FAC Explorer

Finding 370988 (2022-002)

Material Weakness Repeat Finding
Requirement
ABEILN
Questioned Costs
-
Year
2022
Accepted
2024-02-28
Audit: 292613
Organization: Chariton Community School District (IA)
Auditor: Nolte Cornman & Johnson

AI Summary

  • Core Issue: One employee has too much control over key financial areas, risking incompatible duties.
  • Impacted Requirements: This violates the principle of segregation of duties, essential for internal controls.
  • Recommended Follow-Up: Review and redistribute responsibilities to ensure no single employee manages conflicting tasks.

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 major federal programs: cash, disbursements, journal entries and financial reporting. See finding 2022-001.

Corrective Action Plan

We will continue to review procedures to obtain maximum internal control.

Categories

Internal Control / Segregation of Duties Reporting

Other Findings in this Audit

  • 370989 2022-002
    Material Weakness Repeat
  • 947430 2022-002
    Material Weakness Repeat
  • 947431 2022-002
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
10.555 National School Lunch Program $723,136
84.010 Title I Grants to Local Educational Agencies $278,523
10.553 School Breakfast Program $175,378
84.027 Special Education_grants to States $61,761
10.579 Child Nutrition Discretionary Grants Limited Availability $42,000
84.048 Career and Technical Education -- Basic Grants to States $33,623
84.367 Improving Teacher Quality State Grants $30,335
84.425 Education Stabilization Fund $9,807
84.424 Student Support and Academic Enrichment Program $9,757
84.405 Teacher Quality Partnerships, Recover Act $9,528
84.358 Rural Education $4,999
10.649 Pandemic Ebt Administrative Costs $614