Finding 31562 (2022-001)

Material Weakness
Requirement
B
Questioned Costs
$1
Year
2022
Accepted
2023-01-22

AI Summary

  • Core Issue: Financial reports for reimbursement did not match accounting records, leading to discrepancies in reported expenditures.
  • Impacted Requirements: The District failed to use accounting software effectively, resulting in overreported employee benefits and misaligned accounting functions.
  • Recommended Follow-Up: Implement accounting software functionality, particularly responsibility codes, to ensure accurate tracking and reporting of program costs.

Finding Text

Criteria: Financial reports requesting reimbursement of expenditures should reconcile to accounting records. Condition: During our audit testing of expenditure reimbursement request reports, we noted the accounting records did not agree to the expenditure reimbursement request reports for various line items. Expenditure reimbursement request reports reflected expenditures in different accounting functions and line items that accounting records. Questioned Costs: $7,971. Context: The District did not use accounting software functionality to track program expenditures for this program. The District maintained a separate spreadsheet for program expenditures that did not agree entirely to accounting records. Effect: The District overreported employee benefits on expenditure reimbursement request reports, and the expenditure reimbursement request reports were difficult to reconcile to accounting records and misreported in terms of accounting function and object code. Cause: The District did not implement accounting software functionality that would have provided accurate reports in which to prepare expenditure reimbursement request reports. Recommendation: It is recommended that the District implement its accounting software functionality, specifically the usage of responsibility codes, to track program costs and prepare expenditure reimbursement request reports for this program. Management's Response: Management agrees with this finding and will implement the usage of responsibility codes for this program in the future.

Corrective Action Plan

Finding Synopsis: District reported program expenditures did not match District accounting records resulting in overreported program expenditures of $7,971. Action Steps: District will begin utilizing accounting software functionality designed to aid in proper expenditure reimbursement request reporting. Contact Person: Regina Johnson, Bookkeeper and Casie Bowman, Superintendent. Anticipated Completion Date: February 1, 2023.

Categories

Questioned Costs Cash Management Reporting

Other Findings in this Audit

  • 608004 2022-001
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
84.425 Education Stabilization Fund $211,163
10.555 National School Lunch Program $158,293
84.027 Special Education_grants to States $136,672
84.010 Title I Grants to Local Educational Agencies $136,302
10.553 School Breakfast Program $45,282
84.358 Rural Education $33,380
84.424 Student Support and Academic Enrichment Program $11,987
84.367 Improving Teacher Quality State Grants $11,924
93.778 Medical Assistance Program $8,606
84.173 Special Education_preschool Grants $4,100
84.048 Career and Technical Education -- Basic Grants to States $598