FAC Explorer

Finding 952257 (2023-001)

Material Weakness Repeat Finding
Requirement
AB
Questioned Costs
-
Year
2023
Accepted
2024-03-13
Audit: 294912
Organization: Lukachukai Community School (AZ)
Auditor: Bdr Richards CPAS Plc

AI Summary

  • Answer: Account reconciliations were either late or mismatched with the general ledger.
  • Trend: Current policies lack proper checks, allowing one person to both post and reconcile transactions.
  • List: Implement a review process and ensure segregation of duties to enhance accuracy and accountability.

Finding Text

Account reconciliations were not performed timely and/or did not agree to the general ledger when performed. Current policies and procedures do not provide for segregation of duties as the Business Manager is to post and reconcile transactions without any review process.

Categories

Internal Control / Segregation of Duties

Other Findings in this Audit

  • 375815 2023-001
    Material Weakness Repeat
  • 375816 2023-002
    - Repeat
  • 375817 2023-001
    Material Weakness Repeat
  • 375818 2023-002
    - Repeat
  • 375819 2023-001
    Material Weakness Repeat
  • 375820 2023-002
    - Repeat
  • 375821 2023-001
    Material Weakness Repeat
  • 375822 2023-002
    - Repeat
  • 375823 2023-001
    Material Weakness Repeat
  • 375824 2023-002
    - Repeat
  • 952258 2023-002
    - Repeat
  • 952259 2023-001
    Material Weakness Repeat
  • 952260 2023-002
    - Repeat
  • 952261 2023-001
    Material Weakness Repeat
  • 952262 2023-002
    - Repeat
  • 952263 2023-001
    Material Weakness Repeat
  • 952264 2023-002
    - Repeat
  • 952265 2023-001
    Material Weakness Repeat
  • 952266 2023-002
    - Repeat

Programs in Audit

ALN Program Name Expenditures
15.062 Replacement and Repair of Indian Schools $8.15M
15.042 Indian School Equalization Program $3.15M
15.047 Indian Education Facilities, Operations, and Maintenance $1.03M
15.046 Administrative Cost Grants for Indian Schools $969,875
84.425 Education Stabilization Fund $791,400
84.010 Title I Grants to Local Educational Agencies $519,221
15.044 Indian Schools_student Transportation $328,822
84.027 Special Education_grants to States $322,034
10.555 National School Lunch Program $264,971
84.336 Teacher Quality Partnership Grants $134,618
15.151 Education Program Enhancements $1,041
84.358 Rural Education $930