FAC Explorer

Finding 619678 (2022-001)

Significant Deficiency Repeat Finding
Requirement
P
Questioned Costs
-
Year
2022
Accepted
2022-11-16
Audit: 48864
Organization: Florence County School District No. 5 (SC)
Auditor: Kenneth Cobb & Company

AI Summary

  • Answer: The District lacks enough staff to separate financial duties effectively.
  • Trend: This increases the risk of errors in financial reporting and asset mismanagement.
  • List: Recommend hiring additional personnel or implementing cross-training to improve segregation of duties.

Finding Text

The District does not possess sufficient personnel to properly segregate all financial functions to reduce risks of financial reporting objectives and provide safeguards for the organization?s assets.

Categories

Reporting

Other Findings in this Audit

  • 43236 2022-001
    Significant Deficiency Repeat
  • 43237 2022-001
    Significant Deficiency Repeat
  • 43238 2022-001
    Significant Deficiency Repeat
  • 43239 2022-001
    Significant Deficiency Repeat
  • 43240 2022-001
    Significant Deficiency Repeat
  • 43241 2022-001
    Significant Deficiency Repeat
  • 43242 2022-001
    Significant Deficiency Repeat
  • 43243 2022-001
    Significant Deficiency Repeat
  • 43244 2022-001
    Significant Deficiency Repeat
  • 43245 2022-001
    Significant Deficiency Repeat
  • 43246 2022-001
    Significant Deficiency Repeat
  • 619679 2022-001
    Significant Deficiency Repeat
  • 619680 2022-001
    Significant Deficiency Repeat
  • 619681 2022-001
    Significant Deficiency Repeat
  • 619682 2022-001
    Significant Deficiency Repeat
  • 619683 2022-001
    Significant Deficiency Repeat
  • 619684 2022-001
    Significant Deficiency Repeat
  • 619685 2022-001
    Significant Deficiency Repeat
  • 619686 2022-001
    Significant Deficiency Repeat
  • 619687 2022-001
    Significant Deficiency Repeat
  • 619688 2022-001
    Significant Deficiency Repeat

Programs in Audit

ALN Program Name Expenditures
84.425 Education Stabilization Fund $1.41M
10.555 National School Lunch Program $808,290
84.027 Special Education_grants to States $583,343
84.010 Title I Grants to Local Educational Agencies $447,024
84.287 Twenty-First Century Community Learning Centers $199,021
84.367 Improving Teacher Quality State Grants $62,085
84.424 Student Support and Academic Enrichment Program $37,576
84.048 Career and Technical Education -- Basic Grants to States $33,507
84.173 Special Education_preschool Grants $21,759
84.358 Rural Education $10,808
10.579 Child Nutrition Discretionary Grants Limited Availability $6,405