FAC Explorer

Finding 386450 (2023-001)

Material Weakness Repeat Finding
Requirement
ABFN
Questioned Costs
-
Year
2023
Accepted
2024-03-27
Audit: 298800
Organization: Kimball School District No. 7-2 (SD)
Auditor: Schoenfish & CO INC

AI Summary

  • Answer: There is a material weakness in internal controls related to revenue management.
  • Trend: This issue highlights ongoing risks in compliance requirements.
  • List: Implement proper segregation of duties to strengthen internal controls.

Finding Text

A material weakness in internal controls was noted due to a lack of proper segregation of duties for revenues which affect the compliance requirement category.

Corrective Action Plan

Dr. Chris Noid is the contract person responsible for the corrective action plan for this finding. This finding is due to the limited number (one) of employees in the district's business office. Staffing the office at an efficient and financially feasible level precludes the hiring of enough personnel to provide an ideal environment for the internal controls. Kimball School District adopted an Internal Controls and Procedures policy in December 2017 and was updated in June 2021. We are aware of the weakness in internal controls and will adhere to policies and procedures we have in place while providing compensating controls to reduce the risk. This will be an ongoing process.

Categories

Internal Control / Segregation of Duties Material Weakness

Other Findings in this Audit

  • 386451 2023-001
    Material Weakness Repeat
  • 962892 2023-001
    Material Weakness Repeat
  • 962893 2023-001
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
84.425 Education Stabilization Fund $602,939
84.010 Title I Grants to Local Educational Agencies $122,173
10.555 National School Lunch Program $110,143
84.027 Special Education_grants to States $79,610
10.559 Summer Food Service Program for Children $52,922
10.553 School Breakfast Program $33,850
84.367 Improving Teacher Quality State Grants $31,965
84.358 Rural Education $19,226
84.424 Student Support and Academic Enrichment Program $14,800
10.582 Fresh Fruit and Vegetable Program $6,005
45.025 Promotion of the Arts_partnership Agreements $5,895
84.173 Special Education_preschool Grants $1,254