FAC Explorer

Finding 771263 (2022-001)

Material Weakness Repeat Finding
Requirement
ABGJLMN
Questioned Costs
-
Year
2022
Accepted
2023-01-23
Audit: 178613
Organization: East Central Iowa Council of Governments (IA)
Auditor: Larry Pump CPA

AI Summary

  • Answer: The Agency failed to separate key financial duties, risking errors and fraud.
  • Trend: This issue is consistent with previous audits, indicating a persistent lack of internal controls.
  • List: Implement stronger controls by assigning different individuals to custody, recordkeeping, and reconciliation tasks.

Finding Text

Segregation of Duties over Federal Revenues and Expenses ? The Agency did not properly segregate custody, recordkeeping and reconciling functions for revenues and expenses, including those related to federal programs.

Categories

Internal Control / Segregation of Duties

Other Findings in this Audit

  • 194819 2022-001
    Material Weakness Repeat
  • 194820 2022-001
    Material Weakness Repeat
  • 194821 2022-001
    Material Weakness Repeat
  • 194822 2022-001
    Material Weakness Repeat
  • 194823 2022-001
    Material Weakness Repeat
  • 194824 2022-001
    Material Weakness Repeat
  • 194825 2022-001
    Material Weakness Repeat
  • 194826 2022-001
    Material Weakness Repeat
  • 194827 2022-001
    Material Weakness Repeat
  • 194828 2022-001
    Material Weakness Repeat
  • 771261 2022-001
    Material Weakness Repeat
  • 771262 2022-001
    Material Weakness Repeat
  • 771264 2022-001
    Material Weakness Repeat
  • 771265 2022-001
    Material Weakness Repeat
  • 771266 2022-001
    Material Weakness Repeat
  • 771267 2022-001
    Material Weakness Repeat
  • 771268 2022-001
    Material Weakness Repeat
  • 771269 2022-001
    Material Weakness Repeat
  • 771270 2022-001
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
20.507 Federal Transit_formula Grants $897,125
20.513 Enhanced Mobility of Seniors and Individuals with Disabilities $319,834
11.307 Economic Adjustment Assistance $210,356
97.047 Pre-Disaster Mitigation $130,255
20.205 Highway Planning and Construction $119,517
20.526 Buses and Bus Facilities Formula, Competitive, and Low Or No Emissions Programs $91,246
11.302 Economic Development_support for Planning Organizations $70,000
20.505 Metropolitan Transportation Planning and State and Non-Metropolitan Planning and Research $13,866
20.509 Formula Grants for Rural Areas and Tribal Transit Program $7,270