Finding 35630 (2022-001)

Material Weakness Repeat Finding
Requirement
L
Questioned Costs
-
Year
2022
Accepted
2023-06-19
Audit: 24114
Organization: Waubay School District 18-3 (SD)

AI Summary

  • Answer: There is a material weakness in internal controls related to revenue management.
  • Trend: This issue highlights ongoing concerns about compliance with reporting requirements.
  • List: Follow up by implementing proper segregation of duties to strengthen internal controls.

Finding Text

A material weakness in internal controls was noted due to a lack of proper segregation of duties for revenues which affect the reporting compliance requirement category.

Corrective Action Plan

Waubay School District Business Official, Marie J. Hlavacek, is the contact person responsible for the corrective action plan for this finding. The finding is due to limited staff employed within the Waubay School's Business Office. Staffing the office at an efficient and financially feasible level precludes the hiring of adequate personnel to provide an ideal environment for internal controls. Waubay School District has adopted an Internal Controls and Procedures policy in February 2018. We are aware of the weakness in our internal controls and will adhere to policies and procedures we have in place to try to reduce the risk. This will be an ongoing finding and we will continue to monitor our processes.

Categories

Internal Control / Segregation of Duties Material Weakness Reporting

Other Findings in this Audit

  • 35631 2022-001
    Material Weakness Repeat
  • 612072 2022-001
    Material Weakness Repeat
  • 612073 2022-001
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
84.425 Education Stabilization Fund $461,481
84.041 Impact Aid $373,926
84.010 Title I Grants to Local Educational Agencies $138,591
10.555 National School Lunch Program $104,948
84.367 Improving Teacher Quality State Grants $26,377
10.553 School Breakfast Program $24,966
84.060 Indian Education_grants to Local Educational Agencies $17,461
84.424 Student Support and Academic Enrichment Program $13,393
10.582 Fresh Fruit and Vegetable Program $7,275
84.358 Rural Education $3,657
84.027 Special Education_grants to States $2,998
84.048 Career and Technical Education -- Basic Grants to States $1,275