CORRECTIVE ACTION PLAN
February 8, 2024
To: U.S. Department of Education
North Fayette Valley Community School District respectfully submits the following corrective action plan for the year ended June 30, 2023.
Name and address of independent public accounting firm:
Hacker, Nelson & Co., CPAs
123 W. Water Street
Decorah, IA 52101
Audit period: Year ended June 30, 2023.
The findings from the June 30, 2023 schedule of findings and questioned costs is discussed below. The findings are numbered consistently with the numbers assigned in the schedule.
FINDINGS - FEDERAL AWARDS PROGRAM AUDIT
U.S. Department of Education:
2023:
Education Stabilization Fund (ESF):
Federal Assistance Listing Number 84.425B:
Discretionary Grants: Rethink K-12 Education Models (ARP)
Federal Assistance Listing Number 84.425C:
COVID-19 Governor’s Emergency Education Relief Fund (GEER II)
Federal Assistance Listing Number 84.425U:
American Rescue Plan - Elementary and Secondary School Emergency Relief (ARP ESSER III)
Federal Assistance Listing Number 84.010:
Title I Grants to Local Education Agencies
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FINDINGS - FEDERAL AWARDS PROGRAM AUDIT (Continued)
Material Weakness: See Finding 2023-001
Recommendation: The District should review the operating procedures of the District offices to obtain the maximum internal control possible under the circumstances utilizing currently available staff. While we do recognize that the District is not large enough to permit a segregation of duties for effective internal controls, we believe it is important the Board be aware that this condition does exist.
Action Taken: Management is cognizant of this limitation and will implement additional procedures where possible.
Anticipated Date of Completion: June 30, 2024
Material Weakness: See Finding 2023-002
Recommendation: The District should ensure bank reconciliations are being prepared and compared to the general ledger balance each month to investigate and resolve any variances in a timely manner.
Action Taken: In the future, we will perform bank reconciliations and compare to the general ledger each month.
Anticipated Date of Completion: June 30, 2024
If the U.S. Department of Education has questions regarding this plan, please call Kassie Stansbery, Business Manager/Treasurer, at 563-422-3851.
Sincerely yours,
Kassie Stansbery
North Fayette Valley Community School District
Business Manager/Treasurer
cc: Neil W. Schraeder, CPA