FAC Explorer

Finding 967284 (2023-001)

Significant Deficiency Repeat Finding
Requirement
P
Questioned Costs
-
Year
2023
Accepted
2024-04-01
Audit: 301558
Organization: Rockton School District No. 140 (IL)
Auditor: Benning Group LLC

AI Summary

  • Answer: The District treasurer's role is compromised due to dual responsibilities.
  • Trend: Combining roles of treasurer and bookkeeper weakens internal controls.
  • List: Recommend separating these roles to enhance oversight and accountability.

Finding Text

The function of the District treasurer is to review the accounting functions and provide a measure of oversight over daily procedures. The District bookkeeper also serves as the District treasurer. Segregation of duties essential for proper internal control over financial transactions is compromised when the same person functions in the capacity of both the person responsible for recording transactions and the person responsible for oversight of the financial procedures.

Categories

Internal Control / Segregation of Duties

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
84.425 Education Stabilization Fund Esser III $475,443
10.555 National School Lunch $348,315
84.027 Special Education Grants to States $335,191
84.010 Title I Grants to Local Educational Agencies $175,435
10.555 Crrsa Child Nutrition Emergency Funding $84,627
84.425 Education Stabilization Fund D3 $53,200
10.555 Dod Fresh Fruits and Vegetables Program $38,848
84.367 Improving Teacher Quality State Grants Title II $37,579
84.334 Gaining Early Awareness and Readiness for Undergraduate Programs $28,972
93.778 Medical Assistance Program $27,170
10.553 School Breakfast Program $25,184
10.555 Commodities Program $22,523
84.424 Student Support and Academic Enrichment Program Title IV $16,480
84.173 Special Education Preschool Grants $11,894
84.425 Education Stabilization Fund Arp Hl $4,800
10.556 Special Milk Program for Children $1,563
10.649 Pandemic Ebt Administrative Costs $628