FAC Explorer

Finding 61673 (2022-003)

Material Weakness
Requirement
BL
Questioned Costs
-
Year
2022
Accepted
2023-03-27
Audit: 56904
Organization: Rudd-Rockford-Marble Rock Community School District (IA)
Auditor: Kay Chapman CPA PC

AI Summary

  • Answer: The District failed to separate key financial duties, which is a significant control weakness.
  • Trend: This issue affects both revenue and expenditure processes, including federal program funds.
  • List: Recommended actions include implementing proper segregation of duties and regular audits to ensure compliance.

Finding Text

The District did not properly segregate custody, record-keeping and reconciling functions for revenues and expenditures, including those related to federal programs.

Corrective Action Plan

We have reviewed procedures and plan to make the necessary changes to improve internal control.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 61674 2022-004
    Material Weakness
  • 61675 2022-003
    Material Weakness
  • 61676 2022-004
    Material Weakness
  • 638115 2022-003
    Material Weakness
  • 638116 2022-004
    Material Weakness
  • 638117 2022-003
    Material Weakness
  • 638118 2022-004
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
84.425 Education Stabilization Fund $347,956
10.555 National School Lunch Program $289,481
84.010 Title I Grants to Local Educational Agencies $64,043
10.553 School Breakfast Program $39,679
84.358 Rural Education $33,612
84.027 Special Education_grants to States $19,362
84.424 Student Support and Academic Enrichment Program $15,114
84.367 Improving Teacher Quality State Grants $13,543
84.048 Career and Technical Education -- Basic Grants to States $5,406