Finding 42205 (2022-004)

Significant Deficiency Repeat Finding
Requirement
P
Questioned Costs
-
Year
2022
Accepted
2023-03-07
Audit: 38592
Organization: School District of Shiocton (WI)

AI Summary

  • Core Issue: The District failed to prepare required financial statements for federal and state awards, relying instead on auditors.
  • Impacted Requirements: This violates the Uniform Guidance and State Single Audit Guidelines, which mandate proper preparation of financial schedules.
  • Recommended Follow-Up: Allocate adequate time and resources for staff to prepare the schedules to ensure compliance moving forward.

Finding Text

2021-004 Financial Reporting for Federal and State Awards Condition: The Uniform Guidance and the State Single Audit Guidelines require the District to prepare appropriate financial statements, including the schedules of expenditures of federal and state awards. Criteria: Having staff prepare the District?s schedules of expenditures of federal and state awards is an internal control intended to prevent, detect and correct a potential misstatement in the schedules or accompanying notes to the schedules. Cause: The District has staff with the knowledge to prepare the schedules of federal and state awards, however sufficient time was not allocated to complete the schedules. Effect: The schedules of federal and state awards were not prepared by the District, instead they were prepared by the District?s auditors. Identification of a Repeat Finding: This is a new finding for the 2020-2021 fiscal year. Recommendation: The District should attempt to allocate sufficient time to complete the schedules of expenditures of federal and state awards. Views of Responsible Official: See District?s corrective action plan.

Corrective Action Plan

2021-004 Financial Reporting for Federal and State Awards The District will attempt to prepare the schedules of expenditures of federal and state awards in the future. Anticipated Corrective Action Plan Completion Date: Ongoing.

Categories

Reporting Internal Control / Segregation of Duties

Other Findings in this Audit

  • 42202 2022-001
    Significant Deficiency Repeat
  • 42203 2022-001
    Significant Deficiency Repeat
  • 42204 2022-001
    Significant Deficiency Repeat
  • 42206 2022-004
    Significant Deficiency Repeat
  • 42207 2022-004
    Significant Deficiency Repeat
  • 618644 2022-001
    Significant Deficiency Repeat
  • 618645 2022-001
    Significant Deficiency Repeat
  • 618646 2022-001
    Significant Deficiency Repeat
  • 618647 2022-004
    Significant Deficiency Repeat
  • 618648 2022-004
    Significant Deficiency Repeat
  • 618649 2022-004
    Significant Deficiency Repeat

Programs in Audit

ALN Program Name Expenditures
10.555 National School Lunch Program $402,452
84.027 Special Education_grants to States $188,936
84.425 Education Stabilization Fund $116,721
10.553 School Breakfast Program $83,622
93.778 Medical Assistance Program $66,831
84.010 Title I Grants to Local Educational Agencies $60,808
84.367 Improving Teacher Quality State Grants $15,498
84.424 Student Support and Academic Enrichment Program $10,162
84.173 Special Education_preschool Grants $4,640
16.839 Stop School Violence $3,980
84.048 Career and Technical Education -- Basic Grants to States $2,399