Finding 1141653 (2024-002)

Material Weakness Repeat Finding

Requirement

ABFL

Questioned Costs

-

Year

2024

Accepted

2025-06-18

Audit: 359098

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 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 oversight and reduce risk.

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 2024-001.

Programs in Audit

ALN	Program Name	Expenditures
84.425	Education Stabilization Fund	$282,648
10.555	National School Lunch Program	$188,591
84.010	Title I Grants to Local Educational Agencies	$127,069
10.559	Summer Food Service Program for Children	$53,232
10.553	School Breakfast Program	$52,800
84.358	Rural Education	$45,994
84.027	Special Education Grants to States	$24,123
84.367	Supporting Effective Instruction State Grants (formerly Improving Teacher Quality State Grants)	$18,361
84.424	Student Support and Academic Enrichment Program	$11,298
84.048	Career and Technical Education -- Basic Grants to States	$3,662
10.574	Team Nutrition Grants	$902

Finding 1141653 (2024-002)

AI Summary

Finding Text

Categories

Other Findings in this Audit

Programs in Audit