FAC Explorer

Finding 602671 (2022-001)

Significant Deficiency Repeat Finding
Requirement
P
Questioned Costs
-
Year
2022
Accepted
2022-12-15
Audit: 22916
Organization: Unified School District No. 254 (KS)
Auditor: Vonfeldt Bauer & Vonfeldt Chtd

AI Summary

  • Core Issue: There is a significant deficiency due to a lack of segregation of duties in the accounting function, caused by a small number of employees.
  • Impacted Requirements: Proper segregation of duties is necessary to ensure financial statements are accurate and free from material misstatements.
  • Recommended Follow-Up: The Superintendent and Board of Education should consider this issue during their review of financial activities and reports.

Finding Text

Significant Deficiency: Finding 2022-001 - 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 Significant Deficiency Internal Control / Segregation of Duties

Other Findings in this Audit

  • 26227 2022-001
    Significant Deficiency Repeat
  • 26228 2022-001
    Significant Deficiency Repeat
  • 26229 2022-001
    Significant Deficiency Repeat
  • 26230 2022-001
    Significant Deficiency Repeat
  • 602669 2022-001
    Significant Deficiency Repeat
  • 602670 2022-001
    Significant Deficiency Repeat
  • 602672 2022-001
    Significant Deficiency Repeat

Programs in Audit

ALN Program Name Expenditures
84.425 Education Stabilization Fund $241,926
10.555 National School Lunch Program $236,898
84.010 Title I Grants to Local Educational Agencies $102,868
10.553 School Breakfast Program $50,903
10.559 Summer Food Service Program for Children $45,142
97.039 Hazard Mitigation Grant $23,250
84.367 Improving Teacher Quality State Grants $21,801
93.323 Epidemiology and Laboratory Capacity for Infectious Diseases (elc) $19,582
10.582 Fresh Fruit and Vegetable Program $16,612
84.358 Rural Education $15,950
84.424 Student Support and Academic Enrichment Program $14,904
84.048 Career and Technical Education -- Basic Grants to States $13,227
10.575 Farm to School Grant Program $5,161
10.649 Pandemic Ebt Administrative Costs $614
10.560 State Administrative Expenses for Child Nutrition $316