FAC Explorer

Finding 401687 (2021-001)

Material Weakness Repeat Finding
Requirement
ABFN
Questioned Costs
-
Year
2022
Accepted
2024-06-24
Audit: 309637
Organization: Municipality of Gregory (SD)
Auditor: Schoenfish & CO INC

AI Summary

  • Answer: There is a significant issue with internal controls related to revenue management.
  • Trend: This weakness indicates a pattern of insufficient checks and balances in financial processes.
  • List: Immediate action is needed to implement proper segregation of duties to enhance control effectiveness.

Finding Text

A material weakness in internal controls was noted due to a lack of proper segregation of duties for revenues.

Categories

Internal Control / Segregation of Duties Material Weakness

Other Findings in this Audit

  • 401686 2021-001
    Material Weakness Repeat
  • 978128 2021-001
    Material Weakness Repeat
  • 978129 2021-001
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
20.106 Airport Improvement Program $246,603
21.027 Coronavirus State and Local Fiscal Recovery Funds $111,051
10.351 Rural Business Development Grant $5,880
21.019 Coronavirus Relief Fund $2,756
39.003 Donation of Federal Surplus Personal Property $92