Finding 1151036 (2023-004)

Material Weakness
Requirement
ABEGLMN
Questioned Costs
-
Year
2023
Accepted
2025-08-25

AI Summary

  • Answer: The district failed to separate key financial duties, which is essential for preventing errors and fraud.
  • Trend: This issue is common in organizations that overlook internal controls, especially in federal program management.
  • List: Immediate steps should include reviewing and restructuring roles to ensure proper segregation of duties.

Finding Text

THE DISTRICT DID NOT PROPERLY SEGREGATE CUSTODY, RECORD-KEEPING AND RECONCILING FUNCTIONS, INCLUDING THOSE RELATED TO FEDERAL PROGRAMS.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 574594 2023-004
    Material Weakness
  • 574595 2023-004
    Material Weakness Repeat
  • 1151037 2023-004
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
84.425 Education Stabilization Fund $273,857
10.555 National School Lunch Program $231,981
93.276 Drug-Free Communities Support Program Grants $137,355
84.010 Title I Grants to Local Educational Agencies $81,849
84.358 Rural Education $41,448
10.553 School Breakfast Program $29,523
84.027 Special Education Grants to States $26,489
84.048 Career and Technical Education -- Basic Grants to States $15,901
84.367 Supporting Effective Instruction State Grants (formerly Improving Teacher Quality State Grants) $14,086
84.424 Student Support and Academic Enrichment Program $10,000
84.356 Alaska Native Educational Programs $1,000