FAC Explorer

Finding 619252 (2022-003)

Material Weakness
Requirement
BL
Questioned Costs
-
Year
2022
Accepted
2023-03-28
Audit: 38626
Organization: Northeast Community School District (IA)
Auditor: Kay Chapman CPA PC

AI Summary

  • Answer: The District failed to separate key financial duties, which increases the risk of errors and fraud.
  • Trend: This issue is consistent with previous audits, indicating a pattern of inadequate internal controls.
  • List: Immediate action is needed to implement proper segregation of duties and ensure compliance with federal program requirements.

Finding Text

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

Categories

No categories assigned yet.

Other Findings in this Audit

  • 42810 2022-003
    Material Weakness
  • 42811 2022-003
    Material Weakness
  • 619253 2022-003
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
10.555 National School Lunch Program $578,437
84.425 Education Stabilization Fund $419,410
10.553 School Breakfast Program $136,906
84.027 Special Education_grants to States $25,108
84.367 Improving Teacher Quality State Grants $10,573
84.010 Title I Grants to Local Educational Agencies $8,380
84.424 Student Support and Academic Enrichment Program $7,390
84.365 English Language Acquisition State Grants $150