FAC Explorer

Finding 505314 (2024-001)

Significant Deficiency
Requirement
ABG
Questioned Costs
-
Year
2024
Accepted
2024-11-11
Audit: 327941
Organization: McCook Public School District No 17 (NE)
Auditor: Kso Cpa's PC

AI Summary

  • Answer: There is a significant issue with the lack of segregation of duties.
  • Trend: This could lead to increased risk of errors or fraud.
  • List: Review processes to ensure proper separation of roles and responsibilities.

Finding Text

Lack of segregation of duties in one or more areas.

Corrective Action Plan

The entity's Board continually evaluates the distribution of duties to employees and closely monitors all accounting functions. The School District has implemented controls within its accounting functions to mitigate the lack of segregation of duties but recognizes that this should still be a concern for the School District and the Board.

Categories

Internal Control / Segregation of Duties

Other Findings in this Audit

  • 505315 2024-001
    Significant Deficiency
  • 505316 2024-001
    Significant Deficiency
  • 505317 2024-001
    Significant Deficiency Repeat
  • 1081756 2024-001
    Significant Deficiency
  • 1081757 2024-001
    Significant Deficiency
  • 1081758 2024-001
    Significant Deficiency
  • 1081759 2024-001
    Significant Deficiency Repeat

Programs in Audit

ALN Program Name Expenditures
84.425 Education Stabilization Fund $347,601
84.010 Title I Grants to Local Educational Agencies $240,491
10.559 Summer Food Service Program for Children $143,239
10.553 School Breakfast Program $82,444
10.555 National School Lunch Program $57,520
84.367 Supporting Effective Instruction State Grants (formerly Improving Teacher Quality State Grants) $39,191
84.027 Special Education Grants to States $32,656
93.778 Medical Assistance Program $23,225
84.424 Student Support and Academic Enrichment Program $16,825
84.173 Special Education Preschool Grants $16,358