FAC Explorer

Finding 565210 (2024-002)

Material Weakness
Requirement
ABEILN
Questioned Costs
-
Year
2024
Accepted
2025-06-18
Audit: 359098
Organization: Wapello 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 affects compliance with internal control standards for major federal programs.
  • Recommended Follow-Up: Implement proper segregation of duties to enhance oversight and reduce risk.

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, investments, receipts, disbursements, financial reporting, school lunch program and journal entries. See finding 2024-001.

Categories

Internal Control / Segregation of Duties Reporting

Other Findings in this Audit

  • 565208 2024-002
    Material Weakness
  • 565209 2024-002
    Material Weakness
  • 565211 2024-002
    Material Weakness Repeat
  • 1141650 2024-002
    Material Weakness
  • 1141651 2024-002
    Material Weakness
  • 1141652 2024-002
    Material Weakness
  • 1141653 2024-002
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
84.425 Education Stabilization Fund $282,648
10.555 National School Lunch Program $188,591
84.010 Title I Grants to Local Educational Agencies $127,069
10.559 Summer Food Service Program for Children $53,232
10.553 School Breakfast Program $52,800
84.358 Rural Education $45,994
84.027 Special Education Grants to States $24,123
84.367 Supporting Effective Instruction State Grants (formerly Improving Teacher Quality State Grants) $18,361
84.424 Student Support and Academic Enrichment Program $11,298
84.048 Career and Technical Education -- Basic Grants to States $3,662
10.574 Team Nutrition Grants $902