FAC Explorer

Finding 1080649 (2023-003)

Material Weakness Repeat Finding
Requirement
ABEILN
Questioned Costs
-
Year
2023
Accepted
2024-10-30
Audit: 326704
Organization: Agwsr Community School District (IA)
Auditor: Nolte Cornman & Johnson

AI Summary

  • Core Issue: An employee has too much control over multiple financial areas, risking incompatible duties.
  • Impacted Requirements: This violates the principle of segregation of duties, which is critical for 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, payroll, financial reporting, School lunch program and journal entries. See finding 2023-001.

Categories

Internal Control / Segregation of Duties Reporting

Other Findings in this Audit

  • 504207 2023-003
    Material Weakness Repeat
  • 504208 2023-003
    Material Weakness Repeat
  • 504209 2023-003
    Material Weakness Repeat
  • 504210 2023-003
    Material Weakness Repeat
  • 504211 2023-003
    Material Weakness Repeat
  • 504212 2023-003
    Material Weakness Repeat
  • 504213 2023-003
    Material Weakness Repeat
  • 1080650 2023-003
    Material Weakness Repeat
  • 1080651 2023-003
    Material Weakness Repeat
  • 1080652 2023-003
    Material Weakness Repeat
  • 1080653 2023-003
    Material Weakness Repeat
  • 1080654 2023-003
    Material Weakness Repeat
  • 1080655 2023-003
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
10.555 National School Lunch Program $270,532
93.575 Child Care and Development Block Grant $261,808
84.010 Title I Grants to Local Educational Agencies $82,296
84.027 Special Education Grants to States $32,551
10.558 Child and Adult Care Food Program $30,304
10.553 School Breakfast Program $28,260
84.367 Supporting Effective Instruction State Grants (formerly Improving Teacher Quality State Grants) $14,890
84.424 Student Support and Academic Enrichment Program $9,985
84.048 Career and Technical Education -- Basic Grants to States $6,682
84.425 Education Stabilization Fund $2,400
10.559 Summer Food Service Program for Children $1,387
93.658 Foster Care Title IV-E $79