FAC Explorer

Finding 577283 (2022-002)

Material Weakness Repeat Finding
Requirement
ABFL
Questioned Costs
$1
Year
2022
Accepted
2023-10-27
Audit: 1583
Organization: Red Oak 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 implemented for federal program management.
  • 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, receipting, disbursements, capital assets, wire transfers, financial reporting and journal entries. See finding 2022-001.

Categories

Questioned Costs Internal Control / Segregation of Duties Reporting

Other Findings in this Audit

  • 834 2022-002
    Material Weakness Repeat
  • 835 2022-002
    Material Weakness Repeat
  • 836 2022-002
    Material Weakness Repeat
  • 837 2022-002
    Material Weakness Repeat
  • 838 2022-002
    Material Weakness Repeat
  • 839 2022-002
    Material Weakness Repeat
  • 840 2022-002
    Material Weakness Repeat
  • 841 2022-002
    Material Weakness Repeat
  • 577276 2022-002
    Material Weakness Repeat
  • 577277 2022-002
    Material Weakness Repeat
  • 577278 2022-002
    Material Weakness Repeat
  • 577279 2022-002
    Material Weakness Repeat
  • 577280 2022-002
    Material Weakness Repeat
  • 577281 2022-002
    Material Weakness Repeat
  • 577282 2022-002
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
10.555 National School Lunch Program $656,812
84.010 Title I Grants to Local Educational Agencies $350,545
10.553 School Breakfast Program $137,167
84.367 Improving Teacher Quality State Grants $44,937
84.424 Student Support and Academic Enrichment Program $27,464
10.559 Summer Food Service Program for Children $26,287
84.358 Rural Education $22,800
84.027 Special Education_grants to States $7,802
84.425 Education Stabilization Fund $6,855
16.839 Stop School Violence $3,831
10.582 Fresh Fruit and Vegetable Program $2,675
10.649 Pandemic Ebt Administrative Costs $614