Audit 322147

Finding Number: 2023-001 Federal Agency: U.S. Department of Homeland Security Cluster/Program: COVID-19 – Disaster Grants – Public Assistance (Presidentially Declared Disasters) AL Number(s): 97.036 Award Year: 2023 Compliance Requirement: Activities Allowed or Unallowed & Allowable Cost/Cost Principles Type of Finding Internal Control over Compliance - Significant Deficiency Criteria or Specific Requirement All disbursements should be supported by documented evidence to ensure expenditures are allowable under the award terms. Condition and Context It was observed that the Town did not retain signed vouchers or equivalent documentation for certain vendor and payroll disbursements. Cause An inadequacy in the internal control system designed to ensure retention of appropriate supporting evidence for expenditures. Effect or Potential Effect The effect of not retaining signed disbursement approval is the inability to demonstrate that expenditures were approved by an individual knowledgeable of the program and its requirements. This could result in disallowed costs and a potential requirement to refund money. Recommendation The Town should establish and enforce policies and procedures to require the retention of signed vouchers and supporting documentation for all invoices. Views of Responsible Official Management agrees with the finding. Planned Corrective Action Management’s corrective action plan is included at the end of this report after the Schedule of Prior Year Findings.

Finding Number: 2023-002 Federal Agency: U.S. Department of the Treasury Cluster/Program: COVID-19 – Coronavirus State and Local Fiscal Recovery Fund AL Number(s): 21.027 Award Year: 2023 Compliance Requirement: Reporting Type of Finding Compliance Internal Control over Compliance - Significant Deficiency Criteria or Specific Requirement Recipients of the ARPA SLFRF grants must adhere to the U.S. Department of the Treasury’s reporting requirements, which include the submission of accurate and timely project and expenditure reports to demonstrate compliance with the allowable use of funds and the progress of projects financed by the grant. Condition and Context It was noted that the Town did not complete the required project and expenditure reports within the stipulated deadlines for the ARPA SLFRF grant. Cause The lack of completing the required project and expenditure reports may be due to an insufficient control system to track and ensure compliance with reporting guidelines. Effect or Potential Effect The noncompliance with reporting requirements could result in the withholding of further grant payments and recovery of funds by the Federal agency. Recommendation The Town should develop a detailed reporting schedule in accordance with the Treasury’s requirements and develop personnel to oversee compliance with reporting requirements and establish an internal review process to verify the accuracy and completeness of reports before submission. Views of Responsible Official Management agrees with the finding. Planned Corrective Action Management’s corrective action plan is included at the end of this report after the Schedule of Prior Year Findings.

Finding Number: 2023-003 Federal Agency: U.S. Department of Education Cluster/Program: Supporting Effective Instruction State Grant AL Number(s): 84.367A Award Year: 2023 Compliance Requirement: Reporting Type of Finding Compliance Internal Control over Compliance – Material Weakness Criteria or Specific Requirement The Supporting Effective Instruction State Grant requires that final financial reports include all expenditures incurred during the period of performance. These reports must be accurate, complete, and adhere to the financial reporting requirements as stipulated by the grant agreement and federal regulations. Additionally, financial reports should be prepared and reviewed by different individuals to ensure proper segregation of duties. Condition and Context Upon review of the final financial reports submitted for the program, it was noted that not all expenditures incurred were included. Additionally, the reports were completed and signed by the same individual, indicating a lack of proper internal controls concerning the segregation of duties. Cause The omission of certain expenditures from the final financial report appears to be the result of an oversight or misunderstanding of reporting requirements. The completion and signing of the report by the same individual may be due to a lack of adequate staffing or a misunderstanding of reporting requirements. Effect or Potential Effect The incomplete final financial reports do not accurately reflect the total expenditures associated with the program, potentially resulting in a misrepresentation of the use of federal funds. Furthermore, the lack of segregation of duties in the reporting process increases the risk of undetected errors. Recommendation The Town should review all expenditures to ensure that they are accurately captured and reported in the final financial reports for the program. Additionally, the Town should institute a policy requiring the final financial reports be prepared and reviewed by separate individuals. Views of Responsible Official Management agrees with the finding. Planned Corrective Action Management’s corrective action plan is included at the end of this report after the Schedule of Prior Year Findings.

Finding Number: 2023-004 Federal Agency: U.S. Department of Education Cluster/Program: Education Stabilization Fund AL Number(s): 84.425 Award Year: 2023 Compliance Requirement: Equipment/Real Property Management Type of Finding Compliance Internal Control over Compliance – Significant Deficiency Criteria or Specific Requirement According to federal regulations, recipients of federal funds under the Education Stabilization Fund are required to maintain accurate records and logs for equipment purchased with such funds. These logs should include detailed information about the acquisition, use, maintenance, and disposition of the equipment. Condition and Context Upon review, it was noted that equipment logs were not maintained for equipment purchased with funds from the Education Stabilization Fund. Cause The absence of equipment logs could be attributed to lack of awareness of federal requirements. Effect or Potential Effect Failure to keep equipment logs jeopardizes the Town’s accountability for federal assets and potentially could lead to misuse or misappropriation of federally funded equipment. Recommendation The Town should initiate the process of creating and maintain detailed equipment logs for all federally funded equipment purchases and train relevant personnel on the proper procedures for equipment recordkeeping, emphasizing the importance of these logs in federal fund management. Views of Responsible Official Management agrees with the finding. Planned Corrective Action Management’s corrective action plan is included at the end of this report after the Schedule of Prior Year Findings.

Finding Number: 2023-004 Federal Agency: U.S. Department of Education Cluster/Program: Education Stabilization Fund AL Number(s): 84.425 Award Year: 2023 Compliance Requirement: Equipment/Real Property Management Type of Finding Compliance Internal Control over Compliance – Significant Deficiency Criteria or Specific Requirement According to federal regulations, recipients of federal funds under the Education Stabilization Fund are required to maintain accurate records and logs for equipment purchased with such funds. These logs should include detailed information about the acquisition, use, maintenance, and disposition of the equipment. Condition and Context Upon review, it was noted that equipment logs were not maintained for equipment purchased with funds from the Education Stabilization Fund. Cause The absence of equipment logs could be attributed to lack of awareness of federal requirements. Effect or Potential Effect Failure to keep equipment logs jeopardizes the Town’s accountability for federal assets and potentially could lead to misuse or misappropriation of federally funded equipment. Recommendation The Town should initiate the process of creating and maintain detailed equipment logs for all federally funded equipment purchases and train relevant personnel on the proper procedures for equipment recordkeeping, emphasizing the importance of these logs in federal fund management. Views of Responsible Official Management agrees with the finding. Planned Corrective Action Management’s corrective action plan is included at the end of this report after the Schedule of Prior Year Findings.

Finding Number: 2023-004 Federal Agency: U.S. Department of Education Cluster/Program: Education Stabilization Fund AL Number(s): 84.425 Award Year: 2023 Compliance Requirement: Equipment/Real Property Management Type of Finding Compliance Internal Control over Compliance – Significant Deficiency Criteria or Specific Requirement According to federal regulations, recipients of federal funds under the Education Stabilization Fund are required to maintain accurate records and logs for equipment purchased with such funds. These logs should include detailed information about the acquisition, use, maintenance, and disposition of the equipment. Condition and Context Upon review, it was noted that equipment logs were not maintained for equipment purchased with funds from the Education Stabilization Fund. Cause The absence of equipment logs could be attributed to lack of awareness of federal requirements. Effect or Potential Effect Failure to keep equipment logs jeopardizes the Town’s accountability for federal assets and potentially could lead to misuse or misappropriation of federally funded equipment. Recommendation The Town should initiate the process of creating and maintain detailed equipment logs for all federally funded equipment purchases and train relevant personnel on the proper procedures for equipment recordkeeping, emphasizing the importance of these logs in federal fund management. Views of Responsible Official Management agrees with the finding. Planned Corrective Action Management’s corrective action plan is included at the end of this report after the Schedule of Prior Year Findings.

Finding Number: 2023-004 Federal Agency: U.S. Department of Education Cluster/Program: Education Stabilization Fund AL Number(s): 84.425 Award Year: 2023 Compliance Requirement: Equipment/Real Property Management Type of Finding Compliance Internal Control over Compliance – Significant Deficiency Criteria or Specific Requirement According to federal regulations, recipients of federal funds under the Education Stabilization Fund are required to maintain accurate records and logs for equipment purchased with such funds. These logs should include detailed information about the acquisition, use, maintenance, and disposition of the equipment. Condition and Context Upon review, it was noted that equipment logs were not maintained for equipment purchased with funds from the Education Stabilization Fund. Cause The absence of equipment logs could be attributed to lack of awareness of federal requirements. Effect or Potential Effect Failure to keep equipment logs jeopardizes the Town’s accountability for federal assets and potentially could lead to misuse or misappropriation of federally funded equipment. Recommendation The Town should initiate the process of creating and maintain detailed equipment logs for all federally funded equipment purchases and train relevant personnel on the proper procedures for equipment recordkeeping, emphasizing the importance of these logs in federal fund management. Views of Responsible Official Management agrees with the finding. Planned Corrective Action Management’s corrective action plan is included at the end of this report after the Schedule of Prior Year Findings.

Finding Number: 2023-004 Federal Agency: U.S. Department of Education Cluster/Program: Education Stabilization Fund AL Number(s): 84.425 Award Year: 2023 Compliance Requirement: Equipment/Real Property Management Type of Finding Compliance Internal Control over Compliance – Significant Deficiency Criteria or Specific Requirement According to federal regulations, recipients of federal funds under the Education Stabilization Fund are required to maintain accurate records and logs for equipment purchased with such funds. These logs should include detailed information about the acquisition, use, maintenance, and disposition of the equipment. Condition and Context Upon review, it was noted that equipment logs were not maintained for equipment purchased with funds from the Education Stabilization Fund. Cause The absence of equipment logs could be attributed to lack of awareness of federal requirements. Effect or Potential Effect Failure to keep equipment logs jeopardizes the Town’s accountability for federal assets and potentially could lead to misuse or misappropriation of federally funded equipment. Recommendation The Town should initiate the process of creating and maintain detailed equipment logs for all federally funded equipment purchases and train relevant personnel on the proper procedures for equipment recordkeeping, emphasizing the importance of these logs in federal fund management. Views of Responsible Official Management agrees with the finding. Planned Corrective Action Management’s corrective action plan is included at the end of this report after the Schedule of Prior Year Findings.

Finding Number: 2023-004 Federal Agency: U.S. Department of Education Cluster/Program: Education Stabilization Fund AL Number(s): 84.425 Award Year: 2023 Compliance Requirement: Equipment/Real Property Management Type of Finding Compliance Internal Control over Compliance – Significant Deficiency Criteria or Specific Requirement According to federal regulations, recipients of federal funds under the Education Stabilization Fund are required to maintain accurate records and logs for equipment purchased with such funds. These logs should include detailed information about the acquisition, use, maintenance, and disposition of the equipment. Condition and Context Upon review, it was noted that equipment logs were not maintained for equipment purchased with funds from the Education Stabilization Fund. Cause The absence of equipment logs could be attributed to lack of awareness of federal requirements. Effect or Potential Effect Failure to keep equipment logs jeopardizes the Town’s accountability for federal assets and potentially could lead to misuse or misappropriation of federally funded equipment. Recommendation The Town should initiate the process of creating and maintain detailed equipment logs for all federally funded equipment purchases and train relevant personnel on the proper procedures for equipment recordkeeping, emphasizing the importance of these logs in federal fund management. Views of Responsible Official Management agrees with the finding. Planned Corrective Action Management’s corrective action plan is included at the end of this report after the Schedule of Prior Year Findings.

Finding Number: 2023-004 Federal Agency: U.S. Department of Education Cluster/Program: Education Stabilization Fund AL Number(s): 84.425 Award Year: 2023 Compliance Requirement: Equipment/Real Property Management Type of Finding Compliance Internal Control over Compliance – Significant Deficiency Criteria or Specific Requirement According to federal regulations, recipients of federal funds under the Education Stabilization Fund are required to maintain accurate records and logs for equipment purchased with such funds. These logs should include detailed information about the acquisition, use, maintenance, and disposition of the equipment. Condition and Context Upon review, it was noted that equipment logs were not maintained for equipment purchased with funds from the Education Stabilization Fund. Cause The absence of equipment logs could be attributed to lack of awareness of federal requirements. Effect or Potential Effect Failure to keep equipment logs jeopardizes the Town’s accountability for federal assets and potentially could lead to misuse or misappropriation of federally funded equipment. Recommendation The Town should initiate the process of creating and maintain detailed equipment logs for all federally funded equipment purchases and train relevant personnel on the proper procedures for equipment recordkeeping, emphasizing the importance of these logs in federal fund management. Views of Responsible Official Management agrees with the finding. Planned Corrective Action Management’s corrective action plan is included at the end of this report after the Schedule of Prior Year Findings.

Finding Number: 2023-001 Federal Agency: U.S. Department of Homeland Security Cluster/Program: COVID-19 – Disaster Grants – Public Assistance (Presidentially Declared Disasters) AL Number(s): 97.036 Award Year: 2023 Compliance Requirement: Activities Allowed or Unallowed & Allowable Cost/Cost Principles Type of Finding Internal Control over Compliance - Significant Deficiency Criteria or Specific Requirement All disbursements should be supported by documented evidence to ensure expenditures are allowable under the award terms. Condition and Context It was observed that the Town did not retain signed vouchers or equivalent documentation for certain vendor and payroll disbursements. Cause An inadequacy in the internal control system designed to ensure retention of appropriate supporting evidence for expenditures. Effect or Potential Effect The effect of not retaining signed disbursement approval is the inability to demonstrate that expenditures were approved by an individual knowledgeable of the program and its requirements. This could result in disallowed costs and a potential requirement to refund money. Recommendation The Town should establish and enforce policies and procedures to require the retention of signed vouchers and supporting documentation for all invoices. Views of Responsible Official Management agrees with the finding. Planned Corrective Action Management’s corrective action plan is included at the end of this report after the Schedule of Prior Year Findings.

Finding Number: 2023-002 Federal Agency: U.S. Department of the Treasury Cluster/Program: COVID-19 – Coronavirus State and Local Fiscal Recovery Fund AL Number(s): 21.027 Award Year: 2023 Compliance Requirement: Reporting Type of Finding Compliance Internal Control over Compliance - Significant Deficiency Criteria or Specific Requirement Recipients of the ARPA SLFRF grants must adhere to the U.S. Department of the Treasury’s reporting requirements, which include the submission of accurate and timely project and expenditure reports to demonstrate compliance with the allowable use of funds and the progress of projects financed by the grant. Condition and Context It was noted that the Town did not complete the required project and expenditure reports within the stipulated deadlines for the ARPA SLFRF grant. Cause The lack of completing the required project and expenditure reports may be due to an insufficient control system to track and ensure compliance with reporting guidelines. Effect or Potential Effect The noncompliance with reporting requirements could result in the withholding of further grant payments and recovery of funds by the Federal agency. Recommendation The Town should develop a detailed reporting schedule in accordance with the Treasury’s requirements and develop personnel to oversee compliance with reporting requirements and establish an internal review process to verify the accuracy and completeness of reports before submission. Views of Responsible Official Management agrees with the finding. Planned Corrective Action Management’s corrective action plan is included at the end of this report after the Schedule of Prior Year Findings.

Finding Number: 2023-003 Federal Agency: U.S. Department of Education Cluster/Program: Supporting Effective Instruction State Grant AL Number(s): 84.367A Award Year: 2023 Compliance Requirement: Reporting Type of Finding Compliance Internal Control over Compliance – Material Weakness Criteria or Specific Requirement The Supporting Effective Instruction State Grant requires that final financial reports include all expenditures incurred during the period of performance. These reports must be accurate, complete, and adhere to the financial reporting requirements as stipulated by the grant agreement and federal regulations. Additionally, financial reports should be prepared and reviewed by different individuals to ensure proper segregation of duties. Condition and Context Upon review of the final financial reports submitted for the program, it was noted that not all expenditures incurred were included. Additionally, the reports were completed and signed by the same individual, indicating a lack of proper internal controls concerning the segregation of duties. Cause The omission of certain expenditures from the final financial report appears to be the result of an oversight or misunderstanding of reporting requirements. The completion and signing of the report by the same individual may be due to a lack of adequate staffing or a misunderstanding of reporting requirements. Effect or Potential Effect The incomplete final financial reports do not accurately reflect the total expenditures associated with the program, potentially resulting in a misrepresentation of the use of federal funds. Furthermore, the lack of segregation of duties in the reporting process increases the risk of undetected errors. Recommendation The Town should review all expenditures to ensure that they are accurately captured and reported in the final financial reports for the program. Additionally, the Town should institute a policy requiring the final financial reports be prepared and reviewed by separate individuals. Views of Responsible Official Management agrees with the finding. Planned Corrective Action Management’s corrective action plan is included at the end of this report after the Schedule of Prior Year Findings.

Finding Number: 2023-004 Federal Agency: U.S. Department of Education Cluster/Program: Education Stabilization Fund AL Number(s): 84.425 Award Year: 2023 Compliance Requirement: Equipment/Real Property Management Type of Finding Compliance Internal Control over Compliance – Significant Deficiency Criteria or Specific Requirement According to federal regulations, recipients of federal funds under the Education Stabilization Fund are required to maintain accurate records and logs for equipment purchased with such funds. These logs should include detailed information about the acquisition, use, maintenance, and disposition of the equipment. Condition and Context Upon review, it was noted that equipment logs were not maintained for equipment purchased with funds from the Education Stabilization Fund. Cause The absence of equipment logs could be attributed to lack of awareness of federal requirements. Effect or Potential Effect Failure to keep equipment logs jeopardizes the Town’s accountability for federal assets and potentially could lead to misuse or misappropriation of federally funded equipment. Recommendation The Town should initiate the process of creating and maintain detailed equipment logs for all federally funded equipment purchases and train relevant personnel on the proper procedures for equipment recordkeeping, emphasizing the importance of these logs in federal fund management. Views of Responsible Official Management agrees with the finding. Planned Corrective Action Management’s corrective action plan is included at the end of this report after the Schedule of Prior Year Findings.

Finding Number: 2023-004 Federal Agency: U.S. Department of Education Cluster/Program: Education Stabilization Fund AL Number(s): 84.425 Award Year: 2023 Compliance Requirement: Equipment/Real Property Management Type of Finding Compliance Internal Control over Compliance – Significant Deficiency Criteria or Specific Requirement According to federal regulations, recipients of federal funds under the Education Stabilization Fund are required to maintain accurate records and logs for equipment purchased with such funds. These logs should include detailed information about the acquisition, use, maintenance, and disposition of the equipment. Condition and Context Upon review, it was noted that equipment logs were not maintained for equipment purchased with funds from the Education Stabilization Fund. Cause The absence of equipment logs could be attributed to lack of awareness of federal requirements. Effect or Potential Effect Failure to keep equipment logs jeopardizes the Town’s accountability for federal assets and potentially could lead to misuse or misappropriation of federally funded equipment. Recommendation The Town should initiate the process of creating and maintain detailed equipment logs for all federally funded equipment purchases and train relevant personnel on the proper procedures for equipment recordkeeping, emphasizing the importance of these logs in federal fund management. Views of Responsible Official Management agrees with the finding. Planned Corrective Action Management’s corrective action plan is included at the end of this report after the Schedule of Prior Year Findings.

Finding Number: 2023-004 Federal Agency: U.S. Department of Education Cluster/Program: Education Stabilization Fund AL Number(s): 84.425 Award Year: 2023 Compliance Requirement: Equipment/Real Property Management Type of Finding Compliance Internal Control over Compliance – Significant Deficiency Criteria or Specific Requirement According to federal regulations, recipients of federal funds under the Education Stabilization Fund are required to maintain accurate records and logs for equipment purchased with such funds. These logs should include detailed information about the acquisition, use, maintenance, and disposition of the equipment. Condition and Context Upon review, it was noted that equipment logs were not maintained for equipment purchased with funds from the Education Stabilization Fund. Cause The absence of equipment logs could be attributed to lack of awareness of federal requirements. Effect or Potential Effect Failure to keep equipment logs jeopardizes the Town’s accountability for federal assets and potentially could lead to misuse or misappropriation of federally funded equipment. Recommendation The Town should initiate the process of creating and maintain detailed equipment logs for all federally funded equipment purchases and train relevant personnel on the proper procedures for equipment recordkeeping, emphasizing the importance of these logs in federal fund management. Views of Responsible Official Management agrees with the finding. Planned Corrective Action Management’s corrective action plan is included at the end of this report after the Schedule of Prior Year Findings.

Finding Number: 2023-004 Federal Agency: U.S. Department of Education Cluster/Program: Education Stabilization Fund AL Number(s): 84.425 Award Year: 2023 Compliance Requirement: Equipment/Real Property Management Type of Finding Compliance Internal Control over Compliance – Significant Deficiency Criteria or Specific Requirement According to federal regulations, recipients of federal funds under the Education Stabilization Fund are required to maintain accurate records and logs for equipment purchased with such funds. These logs should include detailed information about the acquisition, use, maintenance, and disposition of the equipment. Condition and Context Upon review, it was noted that equipment logs were not maintained for equipment purchased with funds from the Education Stabilization Fund. Cause The absence of equipment logs could be attributed to lack of awareness of federal requirements. Effect or Potential Effect Failure to keep equipment logs jeopardizes the Town’s accountability for federal assets and potentially could lead to misuse or misappropriation of federally funded equipment. Recommendation The Town should initiate the process of creating and maintain detailed equipment logs for all federally funded equipment purchases and train relevant personnel on the proper procedures for equipment recordkeeping, emphasizing the importance of these logs in federal fund management. Views of Responsible Official Management agrees with the finding. Planned Corrective Action Management’s corrective action plan is included at the end of this report after the Schedule of Prior Year Findings.

Finding Number: 2023-004 Federal Agency: U.S. Department of Education Cluster/Program: Education Stabilization Fund AL Number(s): 84.425 Award Year: 2023 Compliance Requirement: Equipment/Real Property Management Type of Finding Compliance Internal Control over Compliance – Significant Deficiency Criteria or Specific Requirement According to federal regulations, recipients of federal funds under the Education Stabilization Fund are required to maintain accurate records and logs for equipment purchased with such funds. These logs should include detailed information about the acquisition, use, maintenance, and disposition of the equipment. Condition and Context Upon review, it was noted that equipment logs were not maintained for equipment purchased with funds from the Education Stabilization Fund. Cause The absence of equipment logs could be attributed to lack of awareness of federal requirements. Effect or Potential Effect Failure to keep equipment logs jeopardizes the Town’s accountability for federal assets and potentially could lead to misuse or misappropriation of federally funded equipment. Recommendation The Town should initiate the process of creating and maintain detailed equipment logs for all federally funded equipment purchases and train relevant personnel on the proper procedures for equipment recordkeeping, emphasizing the importance of these logs in federal fund management. Views of Responsible Official Management agrees with the finding. Planned Corrective Action Management’s corrective action plan is included at the end of this report after the Schedule of Prior Year Findings.

Finding Number: 2023-004 Federal Agency: U.S. Department of Education Cluster/Program: Education Stabilization Fund AL Number(s): 84.425 Award Year: 2023 Compliance Requirement: Equipment/Real Property Management Type of Finding Compliance Internal Control over Compliance – Significant Deficiency Criteria or Specific Requirement According to federal regulations, recipients of federal funds under the Education Stabilization Fund are required to maintain accurate records and logs for equipment purchased with such funds. These logs should include detailed information about the acquisition, use, maintenance, and disposition of the equipment. Condition and Context Upon review, it was noted that equipment logs were not maintained for equipment purchased with funds from the Education Stabilization Fund. Cause The absence of equipment logs could be attributed to lack of awareness of federal requirements. Effect or Potential Effect Failure to keep equipment logs jeopardizes the Town’s accountability for federal assets and potentially could lead to misuse or misappropriation of federally funded equipment. Recommendation The Town should initiate the process of creating and maintain detailed equipment logs for all federally funded equipment purchases and train relevant personnel on the proper procedures for equipment recordkeeping, emphasizing the importance of these logs in federal fund management. Views of Responsible Official Management agrees with the finding. Planned Corrective Action Management’s corrective action plan is included at the end of this report after the Schedule of Prior Year Findings.

Finding Number: 2023-004 Federal Agency: U.S. Department of Education Cluster/Program: Education Stabilization Fund AL Number(s): 84.425 Award Year: 2023 Compliance Requirement: Equipment/Real Property Management Type of Finding Compliance Internal Control over Compliance – Significant Deficiency Criteria or Specific Requirement According to federal regulations, recipients of federal funds under the Education Stabilization Fund are required to maintain accurate records and logs for equipment purchased with such funds. These logs should include detailed information about the acquisition, use, maintenance, and disposition of the equipment. Condition and Context Upon review, it was noted that equipment logs were not maintained for equipment purchased with funds from the Education Stabilization Fund. Cause The absence of equipment logs could be attributed to lack of awareness of federal requirements. Effect or Potential Effect Failure to keep equipment logs jeopardizes the Town’s accountability for federal assets and potentially could lead to misuse or misappropriation of federally funded equipment. Recommendation The Town should initiate the process of creating and maintain detailed equipment logs for all federally funded equipment purchases and train relevant personnel on the proper procedures for equipment recordkeeping, emphasizing the importance of these logs in federal fund management. Views of Responsible Official Management agrees with the finding. Planned Corrective Action Management’s corrective action plan is included at the end of this report after the Schedule of Prior Year Findings.