Finding 43322 (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

Betsy Rohde, Business Manager for the Colome Consolidated School District, 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. The size of the school district and the monetary resources available prevent the hiring of additional staffing to the business office at the proper levels for internal controls. The Colome Consolidated School District has an internal controls policy to identify areas of risk and implements that policy to reduce the risk of any mistakes and inappropriate or illegal activity within the school district. The school board will review the policy to identify any areas that still leave a significant risk to ensure all financial activities are monitored by more than one individual. This is an ongoing process.

Categories

Internal Control / Segregation of Duties Material Weakness Reporting

Other Findings in this Audit

  • 43323 2022-001
    Material Weakness Repeat
  • 619764 2022-001
    Material Weakness Repeat
  • 619765 2022-001
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
84.010 Title I Grants to Local Educational Agencies $146,446
84.425 Education Stabilization Fund $109,802
10.555 National School Lunch Program $102,419
84.367 Improving Teacher Quality State Grants $29,055
10.553 School Breakfast Program $23,606
84.027 Special Education_grants to States $13,771
84.424 Student Support and Academic Enrichment Program $13,449
10.582 Fresh Fruit and Vegetable Program $6,284
84.041 Impact Aid $3,984
84.358 Rural Education $2,357
84.048 Career and Technical Education -- Basic Grants to States $1,576
84.173 Special Education_preschool Grants $35