FAC Explorer

Finding 1086219 (2024-001)

Significant Deficiency Repeat Finding
Requirement
P
Questioned Costs
-
Year
2024
Accepted
2024-11-22
Audit: 329504
Organization: Durand Community Unit School District No. 322 (IL)
Auditor: Benning Group LLC

AI Summary

  • Core Issue: The District Treasurer and Bookkeeper roles are held by the same person, compromising oversight.
  • Impacted Requirements: Lack of proper segregation of duties undermines internal controls over financial transactions.
  • Recommended Follow-Up: Consider separating these roles to enhance financial oversight and compliance.

Finding Text

The function of the District treasurer is the review the accounting functions and provide a measure of oversight over daily procedures. The District bookkeepr also serves as the District Treasurer. Segregation of duties essential for proper internal control over financial transactions is compromised when the same person functions in the capacity of both the person responsible for recording transactions and the person responsible for oversight of the financial procedures.

Categories

Internal Control / Segregation of Duties

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
84.027 Special Education Grants to States $249,818
84.425 Education Stabilization Fund Esser III $239,927
10.555 National School Lunch Program $85,753
84.358 Rural Education $45,073
93.778 Medical Assistance Program $22,285
10.555 National School Lunch Program - Arp Supply Chain $18,273
10.555 Non-Cash Food Commodity $18,079
84.424 Student Support and Academic Enrichment Program $17,225
84.367 Supporting Effective Instruction State Grants (formerly Improving Teacher Quality State Grants) $11,642
84.425 Education Stabilization Fund Esser II $8,171
84.010 Title I Grants to Local Educational Agencies $2,382
84.048 Career and Technical Education -- Basic Grants to States $1,170
10.649 Pandemic Ebt Administrative Costs $653
84.173 Special Education Preschool Grants $181