FAC Explorer

Finding 1140042 (2024-002)

Material Weakness Repeat Finding
Requirement
ABFL
Questioned Costs
$1
Year
2024
Accepted
2025-06-03
Audit: 357869
Organization: Chariton 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, essential for internal controls.
  • 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, disbursements, journal entries and financial reporting. See finding 2024-001.

Categories

Questioned Costs Internal Control / Segregation of Duties Reporting

Other Findings in this Audit

  • 563600 2024-002
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
84.425 Education Stabilization Fund $1.53M
10.555 National School Lunch Program $491,407
84.010 Title I Grants to Local Educational Agencies $403,390
10.553 School Breakfast Program $134,900
84.424 Student Support and Academic Enrichment Program $107,024
32.009 Emergency Connectivity Fund Program $78,938
84.027 Special Education Grants to States $61,495
84.367 Supporting Effective Instruction State Grants (formerly Improving Teacher Quality State Grants) $60,047
84.048 Career and Technical Education -- Basic Grants to States $23,782
84.358 Rural Education $12,030
10.559 Summer Food Service Program for Children $5,927
84.365 English Language Acquisition State Grants $3,263