Finding 50172 (2022-001)

Material Weakness Repeat Finding
Requirement
L
Questioned Costs
-
Year
2022
Accepted
2023-02-03

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

The Platte-Geddes School District Business Official, Kathleen A. Holter, is the contact person responsible for the corrective action plan for this finding. This finding is due to the limited number of staff employed in the district's business office. Staffing the office at an efficient and financially feasible level precludes the hiring of adequate personnel to provide an ideal environment for the internal controls. Platte-Geddes School District adopted an Internal Controls and Procedures policy in August 2017. 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

  • 50173 2022-001
    Material Weakness Repeat
  • 626614 2022-001
    Material Weakness Repeat
  • 626615 2022-001
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
84.425 Education Stabilization Fund $320,416
84.010 Title I Grants to Local Educational Agencies $186,438
10.555 National School Lunch Program $182,760
84.048 Career and Technical Education -- Basic Grants to States $39,974
84.367 Improving Teacher Quality State Grants $37,303
84.027 Special Education_grants to States $33,921
84.424 Student Support and Academic Enrichment Program $15,733
84.358 Rural Education $13,594
10.553 School Breakfast Program $11,007
84.173 Special Education_preschool Grants $3,004
39.003 Donation of Federal Surplus Personal Property $978