FAC Explorer

Finding 42810 (2022-003)

Material Weakness
Requirement
BL
Questioned Costs
-
Year
2022
Accepted
2023-03-28
Audit: 38626
Organization: Northeast Community School District (IA)
Auditor: Kay Chapman CPA PC

AI Summary

  • Answer: The District failed to separate key financial duties, which increases the risk of errors and fraud.
  • Trend: This issue is consistent with previous audits, indicating a pattern of inadequate internal controls.
  • List: Immediate action is needed to implement proper segregation of duties and ensure compliance with federal program requirements.

Finding Text

The District did not properly segregated 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

  • 42811 2022-003
    Material Weakness
  • 619252 2022-003
    Material Weakness
  • 619253 2022-003
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
10.555 National School Lunch Program $578,437
84.425 Education Stabilization Fund $419,410
10.553 School Breakfast Program $136,906
84.027 Special Education_grants to States $25,108
84.367 Improving Teacher Quality State Grants $10,573
84.010 Title I Grants to Local Educational Agencies $8,380
84.424 Student Support and Academic Enrichment Program $7,390
84.365 English Language Acquisition State Grants $150