FAC Explorer

Finding 1181403 (2025-002)

Material Weakness Repeat Finding
Requirement
ABEILN
Questioned Costs
-
Year
2025
Accepted
2026-03-18
Audit: 392654
Organization: Sibley-Ocheyedan Community School District (IA)
Auditor: NOLTE CORNMAN & JOHNSON PC

AI Summary

  • Core Issue: One employee has too much control over critical financial areas, increasing the risk of errors or fraud.
  • Impacted Requirements: Segregation of duties is not being properly enforced, which is essential for effective internal controls.
  • Recommended Follow-Up: Review and redistribute responsibilities to ensure no single employee handles incompatible duties.

Finding Text

One important aspect of the internal control structure is the segregation of duties among employees to prevent an individual employee from handling duties which are incompatible. We noted one individual has control over portions of one or more of the following areas for the District relating to major federal programs; cash, investments, inventories, long term debt, receipts, disbursements, wire transfers, payroll, financial reporting, computer systems and journal entries. See finding 2025-001.

Corrective Action Plan

The District understands the nature of the weakness and the necessity of oversight and review procedures. The District will review its procedures and continue to implement changes.

Categories

Internal Control / Segregation of Duties Reporting

Other Findings in this Audit

  • 1181401 2025-002
    Material Weakness Repeat
  • 1181402 2025-002
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
10.555 NATIONAL SCHOOL LUNCH PROGRAM $277,529
84.010 TITLE I GRANTS TO LOCAL EDUCATIONAL AGENCIES $158,851
21.027 CORONAVIRUS STATE AND LOCAL FISCAL RECOVERY FUNDS $124,988
10.553 SCHOOL BREAKFAST PROGRAM $42,548
84.027 SPECIAL EDUCATION GRANTS TO STATES $30,825
10.559 SUMMER FOOD SERVICE PROGRAM FOR CHILDREN $28,529
84.367 SUPPORTING EFFECTIVE INSTRUCTION STATE GRANTS (FORMERLY IMPROVING TEACHER QUALITY STATE GRANTS) $24,934
84.425 EDUCATION STABILIZATION FUND $15,900
84.424 STUDENT SUPPORT AND ACADEMIC ENRICHMENT PROGRAM $10,000
84.048 CAREER AND TECHNICAL EDUCATION -- BASIC GRANTS TO STATES $7,106
84.365 ENGLISH LANGUAGE ACQUISITION STATE GRANTS $440