FAC Explorer

Finding 194819 (2022-001)

Material Weakness Repeat Finding
Requirement
ABGJLMN
Questioned Costs
-
Year
2022
Accepted
2023-01-23
Audit: 178613
Organization: East Central Iowa Council of Governments (IA)
Auditor: Larry Pump CPA

AI Summary

  • Answer: The Agency failed to separate key financial duties, risking errors and fraud.
  • Trend: This issue is consistent with previous audits, indicating a persistent lack of internal controls.
  • List: Implement stronger controls by assigning different individuals to custody, recordkeeping, and reconciliation tasks.

Finding Text

Segregation of Duties over Federal Revenues and Expenses ? The Agency did not properly segregate custody, recordkeeping and reconciling functions for revenues and expenses, including those related to federal programs.

Corrective Action Plan

Due to the limited number of office employees, segregation of duties is very difficult. The Agency will try to segregate duties to the extent possible with current staff and board members.

Categories

Internal Control / Segregation of Duties

Other Findings in this Audit

  • 194820 2022-001
    Material Weakness Repeat
  • 194821 2022-001
    Material Weakness Repeat
  • 194822 2022-001
    Material Weakness Repeat
  • 194823 2022-001
    Material Weakness Repeat
  • 194824 2022-001
    Material Weakness Repeat
  • 194825 2022-001
    Material Weakness Repeat
  • 194826 2022-001
    Material Weakness Repeat
  • 194827 2022-001
    Material Weakness Repeat
  • 194828 2022-001
    Material Weakness Repeat
  • 771261 2022-001
    Material Weakness Repeat
  • 771262 2022-001
    Material Weakness Repeat
  • 771263 2022-001
    Material Weakness Repeat
  • 771264 2022-001
    Material Weakness Repeat
  • 771265 2022-001
    Material Weakness Repeat
  • 771266 2022-001
    Material Weakness Repeat
  • 771267 2022-001
    Material Weakness Repeat
  • 771268 2022-001
    Material Weakness Repeat
  • 771269 2022-001
    Material Weakness Repeat
  • 771270 2022-001
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
20.507 Federal Transit_formula Grants $897,125
20.513 Enhanced Mobility of Seniors and Individuals with Disabilities $319,834
11.307 Economic Adjustment Assistance $210,356
97.047 Pre-Disaster Mitigation $130,255
20.205 Highway Planning and Construction $119,517
20.526 Buses and Bus Facilities Formula, Competitive, and Low Or No Emissions Programs $91,246
11.302 Economic Development_support for Planning Organizations $70,000
20.505 Metropolitan Transportation Planning and State and Non-Metropolitan Planning and Research $13,866
20.509 Formula Grants for Rural Areas and Tribal Transit Program $7,270