FAC Explorer

Finding 4445 (2022-002)

Material Weakness Repeat Finding
Requirement
ABFL
Questioned Costs
-
Year
2022
Accepted
2023-12-15
Audit: 6871
Organization: West Monona Community School District (IA)
Auditor: Nolte Cornman & Johnson

AI Summary

  • Core Issue: One employee has too much control over multiple financial areas, risking incompatible duties.
  • Impacted Requirements: Segregation of duties is not being properly enforced, which is crucial for internal controls.
  • Recommended Follow-Up: Review and redistribute responsibilities to ensure proper segregation of duties across federal program areas.

Finding Text

One important aspect of the internal control structure is the segregation of duties among employees to prevent an individual employee from handling duties which are incompatible. We noted one individual has control over portions of one or more of the following areas for the District relating to federal programs: cash, investments, receipts, disbursements, payroll, financial reporting, School lunch program and journal entries. See finding 2022-001.

Categories

Internal Control / Segregation of Duties Reporting

Other Findings in this Audit

  • 4444 2022-002
    Material Weakness Repeat
  • 4446 2022-002
    Material Weakness Repeat
  • 580886 2022-002
    Material Weakness Repeat
  • 580887 2022-002
    Material Weakness Repeat
  • 580888 2022-002
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
84.425 Education Stabilization Fund $454,312
10.555 National School Lunch Program $392,497
84.010 Title I Grants to Local Educational Agencies $122,459
10.553 School Breakfast Program $73,117
10.559 Summer Food Service Program for Children $47,892
84.367 Improving Teacher Quality State Grants $23,012
84.424 Student Support and Academic Enrichment Program $10,000
84.048 Career and Technical Education -- Basic Grants to States $6,253
84.027 Special Education_grants to States $4,550