FAC Explorer

Finding 42968 (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.

Categories

Internal Control / Segregation of Duties Material Weakness Reporting

Other Findings in this Audit

  • 42964 2022-001
    Material Weakness Repeat
  • 42965 2022-001
    Material Weakness Repeat
  • 42966 2022-001
    Material Weakness Repeat
  • 42967 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