FAC Explorer

Finding 9600 (2023-003)

Significant Deficiency
Requirement
P
Questioned Costs
-
Year
2023
Accepted
2024-01-24
Audit: 13291
Organization: Ahstw Community School District (IA)
Auditor: Schroer & Associates PC

AI Summary

  • Answer: The District failed to separate key financial duties, which increases the risk of errors and fraud.
  • Trend: This issue affects both receipts and disbursements, including federal program transactions.
  • List: Recommend implementing clear roles for recording and reconciling to ensure proper oversight.

Finding Text

Segregation of Duties – The District did not properly segregate, record-keeping and reconciling functions for receipts and disbursements, including those related to federal programs.

Categories

Internal Control / Segregation of Duties

Other Findings in this Audit

  • 9599 2023-003
    Significant Deficiency
  • 586041 2023-003
    Significant Deficiency
  • 586042 2023-003
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
10.555 National School Lunch Program $305,259
84.010 Title I Grants to Local Educational Agencies $105,925
10.553 School Breakfast Program $45,961
84.027 Special Education_grants to States $35,474
84.425 Education Stabilization Fund $23,258
84.367 Improving Teacher Quality State Grants $16,878
84.424 Student Support and Academic Enrichment Program $10,000
84.048 Career and Technical Education -- Basic Grants to States $616