Finding 43314 (2022-001)

Material Weakness Repeat Finding
Requirement
L
Questioned Costs
-
Year
2022
Accepted
2023-03-26

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

The Wagner Community School District Business Manager, Lory DuFrain, is the contact person responsible for the corrective action plan for this finding. This finding is due to the limited number of staff employed in the district's business office. Staffing the office at an efficient and financially feasible level precludes the hiring of enough personnel to provide an ideal environment for the internal controls. We are aware of the weakness in internal controls and will continue to develop policies and procedures and provide compensating controls to reduce the risk. The Wagner School District did adopt a new Internal Control Policy DHA on December 11, 2017 that does address many of these issues, and would ask for consideration reflecting this implementation. This will be an ongoing process, requiring continual analysis of processes and procedures in order to minimize the risk.

Categories

Internal Control / Segregation of Duties Material Weakness Reporting

Other Findings in this Audit

  • 43315 2022-001
    Material Weakness Repeat
  • 43316 2022-001
    Material Weakness Repeat
  • 43317 2022-001
    Material Weakness Repeat
  • 43318 2022-001
    Material Weakness Repeat
  • 43319 2022-001
    Material Weakness Repeat
  • 619756 2022-001
    Material Weakness Repeat
  • 619757 2022-001
    Material Weakness Repeat
  • 619758 2022-001
    Material Weakness Repeat
  • 619759 2022-001
    Material Weakness Repeat
  • 619760 2022-001
    Material Weakness Repeat
  • 619761 2022-001
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
84.041 Impact Aid $9.55M
84.425 Education Stabilization Fund $3.32M
10.555 National School Lunch Program $578,416
84.010 Title I Grants to Local Educational Agencies $550,882
84.367 Improving Teacher Quality State Grants $165,907
10.553 School Breakfast Program $145,103
84.060 Indian Education_grants to Local Educational Agencies $106,325
84.424 Student Support and Academic Enrichment Program $87,667
10.582 Fresh Fruit and Vegetable Program $37,678
15.130 Indian Education_assistance to Schools $35,094
84.358 Rural Education $13,329
93.243 Substance Abuse and Mental Health Services_projects of Regional and National Significance $13,118