Finding 386883 (2023-001)

Material Weakness Repeat Finding
Requirement
ABFN
Questioned Costs
-
Year
2023
Accepted
2024-03-28

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

The Corsica-Stickney School District Business Manager, Angela Feenstra, is the contact person responsible for the corrective action plan for this finding. This finding is due to the limited number of staff employed in the district's business office. Staffing the office at an efficient and financially feasible level precludes the hiring of adequate personnel to provide an ideal environment for the internal controls. Corsica-Stickney School District adopted an Internal Controls and Procedures policy in May 2018. 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

  • 386884 2023-001
    Material Weakness Repeat
  • 963325 2023-001
    Material Weakness Repeat
  • 963326 2023-001
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
84.425 Education Stabilization Fund $478,745
84.010 Title I Grants to Local Educational Agencies $104,502
84.027 Special Education_grants to States $76,868
10.555 National School Lunch Program $61,362
84.367 Improving Teacher Quality State Grants $22,268
84.358 Rural Education $12,519
84.424 Student Support and Academic Enrichment Program $11,570
10.553 School Breakfast Program $10,735
10.579 Child Nutrition Discretionary Grants Limited Availability $7,376
84.173 Special Education_preschool Grants $1,699
39.003 Donation of Federal Surplus Personal Property $106