FAC Explorer

Finding 1206473 (2025-002)

Material Weakness Repeat Finding
Requirement
ABGHL
Questioned Costs
-
Year
2025
Accepted
2026-04-13
Audit: 398481
Organization: Boyer Valley Community School District (IA)
Auditor: NOLTE CORNMAN & JOHNSON PC

AI Summary

  • Core Issue: There is insufficient segregation of duties, allowing a few individuals to control critical financial areas.
  • Impacted Requirements: This affects compliance with internal control standards for major federal programs, including cash handling and payroll.
  • Recommended Follow-Up: Review and adjust roles to ensure proper segregation of duties across all financial areas to mitigate risks.

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 a limited number of individuals have control over portions of one or more of the following areas in for the District relating to major federal programs; cash, receipts, disbursements, capital assets, payroll, financial reporting, journal entries and school lunch program. See finding 2025-001.

Corrective Action Plan

The District will continue to evaluate business office procedures and implement additional controls where feasible. While staffing limitations prevent full segregation of duties, the District is committed to strengthening internal controls to reduce risk.

Categories

Internal Control / Segregation of Duties Reporting

Other Findings in this Audit

  • 1206471 2025-002
    Material Weakness Repeat
  • 1206472 2025-002
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
97.036 DISASTER GRANTS - PUBLIC ASSISTANCE (PRESIDENTIALLY DECLARED DISASTERS) $189,720
10.555 NATIONAL SCHOOL LUNCH PROGRAM $128,559
97.067 HOMELAND SECURITY GRANT PROGRAM $100,000
84.010 TITLE I GRANTS TO LOCAL EDUCATIONAL AGENCIES $72,241
93.575 CHILD CARE AND DEVELOPMENT BLOCK GRANT $63,611
84.425 EDUCATION STABILIZATION FUND $38,427
84.358 RURAL EDUCATION $37,719
10.553 SCHOOL BREAKFAST PROGRAM $29,691
84.027 SPECIAL EDUCATION GRANTS TO STATES $17,105
84.048 CAREER AND TECHNICAL EDUCATION -- BASIC GRANTS TO STATES $16,576
84.367 SUPPORTING EFFECTIVE INSTRUCTION STATE GRANTS (FORMERLY IMPROVING TEACHER QUALITY STATE GRANTS) $10,736
84.424 STUDENT SUPPORT AND ACADEMIC ENRICHMENT PROGRAM $10,000