FAC Explorer

Finding 49816 (2022-001)

Material Weakness Repeat Finding
Requirement
L
Questioned Costs
-
Year
2022
Accepted
2022-11-08
Audit: 42090
Organization: Kimball School District No. 7-2 (SD)
Auditor: Schoenfish & CO INC

AI Summary

  • Answer: There is a material weakness in internal controls related to revenue management.
  • Trend: This issue highlights ongoing concerns about compliance with reporting requirements.
  • List: Follow up by implementing proper segregation of duties to strengthen internal controls.

Finding Text

A material weakness in internal controls was noted due to a lack of proper segregation of duties for revenues which affect the reporting compliance requirement category.

Corrective Action Plan

Dr. Chris Nold is the contact person responsible for the corrective action plan for this finding. This finding is due to the limited number (one) of employees in the district's business office. Staffing the office at an efficient and financially feasible level precludes the hiring of enough personnel to provide an ideal environment for the internal controls. Kimball School District adopted an Internal Controls and Procedures policy in December 2017 and recently updated it in June 2021. We are aware of the weakness in internal controls and will adhere to policies and procedures we have in place while providing compensating controls to reduce the risk. This will be an ongoing process.

Categories

Internal Control / Segregation of Duties Material Weakness Reporting

Other Findings in this Audit

  • 49817 2022-001
    Material Weakness Repeat
  • 49818 2022-001
    Material Weakness Repeat
  • 49819 2022-001
    Material Weakness Repeat
  • 49820 2022-001
    Material Weakness Repeat
  • 626258 2022-001
    Material Weakness Repeat
  • 626259 2022-001
    Material Weakness Repeat
  • 626260 2022-001
    Material Weakness Repeat
  • 626261 2022-001
    Material Weakness Repeat
  • 626262 2022-001
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
10.555 National School Lunch Program $197,177
84.425 Education Stabilization Fund $186,845
84.010 Title I Grants to Local Educational Agencies $114,975
10.553 School Breakfast Program $52,025
10.559 Summer Food Service Program for Children $45,623
84.367 Improving Teacher Quality State Grants $21,342
84.027 Special Education_grants to States $19,245
84.358 Rural Education $16,103
45.310 Grants to States $15,000
84.424 Student Support and Academic Enrichment Program $11,114
10.582 Fresh Fruit and Vegetable Program $6,948
45.025 Promotion of the Arts_partnership Agreements $3,208
84.173 Special Education_preschool Grants $1,704
84.048 Career and Technical Education -- Basic Grants to States $655