FAC Explorer

Finding 369676 (2022-003)

Material Weakness
Requirement
ABEILN
Questioned Costs
-
Year
2022
Accepted
2024-02-19
Audit: 291081
Organization: Earlham Community School District (IA)
Auditor: Nolte Cornman & Johnson

AI Summary

  • Core Issue: One employee has too much control over critical areas, risking incompatible duties.
  • Impacted Requirements: This affects compliance with internal control standards for federal programs.
  • Recommended Follow-Up: Implement segregation of duties to enhance oversight and reduce risk.

Finding Text

One important aspect of the internal control structure is the segregation of duties among employees to prevent an individual employee from handling duties which are incompatible. We noted one individual has control over portions of one or more of the following areas for the District relating to federal programs; cash, investments, payroll, transfers, financial reporting, and computer systems. See finding 2022-001.

Corrective Action Plan

We will continue to review procedures and re-align duties to obtain the maximum internal control possible.

Categories

Internal Control / Segregation of Duties Reporting

Other Findings in this Audit

  • 369677 2022-003
    Material Weakness
  • 946118 2022-003
    Material Weakness
  • 946119 2022-003
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
84.425 Education Stabilization Fund $328,784
10.555 National School Lunch Program $325,952
84.010 Title I Grants to Local Educational Agencies $53,334
10.553 School Breakfast Program $50,635
84.358 Rural Education $42,317
84.367 Improving Teacher Quality State Grants $10,513
84.424 Student Support and Academic Enrichment Program $10,000
84.048 Career and Technical Education -- Basic Grants to States $4,399
84.027 Special Education_grants to States $4,053