Finding 481024 (2022-002)

Material Weakness Repeat Finding

Requirement

ABEILN

Questioned Costs

Year

2022

Accepted

2024-08-13

Audit: 317113

Organization: Cam Community School District (IA)

Auditor: Nolte Cornman & Johnson PC

AI Summary

Core Issue: An employee has too much control over critical financial areas, risking incompatible duties.
Impacted Requirements: Segregation of duties is not being properly enforced, which is essential for internal controls.
Recommended Follow-Up: Review and adjust roles to ensure proper segregation of duties in cash, receipts, disbursements, payroll, and computer systems.

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, receipts, disbursements, payroll and computers systems. See finding 2022-001

Corrective Action Plan

The District will be redistributing duties in the coming year due to a new staff member. This will separate accounts payable, accounts receivable, payroll, and general ledger.

Other Findings in this Audit

481025 2022-002

Material Weakness Repeat
1057466 2022-002

Material Weakness Repeat
1057467 2022-002

Material Weakness Repeat

Programs in Audit

ALN	Program Name	Expenditures
10.555	National School Lunch Program	$323,726
84.425	Education Stabilization Fund	$85,286
10.553	School Breakfast Program	$78,172
84.010	Title I Grants to Local Educational Agencies	$51,922
84.367	Improving Teacher Quality State Grants	$16,142
84.424	Student Support and Academic Enrichment Program	$10,000
84.048	Career and Technical Education -- Basic Grants to States	$5,000
84.027	Special Education_grants to States	$2,822
10.649	Pandemic Ebt Administrative Costs	$614