FAC Explorer

Finding 1078128 (2023-002)

Material Weakness Repeat Finding
Requirement
ABEILN
Questioned Costs
-
Year
2023
Accepted
2024-10-03
Audit: 323734
Organization: Sergeant Bluff-Luton Community School District (IA)
Auditor: Nolte Cornman & Johnson PC

AI Summary

  • Core Issue: One employee has too much control over multiple financial areas, risking incompatible duties.
  • Impacted Requirements: This violates the principle of segregation of duties, essential for effective internal controls.
  • Recommended Follow-Up: Review and redistribute responsibilities to ensure no single employee manages conflicting tasks.

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 federal programs; cash, investments, receipts, disbursements, wire transfers, financial reporting, computer systems and journal entries. See finding 2023-001.

Categories

Internal Control / Segregation of Duties Reporting

Other Findings in this Audit

  • 501686 2023-002
    Material Weakness Repeat
  • 501687 2023-002
    Material Weakness Repeat
  • 1078129 2023-002
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
10.555 National School Lunch Program $572,969
84.010 Title I Grants to Local Educational Agencies $116,518
10.553 School Breakfast Program $71,558
84.027 Special Education_grants to States $64,406
84.126 Rehabilitation Services_vocational Rehabilitation Grants to States $41,784
84.367 Improving Teacher Quality State Grants $34,081
93.575 Child Care and Development Block Grant $24,138
84.048 Career and Technical Education -- Basic Grants to States $15,658
84.424 Student Support and Academic Enrichment Program $10,000
84.425 Education Stabilization Fund $6,208
84.365 English Language Acquisition State Grants $5,580