Finding 385527 (2022-002)

Material Weakness Repeat Finding

Requirement

ABFL

Questioned Costs

-

Year

2022

Accepted

2024-03-27

Audit: 298308

Organization: Agwsr Community School District (IA)

Auditor: Nolte Cornman & Johnson

AI Summary

Core Issue: One employee has too much control over multiple financial areas, increasing the risk of errors or fraud.
Impacted Requirements: Segregation of duties is not being properly enforced, which is essential for internal controls.
Recommended Follow-Up: Review and adjust responsibilities to ensure duties are separated among different employees.

Finding Text

One important aspect of the internal control structure is the segregation of duties among employees to prevent an individual employee from handling duties which are incompatible. We noted one individual has control over portions of one or more of the following areas for the District relating to federal programs; cash, investments, receipts, disbursements, payroll, financial reporting, School lunch program and journal entries. See finding 2022-001

Programs in Audit

ALN	Program Name	Expenditures
84.425	Education Stabilization Fund	$769,307
10.555	National School Lunch Program	$440,446
93.575	Child Care and Development Block Grant	$391,586
84.010	Title I Grants to Local Educational Agencies	$79,297
10.553	School Breakfast Program	$57,339
84.358	Rural Education	$38,581
10.558	Child and Adult Care Food Program	$19,804
84.367	Improving Teacher Quality State Grants	$16,368
84.048	Career and Technical Education -- Basic Grants to States	$13,551
84.424	Student Support and Academic Enrichment Program	$10,194
84.027	Special Education_grants to States	$4,933
10.559	Summer Food Service Program for Children	$1,866
10.649	Pandemic Ebt Administrative Costs	$1,228

Finding 385527 (2022-002)

AI Summary

Finding Text

Categories

Other Findings in this Audit

Programs in Audit