FAC Explorer

Finding 48188 (2022-003)

Material Weakness
Requirement
ABEILN
Questioned Costs
-
Year
2022
Accepted
2023-03-30
Audit: 52118
Organization: Prairie Valley Community School District (IA)
Auditor: Cornwell Frideres Maher & Associates P L C

AI Summary

  • Answer: The district failed to properly separate duties related to custody, record-keeping, and reconciling functions.
  • Trend: This issue is consistent with previous findings, indicating ongoing weaknesses in internal controls.
  • List: Review and implement proper segregation of duties, especially for federal programs, to enhance accountability and reduce risk.

Finding Text

2022-003 SEGREGATION OF DUTIES - THE DISTRICT DID NOT PROPERLY SEGREGATE CUSTODY, RECORD-KEEPING AND RECONCILING FUNCTIONS, INCLUDING THOSE RELATED TO FEDERAL PROGRAMS. SEE 2022-001.

Categories

Internal Control / Segregation of Duties

Other Findings in this Audit

  • 48187 2022-003
    Material Weakness
  • 48189 2022-003
    Material Weakness
  • 624629 2022-003
    Material Weakness
  • 624630 2022-003
    Material Weakness
  • 624631 2022-003
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
10.555 National School Lunch Program $314,100
10.553 School Breakfast Program $83,415
84.010 Title I Grants to Local Educational Agencies $81,710
84.358 Rural Education $39,673
84.367 Improving Teacher Quality State Grants $15,877
84.048 Career and Technical Education -- Basic Grants to States $10,115
84.424 Student Support and Academic Enrichment Program $10,000
10.559 Summer Food Service Program for Children $9,444
84.425 Education Stabilization Fund $4,515
84.027 Special Education_grants to States $3,969
10.649 Pandemic Ebt Administrative Costs $614