FAC Explorer

Finding 383678 (2023-002)

Material Weakness Repeat Finding
Requirement
G
Questioned Costs
-
Year
2023
Accepted
2024-03-22
Audit: 296717
Organization: North Cedar Community School District (IA)
Auditor: Kay L Chapman CPA PC

AI Summary

  • Answer: The District failed to separate key financial duties, which is essential for preventing errors and fraud.
  • Trend: This issue affects both revenue and expenditure management, including federal program funds.
  • List: Recommend implementing clear roles for custody, record-keeping, and reconciliation to strengthen financial controls.

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

  • 383676 2023-002
    Material Weakness Repeat
  • 383677 2023-002
    Material Weakness Repeat
  • 960118 2023-002
    Material Weakness Repeat
  • 960119 2023-002
    Material Weakness Repeat
  • 960120 2023-002
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
84.425 Education Stabilization Fund $623,158
84.010 Title I Grants to Local Educational Agencies $131,782
10.553 School Breakfast Program $85,335
10.555 National School Lunch Program $39,742
84.027 Special Education_grants to States $32,989
10.558 Child and Adult Care Food Program $32,365
84.358 Rural Education $30,073
84.367 Improving Teacher Quality State Grants $20,626
84.424 Student Support and Academic Enrichment Program $10,000
84.048 Career and Technical Education -- Basic Grants to States $7,741