FAC Explorer

Finding 619441 (2022-004)

Material Weakness
Requirement
BL
Questioned Costs
-
Year
2022
Accepted
2023-04-24
Audit: 39784
Organization: Gmg Community School District (IA)
Auditor: Kay L 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.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 42999 2022-004
    Material Weakness
  • 43000 2022-005
    Material Weakness
  • 619442 2022-005
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
84.425 Education Stabilization Fund $483,791
10.555 National School Lunch Program $306,035
10.553 School Breakfast Program $101,075
84.010 Title I Grants to Local Educational Agencies $58,633
84.358 Rural Education $46,116
84.048 Career and Technical Education -- Basic Grants to States $15,527
84.027 Special Education_grants to States $13,911
84.424 Student Support and Academic Enrichment Program $10,000
84.367 Improving Teacher Quality State Grants $9,620
10.559 Summer Food Service Program for Children $3,760