Texas · Local government · under $2M in federal spending

KENNARD INDEPENDENT SCHOOL DISTRICT

KENNARD, TX

The FY2023 single audit reports 1 finding: 1 significant deficiency, 1 repeat.

No FY2024 single audit on file as of October 30, 2026. For the fiscal year ending August 31, 2024, it was due May 31, 2025, 517 days earlier. It is expected because the FY2023 audit reported $1,263,884 in federal spending; an organization whose federal spending fell below the threshold would not need one.

Score: 11 of 100 (FY2023 audit)

The sum of eight parts, each read from the audit. How the score works.

Part	Rule	Points	Max
Material weaknesses	8 points each	0	24
Significant deficiencies	3 points each	3	9
Repeat findings	5 points each	5	15
Longest repeat chain	2 years 3, 3 years 6, 4 years 9, 5+ years 12	3	12
Modified major-program opinions	qualified 8 each; any adverse or disclaimer 15	0	15
Questioned costs	known amount of $25,000 or more, by share and dollars	0	15
Going concern	auditor included a going-concern paragraph	0	5
Prior-year lateness	prior-year audit late or not filed, scored only with a finding	0	5
Score		11	100

Federal funding, FY2023

$1,263,884 in federal awards spent, across 9 programs. Largest funding agencies:

Agency	Spent
Department of Education	$994,811
Department of Agriculture	$247,919
Department of Health and Human Services	$21,154

FY2023 audit

FAC record: 2023-08-GSAFAC-0000018609
Fiscal year end: August 31, 2023
Accepted by FAC: January 12, 2024
Federal spending: $1,263,884 · 9 programs
Major programs: 1
Score: 11 of 100

Finding 2023-001

significant deficiencyrepeat finding

Program: EDUCATION STABILIZATION FUND (84.425)
Compliance requirement: Activities allowed or unallowed
Repeat: Chain of 2 audit years; prior finding 2022-001
FAC record: FY2023 audit on fac.gov

Finding text from the filing

Segregation of duties

Condition - Due to the limited number of personnel, a segregation of certain accounting functions was not possible.

Criteria - Proper segregation of duties should ensure segregation of the recording, authorizing, and custody functions.

Effect - Improper segregation might not have allowed management, in performing their assigned functions, to provent, or detect and correct misstatements on a timely basis.

Cause - The District has limited resources and personnel within the business office.

Recommendation - We recommend that the Board and management continue to monitor the internal control procedures in use to assume that compensating controls are utilized to provide assurance that assets are safeguarded and transactions are proper and recorded in a timely manner. These actions will mitigate, but not eliminate the risk of misstatements or misappropriations.

Contact - Superintendent

Timeframe - Continuing