Finding 1163212 (2025-001)

Material Weakness Repeat Finding
Requirement
P
Questioned Costs
-
Year
2025
Accepted
2025-12-01
Audit: 372692
Organization: Southwest R-V School District (MO)
Auditor: THE CPA GROUP PC

AI Summary

  • Core Issue: The District lacks proper segregation of duties due to a limited number of staff, increasing the risk of errors or fraud.
  • Impacted Requirements: Employees have access to both physical assets and accounting records, violating best practices for internal controls.
  • Recommended Follow-Up: Management should acknowledge this limitation and consider alternative controls or training to mitigate risks despite staffing constraints.

Finding Text

Criteria: The District should be segregated so that no one employee has access to both physical assets and the related accounting records, or to all phases of a transaction. Condition: Because of a limited number of available personnel, it is not always possible to adequately segregate certain incompatible duties so that no one employee has access to both physical assets and the related accounting records, or to all phases of a transaction. The District has one full time bookkeeper, and accounts payable position to handle the accounting needs of the district. There are some mitigating controls in place but it is not possible to have segregation in all areas. Effect: Risk is present that errors or irregularities in amounts that would be material to the basic financial statements may occur and not be detected within a timely period by employees in the normal course of preforming their assigned functions. Recommendation: Because of limited resources and personnel, management may not be able to achieve a proper segregation of duties; however, our professional standards require that we bring this lack of segregation of duties to your attention in this report. Views of responsible officials and planned corrective actions: The limited number of available personnel prohibits segregation of incompatible duties and the district does not have the resources to hire additional accounting personnel.

Corrective Action Plan

CORRECTIVE ACTION PLAN August 12, 2025 UNITED STATES DEPARTMENT OF EDUCATION UNITED STATES DEPARTMENT OF AGRICULTURE Southwest R-V School District respectfully submits the following corrective action plan for the year ended June 30, 2025. Contact information for the individual responsible for the corrective action: Dr. Tosha Tilford, Superintendent Southwest R-V School District 529 Pineville Road Washburn, MO 65772 (417) 826-5410 Independent Public Accounting Firm: The CPA Group, PC, 217 4th Street, Monett, MO 65708 Audit Period: Year ended June 30, 2025 The findings from the June 30, 2025, Schedule of Findings and Questioned Costs are discussed below. The findings are numbered consistently with the numbers assigned in the schedule. FINDINGS – FINANCIAL STATEMENT AUDIT Material Weakness – Internal Control over Financial Reporting - Segregation of duties Finding 2025-001 Recommendation: We realize Because of limited resources and personnel, management may not be able to achieve a proper segregation of duties; however, our professional standards require that we bring this lack of segregation of duties to your attention in this report. Action Taken: The limited number of available personnel prohibits segregation of incompatible duties and the District does not have the resources to hire additional accounting personnel. Completion Date: Not applicable Sincerely, Dr. Tosha Tilford, Superintendent Southwest R-V School District

Categories

Internal Control / Segregation of Duties HUD Housing Programs

Other Findings in this Audit

  • 1163193 2025-001
    Material Weakness Repeat
  • 1163194 2025-001
    Material Weakness Repeat
  • 1163195 2025-001
    Material Weakness Repeat
  • 1163196 2025-001
    Material Weakness Repeat
  • 1163197 2025-001
    Material Weakness Repeat
  • 1163198 2025-001
    Material Weakness Repeat
  • 1163199 2025-001
    Material Weakness Repeat
  • 1163200 2025-001
    Material Weakness Repeat
  • 1163201 2025-001
    Material Weakness Repeat
  • 1163202 2025-001
    Material Weakness Repeat
  • 1163203 2025-001
    Material Weakness Repeat
  • 1163204 2025-001
    Material Weakness Repeat
  • 1163205 2025-001
    Material Weakness Repeat
  • 1163206 2025-001
    Material Weakness Repeat
  • 1163207 2025-001
    Material Weakness Repeat
  • 1163208 2025-001
    Material Weakness Repeat
  • 1163209 2025-001
    Material Weakness Repeat
  • 1163210 2025-001
    Material Weakness Repeat
  • 1163211 2025-001
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
84.010 TITLE I GRANTS TO LOCAL EDUCATIONAL AGENCIES $348,786
10.555 NATIONAL SCHOOL LUNCH PROGRAM $205,509
10.553 SCHOOL BREAKFAST PROGRAM $75,730
10.565 COMMODITY SUPPLEMENTAL FOOD PROGRAM $43,494
84.027 SPECIAL EDUCATION GRANTS TO STATES $28,994
84.358 RURAL EDUCATION $28,448
84.424 STUDENT SUPPORT AND ACADEMIC ENRICHMENT PROGRAM $12,589
10.559 SUMMER FOOD SERVICE PROGRAM FOR CHILDREN $10,292
84.367 SUPPORTING EFFECTIVE INSTRUCTION STATE GRANTS (FORMERLY IMPROVING TEACHER QUALITY STATE GRANTS) $10,095
84.173 SPECIAL EDUCATION PRESCHOOL GRANTS $1,979
84.425 EDUCATION STABILIZATION FUND $500