FAC Explorer

Finding 574122 (2024-001)

Material Weakness Repeat Finding
Requirement
ABF
Questioned Costs
-
Year
2024
Accepted
2025-08-21
Audit: 364703
Organization: Wessington Springs School District No. 36-2 (SD)
Auditor: Schoenfish & CO INC

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.

Categories

Internal Control / Segregation of Duties Material Weakness

Other Findings in this Audit

  • 574121 2024-001
    Material Weakness Repeat
  • 1150563 2024-001
    Material Weakness Repeat
  • 1150564 2024-001
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
84.425 Education Stabilization Fund $443,289
84.010 Title I Grants to Local Educational Agencies $143,919
84.027 Special Education Grants to States $94,542
84.367 Supporting Effective Instruction State Grants (formerly Improving Teacher Quality State Grants) $23,561
10.555 National School Lunch Program $16,640
84.424 Student Support and Academic Enrichment Program $13,146
10.582 Fresh Fruit and Vegetable Program $11,155
10.553 School Breakfast Program $5,978
84.173 Special Education Preschool Grants $3,126