FAC Explorer

Finding 1142167 (2024-001)

Significant Deficiency
Requirement
L
Questioned Costs
-
Year
2024
Accepted
2025-06-23
Audit: 359434
Organization: School District of Cudahy (WI)
Auditor: Lauterbach & Amen LLP

AI Summary

  • Core Issue: Audit adjustments were necessary to ensure financial statements are materially accurate.
  • Impacted Requirements: The review and adjustment of general ledger balances are crucial for effective internal controls.
  • Recommended Follow-Up: Implement regular reviews of ledger balances to improve budgeting and financial management.

Finding Text

Finding 2024 – 1: Audit Journal Entries Comment: During audit fieldwork, our testing resulted in audit adjustments in order to present materially accurate financial statements. Recommendation: A vital process of effective internal controls is the review and subsequent adjustment of general ledger balances. This review and adjustment will aid in the appropriate budgeting and management of the District’s financial activities and resources.

Categories

Internal Control / Segregation of Duties

Other Findings in this Audit

  • 565723 2024-001
    Significant Deficiency
  • 565724 2024-002
    Material Weakness Repeat
  • 565725 2024-001
    Significant Deficiency
  • 565726 2024-002
    Material Weakness Repeat
  • 1142165 2024-001
    Significant Deficiency
  • 1142166 2024-002
    Material Weakness Repeat
  • 1142168 2024-002
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
10.555 National School Lunch Program $870,400
84.027 Special Education Grants to States $782,671
84.010 Title I Grants to Local Educational Agencies $673,773
10.553 School Breakfast Program $383,093
93.778 Medical Assistance Program $255,408
84.367 Supporting Effective Instruction State Grants (formerly Improving Teacher Quality State Grants) $80,666
84.173 Special Education Preschool Grants $59,729
84.424 Student Support and Academic Enrichment Program $44,612
10.559 Summer Food Service Program for Children $38,863
84.365 English Language Acquisition State Grants $27,502
84.048 Career and Technical Education -- Basic Grants to States $25,404
84.425 Education Stabilization Fund $15,861
10.582 Fresh Fruit and Vegetable Program $8,108