FAC Explorer

Finding 392640 (2022-002)

Material Weakness Repeat Finding
Requirement
ABFL
Questioned Costs
-
Year
2022
Accepted
2024-04-09
Audit: 302944
Organization: Eddyville-Blakesburg-Fremont Community School District (IA)
Auditor: Nolte Cornman & Johnson PC

AI Summary

  • Core Issue: One employee has too much control over critical financial areas, increasing the risk of errors or fraud.
  • Impacted Requirements: Segregation of duties is not being properly implemented, which is essential for effective internal controls.
  • Recommended Follow-Up: Review and adjust responsibilities to ensure no single employee manages incompatible duties across major federal program areas.

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 major federal programs; cash, receipts, disbursements, inventories, capital assets, wire transfers, payroll, financial reporting, and school lunch program. See finding 2022-001.

Categories

Internal Control / Segregation of Duties Reporting

Other Findings in this Audit

  • 392638 2022-002
    Material Weakness Repeat
  • 392639 2022-002
    Material Weakness Repeat
  • 392641 2022-002
    Material Weakness Repeat
  • 969080 2022-002
    Material Weakness Repeat
  • 969081 2022-002
    Material Weakness Repeat
  • 969082 2022-002
    Material Weakness Repeat
  • 969083 2022-002
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
10.555 National School Lunch Program $533,055
84.010 Title I Grants to Local Educational Agencies $151,434
10.553 School Breakfast Program $138,857
16.839 Stop School Violence $99,375
16.710 Public Safety Partnership and Community Policing Grants $45,000
32.009 Emergency Connectivity Fund Program $31,914
84.048 Career and Technical Education -- Basic Grants to States $25,939
84.367 Improving Teacher Quality State Grants $24,994
84.424 Student Support and Academic Enrichment Program $10,000
93.575 Child Care and Development Block Grant $9,000
84.425 Education Stabilization Fund $6,553
84.027 Special Education_grants to States $6,519
10.559 Summer Food Service Program for Children $3,346
93.658 Foster Care_title IV-E $1,750