FAC Explorer

Finding 2209 (2022-002)

Material Weakness
Requirement
ABEILN
Questioned Costs
-
Year
2022
Accepted
2023-11-20
Audit: 3787
Organization: Albia Community School District (IA)
Auditor: Nolte Cornman & Johnson PC

AI Summary

  • Core Issue: One employee has too much control over critical financial areas, risking incompatible duties.
  • Impacted Requirements: This violates the principle of segregation of duties, essential for internal controls.
  • Recommended Follow-up: Review and redistribute responsibilities to ensure proper checks and balances are in place.

Finding Text

One important aspect of the internal control structure is the segregation of duties among employees to prevent an individual employee from handling duties which are incompatible. We noted one individual has control over portions of one or more of the following areas for the District relating to major federal programs; cash, investments, receipts, capital assets and financial reporting. See finding 2022-001.

Categories

Internal Control / Segregation of Duties Reporting

Other Findings in this Audit

  • 2206 2022-002
    Material Weakness
  • 2207 2022-002
    Material Weakness
  • 2208 2022-002
    Material Weakness
  • 578648 2022-002
    Material Weakness
  • 578649 2022-002
    Material Weakness
  • 578650 2022-002
    Material Weakness
  • 578651 2022-002
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
10.555 National School Lunch Program $606,611
84.425 Education Stabilization Fund $269,586
84.010 Title I Grants to Local Educational Agencies $245,870
10.553 School Breakfast Program $210,701
84.367 Improving Teacher Quality State Grants $39,614
84.424 Student Support and Academic Enrichment Program $16,011
84.048 Career and Technical Education -- Basic Grants to States $14,002
84.027 Special Education_grants to States $8,196
10.556 Special Milk Program for Children $2,421
10.559 Summer Food Service Program for Children $1,681
10.649 Pandemic Ebt Administrative Costs $614