Finding 571755 (2024-001)

Material Weakness Repeat Finding
Requirement
ABF
Questioned Costs
-
Year
2024
Accepted
2025-07-22
Audit: 362760

AI Summary

  • Answer: There is a material weakness in internal controls related to revenue management.
  • Trend: This issue indicates ongoing risks in compliance due to inadequate segregation of duties.
  • List: Recommend reviewing and updating internal controls to ensure proper segregation of duties for revenue processes.

Finding Text

A material weakness in internal controls was noted due to a lack of proper segregation of duties for revenues which affect compliance requirements.

Corrective Action Plan

The Scotland School District Business Official, Angela Hall, is the contact person responsible for the corrective action plan for this finding. The finding is due to the limited number of staff employed in the district's business office. Staffing the office at an efficient and financially feasible level precludes the hiring of adequate personnel to provide an ideal environment for the internal controls. Scotland School District has adopted an Internal Controls and Procedures policy. We are aware of the weakness in internal controls and will adhere to policies and procedures we have in place while providing compensating controls to reduce the risk. This will be an ongoing process as we will continue to analyze different policies and procedures to address this ongoing issue.

Categories

Internal Control / Segregation of Duties Material Weakness

Other Findings in this Audit

  • 571756 2024-001
    Material Weakness Repeat
  • 1148197 2024-001
    Material Weakness Repeat
  • 1148198 2024-001
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
84.425 Education Stabilization Fund $632,141
84.010 Title I Grants to Local Educational Agencies $183,087
84.367 Supporting Effective Instruction State Grants (formerly Improving Teacher Quality State Grants) $50,501
10.553 School Breakfast Program $31,466
84.424 Student Support and Academic Enrichment Program $24,409
10.582 Fresh Fruit and Vegetable Program $15,958
10.555 National School Lunch Program $14,705
84.358 Rural Education $11,885
84.027 Special Education Grants to States $3,000