Finding 37995 (2022-003)

Material Weakness

Requirement

ABEILN

Questioned Costs

Year

2022

Accepted

2023-03-28

Audit: 36813

Organization: South Hamilton Community School District (IA)

Auditor: Cornwell Frideres Maher & Associates P L C

AI Summary

Answer: The district failed to properly separate duties related to custody, record-keeping, and reconciling functions.
Trend: This issue is consistent with previous findings, indicating ongoing weaknesses in internal controls.
List: Review and implement proper segregation of duties, especially for federal programs, to enhance accountability and reduce risk.

Finding Text

2022-003 SEGREGATION OF DUTIES - THE DISTRICT DID NOT PROPERLY SEGREGATE CUSTODY, RECORD-KEEPING AND RECONCILING FUNCTIONS, INCLUDING THOSE RELATED TO FEDERAL PROGRAMS. SEE 2022-001.

Corrective Action Plan

COMMENT COMMENT CORRECTIVE ACTION PLAN CONTACT PERSON, TITLE, ANTICIPATED DATE REFERENCE TITLE PHONE NUMBER OF COMPLETION 2022-001 SEGREGATION SEE RESPONSE AND CORRECTIVE JANET GREUFE N/A OF DUTIES ACTION PLAN AT 2022-001. BUSINESS MANAGER 515-827-5479 2022-002 PREPARATION OF SEE RESPONSE AND CORRECTIVE JANET GREUFE N/A FINANCIAL ACTION PLAN AT 2022-002. BUSINESS MANAGER STATEMENTS 515-827-5479

Other Findings in this Audit

37996 2022-003

Material Weakness
37997 2022-003

Material Weakness
614437 2022-003

Material Weakness
614438 2022-003

Material Weakness
614439 2022-003

Material Weakness

Programs in Audit

ALN	Program Name	Expenditures
10.555	National School Lunch Program	$492,208
10.553	School Breakfast Program	$91,072
84.010	Title I Grants to Local Educational Agencies	$73,373
84.367	Improving Teacher Quality State Grants	$13,145
84.424	Student Support and Academic Enrichment Program	$10,000
84.048	Career and Technical Education -- Basic Grants to States	$7,612
84.027	Special Education_grants to States	$4,300
84.425	Education Stabilization Fund	$2,542
10.556	Special Milk Program for Children	$778