FAC Explorer

Finding 1140533 (2024-002)

Material Weakness
Requirement
ABEILN
Questioned Costs
-
Year
2024
Accepted
2025-06-05
Audit: 358186
Organization: Allamakee Community School District (IA)
Auditor: Nolte Cornman & Johnson PC

AI Summary

  • Answer: The District failed to separate duties for handling, recording, and reconciling revenue, which is a key control issue.
  • Trend: This lack of segregation increases the risk of errors and fraud, particularly concerning major federal programs.
  • List: Recommended actions include implementing proper segregation of duties and conducting regular reviews to ensure compliance.

Finding Text

The District did not properly segregate custody, record-keeping and reconciling functions for revenues, including those related to major federal programs. See finding 2024-001.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 564091 2024-002
    Material Weakness
  • 564092 2024-002
    Material Weakness
  • 564093 2024-002
    Material Weakness
  • 564094 2024-002
    Material Weakness
  • 1140534 2024-002
    Material Weakness
  • 1140535 2024-002
    Material Weakness
  • 1140536 2024-002
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
10.555 National School Lunch Program $418,073
84.010 Title I Grants to Local Educational Agencies $278,995
97.067 Homeland Security Grant Program $192,227
10.553 School Breakfast Program $60,835
84.027 Special Education Grants to States $54,696
84.367 Supporting Effective Instruction State Grants (formerly Improving Teacher Quality State Grants) $44,099
10.559 Summer Food Service Program for Children $40,391
84.424 Student Support and Academic Enrichment Program $19,340
10.185 Local Food for Schools Cooperative Agreement Program $16,750
84.048 Career and Technical Education -- Basic Grants to States $12,986
84.425 Education Stabilization Fund $4,917
15.659 National Wildlife Refuge Fund $1,870