Finding Text
Criteria: The requirements for allowable costs and cost principles contained in 2 CFRT part 200, subpart E of the Uniform Guidance include a system of controls that conform with policies and procedures that apply uniformly to both federally financed and other activities of the entity. Condition: The District's current system of controls does not allow for proper segregation of duties over cash disbursements as they relate to federal and non-federal programs. Question costs: None. Context: One individual has the ability to record transactions in the accounting system, access checks, and authorize payments. Effect: The District does not have adequate segregation of duties in place over cash disbursements as they relate to federal and non-federal programs. Cause: The District currently does not have adequate staffing to properly implement a process that provides the required segregation of duties over cash disbursements. Management's response: Management is actively seeking another employee for the accounting department to remedy this issue.