FAC Explorer

Finding 525581 (2023-002)

Material Weakness
Requirement
ABFL
Questioned Costs
-
Year
2023
Accepted
2025-03-04
Audit: 344687
Organization: Chariton Community School District (IA)
Auditor: Nolte Cornman & Johnson PC

AI Summary

  • Core Issue: One employee has too much control over critical financial areas, risking incompatible duties.
  • Impacted Requirements: This violates the principle of segregation of duties, essential for internal controls.
  • Recommended Follow-Up: Review and redistribute responsibilities to ensure no single employee manages conflicting tasks.

Finding Text

One important aspect of the internal control structure is the segregation of duties among employees to prevent an individual employee from handling duties which are incompatible. We noted one individual has control over portions of one or more of the following areas for the District relating to major federal programs: cash, disbursements, journal entries and financial reporting. See finding 2023-001.

Categories

Internal Control / Segregation of Duties Reporting

Other Findings in this Audit

  • 525580 2023-002
    Material Weakness
  • 525582 2023-002
    Material Weakness
  • 1102022 2023-002
    Material Weakness
  • 1102023 2023-002
    Material Weakness
  • 1102024 2023-002
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
84.010 Title I Grants to Local Educational Agencies $580,099
10.555 National School Lunch Program $514,225
84.425 Education Stabilization Fund $249,855
10.553 School Breakfast Program $115,648
84.367 Supporting Effective Instruction State Grants (formerly Improving Teacher Quality State Grants) $96,719
84.027 Special Education Grants to States $61,281
84.358 Rural Education $46,643
84.424 Student Support and Academic Enrichment Program $42,176
84.048 Career and Technical Education -- Basic Grants to States $18,486
93.945 Assistance Programs for Chronic Disease Prevention and Control $3,663
10.559 Summer Food Service Program for Children $2,435