FAC Explorer

Finding 1220216 (2025-004)

Material Weakness Repeat Finding
Requirement
P
Questioned Costs
-
Year
2025
Accepted
2026-06-29
Audit: 405327
Organization: Wayne Community School District (IA)
Auditor: RGE & ASSOCIATES

AI Summary

  • Answer: The district failed to separate key financial duties, which is a repeat issue.
  • Trend: This lack of segregation affects custody, recordkeeping, and reconciling functions, including those for federal programs.
  • List: Immediate action is needed to address these segregation issues to ensure compliance and reduce risk.

Finding Text

SEGREGATION OF DUTIES (REPEAT FINDING) - THE DISTRICT DID NOT PROPERLY SEGREGATE CUSTODY, RECORDKEEPING AND RECONCILING FUNCTIONS, INCLUDING THOSE RELATED TO FEDERAL PROGRAMS. SEE 2025-001.

Corrective Action Plan

WE WILL EVALUATE THIS AND ATTEMPT TO SEGRGATE DUTIES AS MUCH AS POSSIBLE.

Categories

Internal Control / Segregation of Duties

Programs in Audit

ALN Program Name Expenditures
84.425 EDUCATION STABILIZATION FUND $412,571
84.010 TITLE I GRANTS TO LOCAL EDUCATIONAL AGENCIES $175,890
10.555 NATIONAL SCHOOL LUNCH PROGRAM $172,475
10.553 SCHOOL BREAKFAST PROGRAM $50,959
10.559 SUMMER FOOD SERVICE PROGRAM FOR CHILDREN $30,269
84.027 SPECIAL EDUCATION GRANTS TO STATES $27,738
84.358 RURAL EDUCATION $25,643
84.367 SUPPORTING EFFECTIVE INSTRUCTION STATE GRANTS (FORMERLY IMPROVING TEACHER QUALITY STATE GRANTS) $21,767
84.424 STUDENT SUPPORT AND ACADEMIC ENRICHMENT PROGRAM $12,747
84.048 CAREER AND TECHNICAL EDUCATION -- BASIC GRANTS TO STATES $8,325