FAC Explorer

Finding 621591 (2022-002)

Material Weakness Repeat Finding
Requirement
BL
Questioned Costs
-
Year
2022
Accepted
2023-03-01
Audit: 47596
Organization: Wilton Community School District (IA)
Auditor: Kay L Chapman CPA PC

AI Summary

  • Answer: The District failed to separate key financial roles, which can lead to errors or fraud.
  • Trend: This issue affects both revenue and expenditure processes, including federal program funds.
  • List: Recommend implementing clear role divisions for custody, record-keeping, and reconciliation to enhance financial controls.

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

  • 45149 2022-002
    Material Weakness Repeat
  • 45150 2022-002
    Material Weakness Repeat
  • 45151 2022-002
    Material Weakness Repeat
  • 621592 2022-002
    Material Weakness Repeat
  • 621593 2022-002
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
10.555 National School Lunch Program $476,130
84.425 Education Stabilization Fund $243,420
84.027 Special Education_grants to States $38,545
10.553 School Breakfast Program $35,137
10.559 Summer Food Service Program for Children $19,804
84.367 Improving Teacher Quality State Grants $14,263
84.424 Student Support and Academic Enrichment Program $10,000
84.048 Career and Technical Education -- Basic Grants to States $7,534
93.575 Child Care and Development Block Grant $6,000
84.010 Title I Grants to Local Educational Agencies $5,045
10.649 Pandemic Ebt Administrative Costs $614