FAC Explorer

Finding 49907 (2022-002)

Material Weakness Repeat Finding
Requirement
BL
Questioned Costs
-
Year
2022
Accepted
2023-03-26
Audit: 42870
Organization: Jesup Community School District (IA)
Auditor: Kay Chapman CPA PC

AI Summary

  • Answer: The District failed to separate key financial roles, which can lead to errors or fraud.
  • Trend: This issue affects both revenue and expenditure processes, including federal program funds.
  • List: Recommend implementing clear role divisions for custody, record-keeping, and reconciliation to enhance financial controls.

Finding Text

The District did not properly segregated custody, record-keeping and reconciling functions for revenues and expenditures, including those related to federal programs.

Corrective Action Plan

We have reviewed procedures and plan to make the necessary changes to improve internal control.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 49908 2022-002
    Material Weakness Repeat
  • 49909 2022-002
    Material Weakness Repeat
  • 626349 2022-002
    Material Weakness Repeat
  • 626350 2022-002
    Material Weakness Repeat
  • 626351 2022-002
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
10.555 National School Lunch Program $546,234
84.425 Education Stabilization Fund $208,440
10.553 School Breakfast Program $73,327
84.027 Special Education_grants to States $43,235
84.367 Improving Teacher Quality State Grants $28,682
84.010 Title I Grants to Local Educational Agencies $12,563
84.424 Student Support and Academic Enrichment Program $9,070
84.048 Career and Technical Education -- Basic Grants to States $7,367
84.365 English Language Acquisition State Grants $3,870
10.649 Pandemic Ebt Administrative Costs $614