FAC Explorer

Finding 970268 (2022-002)

Material Weakness Repeat Finding
Requirement
ABFL
Questioned Costs
-
Year
2022
Accepted
2024-04-19
Audit: 304025
Organization: Lamoni Community School District (IA)
Auditor: Nolte Cornman & Johnson

AI Summary

  • Core Issue: One employee has too much control over critical financial areas, increasing the risk of errors or fraud.
  • Impacted Requirements: Segregation of duties is not being properly implemented for federal program management.
  • Recommended Follow-Up: Review and redistribute responsibilities to ensure no single employee manages incompatible duties.

Finding Text

One important aspect of internal accounting control is the segregation of duties among employees to prevent an individual employee from handling duties which are incompatible. We noted one individual has control over one or more of the following areas for the District relating to federal programs; cash, investments, receipts, disbursements, capital assets, financial reporting, school lunch program and journal entries.

Categories

Reporting Internal Control / Segregation of Duties

Other Findings in this Audit

  • 393826 2022-002
    Material Weakness Repeat
  • 393827 2022-002
    Material Weakness Repeat
  • 970269 2022-002
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
84.425 Education Stabilization Fund $273,285
10.555 National School Lunch Program $239,029
84.010 Title I Grants to Local Educational Agencies $133,571
10.553 School Breakfast Program $62,221
84.048 Career and Technical Education -- Basic Grants to States $32,585
84.287 Twenty-First Century Community Learning Centers $25,335
93.600 Head Start $25,068
84.367 Improving Teacher Quality State Grants $22,722
84.358 Rural Education $17,602
10.582 Fresh Fruit and Vegetable Program $8,289
84.424 Student Support and Academic Enrichment Program $7,734
84.027 Special Education_grants to States $2,381
10.649 Pandemic Ebt Administrative Costs $614