FAC Explorer

Finding 33364 (2022-003)

Material Weakness Repeat Finding
Requirement
BL
Questioned Costs
-
Year
2022
Accepted
2023-03-19
Audit: 37055
Organization: Mfl Marmac Community School District (IA)
Auditor: Kay L Chapman CPA PC

AI Summary

  • Answer: The District failed to separate key financial roles, which can lead to errors or fraud.
  • Trend: This issue affects both revenue and expenditure processes, including federal program funds.
  • List: Recommend implementing clear role divisions for custody, record-keeping, and reconciliation to enhance financial controls.

Finding Text

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

Categories

No categories assigned yet.

Other Findings in this Audit

  • 33362 2022-003
    Material Weakness Repeat
  • 33363 2022-003
    Material Weakness Repeat
  • 33365 2022-003
    Material Weakness Repeat
  • 609804 2022-003
    Material Weakness Repeat
  • 609805 2022-003
    Material Weakness Repeat
  • 609806 2022-003
    Material Weakness Repeat
  • 609807 2022-003
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
84.425 Education Stabilization Fund $725,640
10.555 National School Lunch Program $505,431
10.553 School Breakfast Program $95,312
10.559 Summer Food Service Program for Children $57,250
84.027 Special Education_grants to States $35,281
84.367 Improving Teacher Quality State Grants $26,660
84.048 Career and Technical Education -- Basic Grants to States $12,407
84.424 Student Support and Academic Enrichment Program $10,000
84.010 Title I Grants to Local Educational Agencies $4,654
10.649 Pandemic Ebt Administrative Costs $614