Finding 371202 (2022-002)

Material Weakness

Requirement

ABFL

Questioned Costs

-

Year

2022

Accepted

2024-02-29

Audit: 292886

Organization: Boyer Valley Community School District (IA)

Auditor: Nolte Cornman & Johnson PC

AI Summary

Core Issue: One employee has too much control over critical financial areas, which risks incompatible duties.
Impacted Requirements: This affects compliance with internal control standards for major federal programs.
Recommended Follow-Up: Implement proper segregation of duties to enhance internal controls 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 major federal programs; cash, receipts, disbursements, capital assets, payroll, financial reporting, journal entries and school lunch program. See finding 2022‑001.

Programs in Audit

ALN	Program Name	Expenditures
10.555	National School Lunch Program	$269,891
84.425	Education Stabilization Fund	$218,440
32.009	Emergency Connectivity Fund Program	$81,575
84.010	Title I Grants to Local Educational Agencies	$80,136
10.553	School Breakfast Program	$48,716
93.575	Child Care and Development Block Grant	$45,712
84.358	Rural Education	$38,069
84.367	Improving Teacher Quality State Grants	$14,344
84.424	Student Support and Academic Enrichment Program	$10,000
84.048	Career and Technical Education -- Basic Grants to States	$3,331
84.027	Special Education_grants to States	$2,838
10.649	Pandemic Ebt Administrative Costs	$614

Finding 371202 (2022-002)

AI Summary

Finding Text

Categories

Other Findings in this Audit

Programs in Audit