FAC Explorer

Finding 409873 (2022-002)

Material Weakness
Requirement
BL
Questioned Costs
-
Year
2022
Accepted
2023-03-13
Audit: 311955
Organization: Solon Community School District (IA)
Auditor: Kay L Chapman CPA PC

AI Summary

  • Answer: The District failed to separate key financial duties, which is a significant control weakness.
  • Trend: This issue affects both revenue and expenditure processes, including federal program funds.
  • List: Recommended actions include implementing proper segregation of duties and regular audits to ensure compliance.

Finding Text

The District did not properly segregate custody, record-keeping and reconciling functions for revenues and expenditures, including those related to federal programs.

Corrective Action Plan

We have reviewed procedures and plan to make the necessary changes to improve internal control.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 409874 2022-002
    Material Weakness
  • 409875 2022-002
    Material Weakness
  • 409876 2022-002
    Material Weakness
  • 409877 2022-002
    Material Weakness
  • 409878 2022-002
    Material Weakness
  • 409879 2022-002
    Material Weakness Repeat
  • 409880 2022-002
    Material Weakness Repeat
  • 409881 2022-002
    Material Weakness Repeat
  • 986315 2022-002
    Material Weakness
  • 986316 2022-002
    Material Weakness
  • 986317 2022-002
    Material Weakness
  • 986318 2022-002
    Material Weakness
  • 986319 2022-002
    Material Weakness
  • 986320 2022-002
    Material Weakness
  • 986321 2022-002
    Material Weakness Repeat
  • 986322 2022-002
    Material Weakness Repeat
  • 986323 2022-002
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
10.555 National School Lunch Program $919,289
84.425 Education Stabilization Fund $216,852
10.553 School Breakfast Program $162,323
10.559 Summer Food Service Program for Children $84,050
84.041 Impact Aid $83,094
84.027 Special Education_grants to States $59,205
84.010 Title I Grants to Local Educational Agencies $32,465
93.575 Child Care and Development Block Grant $26,947
84.367 Improving Teacher Quality State Grants $17,094
84.424 Student Support and Academic Enrichment Program $16,320
84.048 Career and Technical Education -- Basic Grants to States $9,483
10.579 Child Nutrition Discretionary Grants Limited Availability $1,000