FAC Explorer

Finding 383490 (2023-003)

Material Weakness Repeat Finding
Requirement
ABFGLMN
Questioned Costs
-
Year
2023
Accepted
2024-03-21
Audit: 296546
Organization: Spirit Lake 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 affects compliance with federal program requirements and increases the risk of errors or fraud.
  • List: Review and implement proper segregation of duties to ensure accountability and compliance.

Finding Text

SEGREGATION OF DUTIES - THE DISTRICT DID NOT PROPERLY SEGREGATE CUSTODY, RECORD-KEEPING AND RECONCILING FUCTIONS, INCLUDING THOSE RELATED TO FEDERAL PROGRAMS. SEE 2023-001

Categories

Internal Control / Segregation of Duties

Other Findings in this Audit

  • 383486 2023-003
    Material Weakness Repeat
  • 383487 2023-003
    Material Weakness Repeat
  • 383488 2023-003
    Material Weakness Repeat
  • 383489 2023-003
    Material Weakness Repeat
  • 959928 2023-003
    Material Weakness Repeat
  • 959929 2023-003
    Material Weakness Repeat
  • 959930 2023-003
    Material Weakness Repeat
  • 959931 2023-003
    Material Weakness Repeat
  • 959932 2023-003
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
84.425 Education Stabilization Fund $403,323
84.010 Title I Grants to Local Educational Agencies $116,094
10.555 National School Lunch Program $60,723
84.027 Special Education_grants to States $49,119
10.553 School Breakfast Program $27,473
84.367 Improving Teacher Quality State Grants $22,903
84.424 Student Support and Academic Enrichment Program $10,000
84.048 Career and Technical Education -- Basic Grants to States $3,554