FAC Explorer

Finding 1100868 (2023-002)

Material Weakness Repeat Finding
Requirement
ABFL
Questioned Costs
-
Year
2023
Accepted
2025-02-25
Audit: 343708
Organization: Wapello Community School District (IA)
Auditor: Nolte Cornman & Johnson PC

AI Summary

  • Core Issue: One employee has too much control over critical financial areas, risking improper handling of funds.
  • Impacted Requirements: Segregation of duties is not being followed, which is essential for compliance and risk management.
  • Recommended Follow-Up: Review and adjust responsibilities to ensure proper segregation of duties among staff.

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, disbursements, financial reporting, school lunch program and journal entries. See finding 2023-001.

Categories

Internal Control / Segregation of Duties Reporting

Other Findings in this Audit

  • 524426 2023-002
    Material Weakness Repeat
  • 524427 2023-002
    Material Weakness Repeat
  • 1100869 2023-002
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
84.425 Education Stabilization Fund $389,959
10.555 National School Lunch Program $232,039
84.010 Title I Grants to Local Educational Agencies $97,530
93.354 Public Health Emergency Response: Cooperative Agreement for Emergency Response: Public Health Crisis Response $81,919
10.553 School Breakfast Program $56,476
84.358 Rural Education $39,679
21.027 Coronavirus State and Local Fiscal Recovery Funds $39,459
84.027 Special Education Grants to States $24,891
10.559 Summer Food Service Program for Children $24,477
84.367 Supporting Effective Instruction State Grants (formerly Improving Teacher Quality State Grants) $13,940
84.424 Student Support and Academic Enrichment Program $10,000
10.582 Fresh Fruit and Vegetable Program $8,640
84.048 Career and Technical Education -- Basic Grants to States $5,771