FAC Explorer

Finding 1166199 (2025-002)

Material Weakness Repeat Finding
Requirement
P
Questioned Costs
-
Year
2025
Accepted
2025-12-22
Audit: 377090
Organization: Riverside Community School District (IA)
Auditor: SCHROER & ASSOCIATES PC

AI Summary

  • Answer: The District failed to separate key financial duties, which increases the risk of errors or fraud.
  • Trend: This issue is consistent with previous audits, indicating a lack of improvement in internal controls.
  • List: Immediate action is needed to implement proper segregation of duties, especially for federal program transactions.

Finding Text

Segregation of Duties – The District did not properly segregate custody, record-keeping and reconciling functions for receipts and disbursements, including those related to federal programs

Corrective Action Plan

We will continue to review our procedure and implement controls when possible

Categories

Internal Control / Segregation of Duties

Other Findings in this Audit

  • 1166196 2025-002
    Material Weakness Repeat
  • 1166197 2025-002
    Material Weakness Repeat
  • 1166198 2025-002
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
10.555 NATIONAL SCHOOL LUNCH PROGRAM $216,107
84.425 EDUCATION STABILIZATION FUND $203,088
10.559 SUMMER FOOD SERVICE PROGRAM FOR CHILDREN $127,212
84.010 TITLE I GRANTS TO LOCAL EDUCATIONAL AGENCIES $86,939
10.553 SCHOOL BREAKFAST PROGRAM $57,526
84.027 SPECIAL EDUCATION GRANTS TO STATES $50,840
66.039 DIESEL EMISSION REDUCTION ACT (DERA) NATIONAL GRANTS $34,750
93.575 CHILD CARE AND DEVELOPMENT BLOCK GRANT $28,000
84.367 SUPPORTING EFFECTIVE INSTRUCTION STATE GRANTS (FORMERLY IMPROVING TEACHER QUALITY STATE GRANTS) $12,417
21.027 CORONAVIRUS STATE AND LOCAL FISCAL RECOVERY FUNDS $11,629
84.424 STUDENT SUPPORT AND ACADEMIC ENRICHMENT PROGRAM $10,000
10.582 FRESH FRUIT AND VEGETABLE PROGRAM $5,307
84.048 CAREER AND TECHNICAL EDUCATION -- BASIC GRANTS TO STATES $4,881
10.185 LOCAL FOOD FOR SCHOOLS COOPERATIVE AGREEMENT PROGRAM $1,924