FAC Explorer

Finding 366897 (2023-001)

Material Weakness Repeat Finding
Requirement
ABCHIM
Questioned Costs
-
Year
2023
Accepted
2024-02-12
Audit: 290058
Organization: East Central Iowa Council of Governments (IA)
Auditor: Larry Pump CPA

AI Summary

  • Answer: The Agency failed to separate key financial duties, which is a repeat issue from last year.
  • Trend: This lack of segregation increases the risk of errors and fraud in managing federal revenues and expenses.
  • List: Recommend implementing clear roles for custody, recordkeeping, and reconciliation to address this ongoing problem.

Finding Text

Segregation of Duties over Federal Revenues and Expenses – The Agency did not properly segregate custody, recordkeeping and reconciling functions for revenues and expenses, including those related to federal programs. This comment was repeated from the prior year.

Categories

Internal Control / Segregation of Duties

Other Findings in this Audit

  • 366893 2023-001
    Material Weakness Repeat
  • 366894 2023-001
    Material Weakness Repeat
  • 366895 2023-001
    Material Weakness Repeat
  • 366896 2023-001
    Material Weakness Repeat
  • 366898 2023-001
    Material Weakness Repeat
  • 366899 2023-001
    Material Weakness Repeat
  • 366900 2023-001
    Material Weakness Repeat
  • 366901 2023-001
    Material Weakness Repeat
  • 943335 2023-001
    Material Weakness Repeat
  • 943336 2023-001
    Material Weakness Repeat
  • 943337 2023-001
    Material Weakness Repeat
  • 943338 2023-001
    Material Weakness Repeat
  • 943339 2023-001
    Material Weakness Repeat
  • 943340 2023-001
    Material Weakness Repeat
  • 943341 2023-001
    Material Weakness Repeat
  • 943342 2023-001
    Material Weakness Repeat
  • 943343 2023-001
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
20.507 Federal Transit_formula Grants $1.04M
20.513 Enhanced Mobility of Seniors and Individuals with Disabilities $595,543
20.205 Highway Planning and Construction $164,926
20.526 Buses and Bus Facilities Formula, Competitive, and Low Or No Emissions Programs $61,470
11.307 Economic Adjustment Assistance $33,142
97.047 Pre-Disaster Mitigation $28,730
20.505 Metropolitan Transportation Planning and State and Non-Metropolitan Planning and Research $24,231
11.302 Economic Development_support for Planning Organizations $22,238
20.509 Formula Grants for Rural Areas and Tribal Transit Program $7,764