FAC Explorer

Finding 46532 (2022-001)

Material Weakness Repeat Finding
Requirement
L
Questioned Costs
-
Year
2022
Accepted
2023-03-26
Audit: 45465
Organization: Parkston School District No. 33-3 (SD)
Auditor: Schoenfish & CO INC

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.

Categories

Internal Control / Segregation of Duties Material Weakness Reporting

Other Findings in this Audit

  • 46530 2022-001
    Material Weakness Repeat
  • 46531 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