Finding 513946 (2024-001)

Material Weakness Repeat Finding
Requirement
ABG
Questioned Costs
-
Year
2024
Accepted
2024-12-12
Audit: 332156
Organization: South Central Cooperative (SD)

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 South Central Cooperative Director, Kristi Hilzendeger, is the contact person responsible for the corrective action plan for this finding. This finding is due to the size of the South Central Cooperative, which precludes staffing at a level sufficient to provide an ideal environment for internal controls. The Cooperative has developed policies to help monitor the lack of segregation of duties but due to the size of the Cooperative it is not feasible, or fisally responsible to implement anything else at this time. The Cooperative will contrinue to follow the controls currently in place.

Categories

Internal Control / Segregation of Duties Material Weakness Reporting

Other Findings in this Audit

  • 513947 2024-001
    Material Weakness Repeat
  • 1090388 2024-001
    Material Weakness Repeat
  • 1090389 2024-001
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
84.027 Special Education Grants to States $881,506
84.048 Career and Technical Education -- Basic Grants to States $77,280
84.173 Special Education Preschool Grants $48,682
97.067 Homeland Security Grant Program $10,737