Delaware News

Fiscal Year 2015 School District Revenue and Debt Service Management Inspection – Sussex Technical School District

Auditor of Accounts | Former Auditor of Accounts - R. Thomas Wagner, Jr. | Date Posted: Wednesday, March 22, 2017



The School District Revenue and Debt Service Management inspection report for Sussex Technical School District is available.

The Office of Auditor of Accounts (AOA) reviewed revenues received by the Sussex Technical School District (the School District) in Fiscal Year 2015, as reported by the School District in the Schedule of School District Revenues, and the internal controls surrounding the School District’s receipt process. During Fiscal Year 2015, Sussex technical received over $27.8 million in revenue from federal, State, local, and other sources.

AOA’s review of internal controls specifically focused on cafeteria, adult education, and student activity funds since these revenues are generated through cash receipts. We found that the School District did not always ensure the physical security of cash, segregate duties appropriately, and monitor adherence to cash receipts controls.

We recommend that the School District work to develop policies and procedures that are detailed enough to easily identify individual responsibilities and ensure an adequate segregation of duties. Finally, management should complete and document their monitoring activities, including reconciliations, to ensure a proper segregation of duties, and hold all individuals involved in the revenue process accountable for their responsibilities.

If you have any questions, please contact R. Thomas Wagner, State Auditor, at 302-739-5055 or r.thomas.wagner@delaware.gov.

image_printPrint


Graphic that represents delaware news on a mobile phone

Keep up to date by receiving a daily digest email, around noon, of current news release posts from state agencies on news.delaware.gov.

Here you can subscribe to future news updates.

Fiscal Year 2015 School District Revenue and Debt Service Management Inspection – Sussex Technical School District

Auditor of Accounts | Former Auditor of Accounts - R. Thomas Wagner, Jr. | Date Posted: Wednesday, March 22, 2017



The School District Revenue and Debt Service Management inspection report for Sussex Technical School District is available.

The Office of Auditor of Accounts (AOA) reviewed revenues received by the Sussex Technical School District (the School District) in Fiscal Year 2015, as reported by the School District in the Schedule of School District Revenues, and the internal controls surrounding the School District’s receipt process. During Fiscal Year 2015, Sussex technical received over $27.8 million in revenue from federal, State, local, and other sources.

AOA’s review of internal controls specifically focused on cafeteria, adult education, and student activity funds since these revenues are generated through cash receipts. We found that the School District did not always ensure the physical security of cash, segregate duties appropriately, and monitor adherence to cash receipts controls.

We recommend that the School District work to develop policies and procedures that are detailed enough to easily identify individual responsibilities and ensure an adequate segregation of duties. Finally, management should complete and document their monitoring activities, including reconciliations, to ensure a proper segregation of duties, and hold all individuals involved in the revenue process accountable for their responsibilities.

If you have any questions, please contact R. Thomas Wagner, State Auditor, at 302-739-5055 or r.thomas.wagner@delaware.gov.

image_printPrint


Graphic that represents delaware news on a mobile phone

Keep up to date by receiving a daily digest email, around noon, of current news release posts from state agencies on news.delaware.gov.

Here you can subscribe to future news updates.