Finding 480777 (2023-012)

Material Weakness
Requirement
BL
Questioned Costs
-
Year
2023
Accepted
2024-08-09
Audit: 316952
Organization: Hampton County School District (SC)

AI Summary

  • Core Issue: The District's general ledger had incorrect function codes, requiring significant adjustments to align with the SC Department of Education's accounting standards.
  • Impacted Requirements: Adjustments included $48,000 for the EIA Special Revenue Fund, $271,889 for the Debt Service Fund, and $43,545 for the Special Projects-Special Revenue Fund.
  • Recommended Follow-Up: Ensure proper reporting of federal revenues by moving $276,475 in federal grant activity to the appropriate special revenue fund.

Finding Text

Condition and context: The SC Department of Education’s accounting system utilizes specific function and location codes and specific transfer accounts in their approved general account structure. The District’s unadjusted general ledger contained various generic function codes. Adjusting journal entries were necessary to correct the function for some expenditures. Of these necessary adjusting journal entries, $48,000 was a material adjustment to the EIA Special Revenue Fund for correcting functions and $271,889 and $43,545 were material adjustments to the Debt Service Fund and Special Projects-Special Revenue Fund, respectively, for correcting locations. Since federal revenues are not allowed to be reported in capital project funds under the SC Department of Education's accounting system, material adjustments of $276,475 were necessary to move federal grant activity to a special revenue fund.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 480746 2023-009
    Material Weakness
  • 480747 2023-009
    Material Weakness
  • 480748 2023-009
    Material Weakness
  • 480749 2023-009
    Material Weakness
  • 480750 2023-010
    Material Weakness
  • 480751 2023-010
    Material Weakness
  • 480752 2023-010
    Material Weakness
  • 480753 2023-010
    Material Weakness
  • 480754 2023-010
    Material Weakness
  • 480755 2023-010
    Material Weakness
  • 480756 2023-010
    Material Weakness
  • 480757 2023-010
    Material Weakness
  • 480758 2023-010
    Material Weakness
  • 480759 2023-010
    Material Weakness
  • 480760 2023-010
    Material Weakness
  • 480761 2023-010
    Material Weakness
  • 480762 2023-011
    Material Weakness
  • 480763 2023-011
    Material Weakness
  • 480764 2023-011
    Material Weakness
  • 480765 2023-011
    Material Weakness
  • 480766 2023-011
    Material Weakness
  • 480767 2023-011
    Material Weakness
  • 480768 2023-011
    Material Weakness
  • 480769 2023-011
    Material Weakness
  • 480770 2023-011
    Material Weakness
  • 480771 2023-011
    Material Weakness
  • 480772 2023-011
    Material Weakness
  • 480773 2023-011
    Material Weakness
  • 480774 2023-012
    Material Weakness
  • 480775 2023-012
    Material Weakness
  • 480776 2023-012
    Material Weakness
  • 1057188 2023-009
    Material Weakness
  • 1057189 2023-009
    Material Weakness
  • 1057190 2023-009
    Material Weakness
  • 1057191 2023-009
    Material Weakness
  • 1057192 2023-010
    Material Weakness
  • 1057193 2023-010
    Material Weakness
  • 1057194 2023-010
    Material Weakness
  • 1057195 2023-010
    Material Weakness
  • 1057196 2023-010
    Material Weakness
  • 1057197 2023-010
    Material Weakness
  • 1057198 2023-010
    Material Weakness
  • 1057199 2023-010
    Material Weakness
  • 1057200 2023-010
    Material Weakness
  • 1057201 2023-010
    Material Weakness
  • 1057202 2023-010
    Material Weakness
  • 1057203 2023-010
    Material Weakness
  • 1057204 2023-011
    Material Weakness
  • 1057205 2023-011
    Material Weakness
  • 1057206 2023-011
    Material Weakness
  • 1057207 2023-011
    Material Weakness
  • 1057208 2023-011
    Material Weakness
  • 1057209 2023-011
    Material Weakness
  • 1057210 2023-011
    Material Weakness
  • 1057211 2023-011
    Material Weakness
  • 1057212 2023-011
    Material Weakness
  • 1057213 2023-011
    Material Weakness
  • 1057214 2023-011
    Material Weakness
  • 1057215 2023-011
    Material Weakness
  • 1057216 2023-012
    Material Weakness
  • 1057217 2023-012
    Material Weakness
  • 1057218 2023-012
    Material Weakness
  • 1057219 2023-012
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
10.553 School Breakfast Program $338,571
84.002 Adult Education - Basic Grants to States $170,867
12.U99 Njrotc $113,278
10.766 Community Facilities Loans and Grants $87,358
10.555 National School Lunch Program $76,806
12.U99 US Army Rotc $69,676
84.027 Special Education_grants to States $37,592
84.367 Improving Teacher Quality State Grants $36,913
10.582 Fresh Fruit and Vegetable Program $25,659
84.424 Student Support and Academic Enrichment Program $21,877
84.425 Education Stabilization Fund $21,299
84.010 Title I Grants to Local Educational Agencies $18,262
84.358 Rural Education $10,926
10.560 State Administrative Expenses for Child Nutrition $5,331
84.048 Career and Technical Education -- Basic Grants to States $4,127
84.196 Education for Homeless Children and Youth $3,041
84.287 Twenty-First Century Community Learning Centers $2,194
84.173 Special Education_preschool Grants $710