FAC Explorer

Finding 570910 (2024-002)

Material Weakness Repeat Finding
Requirement
ABFL
Questioned Costs
-
Year
2024
Accepted
2025-07-10
Audit: 361879
Organization: Sibley-Ocheyedan Community School District (IA)
Auditor: Nolte Cornman & Johnson PC

AI Summary

  • Core Issue: An employee has too much control over multiple financial areas, risking incompatible duties.
  • Impacted Requirements: This violates the principle of segregation of duties, essential for effective 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, investments, inventories, long-term debt, receipts, disbursements, wire transfers, payroll, financial reporting, computer systems and journal entries. See finding 2024-001.

Categories

Internal Control / Segregation of Duties Reporting

Other Findings in this Audit

  • 570907 2024-002
    Material Weakness Repeat
  • 570908 2024-002
    Material Weakness Repeat
  • 570909 2024-002
    Material Weakness Repeat
  • 570911 2024-002
    Material Weakness Repeat
  • 570912 2024-002
    Material Weakness Repeat
  • 570913 2024-002
    Material Weakness Repeat
  • 1147349 2024-002
    Material Weakness Repeat
  • 1147350 2024-002
    Material Weakness Repeat
  • 1147351 2024-002
    Material Weakness Repeat
  • 1147352 2024-002
    Material Weakness Repeat
  • 1147353 2024-002
    Material Weakness Repeat
  • 1147354 2024-002
    Material Weakness Repeat
  • 1147355 2024-002
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
10.555 National School Lunch Program $286,103
84.010 Title I Grants to Local Educational Agencies $141,344
10.553 School Breakfast Program $49,295
84.027 Special Education Grants to States $33,585
84.367 Supporting Effective Instruction State Grants (formerly Improving Teacher Quality State Grants) $25,151
84.424 Student Support and Academic Enrichment Program $11,298
84.048 Career and Technical Education -- Basic Grants to States $7,403
21.027 Coronavirus State and Local Fiscal Recovery Funds $2,736
84.425 Education Stabilization Fund $2,594
10.559 Summer Food Service Program for Children $2,515
10.574 Team Nutrition Grants $1,000
84.365 English Language Acquisition State Grants $180
93.658 Foster Care Title IV-E $66