FAC Explorer

Finding 45149 (2022-002)

Material Weakness Repeat Finding
Requirement
BL
Questioned Costs
-
Year
2022
Accepted
2023-03-01
Audit: 47596
Organization: Wilton Community School District (IA)
Auditor: Kay L Chapman CPA PC

AI Summary

  • Answer: The District failed to separate key financial roles, which can lead to errors or fraud.
  • Trend: This issue affects both revenue and expenditure processes, including federal program funds.
  • List: Recommend implementing clear role divisions for custody, record-keeping, and reconciliation to enhance financial controls.

Finding Text

The District did not properly segregated custody, record-keeping and reconciling functions for revenues and expenditures, including those related to federal programs.

Corrective Action Plan

We have reviewed procedures and plan to make the necessary changes to improve internal control.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 45150 2022-002
    Material Weakness Repeat
  • 45151 2022-002
    Material Weakness Repeat
  • 621591 2022-002
    Material Weakness Repeat
  • 621592 2022-002
    Material Weakness Repeat
  • 621593 2022-002
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
10.555 National School Lunch Program $476,130
84.425 Education Stabilization Fund $243,420
84.027 Special Education_grants to States $38,545
10.553 School Breakfast Program $35,137
10.559 Summer Food Service Program for Children $19,804
84.367 Improving Teacher Quality State Grants $14,263
84.424 Student Support and Academic Enrichment Program $10,000
84.048 Career and Technical Education -- Basic Grants to States $7,534
93.575 Child Care and Development Block Grant $6,000
84.010 Title I Grants to Local Educational Agencies $5,045
10.649 Pandemic Ebt Administrative Costs $614