GOODRICH ISD

EIN: 746001011

UEI: KNS9BJZJ3595

Data as of August 24, 2026

GOODRICH ISD2 audit years2 findings
2
Audit Years
2
Total Findings
0
Repeat Findings

FY 2022-08-31

Management decision deadline — for entities that funded this organization

The FAC accepted this audit on October 30, 2022. 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 April 30, 2023 (1212 days ago).

What is a management decision? →
2022-001
Activities Allowed or Unallowed / Special Tests & Provisions

Due to the limited number of personnel, a segregation of certain accounting functions was notpossible.Criteria: The District continues to establish procedures that would ensure proper segregation of certainaccounting functions, especially, to limit the functions of recording, authorizing and custody.Effect: As a result, during the audit period, operation of procedures might not have allowedmanagement or employees, in the normal course of performing their assigned functions, toprevent, or detect and correct misstatements on a timely basis.Cause: The District has limited resources and personnel in the responsibilities and business function.Recommendation: We recommend that the Board of Trustees continue to monitor the internal accounting controlprocedures in use to assure that compensating controls are being utilized to provide assurancethat assets are safeguarded and transactions are proper and recorded in a timely manner. Theseactions would mitigate, but not eliminate the risk of misstatement or misappropriation.Contact: SuperintendentTimeframe: Ongoing

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Full finding narrative

2022-01 - Segregation of DutiesCondition: Due to the limited number of personnel, a segregation of certain accounting functions was notpossible.Criteria: The District continues to establish procedures that would ensure proper segregation of certainaccounting functions, especially, to limit the functions of recording, authorizing and custody.Effect: As a result, during the audit period, operation of procedures might not have allowedmanagement or employees, in the normal course of performing their assigned functions, toprevent, or detect and correct misstatements on a timely basis.Cause: The District has limited resources and personnel in the responsibilities and business function.Recommendation: We recommend that the Board of Trustees continue to monitor the internal accounting controlprocedures in use to assure that compensating controls are being utilized to provide assurancethat assets are safeguarded and transactions are proper and recorded in a timely manner. Theseactions would mitigate, but not eliminate the risk of misstatement or misappropriation.Contact: SuperintendentTimeframe: Ongoing

Corrective Action Plan

2022-01 - Segregation of DutiesDistrict management and the board will continue to monitor the internal accounting control procedures in use toassure that compensating controls are being utilized to provide assurance that assets are safeguarded andtransactions are proper and recorded in a timely manner.

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2022-002
Activities Allowed or Unallowed / Special Tests & Provisions

The District has no policies on federal awards other than general business office policy.Criteria: The District is required to have specific federal grant policies.Effect: The District may not be in compliance with Federal requirements.Cause: The District has not formally approved the separate policy.Recommendation: The District should adopt a formal policyContact: SuperintendentTimeframe: Immediate

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Full finding narrative

2022-02 - Formal Policies on Federal AwardsCondition: The District has no policies on federal awards other than general business office policy.Criteria: The District is required to have specific federal grant policies.Effect: The District may not be in compliance with Federal requirements.Cause: The District has not formally approved the separate policy.Recommendation: The District should adopt a formal policyContact: SuperintendentTimeframe: Immediate

Corrective Action Plan

2022-02 - Formal Policies on Federal AwardsThe District will formally adopt federal grant guidelines.

About Activities Allowed or Unallowed, Special Tests and Provisions →

Data source: This information comes from the Federal Audit Clearinghouse, the official repository of Single Audit data. All data is public domain. Verify this organization's audit history at fac.gov.

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