FAC Explorer

Finding 505518 (2024-001)

Material Weakness Repeat Finding
Requirement
P
Questioned Costs
-
Year
2024
Accepted
2024-11-13
Audit: 328218
Organization: City of Gilman (IL)
Auditor: Fox CPA Group LTD

AI Summary

  • Answer: The city's accounting functions lack proper segregation of duties.
  • Trend: This issue could lead to increased risk of errors or fraud.
  • List: Review and adjust roles to ensure clear separation of responsibilities.

Finding Text

The city has a less than ideal segregation of duties within the City's accounting functions.

Corrective Action Plan

The board plans to continually review current procedures to determine if further segretation can be done with current limited personnel

Categories

Internal Control / Segregation of Duties

Other Findings in this Audit

  • 505519 2024-002
    Significant Deficiency Repeat
  • 505520 2024-002
    Significant Deficiency Repeat
  • 505521 2024-001
    Material Weakness Repeat
  • 1081960 2024-001
    Material Weakness Repeat
  • 1081961 2024-002
    Significant Deficiency Repeat
  • 1081962 2024-002
    Significant Deficiency Repeat
  • 1081963 2024-001
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
66.458 Clean Water State Revolving Fund $1.39M
66.468 Drinking Water State Revolving Fund $241,497