FAC Explorer

Finding 26239 (2022-002)

Material Weakness Repeat Finding
Requirement
BL
Questioned Costs
-
Year
2022
Accepted
2023-03-19
Audit: 17952
Organization: West Branch Community School District (IA)
Auditor: Kay L Chapman

AI Summary

  • Answer: The District failed to separate key financial duties, which is a significant control weakness.
  • Trend: This issue affects both revenue and expenditure processes, including federal program funds.
  • List: Recommended actions include implementing proper segregation of duties and regular audits to ensure compliance.

Finding Text

The District did not properly segregate custody, record-keeping and reconciling functions for revenues and expenditures, including those related to federal programs.

Corrective Action Plan

We have reviewed procedures and plan to make the necessary changes to improve internal control.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 26240 2022-002
    Material Weakness Repeat
  • 26241 2022-002
    Material Weakness Repeat
  • 26242 2022-002
    Material Weakness Repeat
  • 602681 2022-002
    Material Weakness Repeat
  • 602682 2022-002
    Material Weakness Repeat
  • 602683 2022-002
    Material Weakness Repeat
  • 602684 2022-002
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
10.555 National School Lunch Program $383,746
84.425 Education Stabilization Fund $352,538
84.010 Title I Grants to Local Educational Agencies $65,027
10.553 School Breakfast Program $41,850
84.027 Special Education_grants to States $33,686
10.559 Summer Food Service Program for Children $33,122
84.367 Improving Teacher Quality State Grants $17,516
84.424 Student Support and Academic Enrichment Program $10,000
84.048 Career and Technical Education -- Basic Grants to States $4,077
10.649 Pandemic Ebt Administrative Costs $614