FAC Explorer

Finding 587133 (2023-001)

Significant Deficiency Repeat Finding
Requirement
P
Questioned Costs
-
Year
2023
Accepted
2024-01-30
Audit: 14381
Organization: Unified School District No. 466 (KS)
Auditor: Adamsbrown LLC

AI Summary

  • Core Issue: There is a lack of segregation of duties in the accounting function due to a limited number of employees.
  • Impacted Requirements: This condition compromises the assurance that financial statements are accurate and free from significant errors.
  • Recommended Follow-Up: The Superintendent and Board of Education should actively monitor financial activities to address this issue.

Finding Text

Finding 2023-001 - Lack of Segregation of Duties CONDITION: Lack of segregation of duties due to the small number of employees involved in the accounting function of the District. CRITERIA: Segregation of duties should be in place to provide reasonable assurance that the financial statement is fairly stated and free of material misstatement. CAUSE: Small number of employees in the accounting function makes proper segregation of duties impossible. POTENTIAL EFFECT OF CONDITION: Errors or irregularities could occur that would not be prevented or detected in a timely manner that would cause a misstatement of the financial statement that is more than inconsequential. RECOMMENDATION: To mitigate this deficiency we recommend that the Superintendent and Board of Education consider this condition while performing their monitoring and review of the financial statement activity and reports. CLIENT RESPONSE: The District is in agreement with this finding. The District's response is in the attached Corrective Action Plan.

Categories

Subrecipient Monitoring Internal Control / Segregation of Duties

Other Findings in this Audit

  • 10689 2023-001
    Significant Deficiency Repeat
  • 10690 2023-001
    Significant Deficiency Repeat
  • 10691 2023-001
    Significant Deficiency Repeat
  • 587131 2023-001
    Significant Deficiency Repeat
  • 587132 2023-001
    Significant Deficiency Repeat

Programs in Audit

ALN Program Name Expenditures
10.555 National School Lunch Program $350,367
84.425 Education Stabilization Fund $273,022
84.010 Title I Grants to Local Educational Agencies $145,404
10.559 Summer Food Service Program for Children $117,046
84.287 Twenty-First Century Community Learning Centers $100,000
10.553 School Breakfast Program $43,229
84.367 Improving Teacher Quality State Grants $23,686
84.424 Student Support and Academic Enrichment Program $17,505
84.365 English Language Acquisition State Grants $15,350
84.048 Career and Technical Education -- Basic Grants to States $400