FAC Explorer

Finding 380492 (2023-002)

Material Weakness Repeat Finding
Requirement
G
Questioned Costs
-
Year
2023
Accepted
2024-03-15
Audit: 295259
Organization: East Buchanan Community School District (IA)
Auditor: Kay L Chapman CPA PC

AI Summary

  • Answer: The District failed to separate key financial duties, which can lead to errors and fraud.
  • Trend: This issue affects both revenue and expenditure processes, including federal program funds.
  • List: Recommend implementing clear roles for custody, record-keeping, and reconciliation to improve financial oversight.

Finding Text

The District did not properly segregate custody, record-keeping and reonciling functions for revenues and expenditures, including those related to federal programs. See 2023-001.

Corrective Action Plan

We have reviewed procedures and plan to make the necessary changes to improve internal control

Categories

No categories assigned yet.

Other Findings in this Audit

  • 380493 2023-002
    Material Weakness Repeat
  • 380494 2023-002
    Material Weakness Repeat
  • 380495 2023-002
    Material Weakness Repeat
  • 956934 2023-002
    Material Weakness Repeat
  • 956935 2023-002
    Material Weakness Repeat
  • 956936 2023-002
    Material Weakness Repeat
  • 956937 2023-002
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
84.425 Education Stabilization Fund $270,498
84.010 Title I Grants to Local Educational Agencies $72,441
93.654 Indian Health Service Behavioral Health Programs $54,974
84.358 Rural Education $45,210
10.555 National School Lunch Program $38,139
93.600 Head Start $27,875
10.553 School Breakfast Program $24,608
84.027 Special Education_grants to States $24,594
84.367 Improving Teacher Quality State Grants $13,216
84.424 Student Support and Academic Enrichment Program $10,000
84.048 Career and Technical Education -- Basic Grants to States $8,855