FAC Explorer

Finding 1088497 (2023-002)

Material Weakness
Requirement
ABFL
Questioned Costs
-
Year
2023
Accepted
2024-11-25
Audit: 329790
Organization: Odebolt Arther Battle Greek Ida Grove Community School District (IA)
Auditor: Nolte Cornman & Johnson PC

AI Summary

  • Core Issue: One employee has too much control over multiple financial areas, increasing risk of errors or fraud.
  • Impacted Requirements: Segregation of duties is not being properly enforced, which is essential for internal controls.
  • Recommended Follow-up: Review and redistribute responsibilities to ensure no single employee handles incompatible duties.

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, wire transfers, payroll, computer systems, financial reporting, school lunch program and journal entries. See finding 2023-001.

Categories

Internal Control / Segregation of Duties Reporting

Other Findings in this Audit

  • 512055 2023-002
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
84.425 Education Stabilization Fund $878,038
10.555 National School Lunch Program $429,021
84.010 Title I Grants to Local Educational Agencies $149,089
10.553 School Breakfast Program $76,755
84.027 Special Education_grants to States $44,146
10.559 Summer Food Service Program for Children $43,812
84.367 Improving Teacher Quality State Grants $29,574
84.424 Student Support and Academic Enrichment Program $11,058
84.048 Career and Technical Education -- Basic Grants to States $9,495
10.185 Local Food for Schools Cooperative Agreement Program $3,935