TREYNOR COMMUNITY SCHOOL DISTRICT

EIN: 426036814

UEI: QUMYLBCD4BZ3

Data as of August 23, 2026

TREYNOR COMMUNITY SCHOOL DISTRICT2 audit years2 findings1 repeat
2
Audit Years
2
Total Findings
1
Repeat Findings

FY 2022-06-30

Management decision deadline — for entities that funded this organization

The FAC accepted this audit on February 14, 2023. Under 2 CFR 200.521(d), a pass-through entity that provided federal funds to this organization for this audit period must issue a management decision on these findings by August 14, 2023 (1106 days ago).

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2022-002
Other
MATERIAL WEAKNESSREPEAT

AL Number 10.555: National School Lunch

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AL Number 10.555: National School Lunch

Corrective Action Plan

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Prior Finding References

2021-002

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FY 2021-06-30

FAC accepted this audit on January 11, 2022 — management decision was due July 11, 2022.

2021-001
Other
MATERIAL WEAKNESS

Segregation of Duties Criteria ? Management is responsible for establishing and maintaining internal control. A good system of internal control provides for adequate segregation of duties so no one individual handles a transaction from its inception to completion. In order to maintain proper internal control, duties should be segregated so the authorization, custody and recording of transactions are not under the control of the same employee. This segregation of duties helps prevent losses from employee error or dishonesty and maximizes the accuracy of the District?s financial statements. Condition ? 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. One individual has control over one or more of the following areas for the District: 1) Investments ? investing, recording, and reconciling. 2) Payroll ? recording approved pay rates and deductions. 3) Journal entries ? writing, approving, and posting. Cause ? The District has a limited number of employees and procedures have not been designed to adequately segregate duties or provide compensating controls through additional oversight of transactions and processes. Effect ? Inadequate segregation of duties could adversely affect the District?s ability to prevent or detect and correct misstatements, errors or misappropriation on a timely basis by employee in the normal course of performing their assigned functions. Recommendation ? We realize segregation of duties is difficult with a limited number of office employees. However, the District should review its procedures to obtain the maximum internal control possible under the circumstances utilizing currently available staff, including elected officials. Response and Corrective Action Planned ? We will continue to review control procedures and implement additional controls where possible. Conclusion ? Response accepted.

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Full finding narrative

Segregation of Duties Criteria ? Management is responsible for establishing and maintaining internal control. A good system of internal control provides for adequate segregation of duties so no one individual handles a transaction from its inception to completion. In order to maintain proper internal control, duties should be segregated so the authorization, custody and recording of transactions are not under the control of the same employee. This segregation of duties helps prevent losses from employee error or dishonesty and maximizes the accuracy of the District?s financial statements. Condition ? 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. One individual has control over one or more of the following areas for the District: 1) Investments ? investing, recording, and reconciling. 2) Payroll ? recording approved pay rates and deductions. 3) Journal entries ? writing, approving, and posting. Cause ? The District has a limited number of employees and procedures have not been designed to adequately segregate duties or provide compensating controls through additional oversight of transactions and processes. Effect ? Inadequate segregation of duties could adversely affect the District?s ability to prevent or detect and correct misstatements, errors or misappropriation on a timely basis by employee in the normal course of performing their assigned functions. Recommendation ? We realize segregation of duties is difficult with a limited number of office employees. However, the District should review its procedures to obtain the maximum internal control possible under the circumstances utilizing currently available staff, including elected officials. Response and Corrective Action Planned ? We will continue to review control procedures and implement additional controls where possible. Conclusion ? Response accepted.

Corrective Action Plan

We will continue to review control procedures and implement additional controls where possible.

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