Corrective Action Plan:
The University has developed a project plan to identify all assets that require inventory to meet Uniform Guidance
requirements. Tasks, milestones, and deliverables will drive completion of the project, with the imperative to meet
federal regulations and alignment with ope...
Corrective Action Plan:
The University has developed a project plan to identify all assets that require inventory to meet Uniform Guidance
requirements. Tasks, milestones, and deliverables will drive completion of the project, with the imperative to meet
federal regulations and alignment with operational procedures taking priority. Contemporaneous reporting will be
enhanced to include aged inventory dates and allow for setting of inventory tasks across a continuum. Meeting
Uniform Guidance requirements will take precedence when completing inventory of all federally sponsored
equipment, and if in conflict with internal operations and/or processes. UT Southwestern Medical Center’s Asset
Management procedure manual(s) will be revised to include the new process, controls, and reports established to
consistently and repeatedly meet Uniform Guidance requirements. Further, UT Southwestern’s Sponsored
Program Administration and Internal Audit teams will coordinate to perform ad hoc internal reviews to assure the
respective project plan has been completed and new process continues to meet the requirements of Uniform
Guidance respective asset management inventory requirements. Implementation of this plan will commence
February 1, 2025, with asset inventory being fully compliant with Uniform Guidance prior to July 31, 2025. Internal
reviews will continue for a minimum period of two fiscal years, through FY27.
Implementation Date: February 1, 2025
Responsible Person: Megan G. Marks, PhD, Associate Vice President, Sponsored Programs Administration
Sharonda Lawson, Director, Sourcing and Contract Management
Timothy Martin, Director, Purchasing