FAC Explorer

Finding 1223482 (2025-003)

Material Weakness Repeat Finding
Requirement
ABGHILM
Questioned Costs
-
Year
2025
Accepted
2026-07-09
Audit: 406845
Organization: Spirit Lake Community School District (IA)
Auditor: CORNWELL FRIDERES MAHER & ASSOCIATES P L C

AI Summary

  • Answer: The district failed to properly separate duties related to custody, record-keeping, and reconciliation.
  • Trend: This issue affects compliance with federal program requirements and increases the risk of errors or fraud.
  • List: Recommend implementing clear role definitions and checks to ensure proper segregation of duties.

Finding Text

SEGREGATION OF DUTIES - THE DISTRICT DID NOT PROPERLY SEGREGATE CUSTODY, RECORD-KEEPING AND RECONCILING FUCTIONS, INCLUDING THOSE RELATED TO FEDERAL PROGRAMS. SEE 2025-001

Corrective Action Plan

SEE RESPONSE AND CORRECTIVE ACTION PLAN AT 2025-001

Categories

Internal Control / Segregation of Duties

Other Findings in this Audit

  • 1223480 2025-003
    Material Weakness Repeat
  • 1223481 2025-003
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
10.555 NATIONAL SCHOOL LUNCH PROGRAM $306,748
21.027 CORONAVIRUS STATE AND LOCAL FISCAL RECOVERY FUNDS $150,000
84.010 TITLE I GRANTS TO LOCAL EDUCATIONAL AGENCIES $103,391
84.425 EDUCATION STABILIZATION FUND $62,139
84.027 SPECIAL EDUCATION GRANTS TO STATES $49,109
16.710 PUBLIC SAFETY PARTNERSHIP AND COMMUNITY POLICING GRANTS $36,544
10.553 SCHOOL BREAKFAST PROGRAM $33,582
84.367 SUPPORTING EFFECTIVE INSTRUCTION STATE GRANTS (FORMERLY IMPROVING TEACHER QUALITY STATE GRANTS) $23,049
84.424 STUDENT SUPPORT AND ACADEMIC ENRICHMENT PROGRAM $13,824
84.048 CAREER AND TECHNICAL EDUCATION -- BASIC GRANTS TO STATES $4,519