FAC Explorer

Finding 1136854 (2024-002)

Material Weakness
Requirement
ABFL
Questioned Costs
-
Year
2024
Accepted
2025-05-15
Audit: 356317
Organization: Westwood Community School District (IA)
Auditor: Nolte Cornman & Johnson

AI Summary

  • Core Issue: One employee has too much control over critical 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 risks.

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, disbursements, inventories, payroll, receipts, financial reporting, school nutrition program and journal entries. See finding 2024-001.

Categories

Internal Control / Segregation of Duties Reporting

Other Findings in this Audit

  • 560411 2024-002
    Material Weakness
  • 560412 2024-002
    Material Weakness
  • 1136853 2024-002
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
84.425 Education Stabilization Fund $330,357
10.555 National School Lunch Program $213,334
84.010 Title I Grants to Local Educational Agencies $75,367
84.358 Rural Education $49,119
10.553 School Breakfast Program $46,016
84.424 Student Support and Academic Enrichment Program $32,500
84.027 Special Education Grants to States $24,586
84.367 Supporting Effective Instruction State Grants (formerly Improving Teacher Quality State Grants) $16,383
84.048 Career and Technical Education -- Basic Grants to States $5,774