FAC Explorer

Finding 544356 (2024-003)

Material Weakness
Requirement
ABFL
Questioned Costs
-
Year
2024
Accepted
2025-03-31
Audit: 350991
Organization: Center Point-Urbana Community School District (IA)
Auditor: Nolte Cornman & Johnson PC

AI Summary

  • Core Issue: One employee has too much control over multiple financial areas, increasing the risk of errors or fraud.
  • Impacted Requirements: Segregation of duties is not being properly enforced, which is critical for compliance and internal controls.
  • Recommended Follow-up: Review and redistribute responsibilities to ensure no single employee manages incompatible duties.

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 federal programs; cash, investments, receipts, financial reporting, computer systems and school lunch program. See finding 2024-001.

Categories

Internal Control / Segregation of Duties Reporting

Other Findings in this Audit

  • 544352 2024-003
    Material Weakness Repeat
  • 544353 2024-003
    Material Weakness Repeat
  • 544354 2024-003
    Material Weakness
  • 544355 2024-003
    Material Weakness
  • 1120794 2024-003
    Material Weakness Repeat
  • 1120795 2024-003
    Material Weakness Repeat
  • 1120796 2024-003
    Material Weakness
  • 1120797 2024-003
    Material Weakness
  • 1120798 2024-003
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
10.555 National School Lunch Program $312,823
84.010 Title I Grants to Local Educational Agencies $88,052
84.027 Special Education Grants to States $51,850
84.425 Education Stabilization Fund $34,378
10.553 School Breakfast Program $31,198
10.579 Child Nutrition Discretionary Grants Limited Availability $25,768
84.367 Supporting Effective Instruction State Grants (formerly Improving Teacher Quality State Grants) $17,116
84.424 Student Support and Academic Enrichment Program $11,298
84.048 Career and Technical Education -- Basic Grants to States $10,248
21.027 Coronavirus State and Local Fiscal Recovery Funds $5,118
10.185 Local Food for Schools Cooperative Agreement Program $3,994