FAC Explorer

Finding 42964 (2022-001)

Material Weakness Repeat Finding
Requirement
L
Questioned Costs
-
Year
2022
Accepted
2023-03-08
Audit: 45457
Organization: Lyman School District No. 42-1 (SD)
Auditor: Schoenfish & CO INC

AI Summary

  • Answer: There is a material weakness in internal controls related to revenue management.
  • Trend: This issue highlights ongoing concerns about compliance with reporting requirements.
  • List: Follow up by implementing proper segregation of duties to strengthen internal controls.

Finding Text

A material weakness in internal controls was noted due to a lack of proper segregation of duties for revenues which affect the reporting compliance requirement category.

Corrective Action Plan

Renelle Uthe, Business Manager for the Lyman School District, is the contact person for this corrective action finding. Due to the size of the Lyman School District 42-1, we cannot staff at a level sufficient to provide an ideal environment for internal controls. We are aware of this problem and have developed an Internal Control Policy to reduce the risk to an acceptable level.

Categories

Internal Control / Segregation of Duties Material Weakness Reporting

Other Findings in this Audit

  • 42965 2022-001
    Material Weakness Repeat
  • 42966 2022-001
    Material Weakness Repeat
  • 42967 2022-001
    Material Weakness Repeat
  • 42968 2022-001
    Material Weakness Repeat
  • 619406 2022-001
    Material Weakness Repeat
  • 619407 2022-001
    Material Weakness Repeat
  • 619408 2022-001
    Material Weakness Repeat
  • 619409 2022-001
    Material Weakness Repeat
  • 619410 2022-001
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
84.041 Impact Aid $654,922
84.010 Title I Grants to Local Educational Agencies $459,687
10.555 National School Lunch Program $201,726
84.367 Improving Teacher Quality State Grants $101,077
10.553 School Breakfast Program $63,250
84.424 Student Support and Academic Enrichment Program $43,749
84.027 Special Education_grants to States $29,321
84.425 Education Stabilization Fund $12,318
84.358 Rural Education $11,778
45.310 Grants to States $9,952
10.582 Fresh Fruit and Vegetable Program $7,420
84.173 Special Education_preschool Grants $2,596