Finding 2124 (2023-001)

Significant Deficiency

Requirement

EILN

Questioned Costs

Year

2023

Accepted

2023-11-20

Audit: 3680

Organization: McCook Public School District No 17 (NE)

Auditor: Kso Cpa's PC

AI Summary

Core Issue: There is a failure to separate responsibilities, which increases the risk of errors or fraud.
Impacted Requirements: Key controls related to financial transactions and approvals are not adequately enforced.
Recommended Follow-Up: Implement a clear division of tasks among staff to enhance accountability and reduce risks.

Finding Text

LACK OF SEGREGATION OF DUTIES IN ONE OR MORE AREAS

Corrective Action Plan

The entity's Board continually evaluates the distribution of duties to employees and closely monitors all accounting functions. The School District has implemented controls within its accounting functions to mitigate the lack of segregation of duties but recognizes that this should still be a concern for the School District and the Board.

Other Findings in this Audit

2125 2023-001

Significant Deficiency
2126 2023-001

Significant Deficiency
2127 2023-001

Significant Deficiency
2128 2023-001

Significant Deficiency Repeat
578566 2023-001

Significant Deficiency
578567 2023-001

Significant Deficiency
578568 2023-001

Significant Deficiency
578569 2023-001

Significant Deficiency
578570 2023-001

Significant Deficiency Repeat

Programs in Audit

ALN	Program Name	Expenditures
84.425	Education Stabilization Fund	$303,192
84.010	Title I Grants to Local Educational Agencies	$262,312
10.553	School Breakfast Program	$82,424
10.555	National School Lunch Program	$61,046
84.027	Special Education_grants to States	$47,826
84.367	Improving Teacher Quality State Grants	$44,760
93.778	Medical Assistance Program	$31,969
84.424	Student Support and Academic Enrichment Program	$23,155
84.173	Special Education_preschool Grants	$16,218
10.559	Summer Food Service Program for Children	$12,295