Finding 21642 (2022-001)

Material Weakness Repeat Finding
Requirement
L
Questioned Costs
-
Year
2022
Accepted
2023-06-11

AI Summary

  • Answer: There is a material weakness in internal controls related to revenue management.
  • Trend: This issue highlights ongoing concerns about compliance with reporting requirements.
  • List: Follow up by implementing proper segregation of duties to strengthen internal controls.

Finding Text

A material weakness in internal controls was noted due to a lack of proper segregation of duties for revenues which affect the reporting compliance requirement category.

Corrective Action Plan

The Jones County School District 37-3 has considered the lack of segregation of duties. At this time, it is not cost effective for the District to hire the additional staff needed to achieve segregation of duties. The District is aware of the continued weakness in internal controls and will continue to develop policies and procedures and provide on-going controls to reduce the risk. The school board will continue to monitor the necessity to have segregation of duties to secure financial integrity and implement such a segregation as budget dollars and board authority allow.

Categories

Internal Control / Segregation of Duties Material Weakness Reporting

Other Findings in this Audit

  • 21643 2022-001
    Material Weakness Repeat
  • 598084 2022-001
    Material Weakness Repeat
  • 598085 2022-001
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
84.425 Education Stabilization Fund $292,357
10.555 National School Lunch Program $124,398
84.010 Title I Grants to Local Educational Agencies $71,830
10.553 School Breakfast Program $27,131
84.367 Improving Teacher Quality State Grants $13,646
84.027 Special Education_grants to States $10,685
84.424 Student Support and Academic Enrichment Program $10,000
84.358 Rural Education $8,893
15.227 Distribution of Receipts to State and Local Governments $3,181
84.173 Special Education_preschool Grants $946