FINDING 2022-001 ? Equipment and Real Property Management ? Significant Deficiency in Internal Controls and Instance of Non-Compliance "See Schedule of Findings and Questioned Costs for chart/table" Criteria: An institution must conduct a physical inventory of equipment and real property at least once every two years with results reconciled with the equipment records (2 CFR section 200.313(d)(2)). Condition/Context: In testing equipment and real property management, we requested from management support for their conduction of a physical inventory of equipment and real property acquired with federal funds. We noted management was unable to produce such records, as a physical inventory of federal equipment and real property had not been conducted within the required two-year period. Cause: There was a lapse in internal controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. Effect: The College did not timely conduct their physical inventory of equipment and real property acquired with federal funds within the two-year period. Repeat Finding: This is not a repeat finding. Recommendation: We recommend the College implement a policy to monitor the physical inventory of equipment and real property acquired with federal funds at least once during each two-year period. Views of responsible officials: Management agrees there was a lapse in controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. New and revised controls will be implemented to ensure a physical inventory of federally acquired equipment and real property is conducted within the required two-year period. These controls include performing this physical inventory at least annually to ensure the two-year requirement is met.
FINDING 2022-001 ? Equipment and Real Property Management ? Significant Deficiency in Internal Controls and Instance of Non-Compliance "See Schedule of Findings and Questioned Costs for chart/table" Criteria: An institution must conduct a physical inventory of equipment and real property at least once every two years with results reconciled with the equipment records (2 CFR section 200.313(d)(2)). Condition/Context: In testing equipment and real property management, we requested from management support for their conduction of a physical inventory of equipment and real property acquired with federal funds. We noted management was unable to produce such records, as a physical inventory of federal equipment and real property had not been conducted within the required two-year period. Cause: There was a lapse in internal controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. Effect: The College did not timely conduct their physical inventory of equipment and real property acquired with federal funds within the two-year period. Repeat Finding: This is not a repeat finding. Recommendation: We recommend the College implement a policy to monitor the physical inventory of equipment and real property acquired with federal funds at least once during each two-year period. Views of responsible officials: Management agrees there was a lapse in controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. New and revised controls will be implemented to ensure a physical inventory of federally acquired equipment and real property is conducted within the required two-year period. These controls include performing this physical inventory at least annually to ensure the two-year requirement is met.
FINDING 2022-001 ? Equipment and Real Property Management ? Significant Deficiency in Internal Controls and Instance of Non-Compliance "See Schedule of Findings and Questioned Costs for chart/table" Criteria: An institution must conduct a physical inventory of equipment and real property at least once every two years with results reconciled with the equipment records (2 CFR section 200.313(d)(2)). Condition/Context: In testing equipment and real property management, we requested from management support for their conduction of a physical inventory of equipment and real property acquired with federal funds. We noted management was unable to produce such records, as a physical inventory of federal equipment and real property had not been conducted within the required two-year period. Cause: There was a lapse in internal controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. Effect: The College did not timely conduct their physical inventory of equipment and real property acquired with federal funds within the two-year period. Repeat Finding: This is not a repeat finding. Recommendation: We recommend the College implement a policy to monitor the physical inventory of equipment and real property acquired with federal funds at least once during each two-year period. Views of responsible officials: Management agrees there was a lapse in controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. New and revised controls will be implemented to ensure a physical inventory of federally acquired equipment and real property is conducted within the required two-year period. These controls include performing this physical inventory at least annually to ensure the two-year requirement is met.
FINDING 2022-001 ? Equipment and Real Property Management ? Significant Deficiency in Internal Controls and Instance of Non-Compliance "See Schedule of Findings and Questioned Costs for chart/table" Criteria: An institution must conduct a physical inventory of equipment and real property at least once every two years with results reconciled with the equipment records (2 CFR section 200.313(d)(2)). Condition/Context: In testing equipment and real property management, we requested from management support for their conduction of a physical inventory of equipment and real property acquired with federal funds. We noted management was unable to produce such records, as a physical inventory of federal equipment and real property had not been conducted within the required two-year period. Cause: There was a lapse in internal controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. Effect: The College did not timely conduct their physical inventory of equipment and real property acquired with federal funds within the two-year period. Repeat Finding: This is not a repeat finding. Recommendation: We recommend the College implement a policy to monitor the physical inventory of equipment and real property acquired with federal funds at least once during each two-year period. Views of responsible officials: Management agrees there was a lapse in controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. New and revised controls will be implemented to ensure a physical inventory of federally acquired equipment and real property is conducted within the required two-year period. These controls include performing this physical inventory at least annually to ensure the two-year requirement is met.
FINDING 2022-001 ? Equipment and Real Property Management ? Significant Deficiency in Internal Controls and Instance of Non-Compliance "See Schedule of Findings and Questioned Costs for chart/table" Criteria: An institution must conduct a physical inventory of equipment and real property at least once every two years with results reconciled with the equipment records (2 CFR section 200.313(d)(2)). Condition/Context: In testing equipment and real property management, we requested from management support for their conduction of a physical inventory of equipment and real property acquired with federal funds. We noted management was unable to produce such records, as a physical inventory of federal equipment and real property had not been conducted within the required two-year period. Cause: There was a lapse in internal controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. Effect: The College did not timely conduct their physical inventory of equipment and real property acquired with federal funds within the two-year period. Repeat Finding: This is not a repeat finding. Recommendation: We recommend the College implement a policy to monitor the physical inventory of equipment and real property acquired with federal funds at least once during each two-year period. Views of responsible officials: Management agrees there was a lapse in controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. New and revised controls will be implemented to ensure a physical inventory of federally acquired equipment and real property is conducted within the required two-year period. These controls include performing this physical inventory at least annually to ensure the two-year requirement is met.
FINDING 2022-001 ? Equipment and Real Property Management ? Significant Deficiency in Internal Controls and Instance of Non-Compliance "See Schedule of Findings and Questioned Costs for chart/table" Criteria: An institution must conduct a physical inventory of equipment and real property at least once every two years with results reconciled with the equipment records (2 CFR section 200.313(d)(2)). Condition/Context: In testing equipment and real property management, we requested from management support for their conduction of a physical inventory of equipment and real property acquired with federal funds. We noted management was unable to produce such records, as a physical inventory of federal equipment and real property had not been conducted within the required two-year period. Cause: There was a lapse in internal controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. Effect: The College did not timely conduct their physical inventory of equipment and real property acquired with federal funds within the two-year period. Repeat Finding: This is not a repeat finding. Recommendation: We recommend the College implement a policy to monitor the physical inventory of equipment and real property acquired with federal funds at least once during each two-year period. Views of responsible officials: Management agrees there was a lapse in controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. New and revised controls will be implemented to ensure a physical inventory of federally acquired equipment and real property is conducted within the required two-year period. These controls include performing this physical inventory at least annually to ensure the two-year requirement is met.
FINDING 2022-001 ? Equipment and Real Property Management ? Significant Deficiency in Internal Controls and Instance of Non-Compliance "See Schedule of Findings and Questioned Costs for chart/table" Criteria: An institution must conduct a physical inventory of equipment and real property at least once every two years with results reconciled with the equipment records (2 CFR section 200.313(d)(2)). Condition/Context: In testing equipment and real property management, we requested from management support for their conduction of a physical inventory of equipment and real property acquired with federal funds. We noted management was unable to produce such records, as a physical inventory of federal equipment and real property had not been conducted within the required two-year period. Cause: There was a lapse in internal controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. Effect: The College did not timely conduct their physical inventory of equipment and real property acquired with federal funds within the two-year period. Repeat Finding: This is not a repeat finding. Recommendation: We recommend the College implement a policy to monitor the physical inventory of equipment and real property acquired with federal funds at least once during each two-year period. Views of responsible officials: Management agrees there was a lapse in controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. New and revised controls will be implemented to ensure a physical inventory of federally acquired equipment and real property is conducted within the required two-year period. These controls include performing this physical inventory at least annually to ensure the two-year requirement is met.
FINDING 2022-001 ? Equipment and Real Property Management ? Significant Deficiency in Internal Controls and Instance of Non-Compliance "See Schedule of Findings and Questioned Costs for chart/table" Criteria: An institution must conduct a physical inventory of equipment and real property at least once every two years with results reconciled with the equipment records (2 CFR section 200.313(d)(2)). Condition/Context: In testing equipment and real property management, we requested from management support for their conduction of a physical inventory of equipment and real property acquired with federal funds. We noted management was unable to produce such records, as a physical inventory of federal equipment and real property had not been conducted within the required two-year period. Cause: There was a lapse in internal controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. Effect: The College did not timely conduct their physical inventory of equipment and real property acquired with federal funds within the two-year period. Repeat Finding: This is not a repeat finding. Recommendation: We recommend the College implement a policy to monitor the physical inventory of equipment and real property acquired with federal funds at least once during each two-year period. Views of responsible officials: Management agrees there was a lapse in controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. New and revised controls will be implemented to ensure a physical inventory of federally acquired equipment and real property is conducted within the required two-year period. These controls include performing this physical inventory at least annually to ensure the two-year requirement is met.
FINDING 2022-001 ? Equipment and Real Property Management ? Significant Deficiency in Internal Controls and Instance of Non-Compliance "See Schedule of Findings and Questioned Costs for chart/table" Criteria: An institution must conduct a physical inventory of equipment and real property at least once every two years with results reconciled with the equipment records (2 CFR section 200.313(d)(2)). Condition/Context: In testing equipment and real property management, we requested from management support for their conduction of a physical inventory of equipment and real property acquired with federal funds. We noted management was unable to produce such records, as a physical inventory of federal equipment and real property had not been conducted within the required two-year period. Cause: There was a lapse in internal controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. Effect: The College did not timely conduct their physical inventory of equipment and real property acquired with federal funds within the two-year period. Repeat Finding: This is not a repeat finding. Recommendation: We recommend the College implement a policy to monitor the physical inventory of equipment and real property acquired with federal funds at least once during each two-year period. Views of responsible officials: Management agrees there was a lapse in controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. New and revised controls will be implemented to ensure a physical inventory of federally acquired equipment and real property is conducted within the required two-year period. These controls include performing this physical inventory at least annually to ensure the two-year requirement is met.
FINDING 2022-001 ? Equipment and Real Property Management ? Significant Deficiency in Internal Controls and Instance of Non-Compliance "See Schedule of Findings and Questioned Costs for chart/table" Criteria: An institution must conduct a physical inventory of equipment and real property at least once every two years with results reconciled with the equipment records (2 CFR section 200.313(d)(2)). Condition/Context: In testing equipment and real property management, we requested from management support for their conduction of a physical inventory of equipment and real property acquired with federal funds. We noted management was unable to produce such records, as a physical inventory of federal equipment and real property had not been conducted within the required two-year period. Cause: There was a lapse in internal controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. Effect: The College did not timely conduct their physical inventory of equipment and real property acquired with federal funds within the two-year period. Repeat Finding: This is not a repeat finding. Recommendation: We recommend the College implement a policy to monitor the physical inventory of equipment and real property acquired with federal funds at least once during each two-year period. Views of responsible officials: Management agrees there was a lapse in controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. New and revised controls will be implemented to ensure a physical inventory of federally acquired equipment and real property is conducted within the required two-year period. These controls include performing this physical inventory at least annually to ensure the two-year requirement is met.
FINDING 2022-001 ? Equipment and Real Property Management ? Significant Deficiency in Internal Controls and Instance of Non-Compliance "See Schedule of Findings and Questioned Costs for chart/table" Criteria: An institution must conduct a physical inventory of equipment and real property at least once every two years with results reconciled with the equipment records (2 CFR section 200.313(d)(2)). Condition/Context: In testing equipment and real property management, we requested from management support for their conduction of a physical inventory of equipment and real property acquired with federal funds. We noted management was unable to produce such records, as a physical inventory of federal equipment and real property had not been conducted within the required two-year period. Cause: There was a lapse in internal controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. Effect: The College did not timely conduct their physical inventory of equipment and real property acquired with federal funds within the two-year period. Repeat Finding: This is not a repeat finding. Recommendation: We recommend the College implement a policy to monitor the physical inventory of equipment and real property acquired with federal funds at least once during each two-year period. Views of responsible officials: Management agrees there was a lapse in controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. New and revised controls will be implemented to ensure a physical inventory of federally acquired equipment and real property is conducted within the required two-year period. These controls include performing this physical inventory at least annually to ensure the two-year requirement is met.
FINDING 2022-001 ? Equipment and Real Property Management ? Significant Deficiency in Internal Controls and Instance of Non-Compliance "See Schedule of Findings and Questioned Costs for chart/table" Criteria: An institution must conduct a physical inventory of equipment and real property at least once every two years with results reconciled with the equipment records (2 CFR section 200.313(d)(2)). Condition/Context: In testing equipment and real property management, we requested from management support for their conduction of a physical inventory of equipment and real property acquired with federal funds. We noted management was unable to produce such records, as a physical inventory of federal equipment and real property had not been conducted within the required two-year period. Cause: There was a lapse in internal controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. Effect: The College did not timely conduct their physical inventory of equipment and real property acquired with federal funds within the two-year period. Repeat Finding: This is not a repeat finding. Recommendation: We recommend the College implement a policy to monitor the physical inventory of equipment and real property acquired with federal funds at least once during each two-year period. Views of responsible officials: Management agrees there was a lapse in controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. New and revised controls will be implemented to ensure a physical inventory of federally acquired equipment and real property is conducted within the required two-year period. These controls include performing this physical inventory at least annually to ensure the two-year requirement is met.
FINDING 2022-001 ? Equipment and Real Property Management ? Significant Deficiency in Internal Controls and Instance of Non-Compliance "See Schedule of Findings and Questioned Costs for chart/table" Criteria: An institution must conduct a physical inventory of equipment and real property at least once every two years with results reconciled with the equipment records (2 CFR section 200.313(d)(2)). Condition/Context: In testing equipment and real property management, we requested from management support for their conduction of a physical inventory of equipment and real property acquired with federal funds. We noted management was unable to produce such records, as a physical inventory of federal equipment and real property had not been conducted within the required two-year period. Cause: There was a lapse in internal controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. Effect: The College did not timely conduct their physical inventory of equipment and real property acquired with federal funds within the two-year period. Repeat Finding: This is not a repeat finding. Recommendation: We recommend the College implement a policy to monitor the physical inventory of equipment and real property acquired with federal funds at least once during each two-year period. Views of responsible officials: Management agrees there was a lapse in controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. New and revised controls will be implemented to ensure a physical inventory of federally acquired equipment and real property is conducted within the required two-year period. These controls include performing this physical inventory at least annually to ensure the two-year requirement is met.
FINDING 2022-001 ? Equipment and Real Property Management ? Significant Deficiency in Internal Controls and Instance of Non-Compliance "See Schedule of Findings and Questioned Costs for chart/table" Criteria: An institution must conduct a physical inventory of equipment and real property at least once every two years with results reconciled with the equipment records (2 CFR section 200.313(d)(2)). Condition/Context: In testing equipment and real property management, we requested from management support for their conduction of a physical inventory of equipment and real property acquired with federal funds. We noted management was unable to produce such records, as a physical inventory of federal equipment and real property had not been conducted within the required two-year period. Cause: There was a lapse in internal controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. Effect: The College did not timely conduct their physical inventory of equipment and real property acquired with federal funds within the two-year period. Repeat Finding: This is not a repeat finding. Recommendation: We recommend the College implement a policy to monitor the physical inventory of equipment and real property acquired with federal funds at least once during each two-year period. Views of responsible officials: Management agrees there was a lapse in controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. New and revised controls will be implemented to ensure a physical inventory of federally acquired equipment and real property is conducted within the required two-year period. These controls include performing this physical inventory at least annually to ensure the two-year requirement is met.
FINDING 2022-001 ? Equipment and Real Property Management ? Significant Deficiency in Internal Controls and Instance of Non-Compliance "See Schedule of Findings and Questioned Costs for chart/table" Criteria: An institution must conduct a physical inventory of equipment and real property at least once every two years with results reconciled with the equipment records (2 CFR section 200.313(d)(2)). Condition/Context: In testing equipment and real property management, we requested from management support for their conduction of a physical inventory of equipment and real property acquired with federal funds. We noted management was unable to produce such records, as a physical inventory of federal equipment and real property had not been conducted within the required two-year period. Cause: There was a lapse in internal controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. Effect: The College did not timely conduct their physical inventory of equipment and real property acquired with federal funds within the two-year period. Repeat Finding: This is not a repeat finding. Recommendation: We recommend the College implement a policy to monitor the physical inventory of equipment and real property acquired with federal funds at least once during each two-year period. Views of responsible officials: Management agrees there was a lapse in controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. New and revised controls will be implemented to ensure a physical inventory of federally acquired equipment and real property is conducted within the required two-year period. These controls include performing this physical inventory at least annually to ensure the two-year requirement is met.
FINDING 2022-001 ? Equipment and Real Property Management ? Significant Deficiency in Internal Controls and Instance of Non-Compliance "See Schedule of Findings and Questioned Costs for chart/table" Criteria: An institution must conduct a physical inventory of equipment and real property at least once every two years with results reconciled with the equipment records (2 CFR section 200.313(d)(2)). Condition/Context: In testing equipment and real property management, we requested from management support for their conduction of a physical inventory of equipment and real property acquired with federal funds. We noted management was unable to produce such records, as a physical inventory of federal equipment and real property had not been conducted within the required two-year period. Cause: There was a lapse in internal controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. Effect: The College did not timely conduct their physical inventory of equipment and real property acquired with federal funds within the two-year period. Repeat Finding: This is not a repeat finding. Recommendation: We recommend the College implement a policy to monitor the physical inventory of equipment and real property acquired with federal funds at least once during each two-year period. Views of responsible officials: Management agrees there was a lapse in controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. New and revised controls will be implemented to ensure a physical inventory of federally acquired equipment and real property is conducted within the required two-year period. These controls include performing this physical inventory at least annually to ensure the two-year requirement is met.
FINDING 2022-001 ? Equipment and Real Property Management ? Significant Deficiency in Internal Controls and Instance of Non-Compliance "See Schedule of Findings and Questioned Costs for chart/table" Criteria: An institution must conduct a physical inventory of equipment and real property at least once every two years with results reconciled with the equipment records (2 CFR section 200.313(d)(2)). Condition/Context: In testing equipment and real property management, we requested from management support for their conduction of a physical inventory of equipment and real property acquired with federal funds. We noted management was unable to produce such records, as a physical inventory of federal equipment and real property had not been conducted within the required two-year period. Cause: There was a lapse in internal controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. Effect: The College did not timely conduct their physical inventory of equipment and real property acquired with federal funds within the two-year period. Repeat Finding: This is not a repeat finding. Recommendation: We recommend the College implement a policy to monitor the physical inventory of equipment and real property acquired with federal funds at least once during each two-year period. Views of responsible officials: Management agrees there was a lapse in controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. New and revised controls will be implemented to ensure a physical inventory of federally acquired equipment and real property is conducted within the required two-year period. These controls include performing this physical inventory at least annually to ensure the two-year requirement is met.
FINDING 2022-001 ? Equipment and Real Property Management ? Significant Deficiency in Internal Controls and Instance of Non-Compliance "See Schedule of Findings and Questioned Costs for chart/table" Criteria: An institution must conduct a physical inventory of equipment and real property at least once every two years with results reconciled with the equipment records (2 CFR section 200.313(d)(2)). Condition/Context: In testing equipment and real property management, we requested from management support for their conduction of a physical inventory of equipment and real property acquired with federal funds. We noted management was unable to produce such records, as a physical inventory of federal equipment and real property had not been conducted within the required two-year period. Cause: There was a lapse in internal controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. Effect: The College did not timely conduct their physical inventory of equipment and real property acquired with federal funds within the two-year period. Repeat Finding: This is not a repeat finding. Recommendation: We recommend the College implement a policy to monitor the physical inventory of equipment and real property acquired with federal funds at least once during each two-year period. Views of responsible officials: Management agrees there was a lapse in controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. New and revised controls will be implemented to ensure a physical inventory of federally acquired equipment and real property is conducted within the required two-year period. These controls include performing this physical inventory at least annually to ensure the two-year requirement is met.
FINDING 2022-001 ? Equipment and Real Property Management ? Significant Deficiency in Internal Controls and Instance of Non-Compliance "See Schedule of Findings and Questioned Costs for chart/table" Criteria: An institution must conduct a physical inventory of equipment and real property at least once every two years with results reconciled with the equipment records (2 CFR section 200.313(d)(2)). Condition/Context: In testing equipment and real property management, we requested from management support for their conduction of a physical inventory of equipment and real property acquired with federal funds. We noted management was unable to produce such records, as a physical inventory of federal equipment and real property had not been conducted within the required two-year period. Cause: There was a lapse in internal controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. Effect: The College did not timely conduct their physical inventory of equipment and real property acquired with federal funds within the two-year period. Repeat Finding: This is not a repeat finding. Recommendation: We recommend the College implement a policy to monitor the physical inventory of equipment and real property acquired with federal funds at least once during each two-year period. Views of responsible officials: Management agrees there was a lapse in controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. New and revised controls will be implemented to ensure a physical inventory of federally acquired equipment and real property is conducted within the required two-year period. These controls include performing this physical inventory at least annually to ensure the two-year requirement is met.
FINDING 2022-001 ? Equipment and Real Property Management ? Significant Deficiency in Internal Controls and Instance of Non-Compliance "See Schedule of Findings and Questioned Costs for chart/table" Criteria: An institution must conduct a physical inventory of equipment and real property at least once every two years with results reconciled with the equipment records (2 CFR section 200.313(d)(2)). Condition/Context: In testing equipment and real property management, we requested from management support for their conduction of a physical inventory of equipment and real property acquired with federal funds. We noted management was unable to produce such records, as a physical inventory of federal equipment and real property had not been conducted within the required two-year period. Cause: There was a lapse in internal controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. Effect: The College did not timely conduct their physical inventory of equipment and real property acquired with federal funds within the two-year period. Repeat Finding: This is not a repeat finding. Recommendation: We recommend the College implement a policy to monitor the physical inventory of equipment and real property acquired with federal funds at least once during each two-year period. Views of responsible officials: Management agrees there was a lapse in controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. New and revised controls will be implemented to ensure a physical inventory of federally acquired equipment and real property is conducted within the required two-year period. These controls include performing this physical inventory at least annually to ensure the two-year requirement is met.
FINDING 2022-001 ? Equipment and Real Property Management ? Significant Deficiency in Internal Controls and Instance of Non-Compliance "See Schedule of Findings and Questioned Costs for chart/table" Criteria: An institution must conduct a physical inventory of equipment and real property at least once every two years with results reconciled with the equipment records (2 CFR section 200.313(d)(2)). Condition/Context: In testing equipment and real property management, we requested from management support for their conduction of a physical inventory of equipment and real property acquired with federal funds. We noted management was unable to produce such records, as a physical inventory of federal equipment and real property had not been conducted within the required two-year period. Cause: There was a lapse in internal controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. Effect: The College did not timely conduct their physical inventory of equipment and real property acquired with federal funds within the two-year period. Repeat Finding: This is not a repeat finding. Recommendation: We recommend the College implement a policy to monitor the physical inventory of equipment and real property acquired with federal funds at least once during each two-year period. Views of responsible officials: Management agrees there was a lapse in controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. New and revised controls will be implemented to ensure a physical inventory of federally acquired equipment and real property is conducted within the required two-year period. These controls include performing this physical inventory at least annually to ensure the two-year requirement is met.
FINDING 2022-001 ? Equipment and Real Property Management ? Significant Deficiency in Internal Controls and Instance of Non-Compliance "See Schedule of Findings and Questioned Costs for chart/table" Criteria: An institution must conduct a physical inventory of equipment and real property at least once every two years with results reconciled with the equipment records (2 CFR section 200.313(d)(2)). Condition/Context: In testing equipment and real property management, we requested from management support for their conduction of a physical inventory of equipment and real property acquired with federal funds. We noted management was unable to produce such records, as a physical inventory of federal equipment and real property had not been conducted within the required two-year period. Cause: There was a lapse in internal controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. Effect: The College did not timely conduct their physical inventory of equipment and real property acquired with federal funds within the two-year period. Repeat Finding: This is not a repeat finding. Recommendation: We recommend the College implement a policy to monitor the physical inventory of equipment and real property acquired with federal funds at least once during each two-year period. Views of responsible officials: Management agrees there was a lapse in controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. New and revised controls will be implemented to ensure a physical inventory of federally acquired equipment and real property is conducted within the required two-year period. These controls include performing this physical inventory at least annually to ensure the two-year requirement is met.
FINDING 2022-001 ? Equipment and Real Property Management ? Significant Deficiency in Internal Controls and Instance of Non-Compliance "See Schedule of Findings and Questioned Costs for chart/table" Criteria: An institution must conduct a physical inventory of equipment and real property at least once every two years with results reconciled with the equipment records (2 CFR section 200.313(d)(2)). Condition/Context: In testing equipment and real property management, we requested from management support for their conduction of a physical inventory of equipment and real property acquired with federal funds. We noted management was unable to produce such records, as a physical inventory of federal equipment and real property had not been conducted within the required two-year period. Cause: There was a lapse in internal controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. Effect: The College did not timely conduct their physical inventory of equipment and real property acquired with federal funds within the two-year period. Repeat Finding: This is not a repeat finding. Recommendation: We recommend the College implement a policy to monitor the physical inventory of equipment and real property acquired with federal funds at least once during each two-year period. Views of responsible officials: Management agrees there was a lapse in controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. New and revised controls will be implemented to ensure a physical inventory of federally acquired equipment and real property is conducted within the required two-year period. These controls include performing this physical inventory at least annually to ensure the two-year requirement is met.
FINDING 2022-001 ? Equipment and Real Property Management ? Significant Deficiency in Internal Controls and Instance of Non-Compliance "See Schedule of Findings and Questioned Costs for chart/table" Criteria: An institution must conduct a physical inventory of equipment and real property at least once every two years with results reconciled with the equipment records (2 CFR section 200.313(d)(2)). Condition/Context: In testing equipment and real property management, we requested from management support for their conduction of a physical inventory of equipment and real property acquired with federal funds. We noted management was unable to produce such records, as a physical inventory of federal equipment and real property had not been conducted within the required two-year period. Cause: There was a lapse in internal controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. Effect: The College did not timely conduct their physical inventory of equipment and real property acquired with federal funds within the two-year period. Repeat Finding: This is not a repeat finding. Recommendation: We recommend the College implement a policy to monitor the physical inventory of equipment and real property acquired with federal funds at least once during each two-year period. Views of responsible officials: Management agrees there was a lapse in controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. New and revised controls will be implemented to ensure a physical inventory of federally acquired equipment and real property is conducted within the required two-year period. These controls include performing this physical inventory at least annually to ensure the two-year requirement is met.
FINDING 2022-001 ? Equipment and Real Property Management ? Significant Deficiency in Internal Controls and Instance of Non-Compliance "See Schedule of Findings and Questioned Costs for chart/table" Criteria: An institution must conduct a physical inventory of equipment and real property at least once every two years with results reconciled with the equipment records (2 CFR section 200.313(d)(2)). Condition/Context: In testing equipment and real property management, we requested from management support for their conduction of a physical inventory of equipment and real property acquired with federal funds. We noted management was unable to produce such records, as a physical inventory of federal equipment and real property had not been conducted within the required two-year period. Cause: There was a lapse in internal controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. Effect: The College did not timely conduct their physical inventory of equipment and real property acquired with federal funds within the two-year period. Repeat Finding: This is not a repeat finding. Recommendation: We recommend the College implement a policy to monitor the physical inventory of equipment and real property acquired with federal funds at least once during each two-year period. Views of responsible officials: Management agrees there was a lapse in controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. New and revised controls will be implemented to ensure a physical inventory of federally acquired equipment and real property is conducted within the required two-year period. These controls include performing this physical inventory at least annually to ensure the two-year requirement is met.
FINDING 2022-001 ? Equipment and Real Property Management ? Significant Deficiency in Internal Controls and Instance of Non-Compliance "See Schedule of Findings and Questioned Costs for chart/table" Criteria: An institution must conduct a physical inventory of equipment and real property at least once every two years with results reconciled with the equipment records (2 CFR section 200.313(d)(2)). Condition/Context: In testing equipment and real property management, we requested from management support for their conduction of a physical inventory of equipment and real property acquired with federal funds. We noted management was unable to produce such records, as a physical inventory of federal equipment and real property had not been conducted within the required two-year period. Cause: There was a lapse in internal controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. Effect: The College did not timely conduct their physical inventory of equipment and real property acquired with federal funds within the two-year period. Repeat Finding: This is not a repeat finding. Recommendation: We recommend the College implement a policy to monitor the physical inventory of equipment and real property acquired with federal funds at least once during each two-year period. Views of responsible officials: Management agrees there was a lapse in controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. New and revised controls will be implemented to ensure a physical inventory of federally acquired equipment and real property is conducted within the required two-year period. These controls include performing this physical inventory at least annually to ensure the two-year requirement is met.
FINDING 2022-001 ? Equipment and Real Property Management ? Significant Deficiency in Internal Controls and Instance of Non-Compliance "See Schedule of Findings and Questioned Costs for chart/table" Criteria: An institution must conduct a physical inventory of equipment and real property at least once every two years with results reconciled with the equipment records (2 CFR section 200.313(d)(2)). Condition/Context: In testing equipment and real property management, we requested from management support for their conduction of a physical inventory of equipment and real property acquired with federal funds. We noted management was unable to produce such records, as a physical inventory of federal equipment and real property had not been conducted within the required two-year period. Cause: There was a lapse in internal controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. Effect: The College did not timely conduct their physical inventory of equipment and real property acquired with federal funds within the two-year period. Repeat Finding: This is not a repeat finding. Recommendation: We recommend the College implement a policy to monitor the physical inventory of equipment and real property acquired with federal funds at least once during each two-year period. Views of responsible officials: Management agrees there was a lapse in controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. New and revised controls will be implemented to ensure a physical inventory of federally acquired equipment and real property is conducted within the required two-year period. These controls include performing this physical inventory at least annually to ensure the two-year requirement is met.
FINDING 2022-001 ? Equipment and Real Property Management ? Significant Deficiency in Internal Controls and Instance of Non-Compliance "See Schedule of Findings and Questioned Costs for chart/table" Criteria: An institution must conduct a physical inventory of equipment and real property at least once every two years with results reconciled with the equipment records (2 CFR section 200.313(d)(2)). Condition/Context: In testing equipment and real property management, we requested from management support for their conduction of a physical inventory of equipment and real property acquired with federal funds. We noted management was unable to produce such records, as a physical inventory of federal equipment and real property had not been conducted within the required two-year period. Cause: There was a lapse in internal controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. Effect: The College did not timely conduct their physical inventory of equipment and real property acquired with federal funds within the two-year period. Repeat Finding: This is not a repeat finding. Recommendation: We recommend the College implement a policy to monitor the physical inventory of equipment and real property acquired with federal funds at least once during each two-year period. Views of responsible officials: Management agrees there was a lapse in controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. New and revised controls will be implemented to ensure a physical inventory of federally acquired equipment and real property is conducted within the required two-year period. These controls include performing this physical inventory at least annually to ensure the two-year requirement is met.
FINDING 2022-001 ? Equipment and Real Property Management ? Significant Deficiency in Internal Controls and Instance of Non-Compliance "See Schedule of Findings and Questioned Costs for chart/table" Criteria: An institution must conduct a physical inventory of equipment and real property at least once every two years with results reconciled with the equipment records (2 CFR section 200.313(d)(2)). Condition/Context: In testing equipment and real property management, we requested from management support for their conduction of a physical inventory of equipment and real property acquired with federal funds. We noted management was unable to produce such records, as a physical inventory of federal equipment and real property had not been conducted within the required two-year period. Cause: There was a lapse in internal controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. Effect: The College did not timely conduct their physical inventory of equipment and real property acquired with federal funds within the two-year period. Repeat Finding: This is not a repeat finding. Recommendation: We recommend the College implement a policy to monitor the physical inventory of equipment and real property acquired with federal funds at least once during each two-year period. Views of responsible officials: Management agrees there was a lapse in controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. New and revised controls will be implemented to ensure a physical inventory of federally acquired equipment and real property is conducted within the required two-year period. These controls include performing this physical inventory at least annually to ensure the two-year requirement is met.
FINDING 2022-001 ? Equipment and Real Property Management ? Significant Deficiency in Internal Controls and Instance of Non-Compliance "See Schedule of Findings and Questioned Costs for chart/table" Criteria: An institution must conduct a physical inventory of equipment and real property at least once every two years with results reconciled with the equipment records (2 CFR section 200.313(d)(2)). Condition/Context: In testing equipment and real property management, we requested from management support for their conduction of a physical inventory of equipment and real property acquired with federal funds. We noted management was unable to produce such records, as a physical inventory of federal equipment and real property had not been conducted within the required two-year period. Cause: There was a lapse in internal controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. Effect: The College did not timely conduct their physical inventory of equipment and real property acquired with federal funds within the two-year period. Repeat Finding: This is not a repeat finding. Recommendation: We recommend the College implement a policy to monitor the physical inventory of equipment and real property acquired with federal funds at least once during each two-year period. Views of responsible officials: Management agrees there was a lapse in controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. New and revised controls will be implemented to ensure a physical inventory of federally acquired equipment and real property is conducted within the required two-year period. These controls include performing this physical inventory at least annually to ensure the two-year requirement is met.
FINDING 2022-001 ? Equipment and Real Property Management ? Significant Deficiency in Internal Controls and Instance of Non-Compliance "See Schedule of Findings and Questioned Costs for chart/table" Criteria: An institution must conduct a physical inventory of equipment and real property at least once every two years with results reconciled with the equipment records (2 CFR section 200.313(d)(2)). Condition/Context: In testing equipment and real property management, we requested from management support for their conduction of a physical inventory of equipment and real property acquired with federal funds. We noted management was unable to produce such records, as a physical inventory of federal equipment and real property had not been conducted within the required two-year period. Cause: There was a lapse in internal controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. Effect: The College did not timely conduct their physical inventory of equipment and real property acquired with federal funds within the two-year period. Repeat Finding: This is not a repeat finding. Recommendation: We recommend the College implement a policy to monitor the physical inventory of equipment and real property acquired with federal funds at least once during each two-year period. Views of responsible officials: Management agrees there was a lapse in controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. New and revised controls will be implemented to ensure a physical inventory of federally acquired equipment and real property is conducted within the required two-year period. These controls include performing this physical inventory at least annually to ensure the two-year requirement is met.
FINDING 2022-001 ? Equipment and Real Property Management ? Significant Deficiency in Internal Controls and Instance of Non-Compliance "See Schedule of Findings and Questioned Costs for chart/table" Criteria: An institution must conduct a physical inventory of equipment and real property at least once every two years with results reconciled with the equipment records (2 CFR section 200.313(d)(2)). Condition/Context: In testing equipment and real property management, we requested from management support for their conduction of a physical inventory of equipment and real property acquired with federal funds. We noted management was unable to produce such records, as a physical inventory of federal equipment and real property had not been conducted within the required two-year period. Cause: There was a lapse in internal controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. Effect: The College did not timely conduct their physical inventory of equipment and real property acquired with federal funds within the two-year period. Repeat Finding: This is not a repeat finding. Recommendation: We recommend the College implement a policy to monitor the physical inventory of equipment and real property acquired with federal funds at least once during each two-year period. Views of responsible officials: Management agrees there was a lapse in controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. New and revised controls will be implemented to ensure a physical inventory of federally acquired equipment and real property is conducted within the required two-year period. These controls include performing this physical inventory at least annually to ensure the two-year requirement is met.
FINDING 2022-001 ? Equipment and Real Property Management ? Significant Deficiency in Internal Controls and Instance of Non-Compliance "See Schedule of Findings and Questioned Costs for chart/table" Criteria: An institution must conduct a physical inventory of equipment and real property at least once every two years with results reconciled with the equipment records (2 CFR section 200.313(d)(2)). Condition/Context: In testing equipment and real property management, we requested from management support for their conduction of a physical inventory of equipment and real property acquired with federal funds. We noted management was unable to produce such records, as a physical inventory of federal equipment and real property had not been conducted within the required two-year period. Cause: There was a lapse in internal controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. Effect: The College did not timely conduct their physical inventory of equipment and real property acquired with federal funds within the two-year period. Repeat Finding: This is not a repeat finding. Recommendation: We recommend the College implement a policy to monitor the physical inventory of equipment and real property acquired with federal funds at least once during each two-year period. Views of responsible officials: Management agrees there was a lapse in controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. New and revised controls will be implemented to ensure a physical inventory of federally acquired equipment and real property is conducted within the required two-year period. These controls include performing this physical inventory at least annually to ensure the two-year requirement is met.
FINDING 2022-001 ? Equipment and Real Property Management ? Significant Deficiency in Internal Controls and Instance of Non-Compliance "See Schedule of Findings and Questioned Costs for chart/table" Criteria: An institution must conduct a physical inventory of equipment and real property at least once every two years with results reconciled with the equipment records (2 CFR section 200.313(d)(2)). Condition/Context: In testing equipment and real property management, we requested from management support for their conduction of a physical inventory of equipment and real property acquired with federal funds. We noted management was unable to produce such records, as a physical inventory of federal equipment and real property had not been conducted within the required two-year period. Cause: There was a lapse in internal controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. Effect: The College did not timely conduct their physical inventory of equipment and real property acquired with federal funds within the two-year period. Repeat Finding: This is not a repeat finding. Recommendation: We recommend the College implement a policy to monitor the physical inventory of equipment and real property acquired with federal funds at least once during each two-year period. Views of responsible officials: Management agrees there was a lapse in controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. New and revised controls will be implemented to ensure a physical inventory of federally acquired equipment and real property is conducted within the required two-year period. These controls include performing this physical inventory at least annually to ensure the two-year requirement is met.
FINDING 2022-001 ? Equipment and Real Property Management ? Significant Deficiency in Internal Controls and Instance of Non-Compliance "See Schedule of Findings and Questioned Costs for chart/table" Criteria: An institution must conduct a physical inventory of equipment and real property at least once every two years with results reconciled with the equipment records (2 CFR section 200.313(d)(2)). Condition/Context: In testing equipment and real property management, we requested from management support for their conduction of a physical inventory of equipment and real property acquired with federal funds. We noted management was unable to produce such records, as a physical inventory of federal equipment and real property had not been conducted within the required two-year period. Cause: There was a lapse in internal controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. Effect: The College did not timely conduct their physical inventory of equipment and real property acquired with federal funds within the two-year period. Repeat Finding: This is not a repeat finding. Recommendation: We recommend the College implement a policy to monitor the physical inventory of equipment and real property acquired with federal funds at least once during each two-year period. Views of responsible officials: Management agrees there was a lapse in controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. New and revised controls will be implemented to ensure a physical inventory of federally acquired equipment and real property is conducted within the required two-year period. These controls include performing this physical inventory at least annually to ensure the two-year requirement is met.
FINDING 2022-001 ? Equipment and Real Property Management ? Significant Deficiency in Internal Controls and Instance of Non-Compliance "See Schedule of Findings and Questioned Costs for chart/table" Criteria: An institution must conduct a physical inventory of equipment and real property at least once every two years with results reconciled with the equipment records (2 CFR section 200.313(d)(2)). Condition/Context: In testing equipment and real property management, we requested from management support for their conduction of a physical inventory of equipment and real property acquired with federal funds. We noted management was unable to produce such records, as a physical inventory of federal equipment and real property had not been conducted within the required two-year period. Cause: There was a lapse in internal controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. Effect: The College did not timely conduct their physical inventory of equipment and real property acquired with federal funds within the two-year period. Repeat Finding: This is not a repeat finding. Recommendation: We recommend the College implement a policy to monitor the physical inventory of equipment and real property acquired with federal funds at least once during each two-year period. Views of responsible officials: Management agrees there was a lapse in controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. New and revised controls will be implemented to ensure a physical inventory of federally acquired equipment and real property is conducted within the required two-year period. These controls include performing this physical inventory at least annually to ensure the two-year requirement is met.
FINDING 2022-001 ? Equipment and Real Property Management ? Significant Deficiency in Internal Controls and Instance of Non-Compliance "See Schedule of Findings and Questioned Costs for chart/table" Criteria: An institution must conduct a physical inventory of equipment and real property at least once every two years with results reconciled with the equipment records (2 CFR section 200.313(d)(2)). Condition/Context: In testing equipment and real property management, we requested from management support for their conduction of a physical inventory of equipment and real property acquired with federal funds. We noted management was unable to produce such records, as a physical inventory of federal equipment and real property had not been conducted within the required two-year period. Cause: There was a lapse in internal controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. Effect: The College did not timely conduct their physical inventory of equipment and real property acquired with federal funds within the two-year period. Repeat Finding: This is not a repeat finding. Recommendation: We recommend the College implement a policy to monitor the physical inventory of equipment and real property acquired with federal funds at least once during each two-year period. Views of responsible officials: Management agrees there was a lapse in controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. New and revised controls will be implemented to ensure a physical inventory of federally acquired equipment and real property is conducted within the required two-year period. These controls include performing this physical inventory at least annually to ensure the two-year requirement is met.
FINDING 2022-001 ? Equipment and Real Property Management ? Significant Deficiency in Internal Controls and Instance of Non-Compliance "See Schedule of Findings and Questioned Costs for chart/table" Criteria: An institution must conduct a physical inventory of equipment and real property at least once every two years with results reconciled with the equipment records (2 CFR section 200.313(d)(2)). Condition/Context: In testing equipment and real property management, we requested from management support for their conduction of a physical inventory of equipment and real property acquired with federal funds. We noted management was unable to produce such records, as a physical inventory of federal equipment and real property had not been conducted within the required two-year period. Cause: There was a lapse in internal controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. Effect: The College did not timely conduct their physical inventory of equipment and real property acquired with federal funds within the two-year period. Repeat Finding: This is not a repeat finding. Recommendation: We recommend the College implement a policy to monitor the physical inventory of equipment and real property acquired with federal funds at least once during each two-year period. Views of responsible officials: Management agrees there was a lapse in controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. New and revised controls will be implemented to ensure a physical inventory of federally acquired equipment and real property is conducted within the required two-year period. These controls include performing this physical inventory at least annually to ensure the two-year requirement is met.
FINDING 2022-001 ? Equipment and Real Property Management ? Significant Deficiency in Internal Controls and Instance of Non-Compliance "See Schedule of Findings and Questioned Costs for chart/table" Criteria: An institution must conduct a physical inventory of equipment and real property at least once every two years with results reconciled with the equipment records (2 CFR section 200.313(d)(2)). Condition/Context: In testing equipment and real property management, we requested from management support for their conduction of a physical inventory of equipment and real property acquired with federal funds. We noted management was unable to produce such records, as a physical inventory of federal equipment and real property had not been conducted within the required two-year period. Cause: There was a lapse in internal controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. Effect: The College did not timely conduct their physical inventory of equipment and real property acquired with federal funds within the two-year period. Repeat Finding: This is not a repeat finding. Recommendation: We recommend the College implement a policy to monitor the physical inventory of equipment and real property acquired with federal funds at least once during each two-year period. Views of responsible officials: Management agrees there was a lapse in controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. New and revised controls will be implemented to ensure a physical inventory of federally acquired equipment and real property is conducted within the required two-year period. These controls include performing this physical inventory at least annually to ensure the two-year requirement is met.
FINDING 2022-001 ? Equipment and Real Property Management ? Significant Deficiency in Internal Controls and Instance of Non-Compliance "See Schedule of Findings and Questioned Costs for chart/table" Criteria: An institution must conduct a physical inventory of equipment and real property at least once every two years with results reconciled with the equipment records (2 CFR section 200.313(d)(2)). Condition/Context: In testing equipment and real property management, we requested from management support for their conduction of a physical inventory of equipment and real property acquired with federal funds. We noted management was unable to produce such records, as a physical inventory of federal equipment and real property had not been conducted within the required two-year period. Cause: There was a lapse in internal controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. Effect: The College did not timely conduct their physical inventory of equipment and real property acquired with federal funds within the two-year period. Repeat Finding: This is not a repeat finding. Recommendation: We recommend the College implement a policy to monitor the physical inventory of equipment and real property acquired with federal funds at least once during each two-year period. Views of responsible officials: Management agrees there was a lapse in controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. New and revised controls will be implemented to ensure a physical inventory of federally acquired equipment and real property is conducted within the required two-year period. These controls include performing this physical inventory at least annually to ensure the two-year requirement is met.
FINDING 2022-001 ? Equipment and Real Property Management ? Significant Deficiency in Internal Controls and Instance of Non-Compliance "See Schedule of Findings and Questioned Costs for chart/table" Criteria: An institution must conduct a physical inventory of equipment and real property at least once every two years with results reconciled with the equipment records (2 CFR section 200.313(d)(2)). Condition/Context: In testing equipment and real property management, we requested from management support for their conduction of a physical inventory of equipment and real property acquired with federal funds. We noted management was unable to produce such records, as a physical inventory of federal equipment and real property had not been conducted within the required two-year period. Cause: There was a lapse in internal controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. Effect: The College did not timely conduct their physical inventory of equipment and real property acquired with federal funds within the two-year period. Repeat Finding: This is not a repeat finding. Recommendation: We recommend the College implement a policy to monitor the physical inventory of equipment and real property acquired with federal funds at least once during each two-year period. Views of responsible officials: Management agrees there was a lapse in controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. New and revised controls will be implemented to ensure a physical inventory of federally acquired equipment and real property is conducted within the required two-year period. These controls include performing this physical inventory at least annually to ensure the two-year requirement is met.
FINDING 2022-001 ? Equipment and Real Property Management ? Significant Deficiency in Internal Controls and Instance of Non-Compliance "See Schedule of Findings and Questioned Costs for chart/table" Criteria: An institution must conduct a physical inventory of equipment and real property at least once every two years with results reconciled with the equipment records (2 CFR section 200.313(d)(2)). Condition/Context: In testing equipment and real property management, we requested from management support for their conduction of a physical inventory of equipment and real property acquired with federal funds. We noted management was unable to produce such records, as a physical inventory of federal equipment and real property had not been conducted within the required two-year period. Cause: There was a lapse in internal controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. Effect: The College did not timely conduct their physical inventory of equipment and real property acquired with federal funds within the two-year period. Repeat Finding: This is not a repeat finding. Recommendation: We recommend the College implement a policy to monitor the physical inventory of equipment and real property acquired with federal funds at least once during each two-year period. Views of responsible officials: Management agrees there was a lapse in controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. New and revised controls will be implemented to ensure a physical inventory of federally acquired equipment and real property is conducted within the required two-year period. These controls include performing this physical inventory at least annually to ensure the two-year requirement is met.
FINDING 2022-001 ? Equipment and Real Property Management ? Significant Deficiency in Internal Controls and Instance of Non-Compliance "See Schedule of Findings and Questioned Costs for chart/table" Criteria: An institution must conduct a physical inventory of equipment and real property at least once every two years with results reconciled with the equipment records (2 CFR section 200.313(d)(2)). Condition/Context: In testing equipment and real property management, we requested from management support for their conduction of a physical inventory of equipment and real property acquired with federal funds. We noted management was unable to produce such records, as a physical inventory of federal equipment and real property had not been conducted within the required two-year period. Cause: There was a lapse in internal controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. Effect: The College did not timely conduct their physical inventory of equipment and real property acquired with federal funds within the two-year period. Repeat Finding: This is not a repeat finding. Recommendation: We recommend the College implement a policy to monitor the physical inventory of equipment and real property acquired with federal funds at least once during each two-year period. Views of responsible officials: Management agrees there was a lapse in controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. New and revised controls will be implemented to ensure a physical inventory of federally acquired equipment and real property is conducted within the required two-year period. These controls include performing this physical inventory at least annually to ensure the two-year requirement is met.
FINDING 2022-001 ? Equipment and Real Property Management ? Significant Deficiency in Internal Controls and Instance of Non-Compliance "See Schedule of Findings and Questioned Costs for chart/table" Criteria: An institution must conduct a physical inventory of equipment and real property at least once every two years with results reconciled with the equipment records (2 CFR section 200.313(d)(2)). Condition/Context: In testing equipment and real property management, we requested from management support for their conduction of a physical inventory of equipment and real property acquired with federal funds. We noted management was unable to produce such records, as a physical inventory of federal equipment and real property had not been conducted within the required two-year period. Cause: There was a lapse in internal controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. Effect: The College did not timely conduct their physical inventory of equipment and real property acquired with federal funds within the two-year period. Repeat Finding: This is not a repeat finding. Recommendation: We recommend the College implement a policy to monitor the physical inventory of equipment and real property acquired with federal funds at least once during each two-year period. Views of responsible officials: Management agrees there was a lapse in controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. New and revised controls will be implemented to ensure a physical inventory of federally acquired equipment and real property is conducted within the required two-year period. These controls include performing this physical inventory at least annually to ensure the two-year requirement is met.
FINDING 2022-001 ? Equipment and Real Property Management ? Significant Deficiency in Internal Controls and Instance of Non-Compliance "See Schedule of Findings and Questioned Costs for chart/table" Criteria: An institution must conduct a physical inventory of equipment and real property at least once every two years with results reconciled with the equipment records (2 CFR section 200.313(d)(2)). Condition/Context: In testing equipment and real property management, we requested from management support for their conduction of a physical inventory of equipment and real property acquired with federal funds. We noted management was unable to produce such records, as a physical inventory of federal equipment and real property had not been conducted within the required two-year period. Cause: There was a lapse in internal controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. Effect: The College did not timely conduct their physical inventory of equipment and real property acquired with federal funds within the two-year period. Repeat Finding: This is not a repeat finding. Recommendation: We recommend the College implement a policy to monitor the physical inventory of equipment and real property acquired with federal funds at least once during each two-year period. Views of responsible officials: Management agrees there was a lapse in controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. New and revised controls will be implemented to ensure a physical inventory of federally acquired equipment and real property is conducted within the required two-year period. These controls include performing this physical inventory at least annually to ensure the two-year requirement is met.
FINDING 2022-001 ? Equipment and Real Property Management ? Significant Deficiency in Internal Controls and Instance of Non-Compliance "See Schedule of Findings and Questioned Costs for chart/table" Criteria: An institution must conduct a physical inventory of equipment and real property at least once every two years with results reconciled with the equipment records (2 CFR section 200.313(d)(2)). Condition/Context: In testing equipment and real property management, we requested from management support for their conduction of a physical inventory of equipment and real property acquired with federal funds. We noted management was unable to produce such records, as a physical inventory of federal equipment and real property had not been conducted within the required two-year period. Cause: There was a lapse in internal controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. Effect: The College did not timely conduct their physical inventory of equipment and real property acquired with federal funds within the two-year period. Repeat Finding: This is not a repeat finding. Recommendation: We recommend the College implement a policy to monitor the physical inventory of equipment and real property acquired with federal funds at least once during each two-year period. Views of responsible officials: Management agrees there was a lapse in controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. New and revised controls will be implemented to ensure a physical inventory of federally acquired equipment and real property is conducted within the required two-year period. These controls include performing this physical inventory at least annually to ensure the two-year requirement is met.
FINDING 2022-001 ? Equipment and Real Property Management ? Significant Deficiency in Internal Controls and Instance of Non-Compliance "See Schedule of Findings and Questioned Costs for chart/table" Criteria: An institution must conduct a physical inventory of equipment and real property at least once every two years with results reconciled with the equipment records (2 CFR section 200.313(d)(2)). Condition/Context: In testing equipment and real property management, we requested from management support for their conduction of a physical inventory of equipment and real property acquired with federal funds. We noted management was unable to produce such records, as a physical inventory of federal equipment and real property had not been conducted within the required two-year period. Cause: There was a lapse in internal controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. Effect: The College did not timely conduct their physical inventory of equipment and real property acquired with federal funds within the two-year period. Repeat Finding: This is not a repeat finding. Recommendation: We recommend the College implement a policy to monitor the physical inventory of equipment and real property acquired with federal funds at least once during each two-year period. Views of responsible officials: Management agrees there was a lapse in controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. New and revised controls will be implemented to ensure a physical inventory of federally acquired equipment and real property is conducted within the required two-year period. These controls include performing this physical inventory at least annually to ensure the two-year requirement is met.
FINDING 2022-001 ? Equipment and Real Property Management ? Significant Deficiency in Internal Controls and Instance of Non-Compliance "See Schedule of Findings and Questioned Costs for chart/table" Criteria: An institution must conduct a physical inventory of equipment and real property at least once every two years with results reconciled with the equipment records (2 CFR section 200.313(d)(2)). Condition/Context: In testing equipment and real property management, we requested from management support for their conduction of a physical inventory of equipment and real property acquired with federal funds. We noted management was unable to produce such records, as a physical inventory of federal equipment and real property had not been conducted within the required two-year period. Cause: There was a lapse in internal controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. Effect: The College did not timely conduct their physical inventory of equipment and real property acquired with federal funds within the two-year period. Repeat Finding: This is not a repeat finding. Recommendation: We recommend the College implement a policy to monitor the physical inventory of equipment and real property acquired with federal funds at least once during each two-year period. Views of responsible officials: Management agrees there was a lapse in controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. New and revised controls will be implemented to ensure a physical inventory of federally acquired equipment and real property is conducted within the required two-year period. These controls include performing this physical inventory at least annually to ensure the two-year requirement is met.
FINDING 2022-001 ? Equipment and Real Property Management ? Significant Deficiency in Internal Controls and Instance of Non-Compliance "See Schedule of Findings and Questioned Costs for chart/table" Criteria: An institution must conduct a physical inventory of equipment and real property at least once every two years with results reconciled with the equipment records (2 CFR section 200.313(d)(2)). Condition/Context: In testing equipment and real property management, we requested from management support for their conduction of a physical inventory of equipment and real property acquired with federal funds. We noted management was unable to produce such records, as a physical inventory of federal equipment and real property had not been conducted within the required two-year period. Cause: There was a lapse in internal controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. Effect: The College did not timely conduct their physical inventory of equipment and real property acquired with federal funds within the two-year period. Repeat Finding: This is not a repeat finding. Recommendation: We recommend the College implement a policy to monitor the physical inventory of equipment and real property acquired with federal funds at least once during each two-year period. Views of responsible officials: Management agrees there was a lapse in controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. New and revised controls will be implemented to ensure a physical inventory of federally acquired equipment and real property is conducted within the required two-year period. These controls include performing this physical inventory at least annually to ensure the two-year requirement is met.
FINDING 2022-001 ? Equipment and Real Property Management ? Significant Deficiency in Internal Controls and Instance of Non-Compliance "See Schedule of Findings and Questioned Costs for chart/table" Criteria: An institution must conduct a physical inventory of equipment and real property at least once every two years with results reconciled with the equipment records (2 CFR section 200.313(d)(2)). Condition/Context: In testing equipment and real property management, we requested from management support for their conduction of a physical inventory of equipment and real property acquired with federal funds. We noted management was unable to produce such records, as a physical inventory of federal equipment and real property had not been conducted within the required two-year period. Cause: There was a lapse in internal controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. Effect: The College did not timely conduct their physical inventory of equipment and real property acquired with federal funds within the two-year period. Repeat Finding: This is not a repeat finding. Recommendation: We recommend the College implement a policy to monitor the physical inventory of equipment and real property acquired with federal funds at least once during each two-year period. Views of responsible officials: Management agrees there was a lapse in controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. New and revised controls will be implemented to ensure a physical inventory of federally acquired equipment and real property is conducted within the required two-year period. These controls include performing this physical inventory at least annually to ensure the two-year requirement is met.
FINDING 2022-001 ? Equipment and Real Property Management ? Significant Deficiency in Internal Controls and Instance of Non-Compliance "See Schedule of Findings and Questioned Costs for chart/table" Criteria: An institution must conduct a physical inventory of equipment and real property at least once every two years with results reconciled with the equipment records (2 CFR section 200.313(d)(2)). Condition/Context: In testing equipment and real property management, we requested from management support for their conduction of a physical inventory of equipment and real property acquired with federal funds. We noted management was unable to produce such records, as a physical inventory of federal equipment and real property had not been conducted within the required two-year period. Cause: There was a lapse in internal controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. Effect: The College did not timely conduct their physical inventory of equipment and real property acquired with federal funds within the two-year period. Repeat Finding: This is not a repeat finding. Recommendation: We recommend the College implement a policy to monitor the physical inventory of equipment and real property acquired with federal funds at least once during each two-year period. Views of responsible officials: Management agrees there was a lapse in controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. New and revised controls will be implemented to ensure a physical inventory of federally acquired equipment and real property is conducted within the required two-year period. These controls include performing this physical inventory at least annually to ensure the two-year requirement is met.
FINDING 2022-001 ? Equipment and Real Property Management ? Significant Deficiency in Internal Controls and Instance of Non-Compliance "See Schedule of Findings and Questioned Costs for chart/table" Criteria: An institution must conduct a physical inventory of equipment and real property at least once every two years with results reconciled with the equipment records (2 CFR section 200.313(d)(2)). Condition/Context: In testing equipment and real property management, we requested from management support for their conduction of a physical inventory of equipment and real property acquired with federal funds. We noted management was unable to produce such records, as a physical inventory of federal equipment and real property had not been conducted within the required two-year period. Cause: There was a lapse in internal controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. Effect: The College did not timely conduct their physical inventory of equipment and real property acquired with federal funds within the two-year period. Repeat Finding: This is not a repeat finding. Recommendation: We recommend the College implement a policy to monitor the physical inventory of equipment and real property acquired with federal funds at least once during each two-year period. Views of responsible officials: Management agrees there was a lapse in controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. New and revised controls will be implemented to ensure a physical inventory of federally acquired equipment and real property is conducted within the required two-year period. These controls include performing this physical inventory at least annually to ensure the two-year requirement is met.
FINDING 2022-001 ? Equipment and Real Property Management ? Significant Deficiency in Internal Controls and Instance of Non-Compliance "See Schedule of Findings and Questioned Costs for chart/table" Criteria: An institution must conduct a physical inventory of equipment and real property at least once every two years with results reconciled with the equipment records (2 CFR section 200.313(d)(2)). Condition/Context: In testing equipment and real property management, we requested from management support for their conduction of a physical inventory of equipment and real property acquired with federal funds. We noted management was unable to produce such records, as a physical inventory of federal equipment and real property had not been conducted within the required two-year period. Cause: There was a lapse in internal controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. Effect: The College did not timely conduct their physical inventory of equipment and real property acquired with federal funds within the two-year period. Repeat Finding: This is not a repeat finding. Recommendation: We recommend the College implement a policy to monitor the physical inventory of equipment and real property acquired with federal funds at least once during each two-year period. Views of responsible officials: Management agrees there was a lapse in controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. New and revised controls will be implemented to ensure a physical inventory of federally acquired equipment and real property is conducted within the required two-year period. These controls include performing this physical inventory at least annually to ensure the two-year requirement is met.
FINDING 2022-001 ? Equipment and Real Property Management ? Significant Deficiency in Internal Controls and Instance of Non-Compliance "See Schedule of Findings and Questioned Costs for chart/table" Criteria: An institution must conduct a physical inventory of equipment and real property at least once every two years with results reconciled with the equipment records (2 CFR section 200.313(d)(2)). Condition/Context: In testing equipment and real property management, we requested from management support for their conduction of a physical inventory of equipment and real property acquired with federal funds. We noted management was unable to produce such records, as a physical inventory of federal equipment and real property had not been conducted within the required two-year period. Cause: There was a lapse in internal controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. Effect: The College did not timely conduct their physical inventory of equipment and real property acquired with federal funds within the two-year period. Repeat Finding: This is not a repeat finding. Recommendation: We recommend the College implement a policy to monitor the physical inventory of equipment and real property acquired with federal funds at least once during each two-year period. Views of responsible officials: Management agrees there was a lapse in controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. New and revised controls will be implemented to ensure a physical inventory of federally acquired equipment and real property is conducted within the required two-year period. These controls include performing this physical inventory at least annually to ensure the two-year requirement is met.
FINDING 2022-001 ? Equipment and Real Property Management ? Significant Deficiency in Internal Controls and Instance of Non-Compliance "See Schedule of Findings and Questioned Costs for chart/table" Criteria: An institution must conduct a physical inventory of equipment and real property at least once every two years with results reconciled with the equipment records (2 CFR section 200.313(d)(2)). Condition/Context: In testing equipment and real property management, we requested from management support for their conduction of a physical inventory of equipment and real property acquired with federal funds. We noted management was unable to produce such records, as a physical inventory of federal equipment and real property had not been conducted within the required two-year period. Cause: There was a lapse in internal controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. Effect: The College did not timely conduct their physical inventory of equipment and real property acquired with federal funds within the two-year period. Repeat Finding: This is not a repeat finding. Recommendation: We recommend the College implement a policy to monitor the physical inventory of equipment and real property acquired with federal funds at least once during each two-year period. Views of responsible officials: Management agrees there was a lapse in controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. New and revised controls will be implemented to ensure a physical inventory of federally acquired equipment and real property is conducted within the required two-year period. These controls include performing this physical inventory at least annually to ensure the two-year requirement is met.
FINDING 2022-001 ? Equipment and Real Property Management ? Significant Deficiency in Internal Controls and Instance of Non-Compliance "See Schedule of Findings and Questioned Costs for chart/table" Criteria: An institution must conduct a physical inventory of equipment and real property at least once every two years with results reconciled with the equipment records (2 CFR section 200.313(d)(2)). Condition/Context: In testing equipment and real property management, we requested from management support for their conduction of a physical inventory of equipment and real property acquired with federal funds. We noted management was unable to produce such records, as a physical inventory of federal equipment and real property had not been conducted within the required two-year period. Cause: There was a lapse in internal controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. Effect: The College did not timely conduct their physical inventory of equipment and real property acquired with federal funds within the two-year period. Repeat Finding: This is not a repeat finding. Recommendation: We recommend the College implement a policy to monitor the physical inventory of equipment and real property acquired with federal funds at least once during each two-year period. Views of responsible officials: Management agrees there was a lapse in controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. New and revised controls will be implemented to ensure a physical inventory of federally acquired equipment and real property is conducted within the required two-year period. These controls include performing this physical inventory at least annually to ensure the two-year requirement is met.
FINDING 2022-001 ? Equipment and Real Property Management ? Significant Deficiency in Internal Controls and Instance of Non-Compliance "See Schedule of Findings and Questioned Costs for chart/table" Criteria: An institution must conduct a physical inventory of equipment and real property at least once every two years with results reconciled with the equipment records (2 CFR section 200.313(d)(2)). Condition/Context: In testing equipment and real property management, we requested from management support for their conduction of a physical inventory of equipment and real property acquired with federal funds. We noted management was unable to produce such records, as a physical inventory of federal equipment and real property had not been conducted within the required two-year period. Cause: There was a lapse in internal controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. Effect: The College did not timely conduct their physical inventory of equipment and real property acquired with federal funds within the two-year period. Repeat Finding: This is not a repeat finding. Recommendation: We recommend the College implement a policy to monitor the physical inventory of equipment and real property acquired with federal funds at least once during each two-year period. Views of responsible officials: Management agrees there was a lapse in controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. New and revised controls will be implemented to ensure a physical inventory of federally acquired equipment and real property is conducted within the required two-year period. These controls include performing this physical inventory at least annually to ensure the two-year requirement is met.
FINDING 2022-001 ? Equipment and Real Property Management ? Significant Deficiency in Internal Controls and Instance of Non-Compliance "See Schedule of Findings and Questioned Costs for chart/table" Criteria: An institution must conduct a physical inventory of equipment and real property at least once every two years with results reconciled with the equipment records (2 CFR section 200.313(d)(2)). Condition/Context: In testing equipment and real property management, we requested from management support for their conduction of a physical inventory of equipment and real property acquired with federal funds. We noted management was unable to produce such records, as a physical inventory of federal equipment and real property had not been conducted within the required two-year period. Cause: There was a lapse in internal controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. Effect: The College did not timely conduct their physical inventory of equipment and real property acquired with federal funds within the two-year period. Repeat Finding: This is not a repeat finding. Recommendation: We recommend the College implement a policy to monitor the physical inventory of equipment and real property acquired with federal funds at least once during each two-year period. Views of responsible officials: Management agrees there was a lapse in controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. New and revised controls will be implemented to ensure a physical inventory of federally acquired equipment and real property is conducted within the required two-year period. These controls include performing this physical inventory at least annually to ensure the two-year requirement is met.
FINDING 2022-001 ? Equipment and Real Property Management ? Significant Deficiency in Internal Controls and Instance of Non-Compliance "See Schedule of Findings and Questioned Costs for chart/table" Criteria: An institution must conduct a physical inventory of equipment and real property at least once every two years with results reconciled with the equipment records (2 CFR section 200.313(d)(2)). Condition/Context: In testing equipment and real property management, we requested from management support for their conduction of a physical inventory of equipment and real property acquired with federal funds. We noted management was unable to produce such records, as a physical inventory of federal equipment and real property had not been conducted within the required two-year period. Cause: There was a lapse in internal controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. Effect: The College did not timely conduct their physical inventory of equipment and real property acquired with federal funds within the two-year period. Repeat Finding: This is not a repeat finding. Recommendation: We recommend the College implement a policy to monitor the physical inventory of equipment and real property acquired with federal funds at least once during each two-year period. Views of responsible officials: Management agrees there was a lapse in controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. New and revised controls will be implemented to ensure a physical inventory of federally acquired equipment and real property is conducted within the required two-year period. These controls include performing this physical inventory at least annually to ensure the two-year requirement is met.
FINDING 2022-001 ? Equipment and Real Property Management ? Significant Deficiency in Internal Controls and Instance of Non-Compliance "See Schedule of Findings and Questioned Costs for chart/table" Criteria: An institution must conduct a physical inventory of equipment and real property at least once every two years with results reconciled with the equipment records (2 CFR section 200.313(d)(2)). Condition/Context: In testing equipment and real property management, we requested from management support for their conduction of a physical inventory of equipment and real property acquired with federal funds. We noted management was unable to produce such records, as a physical inventory of federal equipment and real property had not been conducted within the required two-year period. Cause: There was a lapse in internal controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. Effect: The College did not timely conduct their physical inventory of equipment and real property acquired with federal funds within the two-year period. Repeat Finding: This is not a repeat finding. Recommendation: We recommend the College implement a policy to monitor the physical inventory of equipment and real property acquired with federal funds at least once during each two-year period. Views of responsible officials: Management agrees there was a lapse in controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. New and revised controls will be implemented to ensure a physical inventory of federally acquired equipment and real property is conducted within the required two-year period. These controls include performing this physical inventory at least annually to ensure the two-year requirement is met.
FINDING 2022-001 ? Equipment and Real Property Management ? Significant Deficiency in Internal Controls and Instance of Non-Compliance "See Schedule of Findings and Questioned Costs for chart/table" Criteria: An institution must conduct a physical inventory of equipment and real property at least once every two years with results reconciled with the equipment records (2 CFR section 200.313(d)(2)). Condition/Context: In testing equipment and real property management, we requested from management support for their conduction of a physical inventory of equipment and real property acquired with federal funds. We noted management was unable to produce such records, as a physical inventory of federal equipment and real property had not been conducted within the required two-year period. Cause: There was a lapse in internal controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. Effect: The College did not timely conduct their physical inventory of equipment and real property acquired with federal funds within the two-year period. Repeat Finding: This is not a repeat finding. Recommendation: We recommend the College implement a policy to monitor the physical inventory of equipment and real property acquired with federal funds at least once during each two-year period. Views of responsible officials: Management agrees there was a lapse in controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. New and revised controls will be implemented to ensure a physical inventory of federally acquired equipment and real property is conducted within the required two-year period. These controls include performing this physical inventory at least annually to ensure the two-year requirement is met.
FINDING 2022-001 ? Equipment and Real Property Management ? Significant Deficiency in Internal Controls and Instance of Non-Compliance "See Schedule of Findings and Questioned Costs for chart/table" Criteria: An institution must conduct a physical inventory of equipment and real property at least once every two years with results reconciled with the equipment records (2 CFR section 200.313(d)(2)). Condition/Context: In testing equipment and real property management, we requested from management support for their conduction of a physical inventory of equipment and real property acquired with federal funds. We noted management was unable to produce such records, as a physical inventory of federal equipment and real property had not been conducted within the required two-year period. Cause: There was a lapse in internal controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. Effect: The College did not timely conduct their physical inventory of equipment and real property acquired with federal funds within the two-year period. Repeat Finding: This is not a repeat finding. Recommendation: We recommend the College implement a policy to monitor the physical inventory of equipment and real property acquired with federal funds at least once during each two-year period. Views of responsible officials: Management agrees there was a lapse in controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. New and revised controls will be implemented to ensure a physical inventory of federally acquired equipment and real property is conducted within the required two-year period. These controls include performing this physical inventory at least annually to ensure the two-year requirement is met.
FINDING 2022-001 ? Equipment and Real Property Management ? Significant Deficiency in Internal Controls and Instance of Non-Compliance "See Schedule of Findings and Questioned Costs for chart/table" Criteria: An institution must conduct a physical inventory of equipment and real property at least once every two years with results reconciled with the equipment records (2 CFR section 200.313(d)(2)). Condition/Context: In testing equipment and real property management, we requested from management support for their conduction of a physical inventory of equipment and real property acquired with federal funds. We noted management was unable to produce such records, as a physical inventory of federal equipment and real property had not been conducted within the required two-year period. Cause: There was a lapse in internal controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. Effect: The College did not timely conduct their physical inventory of equipment and real property acquired with federal funds within the two-year period. Repeat Finding: This is not a repeat finding. Recommendation: We recommend the College implement a policy to monitor the physical inventory of equipment and real property acquired with federal funds at least once during each two-year period. Views of responsible officials: Management agrees there was a lapse in controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. New and revised controls will be implemented to ensure a physical inventory of federally acquired equipment and real property is conducted within the required two-year period. These controls include performing this physical inventory at least annually to ensure the two-year requirement is met.
FINDING 2022-001 ? Equipment and Real Property Management ? Significant Deficiency in Internal Controls and Instance of Non-Compliance "See Schedule of Findings and Questioned Costs for chart/table" Criteria: An institution must conduct a physical inventory of equipment and real property at least once every two years with results reconciled with the equipment records (2 CFR section 200.313(d)(2)). Condition/Context: In testing equipment and real property management, we requested from management support for their conduction of a physical inventory of equipment and real property acquired with federal funds. We noted management was unable to produce such records, as a physical inventory of federal equipment and real property had not been conducted within the required two-year period. Cause: There was a lapse in internal controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. Effect: The College did not timely conduct their physical inventory of equipment and real property acquired with federal funds within the two-year period. Repeat Finding: This is not a repeat finding. Recommendation: We recommend the College implement a policy to monitor the physical inventory of equipment and real property acquired with federal funds at least once during each two-year period. Views of responsible officials: Management agrees there was a lapse in controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. New and revised controls will be implemented to ensure a physical inventory of federally acquired equipment and real property is conducted within the required two-year period. These controls include performing this physical inventory at least annually to ensure the two-year requirement is met.
FINDING 2022-001 ? Equipment and Real Property Management ? Significant Deficiency in Internal Controls and Instance of Non-Compliance "See Schedule of Findings and Questioned Costs for chart/table" Criteria: An institution must conduct a physical inventory of equipment and real property at least once every two years with results reconciled with the equipment records (2 CFR section 200.313(d)(2)). Condition/Context: In testing equipment and real property management, we requested from management support for their conduction of a physical inventory of equipment and real property acquired with federal funds. We noted management was unable to produce such records, as a physical inventory of federal equipment and real property had not been conducted within the required two-year period. Cause: There was a lapse in internal controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. Effect: The College did not timely conduct their physical inventory of equipment and real property acquired with federal funds within the two-year period. Repeat Finding: This is not a repeat finding. Recommendation: We recommend the College implement a policy to monitor the physical inventory of equipment and real property acquired with federal funds at least once during each two-year period. Views of responsible officials: Management agrees there was a lapse in controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. New and revised controls will be implemented to ensure a physical inventory of federally acquired equipment and real property is conducted within the required two-year period. These controls include performing this physical inventory at least annually to ensure the two-year requirement is met.
FINDING 2022-001 ? Equipment and Real Property Management ? Significant Deficiency in Internal Controls and Instance of Non-Compliance "See Schedule of Findings and Questioned Costs for chart/table" Criteria: An institution must conduct a physical inventory of equipment and real property at least once every two years with results reconciled with the equipment records (2 CFR section 200.313(d)(2)). Condition/Context: In testing equipment and real property management, we requested from management support for their conduction of a physical inventory of equipment and real property acquired with federal funds. We noted management was unable to produce such records, as a physical inventory of federal equipment and real property had not been conducted within the required two-year period. Cause: There was a lapse in internal controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. Effect: The College did not timely conduct their physical inventory of equipment and real property acquired with federal funds within the two-year period. Repeat Finding: This is not a repeat finding. Recommendation: We recommend the College implement a policy to monitor the physical inventory of equipment and real property acquired with federal funds at least once during each two-year period. Views of responsible officials: Management agrees there was a lapse in controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. New and revised controls will be implemented to ensure a physical inventory of federally acquired equipment and real property is conducted within the required two-year period. These controls include performing this physical inventory at least annually to ensure the two-year requirement is met.
FINDING 2022-001 ? Equipment and Real Property Management ? Significant Deficiency in Internal Controls and Instance of Non-Compliance "See Schedule of Findings and Questioned Costs for chart/table" Criteria: An institution must conduct a physical inventory of equipment and real property at least once every two years with results reconciled with the equipment records (2 CFR section 200.313(d)(2)). Condition/Context: In testing equipment and real property management, we requested from management support for their conduction of a physical inventory of equipment and real property acquired with federal funds. We noted management was unable to produce such records, as a physical inventory of federal equipment and real property had not been conducted within the required two-year period. Cause: There was a lapse in internal controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. Effect: The College did not timely conduct their physical inventory of equipment and real property acquired with federal funds within the two-year period. Repeat Finding: This is not a repeat finding. Recommendation: We recommend the College implement a policy to monitor the physical inventory of equipment and real property acquired with federal funds at least once during each two-year period. Views of responsible officials: Management agrees there was a lapse in controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. New and revised controls will be implemented to ensure a physical inventory of federally acquired equipment and real property is conducted within the required two-year period. These controls include performing this physical inventory at least annually to ensure the two-year requirement is met.
FINDING 2022-001 ? Equipment and Real Property Management ? Significant Deficiency in Internal Controls and Instance of Non-Compliance "See Schedule of Findings and Questioned Costs for chart/table" Criteria: An institution must conduct a physical inventory of equipment and real property at least once every two years with results reconciled with the equipment records (2 CFR section 200.313(d)(2)). Condition/Context: In testing equipment and real property management, we requested from management support for their conduction of a physical inventory of equipment and real property acquired with federal funds. We noted management was unable to produce such records, as a physical inventory of federal equipment and real property had not been conducted within the required two-year period. Cause: There was a lapse in internal controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. Effect: The College did not timely conduct their physical inventory of equipment and real property acquired with federal funds within the two-year period. Repeat Finding: This is not a repeat finding. Recommendation: We recommend the College implement a policy to monitor the physical inventory of equipment and real property acquired with federal funds at least once during each two-year period. Views of responsible officials: Management agrees there was a lapse in controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. New and revised controls will be implemented to ensure a physical inventory of federally acquired equipment and real property is conducted within the required two-year period. These controls include performing this physical inventory at least annually to ensure the two-year requirement is met.
FINDING 2022-001 ? Equipment and Real Property Management ? Significant Deficiency in Internal Controls and Instance of Non-Compliance "See Schedule of Findings and Questioned Costs for chart/table" Criteria: An institution must conduct a physical inventory of equipment and real property at least once every two years with results reconciled with the equipment records (2 CFR section 200.313(d)(2)). Condition/Context: In testing equipment and real property management, we requested from management support for their conduction of a physical inventory of equipment and real property acquired with federal funds. We noted management was unable to produce such records, as a physical inventory of federal equipment and real property had not been conducted within the required two-year period. Cause: There was a lapse in internal controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. Effect: The College did not timely conduct their physical inventory of equipment and real property acquired with federal funds within the two-year period. Repeat Finding: This is not a repeat finding. Recommendation: We recommend the College implement a policy to monitor the physical inventory of equipment and real property acquired with federal funds at least once during each two-year period. Views of responsible officials: Management agrees there was a lapse in controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. New and revised controls will be implemented to ensure a physical inventory of federally acquired equipment and real property is conducted within the required two-year period. These controls include performing this physical inventory at least annually to ensure the two-year requirement is met.
FINDING 2022-001 ? Equipment and Real Property Management ? Significant Deficiency in Internal Controls and Instance of Non-Compliance "See Schedule of Findings and Questioned Costs for chart/table" Criteria: An institution must conduct a physical inventory of equipment and real property at least once every two years with results reconciled with the equipment records (2 CFR section 200.313(d)(2)). Condition/Context: In testing equipment and real property management, we requested from management support for their conduction of a physical inventory of equipment and real property acquired with federal funds. We noted management was unable to produce such records, as a physical inventory of federal equipment and real property had not been conducted within the required two-year period. Cause: There was a lapse in internal controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. Effect: The College did not timely conduct their physical inventory of equipment and real property acquired with federal funds within the two-year period. Repeat Finding: This is not a repeat finding. Recommendation: We recommend the College implement a policy to monitor the physical inventory of equipment and real property acquired with federal funds at least once during each two-year period. Views of responsible officials: Management agrees there was a lapse in controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. New and revised controls will be implemented to ensure a physical inventory of federally acquired equipment and real property is conducted within the required two-year period. These controls include performing this physical inventory at least annually to ensure the two-year requirement is met.