FAC Explorer

Finding 1078160 (2023-002)

Material Weakness Repeat Finding
Requirement
ABFL
Questioned Costs
-
Year
2023
Accepted
2024-10-03
Audit: 323794
Organization: Allamakee Community School District (IA)
Auditor: Nolte Cornman & Johnson PC

AI Summary

  • Core Issue: One employee has too much control over critical financial areas, risking incompatible duties.
  • Impacted Requirements: This affects the internal control structure necessary for compliance with federal program regulations.
  • 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, investments, inventories, receipts, capital assets, payroll, financial reporting and journal entries. See finding 2023-001.

Categories

Internal Control / Segregation of Duties Reporting

Other Findings in this Audit

  • 501717 2023-002
    Material Weakness Repeat
  • 501718 2023-002
    Material Weakness Repeat
  • 501719 2023-002
    Material Weakness Repeat
  • 1078159 2023-002
    Material Weakness Repeat
  • 1078161 2023-002
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
84.425 Education Stabilization Fund $1.22M
10.555 National School Lunch Program $451,283
84.010 Title I Grants to Local Educational Agencies $272,836
10.553 School Breakfast Program $62,275
84.027 Special Education_grants to States $53,549
84.367 Improving Teacher Quality State Grants $51,912
10.559 Summer Food Service Program for Children $25,072
84.424 Student Support and Academic Enrichment Program $18,136
84.048 Career and Technical Education -- Basic Grants to States $17,946
10.185 Local Food for Schools Cooperative Agreement Program $8,000
15.659 National Wildlife Refuge Fund $2,096