Finding 2196 (2023-001)

Material Weakness
Requirement
P
Questioned Costs
-
Year
2023
Accepted
2023-11-20
Audit: 3784
Organization: Indian Creek Cusd No. 425 (IL)

AI Summary

  • Answer: The District does not have proper segregation of duties for cash receipts.
  • Trend: This increases the risk of errors or fraud due to one person handling multiple financial tasks.
  • List: Implement a system where different individuals manage cash receipts, deposits, and bank reconciliations.

Finding Text

Criteria: The District must have a segregation of duties. Condition: The District lacks a segregation of duties over cash receipts. Context: The Bookkeeper records cash receipts, makes deposits, and performs bank reconciliations.

Categories

Internal Control / Segregation of Duties

Other Findings in this Audit

  • 2192 2023-001
    Material Weakness
  • 2193 2023-001
    Material Weakness
  • 2194 2023-001
    Material Weakness
  • 2195 2023-001
    Material Weakness
  • 2197 2023-002
    Material Weakness
  • 2198 2023-002
    Material Weakness
  • 2199 2023-002
    Material Weakness
  • 2200 2023-002
    Material Weakness
  • 2201 2023-002
    Material Weakness
  • 578634 2023-001
    Material Weakness
  • 578635 2023-001
    Material Weakness
  • 578636 2023-001
    Material Weakness
  • 578637 2023-001
    Material Weakness
  • 578638 2023-001
    Material Weakness
  • 578639 2023-002
    Material Weakness
  • 578640 2023-002
    Material Weakness
  • 578641 2023-002
    Material Weakness
  • 578642 2023-002
    Material Weakness
  • 578643 2023-002
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
84.425 Elementary and Secondary School Emergency Relief Grant $179,178
84.027 Special Education_grants to States $148,312
84.010 Title I Grants to Local Educational Agencies $125,707
10.555 National School Lunch Program $118,627
45.310 Arpa- Library Circulation and Collaboration Revitalization $53,973
10.560 State Administrative Expenses for Child Nutrition $26,439
84.367 Improving Teacher Quality State Grants $22,798
93.778 Medical Assistance Program $22,561
84.424 Student Support and Academic Enrichment Program $22,455
84.027 Arpa- Idea $22,331
10.555 Commodities $21,453
10.555 Dept. of Defense- Fresh Fruits and Veg $15,996
84.048 Career and Technical Education -- Basic Grants to States $12,677
84.173 Special Education_preschool Grants $3,255
84.173 Arpa- Ps $3,085
10.649 Pandemic Ebt Administrative Costs $628