FAC Explorer

Finding 1090374 (2023-002)

Material Weakness Repeat Finding
Requirement
ABFL
Questioned Costs
-
Year
2023
Accepted
2024-12-12
Audit: 332141
Organization: Shenandoah Community School District (IA)
Auditor: Nolte Cornman & Johnson

AI Summary

  • Answer: There is a lack of proper segregation of duties, allowing one employee to control multiple critical financial areas.
  • Trend: This issue could lead to increased risk of errors or fraud in managing federal programs.
  • List: Review and adjust internal controls to ensure duties are properly separated among employees.

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, capital assets, payroll, financial reporting and journal entries. See finding 2023-001.

Categories

Internal Control / Segregation of Duties Reporting

Other Findings in this Audit

  • 513931 2023-002
    Material Weakness Repeat
  • 513932 2023-002
    Material Weakness Repeat
  • 1090373 2023-002
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
84.425 Education Stabilization Fund $596,048
10.555 National School Lunch Program $537,433
84.010 Title I Grants to Local Educational Agencies $254,160
10.553 School Breakfast Program $140,115
84.027 Special Education Grants to States $50,000
84.367 Supporting Effective Instruction State Grants (formerly Improving Teacher Quality State Grants) $34,914
10.559 Summer Food Service Program for Children $26,993
84.424 Student Support and Academic Enrichment Program $20,829
84.048 Career and Technical Education -- Basic Grants to States $9,427