FAC Explorer

Finding 398999 (2021-001)

Material Weakness Repeat Finding
Requirement
ABCEIJN
Questioned Costs
-
Year
2021
Accepted
2024-05-30
Audit: 307607
Organization: Newell-Fonda Community School District (IA)
Auditor: Cornwell Frideres Maher & Associates P L C

AI Summary

  • Answer: The district failed to properly separate duties related to custody, record-keeping, and reconciling functions.
  • Trend: This issue affects compliance with federal program requirements and increases the risk of errors or fraud.
  • List: Recommend implementing clear role definitions and checks to ensure proper segregation of duties moving forward.

Finding Text

SEGREGATION OF DUTIES - THE DISTRICT DID NOT PROPERLY SEGREGATE CUSTODY, RECORD-KEEPING AND RECONCILING FUNCTIONS, INCLUDING THOSE RELATED TO FEDERAL PROGRAMS. SEE II-A-21.

Corrective Action Plan

SEE RESPONSE AND CORRECTIVE ACTION PLAN AT II-A-21.

Categories

Internal Control / Segregation of Duties

Other Findings in this Audit

  • 399000 2021-001
    Material Weakness Repeat
  • 399001 2021-001
    Material Weakness Repeat
  • 975441 2021-001
    Material Weakness Repeat
  • 975442 2021-001
    Material Weakness Repeat
  • 975443 2021-001
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
10.559 Summer Food Service Program for Children $337,911
84.010 Title I Grants to Local Educational Agencies $97,797
93.575 Child Care and Development Block Grant $64,555
10.555 National School Lunch Program $47,872
84.358 Rural Education $37,983
84.027 Special Education_grants to States $21,181
84.367 Improving Teacher Quality State Grants $12,231
10.558 Child and Adult Care Food Program $12,110
84.424 Student Support and Academic Enrichment Program $10,000
84.048 Career and Technical Education -- Basic Grants to States $5,449
84.425 Education Stabilization Fund $5,016