FAC Explorer

Finding 1222751 (2025-001)

Material Weakness Repeat Finding
Requirement
L
Questioned Costs
-
Year
2025
Accepted
2026-07-02
Audit: 406336
Organization: City of Massena (IA)
Auditor: AUDITOR OF STATE

AI Summary

  • Answer: One person manages multiple financial areas for the City, creating a risk of errors or fraud.
  • Trend: Centralized control over cash, debt, receipts, and disbursements is not aligned with best practices for financial oversight.
  • List: Recommend implementing checks and balances by separating duties in cash handling, debt management, and transaction processing.

Finding Text

One individual in the City has control over each of the following areas for the City: Cash – handling, reconciling and recording. Long-term debt – recordkeeping, compliance and debt payment processing. Receipts – opening mail, collecting, depositing, recording, reconciling and posting. Disbursements – purchasing, invoice processing, check writing, mailing, reconciling and recording.

Corrective Action Plan

We will review procedures and attempt to make the necessary changes by September 1, 2026 to improve internal control.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 1222752 2025-002
    Material Weakness Repeat
  • 1222753 2025-003
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
10.760 WATER AND WASTE DISPOSAL SYSTEMS FOR RURAL COMMUNITIES $1.85M