FAC Explorer

Finding 1089971 (2023-002)

Material Weakness Repeat Finding
Requirement
ABFL
Questioned Costs
-
Year
2023
Accepted
2024-12-09
Audit: 331381
Organization: Albia 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 affects compliance with internal control standards for major federal programs.
  • Recommended Follow-Up: Implement proper segregation of duties to enhance internal controls 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, receipts, capital assets and financial reporting. See finding 2023-001

Categories

Internal Control / Segregation of Duties Reporting

Other Findings in this Audit

  • 513528 2023-002
    Material Weakness Repeat
  • 513529 2023-002
    Material Weakness Repeat
  • 1089970 2023-002
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
10.555 National School Lunch Program $334,079
84.010 Title I Grants to Local Educational Agencies $233,447
10.553 School Breakfast Program $77,136
84.027 Special Education Grants to States $51,487
84.367 Supporting Effective Instruction State Grants (formerly Improving Teacher Quality State Grants) $40,640
84.048 Career and Technical Education -- Basic Grants to States $14,994
84.424 Student Support and Academic Enrichment Program $13,181
84.425 Education Stabilization Fund $10,436
10.556 Special Milk Program for Children $2,691
10.559 Summer Food Service Program for Children $1,371