Notice of Audit of the Fiscal Affair of the Waverly School

NOTICE OF AUDIT

OF THE FISCAL AFFAIR

 OF THE WAVERLY SCHOOL

DISTRICT NO. 14-5

 

 

 

 

 

 

 

Notice is hereby given that Waverly School District No. 14-5, Codington County, South Dakota, has been audited by Schoenfish & Co, Inc., Parkston, South Dakota, for the year ended June 30, 2022. A detailed report theron is available for public inspection, during normal business hours, at the business office of the School District, and also available at the Department of Legislative Audit in Pierre, South Dakota or on the Department of Legislative Audit website at http://www.

state.sd.us/legislativeaudit/Reports/reports_all.htm.

The following finding and recommendation provide a brief description of material weaknesses in internal control, legal noncompliance and other matters that are described in more detail in the audit report.

Finding:

A Material weakness in internal controls was noted due to a lack of proper segregation of duties for revenues. This is a continuing audit comment since fiscal year 2008.

Recommendation:

We recommend that the Waverly School District officials be cognizant of this lack of segregation of duties for revenues and attempt to provide compensating internal controls whenever, and wherever, possible and practical.

The report also contains the auditor’s findings and recommendations concerning less significant deficiencies in internal control at the School District.

/s/ Schoenfish & Co., Inc., CPA’s

Schoenfish & Co., Inc.

105 East Main

Parkston, SD 57366

605-928-7241

Published two times at an approximate cost of $35.30 and can be viewed free of charge at www.sdpublicnotices.com.

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