FAC Explorer

Finding 971566 (2022-002)

Material Weakness Repeat Finding
Requirement
ABFL
Questioned Costs
-
Year
2022
Accepted
2024-04-30
Audit: 305049
Organization: Riceville Community School District (IA)
Auditor: Nolte Cornman & Johnson

AI Summary

  • Core Issue: One employee has too much control over critical areas, risking incompatible duties.
  • Impacted Requirements: Segregation of duties is not being properly enforced, which is essential for internal controls.
  • Recommended Follow-Up: Review and adjust responsibilities to ensure proper segregation of duties across all areas.

Finding Text

One important aspect of the internal control structure 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 portions of one or more of the following areas for the District relating to federal programs; cash, inventories, capital assets, receipts, payroll, disbursements and computer systems. See finding 2022-001.

Categories

Internal Control / Segregation of Duties

Other Findings in this Audit

  • 395124 2022-002
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
84.425 Education Stabilization Fund $644,164
10.555 National School Lunch Program $263,322
10.553 School Breakfast Program $74,933
84.010 Title I Grants to Local Educational Agencies $70,272
84.358 Rural Education $39,920
10.559 Summer Food Service Program for Children $23,984
84.367 Improving Teacher Quality State Grants $19,698
84.424 Student Support and Academic Enrichment Program $10,000
84.048 Career and Technical Education -- Basic Grants to States $7,243
84.027 Special Education_grants to States $2,369