FAC Explorer

Finding 49909 (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.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 49907 2022-002
    Material Weakness Repeat
  • 49908 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