FAC Explorer

Finding 612073 (2022-001)

Material Weakness Repeat Finding
Requirement
L
Questioned Costs
-
Year
2022
Accepted
2023-06-19
Audit: 24114
Organization: Waubay School District 18-3 (SD)
Auditor: Schoenfish & CO INC

AI Summary

  • Answer: There is a material weakness in internal controls related to revenue management.
  • Trend: This issue highlights ongoing concerns about compliance with reporting requirements.
  • List: Follow up by implementing proper segregation of duties to strengthen internal controls.

Finding Text

A material weakness in internal controls was noted due to a lack of proper segregation of duties for revenues which affect the reporting compliance requirement category.

Categories

Internal Control / Segregation of Duties Material Weakness Reporting

Other Findings in this Audit

  • 35630 2022-001
    Material Weakness Repeat
  • 35631 2022-001
    Material Weakness Repeat
  • 612072 2022-001
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
84.425 Education Stabilization Fund $461,481
84.041 Impact Aid $373,926
84.010 Title I Grants to Local Educational Agencies $138,591
10.555 National School Lunch Program $104,948
84.367 Improving Teacher Quality State Grants $26,377
10.553 School Breakfast Program $24,966
84.060 Indian Education_grants to Local Educational Agencies $17,461
84.424 Student Support and Academic Enrichment Program $13,393
10.582 Fresh Fruit and Vegetable Program $7,275
84.358 Rural Education $3,657
84.027 Special Education_grants to States $2,998
84.048 Career and Technical Education -- Basic Grants to States $1,275