Finding 46530 (2022-001)

Material Weakness Repeat Finding
Requirement
L
Questioned Costs
-
Year
2022
Accepted
2023-03-26
Audit: 45465

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

Parkston School District Business Manager, Craig Bruening, is the contact person responsible for the corrective action plan for this finding. This finding is due to the limited number of staff members 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. Parkston School District adopted an Internal Controls and Procedures policy in January 2019 that we are following. We are aware of the weakness in internal controls and will adhere to policies and procedures we have in place while providing compensating controls to reduce the risk. This will be an ongoing process.

Categories

Internal Control / Segregation of Duties Material Weakness Reporting

Other Findings in this Audit

  • 46531 2022-001
    Material Weakness Repeat
  • 46532 2022-001
    Material Weakness Repeat
  • 46533 2022-001
    Material Weakness Repeat
  • 46534 2022-001
    Material Weakness Repeat
  • 622972 2022-001
    Material Weakness Repeat
  • 622973 2022-001
    Material Weakness Repeat
  • 622974 2022-001
    Material Weakness Repeat
  • 622975 2022-001
    Material Weakness Repeat
  • 622976 2022-001
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
10.555 National School Lunch Program $273,510
84.010 Title I Grants to Local Educational Agencies $205,387
84.425 Education Stabilization Fund $202,841
10.553 School Breakfast Program $37,301
84.027 Special Education_grants to States $30,346
84.367 Improving Teacher Quality State Grants $29,389
84.424 Student Support and Academic Enrichment Program $22,353
84.358 Rural Education $15,296
84.173 Special Education_preschool Grants $2,687
84.048 Career and Technical Education -- Basic Grants to States $2,232
84.181 Special Education-Grants for Infants and Families $1,286
45.310 Grants to States $697