FAC Explorer

Finding 28511 (2022-003)

Material Weakness
Requirement
ABFGLMN
Questioned Costs
-
Year
2022
Accepted
2023-03-23
Audit: 31358
Organization: North Iowa Community School District (IA)
Auditor: Cornwell Frideres Maher & Associates P L C

AI Summary

  • Answer: The district failed to properly separate duties related to custody, record-keeping, and reconciling functions.
  • Trend: This issue is consistent with previous findings, indicating ongoing weaknesses in internal controls.
  • List: Review and implement proper segregation of duties, especially for federal programs, to enhance accountability and reduce risk.

Finding Text

2022-003 SEGREGATION OF DUTIES - THE DISTRICT DID NOT PROPERLY SEGREGATE CUSTODY, RECORD-KEEPING AND RECONCILING FUNCTIONS, INCLUDING THOSE RELATED TO FEDERAL PROGRAMS. SEE 2022-001.

Corrective Action Plan

COMMENT COMMENT CORRECTIVE ACTION PLAN CONTACT PERSON, TITLE, ANTICIPATED DATE REFERENCE TITLE PHONE NUMBER OF COMPLETION 2022-001 SEGREGATION SEE RESPONSE AND CORRECTIVE GWEN MATHAHS N/A OF DUTIES ACTION PLAN AT 2022-001. BUSINESS MANAGER 641-562-2525 2022-002 PREPARATION OF SEE RESPONSE AND CORRECTIVE GWEN MATHAHS N/A FINANCIAL ACTION PLAN AT 2022-002. BUSINESS MANAGER STATEMENTS 641-562-2525

Categories

Internal Control / Segregation of Duties

Other Findings in this Audit

  • 28512 2022-003
    Material Weakness
  • 28513 2022-003
    Material Weakness
  • 604953 2022-003
    Material Weakness
  • 604954 2022-003
    Material Weakness
  • 604955 2022-003
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
84.425 Education Stabilization Fund $462,802
84.184 Safe and Drug-Free Schools and Communities_national Programs $117,588
84.010 Title I Grants to Local Educational Agencies $69,760
10.553 School Breakfast Program $54,437
84.358 Rural Education $39,001
84.367 Improving Teacher Quality State Grants $14,123
84.424 Student Support and Academic Enrichment Program $10,000
84.048 Career and Technical Education -- Basic Grants to States $5,559
84.027 Special Education_grants to States $3,149
10.555 National School Lunch Program $2,730
10.649 Pandemic Ebt Administrative Costs $614
10.310 Agriculture and Food Research Initiative (afri) $414