FAC Explorer

Finding 638115 (2022-003)

Material Weakness
Requirement
BL
Questioned Costs
-
Year
2022
Accepted
2023-03-27
Audit: 56904
Organization: Rudd-Rockford-Marble Rock Community School District (IA)
Auditor: Kay 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

  • 61673 2022-003
    Material Weakness
  • 61674 2022-004
    Material Weakness
  • 61675 2022-003
    Material Weakness
  • 61676 2022-004
    Material Weakness
  • 638116 2022-004
    Material Weakness
  • 638117 2022-003
    Material Weakness
  • 638118 2022-004
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
84.425 Education Stabilization Fund $347,956
10.555 National School Lunch Program $289,481
84.010 Title I Grants to Local Educational Agencies $64,043
10.553 School Breakfast Program $39,679
84.358 Rural Education $33,612
84.027 Special Education_grants to States $19,362
84.424 Student Support and Academic Enrichment Program $15,114
84.367 Improving Teacher Quality State Grants $13,543
84.048 Career and Technical Education -- Basic Grants to States $5,406