FAC Explorer

Finding 960114 (2023-002)

Material Weakness Repeat Finding
Requirement
L
Questioned Costs
-
Year
2023
Accepted
2024-03-22
Audit: 296711
Organization: Sumner-Fredericksburg Community School District (IA)
Auditor: Kay L Chapman CPA PC

AI Summary

  • Answer: The District failed to separate key financial duties, which is essential for preventing errors and fraud.
  • Trend: This issue affects both revenue and expenditure management, including federal program funds.
  • List: Recommend implementing clear roles for custody, record-keeping, and reconciliation to strengthen financial controls.

Finding Text

The District did not properly segregate custody, record-keeping and reconciling functions for revenues and expenditures, including those related to federal programs. See 2023-001.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 383669 2023-002
    Material Weakness Repeat
  • 383670 2023-002
    Material Weakness Repeat
  • 383671 2023-002
    Material Weakness Repeat
  • 383672 2023-002
    Material Weakness Repeat
  • 960111 2023-002
    Material Weakness Repeat
  • 960112 2023-002
    Material Weakness Repeat
  • 960113 2023-002
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
84.425 Education Stabilization Fund $365,470
84.010 Title I Grants to Local Educational Agencies $84,632
84.215 Fund for the Improvement of Education $65,250
10.555 National School Lunch Program $47,872
10.553 School Breakfast Program $44,331
84.027 Special Education_grants to States $35,447
84.048 Career and Technical Education -- Basic Grants to States $19,261
84.367 Improving Teacher Quality State Grants $17,691
10.559 Summer Food Service Program for Children $12,307
84.424 Student Support and Academic Enrichment Program $10,000