FAC Explorer

Finding 530270 (2024-004)

Material Weakness Repeat Finding
Requirement
P
Questioned Costs
-
Year
2024
Accepted
2025-03-26
Audit: 348347
Organization: Wayne Community School District (IA)
Auditor: Roof Gerdes Erlbacher Plc

AI Summary

  • Answer: The district failed to properly separate key financial duties.
  • Trend: This issue affects both general and federal program operations.
  • List: Review and implement proper segregation of duties to enhance internal controls.

Finding Text

SEGREGATION OF DUTIES - THE DISTRICT DID NOT PROPERLY SEGREGATE CUSTODY, RECORDKEEPING AND RECONCILING FUNCTIONS, INCLUDING THOSE RELATED TO FEDERAL PROGRAMS. SEE 2024-001.

Corrective Action Plan

WE WILL EVALUATE THIS AND ATTEMPT TO SEGREGATE DUTIES AS MUCH AS POSSIBLE.

Categories

Internal Control / Segregation of Duties

Other Findings in this Audit

  • 1106712 2024-004
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
84.425 Education Stabilization Fund $436,191
10.555 National School Lunch Program $220,586
84.010 Title I Grants to Local Educational Agencies $207,541
10.553 School Breakfast Program $59,181
84.027 Special Education Grants to States $28,859
84.367 Supporting Effective Instruction State Grants (formerly Improving Teacher Quality State Grants) $24,263
84.358 Rural Education $23,010
84.424 Student Support and Academic Enrichment Program $14,721
93.658 Foster Care Title IV-E $13,277
84.048 Career and Technical Education -- Basic Grants to States $9,231
10.559 Summer Food Service Program for Children $9,179