FAC Explorer

Finding 481025 (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

Categories

Internal Control / Segregation of Duties

Other Findings in this Audit

  • 481024 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