FAC Explorer

Finding 618214 (2022-008)

Material Weakness Repeat Finding
Requirement
BL
Questioned Costs
-
Year
2022
Accepted
2023-03-16
Audit: 39445
Organization: West Central Community School District (IA)
Auditor: Kay Chapman CPA PC

AI Summary

  • Answer: The District failed to separate key financial duties, which can lead to errors or fraud.
  • Trend: This issue is consistent with previous findings, indicating a lack of improvement in financial controls.
  • List: Immediate steps should include implementing proper segregation of duties and conducting regular audits to ensure compliance.

Finding Text

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

Categories

No categories assigned yet.

Other Findings in this Audit

  • 41772 2022-008
    Material Weakness Repeat
  • 41773 2022-009
    Material Weakness
  • 41774 2022-010
    Significant Deficiency
  • 41775 2022-011
    Significant Deficiency
  • 618215 2022-009
    Material Weakness
  • 618216 2022-010
    Significant Deficiency
  • 618217 2022-011
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
84.425 Education Stabilization Fund $419,867
10.555 National School Lunch Program $219,787
84.010 Title I Grants to Local Educational Agencies $58,271
10.553 School Breakfast Program $43,620
84.358 Rural Education $23,046
84.027 Special Education_grants to States $12,429
84.367 Improving Teacher Quality State Grants $11,506
84.424 Student Support and Academic Enrichment Program $10,000
84.048 Career and Technical Education -- Basic Grants to States $5,733