Finding Text
Criteria: Proper internal controls over accounting transactions would include the ability to segregate certain accounting functions in order to protect assets. Statement of Condition: Significant Deficiency - The District does not have sufficient staff base to properly segregate accounting functions. Cause: The Treasurer records all financial transactions. Effect: The results of our tests revealed no questioned costs or material misstatements. Recommendation: Both Tara Volesky, Treasurer and Joeseph Wood, Superintendent should be involved in the daily financial affairs of the District to include monthly ledgers, financial statements, bank statements and bank reconciliations. Views of Responsible Officials and Corrective Action: The District will strive to segregate as many accounting functions as practical with the limited staff available.