Finding 1147986 (2024-007)

Material Weakness
Requirement
ABGHILM
Questioned Costs
-
Year
2024
Accepted
2025-07-17
Audit: 362505
Organization: County of Floyd (IA)

AI Summary

  • Core Issue: The County has not properly separated duties for managing federal awards, which increases the risk of errors or fraud.
  • Impacted Requirements: This lack of segregation violates best practices for internal controls over federal revenues.
  • Recommended Follow-Up: Implement a clear division of responsibilities for custody, recordkeeping, and reconciliation of federal awards.

Finding Text

Segregation of Duties over Federal Revenues - Duties related to the custody, recordkeeping and reconciling of federal awards are not properly segregated by the County.

Categories

Internal Control / Segregation of Duties

Other Findings in this Audit

  • 571543 2024-007
    Material Weakness
  • 571544 2024-007
    Material Weakness
  • 1147985 2024-007
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
20.205 Highway Planning and Construction $1.25M
21.027 Coronavirus State and Local Fiscal Recovery Funds $1.10M
93.778 Medical Assistance Program $21,036
93.044 Special Programs for the Aging, Title Iii, Part B, Grants for Supportive Services and Senior Centers $17,000
10.561 State Administrative Matching Grants for the Supplemental Nutrition Assistance Program $13,574
20.600 State and Community Highway Safety $3,971
93.667 Social Services Block Grant $3,664
93.658 Foster Care Title IV-E $2,621
93.596 Child Care Mandatory and Matching Funds of the Child Care and Development Fund $2,284
93.659 Adoption Assistance $1,743
93.268 Immunization Cooperative Agreements $1,311
97.036 Disaster Grants - Public Assistance (presidentially Declared Disasters) $1,284
93.472 Title IV-E Prevention Program $474
93.767 Children's Health Insurance Program $412
93.566 Refugee and Entrant Assistance State/replacement Designee Administered Programs $76
93.090 Guardianship Assistance $4