FAC Explorer

Finding 480 (2022-002)

Material Weakness Repeat Finding
Requirement
ABFL
Questioned Costs
-
Year
2022
Accepted
2023-10-23
Audit: 1025
Organization: Shenandoah Community School District (IA)
Auditor: Nolte Cornman & Johnson PC

AI Summary

  • Core Issue: One employee has too much control over critical financial areas, risking incompatible duties.
  • Impacted Requirements: This affects compliance with internal control standards for major federal programs.
  • Recommended Follow-Up: Implement proper segregation of duties to enhance internal controls and reduce risk.

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 major federal programs; cash, investments, capital assets, payroll, financial reporting and journal entries. See finding 2022-001.

Categories

Internal Control / Segregation of Duties Reporting

Other Findings in this Audit

  • 477 2022-002
    Material Weakness Repeat
  • 478 2022-002
    Material Weakness Repeat
  • 479 2022-002
    Material Weakness Repeat
  • 481 2022-002
    Material Weakness Repeat
  • 482 2022-002
    Material Weakness Repeat
  • 483 2022-002
    Material Weakness Repeat
  • 576919 2022-002
    Material Weakness Repeat
  • 576920 2022-002
    Material Weakness Repeat
  • 576921 2022-002
    Material Weakness Repeat
  • 576922 2022-002
    Material Weakness Repeat
  • 576923 2022-002
    Material Weakness Repeat
  • 576924 2022-002
    Material Weakness Repeat
  • 576925 2022-002
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
84.425 Education Stabilization Fund $1.42M
10.555 National School Lunch Program $665,844
84.010 Title I Grants to Local Educational Agencies $265,890
10.553 School Breakfast Program $194,811
10.559 Summer Food Service Program for Children $76,279
84.367 Improving Teacher Quality State Grants $40,387
84.048 Career and Technical Education -- Basic Grants to States $10,550
84.424 Student Support and Academic Enrichment Program $10,025
84.027 Special Education_grants to States $7,778
10.574 Team Nutrition Grants $2,889
10.649 Pandemic Ebt Administrative Costs $614
93.658 Foster Care_title IV-E $248