Finding 504679 (2023-001)

Material Weakness Repeat Finding
Requirement
ABFN
Questioned Costs
-
Year
2023
Accepted
2024-11-05

AI Summary

  • Answer: There is a material weakness in internal controls related to revenue management.
  • Trend: This issue highlights ongoing risks in compliance requirements.
  • List: Implement 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 compliance requirement category.

Corrective Action Plan

The Woonsocket School District Business Manager, Sarah Swenson, 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. Woonsocket School District adopted an Internal Controls Policy in February 2022. We are aware of the weakness in internal controls and will adnere to policies and procedures we have in place. This will be an ongoing process.

Categories

Internal Control / Segregation of Duties Material Weakness

Other Findings in this Audit

  • 504680 2023-001
    Material Weakness Repeat
  • 1081121 2023-001
    Material Weakness Repeat
  • 1081122 2023-001
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
84.425 Education Stabilization Fund $523,350
10.555 National School Lunch Program $76,314
84.010 Title I Grants to Local Educational Agencies $70,186
84.027 Special Education Grants to States $62,287
10.553 School Breakfast Program $17,648
84.367 Supporting Effective Instruction State Grants (formerly Improving Teacher Quality State Grants) $16,242
10.582 Fresh Fruit and Vegetable Program $12,552
84.424 Student Support and Academic Enrichment Program $10,000
84.358 Rural Education $9,849
84.173 Special Education Preschool Grants $2,162