FAC Explorer

Finding 395675 (2022-002)

Material Weakness Repeat Finding
Requirement
ABEILN
Questioned Costs
-
Year
2022
Accepted
2024-05-02
Audit: 305301
Organization: Humboldt Community School District (IA)
Auditor: Nolte Cornman & Johnson PC

AI Summary

  • Core Issue: One employee has too much control over critical financial areas, risking incompatible duties.
  • Impacted Requirements: This affects compliance with internal control standards for major federal programs.
  • Recommended Follow-Up: Implement proper segregation of duties to enhance oversight and reduce risk.

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, investments, receipts, disbursements, inventories, wire transfers, journal entries, financial reporting and school lunch program. See finding 2022-001.

Corrective Action Plan

The District will continue to review procedures to obtain the maximum internal control possible utilizing current personnel.

Categories

Internal Control / Segregation of Duties Reporting

Other Findings in this Audit

  • 395676 2022-002
    Material Weakness Repeat
  • 395677 2022-002
    Material Weakness Repeat
  • 395678 2022-002
    Material Weakness Repeat
  • 395679 2022-002
    Material Weakness Repeat
  • 395680 2022-002
    Material Weakness Repeat
  • 395681 2022-002
    Material Weakness Repeat
  • 972117 2022-002
    Material Weakness Repeat
  • 972118 2022-002
    Material Weakness Repeat
  • 972119 2022-002
    Material Weakness Repeat
  • 972120 2022-002
    Material Weakness Repeat
  • 972121 2022-002
    Material Weakness Repeat
  • 972122 2022-002
    Material Weakness Repeat
  • 972123 2022-002
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
10.555 National School Lunch Program $922,277
84.425 Education Stabilization Fund $889,825
84.010 Title I Grants to Local Educational Agencies $252,490
10.553 School Breakfast Program $128,514
10.556 Special Milk Program for Children $38,361
84.367 Improving Teacher Quality State Grants $32,219
66.039 National Clean Diesel Emissions Reduction Program $20,000
84.424 Student Support and Academic Enrichment Program $15,542
84.048 Career and Technical Education -- Basic Grants to States $15,328
84.027 Special Education_grants to States $9,355
10.559 Summer Food Service Program for Children $1,688
10.649 Pandemic Ebt Administrative Costs $614