FAC Explorer

Finding 946097 (2022-007)

Material Weakness
Requirement
ABEILN
Questioned Costs
-
Year
2022
Accepted
2024-02-19
Audit: 291025
Organization: Fremont-Mills Community School District (IA)
Auditor: Nolte Cornman & Johnson PC

AI Summary

  • Answer: Bank reconciliations show outdated items and delays in recording, suggesting they may not be done monthly.
  • Trend: This issue indicates a pattern of incomplete or inaccurate reconciliations over time.
  • List: Review and update reconciliation processes to ensure timely recording and remove outdated items.

Finding Text

Bank reconciliations included several items no longer outstanding and other items not recorded in a timely manner giving the appearance bank reconciliations may not be completed each month. See finding 2022-003.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 369645 2022-005
    Material Weakness
  • 369646 2022-006
    Material Weakness
  • 369647 2022-007
    Material Weakness
  • 369648 2022-008
    Significant Deficiency
  • 369649 2022-005
    Material Weakness
  • 369650 2022-006
    Material Weakness
  • 369651 2022-007
    Material Weakness
  • 369652 2022-008
    Significant Deficiency
  • 369653 2022-005
    Material Weakness
  • 369654 2022-006
    Material Weakness
  • 369655 2022-007
    Material Weakness
  • 369656 2022-008
    Significant Deficiency
  • 946087 2022-005
    Material Weakness
  • 946088 2022-006
    Material Weakness
  • 946089 2022-007
    Material Weakness
  • 946090 2022-008
    Significant Deficiency
  • 946091 2022-005
    Material Weakness
  • 946092 2022-006
    Material Weakness
  • 946093 2022-007
    Material Weakness
  • 946094 2022-008
    Significant Deficiency
  • 946095 2022-005
    Material Weakness
  • 946096 2022-006
    Material Weakness
  • 946098 2022-008
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
10.555 National School Lunch Program $256,412
84.425 Education Stabilization Fund $100,734
84.010 Title I Grants to Local Educational Agencies $65,371
10.553 School Breakfast Program $61,595
84.358 Rural Education $46,141
84.424 Student Support and Academic Enrichment Program $17,782
10.559 Summer Food Service Program for Children $17,664
84.048 Career and Technical Education -- Basic Grants to States $8,004
84.367 Improving Teacher Quality State Grants $7,613
84.027 Special Education_grants to States $3,188
10.649 Pandemic Ebt Administrative Costs $614