FAC Explorer

Finding 966750 (2023-004)

Material Weakness Repeat Finding
Requirement
P
Questioned Costs
-
Year
2023
Accepted
2024-03-29
Audit: 301177
Organization: Wayne Community School District (IA)
Auditor: Roof Gerdes Erlbacher Plc

AI Summary

  • Answer: The district failed to properly separate duties related to custody, recordkeeping, and reconciling, especially for federal programs.
  • Trend: This issue highlights a recurring problem with internal controls and compliance in managing federal funds.
  • List: Recommend immediate review of roles and responsibilities to ensure proper segregation of duties and compliance with regulations.

Finding Text

SEGREGATION OF DUTIES - THE DISTRICT DID NOT PROPERLY SEGREGATE CUSTODY, RECORDKEEPING AND RECONCILING FUNCTIONS, INCLUDING THOSE RELATED TO FEDERAL PROGRAMS. SEE 2023-001

Categories

Internal Control / Segregation of Duties

Other Findings in this Audit

  • 390308 2023-004
    Material Weakness Repeat
  • 390309 2023-004
    Material Weakness Repeat
  • 966751 2023-004
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
84.425 Education Stabilization Fund $453,013
10.555 National School Lunch Program $264,673
84.010 Title I Grants to Local Educational Agencies $233,384
10.553 School Breakfast Program $61,569
84.358 Rural Education $29,065
84.027 Special Education_grants to States $28,647
84.367 Improving Teacher Quality State Grants $28,624
10.559 Summer Food Service Program for Children $14,895
84.424 Student Support and Academic Enrichment Program $12,585
84.048 Career and Technical Education -- Basic Grants to States $8,297