FAC Explorer

Finding 30713 (2022-004)

Material Weakness Repeat Finding
Requirement
AB
Questioned Costs
-
Year
2022
Accepted
2023-03-28
Audit: 25638
Organization: Seymour Community School District (IA)
Auditor: Terpstra Hoke and Associates PC

AI Summary

  • Answer: The District failed to separate key financial duties, increasing the risk of errors and fraud.
  • Trend: This issue is consistent with previous findings, indicating a need for ongoing attention to internal controls.
  • List: Review and implement proper segregation of duties for custody, record keeping, payments, and reconciliations.

Finding Text

2022-004 Segregation of Duties The District did not properly segregate custody, record keeping, payment of disbursements and payroll, and reconciling functions for disbursements and payroll, including those related to federal programs. See 2022-001.

Corrective Action Plan

Contact Person Anticipated Comment Comment Corrective Title Date of Number Title Action Plan Phone Number Completion 2022-004 Segregation The corrective action plan was Mollie Banks FY23 of Duties documented in our response to Business Manager the auditor's comment. See the 641-898-2291 Schedule of Findings and Questioned Costs.

Categories

Internal Control / Segregation of Duties

Other Findings in this Audit

  • 30712 2022-003
    Material Weakness
  • 30714 2022-003
    Material Weakness
  • 30715 2022-004
    Material Weakness Repeat
  • 607154 2022-003
    Material Weakness
  • 607155 2022-004
    Material Weakness Repeat
  • 607156 2022-003
    Material Weakness
  • 607157 2022-004
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
84.425 Education Stabilization Fund $911,833
84.010 Title I Grants to Local Educational Agencies $195,763
10.555 National School Lunch Program $171,261
84.367 Supporting Effective Instruction State Grants $40,002
10.553 School Breakfast Program $38,725
84.424 Student Support and Academic Enrichment Program $10,672
84.358 Rural Education $5,617
84.048 Career and Technical Education - Basic Grants to States $4,891
10.559 Summer Food Service Program for Children $2,995
84.027 Special Education Grants to States $1,903