FAC Explorer

Finding 1146434 (2024-003)

Material Weakness
Requirement
ABEILN
Questioned Costs
-
Year
2024
Accepted
2025-07-01
Audit: 361259
Organization: Southeast Valley Community School District (IA)
Auditor: Cornwell Frideres Maher & Associates P L C

AI Summary

  • Answer: The district failed to properly separate duties related to custody, record-keeping, and reconciling functions.
  • Trend: This issue affects compliance with federal program requirements and increases the risk of errors or fraud.
  • List: Recommend implementing clear role definitions and controls to ensure proper segregation of duties.

Finding Text

SEGREGATION OF DUTIES - THE DISTRICT DID NOT PROPERLY SEGREGATE CUSTODY, RECORD-KEEPING AND RECONCILING FUNCTIONS, INCLUDING THOSE RELATED TO FEDERAL PROGRAMS. SEE 2024-001

Categories

Internal Control / Segregation of Duties

Other Findings in this Audit

  • 569990 2024-003
    Material Weakness
  • 569991 2024-003
    Material Weakness
  • 569992 2024-003
    Material Weakness
  • 569993 2024-003
    Material Weakness
  • 1146432 2024-003
    Material Weakness
  • 1146433 2024-003
    Material Weakness
  • 1146435 2024-003
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
84.010 Title I Grants to Local Educational Agencies $257,560
21.027 Coronavirus State and Local Fiscal Recovery Funds $200,000
10.553 School Breakfast Program $101,339
84.358 Rural Education $82,376
84.027 Special Education Grants to States $50,627
84.367 Supporting Effective Instruction State Grants (formerly Improving Teacher Quality State Grants) $44,766
84.424 Student Support and Academic Enrichment Program $30,449
93.575 Child Care and Development Block Grant $28,000
10.555 National School Lunch Program $27,649
10.559 Summer Food Service Program for Children $19,589
84.048 Career and Technical Education -- Basic Grants to States $14,446
84.425 Education Stabilization Fund $2,509