477,603
10.555 National School Lunch Program $258,289
84.010 Title I Grants to Local Educational Agencies $169,606
10.553 School Breakfast Program $46,000
10.559 Summer Food Service Program for Children $30,909
84.027 Special Education_grants to States $28,383
84.367 Improving Teacher Quality State Grants $20,652
84.424 Student Support and Academic Enrichment Program $10,000
84.048 Career and Technical Education -- Basic Grants to States $5,564