FAC Explorer

Finding 1088422 (2024-001)

Material Weakness Repeat Finding
Requirement
ABG
Questioned Costs
-
Year
2024
Accepted
2024-11-25
Audit: 329740
Organization: Cornbelt Educational Cooperative (SD)
Auditor: Schoenfish & CO INC

AI Summary

  • Answer: There is a material weakness in internal controls related to revenue management.
  • Trend: This issue impacts compliance with Special Education grants (CFDA No. 84.027 and CFDA No. 84.173).
  • List: Follow up by reviewing and improving segregation of duties in revenue processes.

Finding Text

A material weakness in internal controls was noted due to a lack of proper segregation of duties for revenues. This affects the compliance requirements for Special Education – Grants to States, CFDA No. 84.027 and Special Education - Preschool Grants, CFDA No. 84.173.

Categories

Internal Control / Segregation of Duties Material Weakness

Other Findings in this Audit

  • 511980 2024-001
    Material Weakness Repeat
  • 511981 2024-001
    Material Weakness Repeat
  • 1088423 2024-001
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
84.027 Special Education Grants to States $842,094
84.173 Special Education Preschool Grants $44,293
84.425 Education Stabilization Fund $9,114