FAC Explorer

Finding 1137512 (2024-002)

Material Weakness Repeat Finding
Requirement
ABEILN
Questioned Costs
-
Year
2024
Accepted
2025-05-20
Audit: 356676
Organization: Sergeant Bluff-Luton Community School District (IA)
Auditor: Nolte Cornman & Johnson PC

AI Summary

  • Core Issue: One employee has too much control over critical financial areas, risking incompatible duties.
  • Impacted Requirements: This violates the principle of segregation of duties, which is essential for internal controls.
  • Recommended Follow-Up: Review and redistribute responsibilities to ensure no single employee manages conflicting tasks.

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, disbursements, wire transfers, financial reporting, computer systems and journal entries. See finding 2024-001.

Categories

Internal Control / Segregation of Duties Reporting

Other Findings in this Audit

  • 561069 2024-002
    Material Weakness Repeat
  • 561070 2024-002
    Material Weakness Repeat
  • 1137511 2024-002
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
10.555 National School Lunch Program $513,272
84.010 Title I Grants to Local Educational Agencies $183,625
10.553 School Breakfast Program $78,998
84.027 Special Education Grants to States $66,412
84.126 Rehabilitation Services Vocational Rehabilitation Grants to States $42,933
84.367 Supporting Effective Instruction State Grants (formerly Improving Teacher Quality State Grants) $40,140
84.048 Career and Technical Education -- Basic Grants to States $19,732
84.424 Student Support and Academic Enrichment Program $11,298
84.425 Education Stabilization Fund $10,998
84.365 English Language Acquisition State Grants $5,172
93.658 Foster Care Title IV-E $2,104