FAC Explorer

Finding 380802 (2023-002)

Material Weakness Repeat Finding
Requirement
G
Questioned Costs
-
Year
2023
Accepted
2024-03-18
Audit: 295528
Organization: East Sac County 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 or fraud.
  • Trend: This issue affects both revenue and expenditure management, including federal program funds.
  • List: Implement proper segregation of duties to enhance financial oversight and compliance.

Finding Text

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

Categories

No categories assigned yet.

Other Findings in this Audit

  • 380801 2023-002
    Material Weakness Repeat
  • 380803 2023-002
    Material Weakness Repeat
  • 957243 2023-002
    Material Weakness Repeat
  • 957244 2023-002
    Material Weakness Repeat
  • 957245 2023-002
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
84.425 Education Stabilization Fund $173,153
10.553 School Breakfast Program $74,878
10.555 National School Lunch Program $46,660
84.010 Title I Grants to Local Educational Agencies $43,360
84.027 Special Education_grants to States $37,873
10.559 Summer Food Service Program for Children $33,705
84.367 Improving Teacher Quality State Grants $30,105
84.424 Student Support and Academic Enrichment Program $10,846
84.048 Career and Technical Education -- Basic Grants to States $8,703