Finding Text
Criteria: The District must have functioning controls over financial reporting.
Condition: The District does not have adequate internal controls and segregation of duties over financial reporting, and relies upon the auditor for this expertise. We also noted bank reconciliations were not properly prepared for most of the fiscal year.
Context: It was determined that District personnel do not have the expertise necessary to prepare external financial reports without assistance from the auditor and there is a lack of segregation of duties over payroll and cash disbursement functions.