FAC Explorer

Finding 614471 (2022-004)

Material Weakness
Requirement
P
Questioned Costs
-
Year
2022
Accepted
2023-03-30
Audit: 36071
Organization: Wayne Community School District (IA)
Auditor: Faller Kincheloe & CO Plc

AI Summary

  • Answer: The District failed to separate key financial duties, which is crucial for preventing errors and fraud.
  • Trend: This issue is consistent with previous findings, indicating ongoing weaknesses in internal controls.
  • List: Immediate action is needed to implement proper segregation of duties, especially for federal program functions.

Finding Text

2022-004 Segregation of Duties ? The District did not properly segregate custody, recordkeeping and reconciling functions, including those related to federal programs. See 2022-001.

Categories

Internal Control / Segregation of Duties

Other Findings in this Audit

  • 38029 2022-004
    Material Weakness
  • 38030 2022-004
    Material Weakness
  • 614472 2022-004
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
10.555 National School Lunch Program $354,633
84.010 Title I Grants to Local Educational Agencies $161,498
84.425 Education Stabilization Fund $155,045
10.553 School Breakfast Program $74,333
84.367 Improving Teacher Quality State Grants $31,619
97.036 Disaster Grants - Public Assistance (presidentially Declared Disasters) $16,447
84.424 Student Support and Academic Enrichment Program $10,942
84.048 Career and Technical Education -- Basic Grants to States $7,758
84.027 Special Education_grants to States $4,240