FAC Explorer

Finding 3040 (2022-002)

Material Weakness
Requirement
ABEILN
Questioned Costs
-
Year
2022
Accepted
2023-12-01
Audit: 4992
Organization: St. Ansgar Community School District (IA)
Auditor: Nolte Cornman & Johnson PC

AI Summary

  • Core Issue: One employee has too much control over multiple financial areas, risking incompatible duties.
  • Impacted Requirements: This violates the principle of segregation of duties, which is crucial for internal controls.
  • Recommended Follow-Up: Review and redistribute responsibilities to ensure no single employee manages conflicting tasks.

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 federal programs; cash, receipts, disbursements, payroll, capital assets, computer systems, journal entries and financial reporting. See finding 2022-001.

Categories

Internal Control / Segregation of Duties Reporting

Other Findings in this Audit

  • 3039 2022-002
    Material Weakness
  • 579481 2022-002
    Material Weakness
  • 579482 2022-002
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
10.555 National School Lunch Program $341,232
84.425 Education Stabilization Fund $133,547
10.553 School Breakfast Program $131,109
84.010 Title I Grants to Local Educational Agencies $65,397
84.358 Rural Education $35,616
84.367 Improving Teacher Quality State Grants $17,614
84.048 Career and Technical Education -- Basic Grants to States $10,619
84.424 Student Support and Academic Enrichment Program $10,000
84.027 Special Education_grants to States $3,958