2024-004: Equipment Management—Material Weakness U.S. Department of Education Passed through Missouri Department of Elementary and Secondary Education Education Stabilization Fund, Assistance Listing No. 84.425C (COVID-19 - Governor’s Emergency Education Relief Fund), 84.425D (COVID-19 - Elementary and Secondary School Emergency Relief Fund), 84.425U (COVID-19 - American Rescue Plan-Elementary and Secondary School Emergency Relief), 84.425W (COVID-19 - American Rescue Plan-Elementary and Secondary School Emergency Relief-Homeless Children and Youth) Federal award year 2023-2024 Criteria: The Uniform Guidance (2 CFR 200.303) requires nonfederal entities receiving federal awards to establish and maintain internal controls designed to reasonably ensure compliance with federal laws, regulations, and program compliance retirements. Also, in accordance with 2 CFR section 200.313(d)(1), property records must be maintained that include a description of the property, a serial number or other identification number, the source of funding for the property (including the federal award identification number), who holds title, the acquisition date, cost of the property, percentage of federal participation in the project costs for the federal award under which the property was acquired, the location, use and condition of the property, and any ultimate disposition data including the date of disposal and sales price of the property. In accordance with 2 CFR section 200.313(d)(2), a physical inventory of equipment and property must be taken, and the results reconciled with the property records at least once every two years. Condition: The District’s controls were not operating effectively to reasonably ensure the District had maintained property records with the above required information, and performed the required physical inventory of equipment within the two previous years. As a result, the District did not comply with the compliance requirements for equipment and property. Cause: The District does not have processes and procedures in place related to equipment management, tracking and required physical inventories. Effect or potential effect: The District is not in compliance with federal grant requirements over the tracking and physical inventory of equipment. Improper equipment procedures could result in actions taken by oversight agencies which could impact future funding. Questioned costs: None Context: For all sample selections tested in the major program, there was no process of tagging and tracking equipment purchased with federal funding, nor evidence that any physical inventories had been performed. Identification as a repeat finding, if applicable: Not applicable. Recommendation: We recommend the District develop processes and procedures to tag and track equipment purchased with federal funding, and maintain support that physical inventory inventories were performed as required. View of responsible officials: Management agrees with this finding.
Reference Number: 2024-003 Description: Written Procedures Condition and Criteria: At the beginning of the audit period, the District did not have a Federal Funds Manual in place to document policies and procedures for managing federal awards in compliance 2 CFR 200, Subparts D and E. The Uniform Guidance requires the following written procedures: Written procedures for grant financial management (2 CFR 200.302 and 2 CFR 200.305) Written procurement policy (2 CFR 200.318a) Written procedures for allowable costs (2 CFR 200.403) Written procedures for managing and safeguarding property or equipment acquired with federal funds (2 CFR 200.313) During the course of the audit, the District developed and implemented a Federal Funds Manual to address this deficiency. Cause: There was an administrative oversight of ensuring the District had these written procedures in place. Effect: The absence of a documented Federal Funds Manual increased the risk of noncompliance with federal requirements and ineffective management of federal funds. However, the district’s subsequent implementation of the manual before the audit’s completion reduced this risk. Recommendation: We recommend that the District continue to utilize and periodically review the Federal Funds Manual to ensure it remains comprehensive and up-to-date with changes in federal requirements. Views of Responsible Officials and Corrective Action: See Corrective Action Plan.
Reference Number: 2024-003 Description: Written Procedures Condition and Criteria: At the beginning of the audit period, the District did not have a Federal Funds Manual in place to document policies and procedures for managing federal awards in compliance 2 CFR 200, Subparts D and E. The Uniform Guidance requires the following written procedures: Written procedures for grant financial management (2 CFR 200.302 and 2 CFR 200.305) Written procurement policy (2 CFR 200.318a) Written procedures for allowable costs (2 CFR 200.403) Written procedures for managing and safeguarding property or equipment acquired with federal funds (2 CFR 200.313) During the course of the audit, the District developed and implemented a Federal Funds Manual to address this deficiency. Cause: There was an administrative oversight of ensuring the District had these written procedures in place. Effect: The absence of a documented Federal Funds Manual increased the risk of noncompliance with federal requirements and ineffective management of federal funds. However, the district’s subsequent implementation of the manual before the audit’s completion reduced this risk. Recommendation: We recommend that the District continue to utilize and periodically review the Federal Funds Manual to ensure it remains comprehensive and up-to-date with changes in federal requirements. Views of Responsible Officials and Corrective Action: See Corrective Action Plan.
Reference Number: 2024-003 Description: Written Procedures Condition and Criteria: At the beginning of the audit period, the District did not have a Federal Funds Manual in place to document policies and procedures for managing federal awards in compliance 2 CFR 200, Subparts D and E. The Uniform Guidance requires the following written procedures: Written procedures for grant financial management (2 CFR 200.302 and 2 CFR 200.305) Written procurement policy (2 CFR 200.318a) Written procedures for allowable costs (2 CFR 200.403) Written procedures for managing and safeguarding property or equipment acquired with federal funds (2 CFR 200.313) During the course of the audit, the District developed and implemented a Federal Funds Manual to address this deficiency. Cause: There was an administrative oversight of ensuring the District had these written procedures in place. Effect: The absence of a documented Federal Funds Manual increased the risk of noncompliance with federal requirements and ineffective management of federal funds. However, the district’s subsequent implementation of the manual before the audit’s completion reduced this risk. Recommendation: We recommend that the District continue to utilize and periodically review the Federal Funds Manual to ensure it remains comprehensive and up-to-date with changes in federal requirements. Views of Responsible Officials and Corrective Action: See Corrective Action Plan.
Criteria: Per 2 CFR § 200.313 (Uniform Guidance) for managing federally funded property, recipients must: maintain records of capital assets purchased with federal funds including detailed descriptions, serial numbers, acquisition dates, and funding sources. The recipients must also perform physical inventories at least every two years to ensure assets are accounted for, and establish internal controls to safeguard assets from loss, damage, or unauthorized use. Condition: During the audit, we noted that the Town did not segregate capital assets acquired utilizing federal funds in its capital asset software, including records of asset locations and condition. Since federally funded capital assets were not separately tracked in the capital asset system, we were unable to determine which disposals during the current year, if any were federally purchased assets. Lastly, the Town did not maintain records of any federally purchased asset inventory counts completed during the last two years. Cause: The Town lacked sufficient internal controls and formalized procedures to track federally funded assets. Effect or Potential Effect: Inadequate records increase the risk of asset misappropriation, misuse or loss. Failure to account for disposals could lead to questioned costs during federal audits. Sale of federally purchased assets could result in a gain and the requirement for the Town to perform program income procedures with the pass-through entity or the related federal agency. Recommendation: We recommend the Town update their capital asset tracking schedule to include information on which assets are purchased using federal funds. Furthermore, we suggest the Town begin to keep records of any inventory count taken and begin scheduling inventory counts to be completed at least once every two years. Management's Response: Management concurs with the finding and has already begun taking steps to address the issue. They plan on updating their capital asset tracking module to include documentation of federally purchased assets. Additionally, the Town is in the process of scheduling inventory counts to be completed at least once every two years, and to maintain documentation of any inventory count completed.
Criteria: 2 CFR 200.313 (d) contains equipment management requirements which include a physical inventory of research funded property and reconciliation with the property records at least once every two years. Condition: A physical inventory of the research funded property must be conducted and the results must be reconciled with the property records at least once every two years. The last physical inventory was conducted in FY2022. Cause: Management did not perform the physical inventory in FY2023 or FY2024 of the research funded property due to timing constraints. Management’s process includes other procedures such as an internal fixed asset confirmation over equipment and real property, however such procedures are not comprehensive or at a sufficient level of detail to meet the compliance requirement. Effect: Not performing the physical inventory could result in an inaccurate record of assets purchased with federal funds. Questioned Costs: None; Reccomendation: Management should ensure the physical inventory is scheduled early in the two year cycle to ensure completeness within the required two year timeframe. Managements's View and Corrective Action Plan: Management agrees with the finding. Refer to the Management Corrective Action Plan on page 81.
Criteria: 2 CFR 200.313 (d) contains equipment management requirements which include a physical inventory of research funded property and reconciliation with the property records at least once every two years. Condition: A physical inventory of the research funded property must be conducted and the results must be reconciled with the property records at least once every two years. The last physical inventory was conducted in FY2022. Cause: Management did not perform the physical inventory in FY2023 or FY2024 of the research funded property due to timing constraints. Management’s process includes other procedures such as an internal fixed asset confirmation over equipment and real property, however such procedures are not comprehensive or at a sufficient level of detail to meet the compliance requirement. Effect: Not performing the physical inventory could result in an inaccurate record of assets purchased with federal funds. Questioned Costs: None; Reccomendation: Management should ensure the physical inventory is scheduled early in the two year cycle to ensure completeness within the required two year timeframe. Managements's View and Corrective Action Plan: Management agrees with the finding. Refer to the Management Corrective Action Plan on page 81.
Criteria: 2 CFR 200.313 (d) contains equipment management requirements which include a physical inventory of research funded property and reconciliation with the property records at least once every two years. Condition: A physical inventory of the research funded property must be conducted and the results must be reconciled with the property records at least once every two years. The last physical inventory was conducted in FY2022. Cause: Management did not perform the physical inventory in FY2023 or FY2024 of the research funded property due to timing constraints. Management’s process includes other procedures such as an internal fixed asset confirmation over equipment and real property, however such procedures are not comprehensive or at a sufficient level of detail to meet the compliance requirement. Effect: Not performing the physical inventory could result in an inaccurate record of assets purchased with federal funds. Questioned Costs: None; Reccomendation: Management should ensure the physical inventory is scheduled early in the two year cycle to ensure completeness within the required two year timeframe. Managements's View and Corrective Action Plan: Management agrees with the finding. Refer to the Management Corrective Action Plan on page 81.
Criteria: 2 CFR 200.313 (d) contains equipment management requirements which include a physical inventory of research funded property and reconciliation with the property records at least once every two years. Condition: A physical inventory of the research funded property must be conducted and the results must be reconciled with the property records at least once every two years. The last physical inventory was conducted in FY2022. Cause: Management did not perform the physical inventory in FY2023 or FY2024 of the research funded property due to timing constraints. Management’s process includes other procedures such as an internal fixed asset confirmation over equipment and real property, however such procedures are not comprehensive or at a sufficient level of detail to meet the compliance requirement. Effect: Not performing the physical inventory could result in an inaccurate record of assets purchased with federal funds. Questioned Costs: None; Reccomendation: Management should ensure the physical inventory is scheduled early in the two year cycle to ensure completeness within the required two year timeframe. Managements's View and Corrective Action Plan: Management agrees with the finding. Refer to the Management Corrective Action Plan on page 81.
Criteria: 2 CFR 200.313 (d) contains equipment management requirements which include a physical inventory of research funded property and reconciliation with the property records at least once every two years. Condition: A physical inventory of the research funded property must be conducted and the results must be reconciled with the property records at least once every two years. The last physical inventory was conducted in FY2022. Cause: Management did not perform the physical inventory in FY2023 or FY2024 of the research funded property due to timing constraints. Management’s process includes other procedures such as an internal fixed asset confirmation over equipment and real property, however such procedures are not comprehensive or at a sufficient level of detail to meet the compliance requirement. Effect: Not performing the physical inventory could result in an inaccurate record of assets purchased with federal funds. Questioned Costs: None; Reccomendation: Management should ensure the physical inventory is scheduled early in the two year cycle to ensure completeness within the required two year timeframe. Managements's View and Corrective Action Plan: Management agrees with the finding. Refer to the Management Corrective Action Plan on page 81.
Criteria: 2 CFR 200.313 (d) contains equipment management requirements which include a physical inventory of research funded property and reconciliation with the property records at least once every two years. Condition: A physical inventory of the research funded property must be conducted and the results must be reconciled with the property records at least once every two years. The last physical inventory was conducted in FY2022. Cause: Management did not perform the physical inventory in FY2023 or FY2024 of the research funded property due to timing constraints. Management’s process includes other procedures such as an internal fixed asset confirmation over equipment and real property, however such procedures are not comprehensive or at a sufficient level of detail to meet the compliance requirement. Effect: Not performing the physical inventory could result in an inaccurate record of assets purchased with federal funds. Questioned Costs: None; Reccomendation: Management should ensure the physical inventory is scheduled early in the two year cycle to ensure completeness within the required two year timeframe. Managements's View and Corrective Action Plan: Management agrees with the finding. Refer to the Management Corrective Action Plan on page 81.
Criteria: 2 CFR 200.313 (d) contains equipment management requirements which include a physical inventory of research funded property and reconciliation with the property records at least once every two years. Condition: A physical inventory of the research funded property must be conducted and the results must be reconciled with the property records at least once every two years. The last physical inventory was conducted in FY2022. Cause: Management did not perform the physical inventory in FY2023 or FY2024 of the research funded property due to timing constraints. Management’s process includes other procedures such as an internal fixed asset confirmation over equipment and real property, however such procedures are not comprehensive or at a sufficient level of detail to meet the compliance requirement. Effect: Not performing the physical inventory could result in an inaccurate record of assets purchased with federal funds. Questioned Costs: None; Reccomendation: Management should ensure the physical inventory is scheduled early in the two year cycle to ensure completeness within the required two year timeframe. Managements's View and Corrective Action Plan: Management agrees with the finding. Refer to the Management Corrective Action Plan on page 81.
Criteria: 2 CFR 200.313 (d) contains equipment management requirements which include a physical inventory of research funded property and reconciliation with the property records at least once every two years. Condition: A physical inventory of the research funded property must be conducted and the results must be reconciled with the property records at least once every two years. The last physical inventory was conducted in FY2022. Cause: Management did not perform the physical inventory in FY2023 or FY2024 of the research funded property due to timing constraints. Management’s process includes other procedures such as an internal fixed asset confirmation over equipment and real property, however such procedures are not comprehensive or at a sufficient level of detail to meet the compliance requirement. Effect: Not performing the physical inventory could result in an inaccurate record of assets purchased with federal funds. Questioned Costs: None; Reccomendation: Management should ensure the physical inventory is scheduled early in the two year cycle to ensure completeness within the required two year timeframe. Managements's View and Corrective Action Plan: Management agrees with the finding. Refer to the Management Corrective Action Plan on page 81.
Criteria: 2 CFR 200.313 (d) contains equipment management requirements which include a physical inventory of research funded property and reconciliation with the property records at least once every two years. Condition: A physical inventory of the research funded property must be conducted and the results must be reconciled with the property records at least once every two years. The last physical inventory was conducted in FY2022. Cause: Management did not perform the physical inventory in FY2023 or FY2024 of the research funded property due to timing constraints. Management’s process includes other procedures such as an internal fixed asset confirmation over equipment and real property, however such procedures are not comprehensive or at a sufficient level of detail to meet the compliance requirement. Effect: Not performing the physical inventory could result in an inaccurate record of assets purchased with federal funds. Questioned Costs: None; Reccomendation: Management should ensure the physical inventory is scheduled early in the two year cycle to ensure completeness within the required two year timeframe. Managements's View and Corrective Action Plan: Management agrees with the finding. Refer to the Management Corrective Action Plan on page 81.
Criteria: 2 CFR 200.313 (d) contains equipment management requirements which include a physical inventory of research funded property and reconciliation with the property records at least once every two years. Condition: A physical inventory of the research funded property must be conducted and the results must be reconciled with the property records at least once every two years. The last physical inventory was conducted in FY2022. Cause: Management did not perform the physical inventory in FY2023 or FY2024 of the research funded property due to timing constraints. Management’s process includes other procedures such as an internal fixed asset confirmation over equipment and real property, however such procedures are not comprehensive or at a sufficient level of detail to meet the compliance requirement. Effect: Not performing the physical inventory could result in an inaccurate record of assets purchased with federal funds. Questioned Costs: None; Reccomendation: Management should ensure the physical inventory is scheduled early in the two year cycle to ensure completeness within the required two year timeframe. Managements's View and Corrective Action Plan: Management agrees with the finding. Refer to the Management Corrective Action Plan on page 81.
Criteria: 2 CFR 200.313 (d) contains equipment management requirements which include a physical inventory of research funded property and reconciliation with the property records at least once every two years. Condition: A physical inventory of the research funded property must be conducted and the results must be reconciled with the property records at least once every two years. The last physical inventory was conducted in FY2022. Cause: Management did not perform the physical inventory in FY2023 or FY2024 of the research funded property due to timing constraints. Management’s process includes other procedures such as an internal fixed asset confirmation over equipment and real property, however such procedures are not comprehensive or at a sufficient level of detail to meet the compliance requirement. Effect: Not performing the physical inventory could result in an inaccurate record of assets purchased with federal funds. Questioned Costs: None; Reccomendation: Management should ensure the physical inventory is scheduled early in the two year cycle to ensure completeness within the required two year timeframe. Managements's View and Corrective Action Plan: Management agrees with the finding. Refer to the Management Corrective Action Plan on page 81.
Criteria: 2 CFR 200.313 (d) contains equipment management requirements which include a physical inventory of research funded property and reconciliation with the property records at least once every two years. Condition: A physical inventory of the research funded property must be conducted and the results must be reconciled with the property records at least once every two years. The last physical inventory was conducted in FY2022. Cause: Management did not perform the physical inventory in FY2023 or FY2024 of the research funded property due to timing constraints. Management’s process includes other procedures such as an internal fixed asset confirmation over equipment and real property, however such procedures are not comprehensive or at a sufficient level of detail to meet the compliance requirement. Effect: Not performing the physical inventory could result in an inaccurate record of assets purchased with federal funds. Questioned Costs: None; Reccomendation: Management should ensure the physical inventory is scheduled early in the two year cycle to ensure completeness within the required two year timeframe. Managements's View and Corrective Action Plan: Management agrees with the finding. Refer to the Management Corrective Action Plan on page 81.
Criteria: 2 CFR 200.313 (d) contains equipment management requirements which include a physical inventory of research funded property and reconciliation with the property records at least once every two years. Condition: A physical inventory of the research funded property must be conducted and the results must be reconciled with the property records at least once every two years. The last physical inventory was conducted in FY2022. Cause: Management did not perform the physical inventory in FY2023 or FY2024 of the research funded property due to timing constraints. Management’s process includes other procedures such as an internal fixed asset confirmation over equipment and real property, however such procedures are not comprehensive or at a sufficient level of detail to meet the compliance requirement. Effect: Not performing the physical inventory could result in an inaccurate record of assets purchased with federal funds. Questioned Costs: None; Reccomendation: Management should ensure the physical inventory is scheduled early in the two year cycle to ensure completeness within the required two year timeframe. Managements's View and Corrective Action Plan: Management agrees with the finding. Refer to the Management Corrective Action Plan on page 81.
Criteria: 2 CFR 200.313 (d) contains equipment management requirements which include a physical inventory of research funded property and reconciliation with the property records at least once every two years. Condition: A physical inventory of the research funded property must be conducted and the results must be reconciled with the property records at least once every two years. The last physical inventory was conducted in FY2022. Cause: Management did not perform the physical inventory in FY2023 or FY2024 of the research funded property due to timing constraints. Management’s process includes other procedures such as an internal fixed asset confirmation over equipment and real property, however such procedures are not comprehensive or at a sufficient level of detail to meet the compliance requirement. Effect: Not performing the physical inventory could result in an inaccurate record of assets purchased with federal funds. Questioned Costs: None; Reccomendation: Management should ensure the physical inventory is scheduled early in the two year cycle to ensure completeness within the required two year timeframe. Managements's View and Corrective Action Plan: Management agrees with the finding. Refer to the Management Corrective Action Plan on page 81.
Criteria: 2 CFR 200.313 (d) contains equipment management requirements which include a physical inventory of research funded property and reconciliation with the property records at least once every two years. Condition: A physical inventory of the research funded property must be conducted and the results must be reconciled with the property records at least once every two years. The last physical inventory was conducted in FY2022. Cause: Management did not perform the physical inventory in FY2023 or FY2024 of the research funded property due to timing constraints. Management’s process includes other procedures such as an internal fixed asset confirmation over equipment and real property, however such procedures are not comprehensive or at a sufficient level of detail to meet the compliance requirement. Effect: Not performing the physical inventory could result in an inaccurate record of assets purchased with federal funds. Questioned Costs: None; Reccomendation: Management should ensure the physical inventory is scheduled early in the two year cycle to ensure completeness within the required two year timeframe. Managements's View and Corrective Action Plan: Management agrees with the finding. Refer to the Management Corrective Action Plan on page 81.
Criteria: 2 CFR 200.313 (d) contains equipment management requirements which include a physical inventory of research funded property and reconciliation with the property records at least once every two years. Condition: A physical inventory of the research funded property must be conducted and the results must be reconciled with the property records at least once every two years. The last physical inventory was conducted in FY2022. Cause: Management did not perform the physical inventory in FY2023 or FY2024 of the research funded property due to timing constraints. Management’s process includes other procedures such as an internal fixed asset confirmation over equipment and real property, however such procedures are not comprehensive or at a sufficient level of detail to meet the compliance requirement. Effect: Not performing the physical inventory could result in an inaccurate record of assets purchased with federal funds. Questioned Costs: None; Reccomendation: Management should ensure the physical inventory is scheduled early in the two year cycle to ensure completeness within the required two year timeframe. Managements's View and Corrective Action Plan: Management agrees with the finding. Refer to the Management Corrective Action Plan on page 81.
Criteria: 2 CFR 200.313 (d) contains equipment management requirements which include a physical inventory of research funded property and reconciliation with the property records at least once every two years. Condition: A physical inventory of the research funded property must be conducted and the results must be reconciled with the property records at least once every two years. The last physical inventory was conducted in FY2022. Cause: Management did not perform the physical inventory in FY2023 or FY2024 of the research funded property due to timing constraints. Management’s process includes other procedures such as an internal fixed asset confirmation over equipment and real property, however such procedures are not comprehensive or at a sufficient level of detail to meet the compliance requirement. Effect: Not performing the physical inventory could result in an inaccurate record of assets purchased with federal funds. Questioned Costs: None; Reccomendation: Management should ensure the physical inventory is scheduled early in the two year cycle to ensure completeness within the required two year timeframe. Managements's View and Corrective Action Plan: Management agrees with the finding. Refer to the Management Corrective Action Plan on page 81.
Criteria: 2 CFR 200.313 (d) contains equipment management requirements which include a physical inventory of research funded property and reconciliation with the property records at least once every two years. Condition: A physical inventory of the research funded property must be conducted and the results must be reconciled with the property records at least once every two years. The last physical inventory was conducted in FY2022. Cause: Management did not perform the physical inventory in FY2023 or FY2024 of the research funded property due to timing constraints. Management’s process includes other procedures such as an internal fixed asset confirmation over equipment and real property, however such procedures are not comprehensive or at a sufficient level of detail to meet the compliance requirement. Effect: Not performing the physical inventory could result in an inaccurate record of assets purchased with federal funds. Questioned Costs: None; Reccomendation: Management should ensure the physical inventory is scheduled early in the two year cycle to ensure completeness within the required two year timeframe. Managements's View and Corrective Action Plan: Management agrees with the finding. Refer to the Management Corrective Action Plan on page 81.
Criteria: 2 CFR 200.313 (d) contains equipment management requirements which include a physical inventory of research funded property and reconciliation with the property records at least once every two years. Condition: A physical inventory of the research funded property must be conducted and the results must be reconciled with the property records at least once every two years. The last physical inventory was conducted in FY2022. Cause: Management did not perform the physical inventory in FY2023 or FY2024 of the research funded property due to timing constraints. Management’s process includes other procedures such as an internal fixed asset confirmation over equipment and real property, however such procedures are not comprehensive or at a sufficient level of detail to meet the compliance requirement. Effect: Not performing the physical inventory could result in an inaccurate record of assets purchased with federal funds. Questioned Costs: None; Reccomendation: Management should ensure the physical inventory is scheduled early in the two year cycle to ensure completeness within the required two year timeframe. Managements's View and Corrective Action Plan: Management agrees with the finding. Refer to the Management Corrective Action Plan on page 81.
Criteria: 2 CFR 200.313 (d) contains equipment management requirements which include a physical inventory of research funded property and reconciliation with the property records at least once every two years. Condition: A physical inventory of the research funded property must be conducted and the results must be reconciled with the property records at least once every two years. The last physical inventory was conducted in FY2022. Cause: Management did not perform the physical inventory in FY2023 or FY2024 of the research funded property due to timing constraints. Management’s process includes other procedures such as an internal fixed asset confirmation over equipment and real property, however such procedures are not comprehensive or at a sufficient level of detail to meet the compliance requirement. Effect: Not performing the physical inventory could result in an inaccurate record of assets purchased with federal funds. Questioned Costs: None; Reccomendation: Management should ensure the physical inventory is scheduled early in the two year cycle to ensure completeness within the required two year timeframe. Managements's View and Corrective Action Plan: Management agrees with the finding. Refer to the Management Corrective Action Plan on page 81.
Criteria: 2 CFR 200.313 (d) contains equipment management requirements which include a physical inventory of research funded property and reconciliation with the property records at least once every two years. Condition: A physical inventory of the research funded property must be conducted and the results must be reconciled with the property records at least once every two years. The last physical inventory was conducted in FY2022. Cause: Management did not perform the physical inventory in FY2023 or FY2024 of the research funded property due to timing constraints. Management’s process includes other procedures such as an internal fixed asset confirmation over equipment and real property, however such procedures are not comprehensive or at a sufficient level of detail to meet the compliance requirement. Effect: Not performing the physical inventory could result in an inaccurate record of assets purchased with federal funds. Questioned Costs: None; Reccomendation: Management should ensure the physical inventory is scheduled early in the two year cycle to ensure completeness within the required two year timeframe. Managements's View and Corrective Action Plan: Management agrees with the finding. Refer to the Management Corrective Action Plan on page 81.
Criteria: 2 CFR 200.313 (d) contains equipment management requirements which include a physical inventory of research funded property and reconciliation with the property records at least once every two years. Condition: A physical inventory of the research funded property must be conducted and the results must be reconciled with the property records at least once every two years. The last physical inventory was conducted in FY2022. Cause: Management did not perform the physical inventory in FY2023 or FY2024 of the research funded property due to timing constraints. Management’s process includes other procedures such as an internal fixed asset confirmation over equipment and real property, however such procedures are not comprehensive or at a sufficient level of detail to meet the compliance requirement. Effect: Not performing the physical inventory could result in an inaccurate record of assets purchased with federal funds. Questioned Costs: None; Reccomendation: Management should ensure the physical inventory is scheduled early in the two year cycle to ensure completeness within the required two year timeframe. Managements's View and Corrective Action Plan: Management agrees with the finding. Refer to the Management Corrective Action Plan on page 81.
Criteria: 2 CFR 200.313 (d) contains equipment management requirements which include a physical inventory of research funded property and reconciliation with the property records at least once every two years. Condition: A physical inventory of the research funded property must be conducted and the results must be reconciled with the property records at least once every two years. The last physical inventory was conducted in FY2022. Cause: Management did not perform the physical inventory in FY2023 or FY2024 of the research funded property due to timing constraints. Management’s process includes other procedures such as an internal fixed asset confirmation over equipment and real property, however such procedures are not comprehensive or at a sufficient level of detail to meet the compliance requirement. Effect: Not performing the physical inventory could result in an inaccurate record of assets purchased with federal funds. Questioned Costs: None; Reccomendation: Management should ensure the physical inventory is scheduled early in the two year cycle to ensure completeness within the required two year timeframe. Managements's View and Corrective Action Plan: Management agrees with the finding. Refer to the Management Corrective Action Plan on page 81.
Criteria: 2 CFR 200.313 (d) contains equipment management requirements which include a physical inventory of research funded property and reconciliation with the property records at least once every two years. Condition: A physical inventory of the research funded property must be conducted and the results must be reconciled with the property records at least once every two years. The last physical inventory was conducted in FY2022. Cause: Management did not perform the physical inventory in FY2023 or FY2024 of the research funded property due to timing constraints. Management’s process includes other procedures such as an internal fixed asset confirmation over equipment and real property, however such procedures are not comprehensive or at a sufficient level of detail to meet the compliance requirement. Effect: Not performing the physical inventory could result in an inaccurate record of assets purchased with federal funds. Questioned Costs: None; Reccomendation: Management should ensure the physical inventory is scheduled early in the two year cycle to ensure completeness within the required two year timeframe. Managements's View and Corrective Action Plan: Management agrees with the finding. Refer to the Management Corrective Action Plan on page 81.
Criteria: 2 CFR 200.313 (d) contains equipment management requirements which include a physical inventory of research funded property and reconciliation with the property records at least once every two years. Condition: A physical inventory of the research funded property must be conducted and the results must be reconciled with the property records at least once every two years. The last physical inventory was conducted in FY2022. Cause: Management did not perform the physical inventory in FY2023 or FY2024 of the research funded property due to timing constraints. Management’s process includes other procedures such as an internal fixed asset confirmation over equipment and real property, however such procedures are not comprehensive or at a sufficient level of detail to meet the compliance requirement. Effect: Not performing the physical inventory could result in an inaccurate record of assets purchased with federal funds. Questioned Costs: None; Reccomendation: Management should ensure the physical inventory is scheduled early in the two year cycle to ensure completeness within the required two year timeframe. Managements's View and Corrective Action Plan: Management agrees with the finding. Refer to the Management Corrective Action Plan on page 81.
Criteria: 2 CFR 200.313 (d) contains equipment management requirements which include a physical inventory of research funded property and reconciliation with the property records at least once every two years. Condition: A physical inventory of the research funded property must be conducted and the results must be reconciled with the property records at least once every two years. The last physical inventory was conducted in FY2022. Cause: Management did not perform the physical inventory in FY2023 or FY2024 of the research funded property due to timing constraints. Management’s process includes other procedures such as an internal fixed asset confirmation over equipment and real property, however such procedures are not comprehensive or at a sufficient level of detail to meet the compliance requirement. Effect: Not performing the physical inventory could result in an inaccurate record of assets purchased with federal funds. Questioned Costs: None; Reccomendation: Management should ensure the physical inventory is scheduled early in the two year cycle to ensure completeness within the required two year timeframe. Managements's View and Corrective Action Plan: Management agrees with the finding. Refer to the Management Corrective Action Plan on page 81.
Criteria: 2 CFR 200.313 (d) contains equipment management requirements which include a physical inventory of research funded property and reconciliation with the property records at least once every two years. Condition: A physical inventory of the research funded property must be conducted and the results must be reconciled with the property records at least once every two years. The last physical inventory was conducted in FY2022. Cause: Management did not perform the physical inventory in FY2023 or FY2024 of the research funded property due to timing constraints. Management’s process includes other procedures such as an internal fixed asset confirmation over equipment and real property, however such procedures are not comprehensive or at a sufficient level of detail to meet the compliance requirement. Effect: Not performing the physical inventory could result in an inaccurate record of assets purchased with federal funds. Questioned Costs: None; Reccomendation: Management should ensure the physical inventory is scheduled early in the two year cycle to ensure completeness within the required two year timeframe. Managements's View and Corrective Action Plan: Management agrees with the finding. Refer to the Management Corrective Action Plan on page 81.
Criteria: 2 CFR 200.313 (d) contains equipment management requirements which include a physical inventory of research funded property and reconciliation with the property records at least once every two years. Condition: A physical inventory of the research funded property must be conducted and the results must be reconciled with the property records at least once every two years. The last physical inventory was conducted in FY2022. Cause: Management did not perform the physical inventory in FY2023 or FY2024 of the research funded property due to timing constraints. Management’s process includes other procedures such as an internal fixed asset confirmation over equipment and real property, however such procedures are not comprehensive or at a sufficient level of detail to meet the compliance requirement. Effect: Not performing the physical inventory could result in an inaccurate record of assets purchased with federal funds. Questioned Costs: None; Reccomendation: Management should ensure the physical inventory is scheduled early in the two year cycle to ensure completeness within the required two year timeframe. Managements's View and Corrective Action Plan: Management agrees with the finding. Refer to the Management Corrective Action Plan on page 81.
Criteria: 2 CFR 200.313 (d) contains equipment management requirements which include a physical inventory of research funded property and reconciliation with the property records at least once every two years. Condition: A physical inventory of the research funded property must be conducted and the results must be reconciled with the property records at least once every two years. The last physical inventory was conducted in FY2022. Cause: Management did not perform the physical inventory in FY2023 or FY2024 of the research funded property due to timing constraints. Management’s process includes other procedures such as an internal fixed asset confirmation over equipment and real property, however such procedures are not comprehensive or at a sufficient level of detail to meet the compliance requirement. Effect: Not performing the physical inventory could result in an inaccurate record of assets purchased with federal funds. Questioned Costs: None; Reccomendation: Management should ensure the physical inventory is scheduled early in the two year cycle to ensure completeness within the required two year timeframe. Managements's View and Corrective Action Plan: Management agrees with the finding. Refer to the Management Corrective Action Plan on page 81.
Criteria: 2 CFR 200.313 (d) contains equipment management requirements which include a physical inventory of research funded property and reconciliation with the property records at least once every two years. Condition: A physical inventory of the research funded property must be conducted and the results must be reconciled with the property records at least once every two years. The last physical inventory was conducted in FY2022. Cause: Management did not perform the physical inventory in FY2023 or FY2024 of the research funded property due to timing constraints. Management’s process includes other procedures such as an internal fixed asset confirmation over equipment and real property, however such procedures are not comprehensive or at a sufficient level of detail to meet the compliance requirement. Effect: Not performing the physical inventory could result in an inaccurate record of assets purchased with federal funds. Questioned Costs: None; Reccomendation: Management should ensure the physical inventory is scheduled early in the two year cycle to ensure completeness within the required two year timeframe. Managements's View and Corrective Action Plan: Management agrees with the finding. Refer to the Management Corrective Action Plan on page 81.
Criteria: 2 CFR 200.313 (d) contains equipment management requirements which include a physical inventory of research funded property and reconciliation with the property records at least once every two years. Condition: A physical inventory of the research funded property must be conducted and the results must be reconciled with the property records at least once every two years. The last physical inventory was conducted in FY2022. Cause: Management did not perform the physical inventory in FY2023 or FY2024 of the research funded property due to timing constraints. Management’s process includes other procedures such as an internal fixed asset confirmation over equipment and real property, however such procedures are not comprehensive or at a sufficient level of detail to meet the compliance requirement. Effect: Not performing the physical inventory could result in an inaccurate record of assets purchased with federal funds. Questioned Costs: None; Reccomendation: Management should ensure the physical inventory is scheduled early in the two year cycle to ensure completeness within the required two year timeframe. Managements's View and Corrective Action Plan: Management agrees with the finding. Refer to the Management Corrective Action Plan on page 81.
Criteria: 2 CFR 200.313 (d) contains equipment management requirements which include a physical inventory of research funded property and reconciliation with the property records at least once every two years. Condition: A physical inventory of the research funded property must be conducted and the results must be reconciled with the property records at least once every two years. The last physical inventory was conducted in FY2022. Cause: Management did not perform the physical inventory in FY2023 or FY2024 of the research funded property due to timing constraints. Management’s process includes other procedures such as an internal fixed asset confirmation over equipment and real property, however such procedures are not comprehensive or at a sufficient level of detail to meet the compliance requirement. Effect: Not performing the physical inventory could result in an inaccurate record of assets purchased with federal funds. Questioned Costs: None; Reccomendation: Management should ensure the physical inventory is scheduled early in the two year cycle to ensure completeness within the required two year timeframe. Managements's View and Corrective Action Plan: Management agrees with the finding. Refer to the Management Corrective Action Plan on page 81.
Criteria: 2 CFR 200.313 (d) contains equipment management requirements which include a physical inventory of research funded property and reconciliation with the property records at least once every two years. Condition: A physical inventory of the research funded property must be conducted and the results must be reconciled with the property records at least once every two years. The last physical inventory was conducted in FY2022. Cause: Management did not perform the physical inventory in FY2023 or FY2024 of the research funded property due to timing constraints. Management’s process includes other procedures such as an internal fixed asset confirmation over equipment and real property, however such procedures are not comprehensive or at a sufficient level of detail to meet the compliance requirement. Effect: Not performing the physical inventory could result in an inaccurate record of assets purchased with federal funds. Questioned Costs: None; Reccomendation: Management should ensure the physical inventory is scheduled early in the two year cycle to ensure completeness within the required two year timeframe. Managements's View and Corrective Action Plan: Management agrees with the finding. Refer to the Management Corrective Action Plan on page 81.
Criteria: 2 CFR 200.313 (d) contains equipment management requirements which include a physical inventory of research funded property and reconciliation with the property records at least once every two years. Condition: A physical inventory of the research funded property must be conducted and the results must be reconciled with the property records at least once every two years. The last physical inventory was conducted in FY2022. Cause: Management did not perform the physical inventory in FY2023 or FY2024 of the research funded property due to timing constraints. Management’s process includes other procedures such as an internal fixed asset confirmation over equipment and real property, however such procedures are not comprehensive or at a sufficient level of detail to meet the compliance requirement. Effect: Not performing the physical inventory could result in an inaccurate record of assets purchased with federal funds. Questioned Costs: None; Reccomendation: Management should ensure the physical inventory is scheduled early in the two year cycle to ensure completeness within the required two year timeframe. Managements's View and Corrective Action Plan: Management agrees with the finding. Refer to the Management Corrective Action Plan on page 81.
Criteria: 2 CFR 200.313 (d) contains equipment management requirements which include a physical inventory of research funded property and reconciliation with the property records at least once every two years. Condition: A physical inventory of the research funded property must be conducted and the results must be reconciled with the property records at least once every two years. The last physical inventory was conducted in FY2022. Cause: Management did not perform the physical inventory in FY2023 or FY2024 of the research funded property due to timing constraints. Management’s process includes other procedures such as an internal fixed asset confirmation over equipment and real property, however such procedures are not comprehensive or at a sufficient level of detail to meet the compliance requirement. Effect: Not performing the physical inventory could result in an inaccurate record of assets purchased with federal funds. Questioned Costs: None; Reccomendation: Management should ensure the physical inventory is scheduled early in the two year cycle to ensure completeness within the required two year timeframe. Managements's View and Corrective Action Plan: Management agrees with the finding. Refer to the Management Corrective Action Plan on page 81.
Criteria: 2 CFR 200.313 (d) contains equipment management requirements which include a physical inventory of research funded property and reconciliation with the property records at least once every two years. Condition: A physical inventory of the research funded property must be conducted and the results must be reconciled with the property records at least once every two years. The last physical inventory was conducted in FY2022. Cause: Management did not perform the physical inventory in FY2023 or FY2024 of the research funded property due to timing constraints. Management’s process includes other procedures such as an internal fixed asset confirmation over equipment and real property, however such procedures are not comprehensive or at a sufficient level of detail to meet the compliance requirement. Effect: Not performing the physical inventory could result in an inaccurate record of assets purchased with federal funds. Questioned Costs: None; Reccomendation: Management should ensure the physical inventory is scheduled early in the two year cycle to ensure completeness within the required two year timeframe. Managements's View and Corrective Action Plan: Management agrees with the finding. Refer to the Management Corrective Action Plan on page 81.
Criteria: 2 CFR 200.313 (d) contains equipment management requirements which include a physical inventory of research funded property and reconciliation with the property records at least once every two years. Condition: A physical inventory of the research funded property must be conducted and the results must be reconciled with the property records at least once every two years. The last physical inventory was conducted in FY2022. Cause: Management did not perform the physical inventory in FY2023 or FY2024 of the research funded property due to timing constraints. Management’s process includes other procedures such as an internal fixed asset confirmation over equipment and real property, however such procedures are not comprehensive or at a sufficient level of detail to meet the compliance requirement. Effect: Not performing the physical inventory could result in an inaccurate record of assets purchased with federal funds. Questioned Costs: None; Reccomendation: Management should ensure the physical inventory is scheduled early in the two year cycle to ensure completeness within the required two year timeframe. Managements's View and Corrective Action Plan: Management agrees with the finding. Refer to the Management Corrective Action Plan on page 81.
Criteria: 2 CFR 200.313 (d) contains equipment management requirements which include a physical inventory of research funded property and reconciliation with the property records at least once every two years. Condition: A physical inventory of the research funded property must be conducted and the results must be reconciled with the property records at least once every two years. The last physical inventory was conducted in FY2022. Cause: Management did not perform the physical inventory in FY2023 or FY2024 of the research funded property due to timing constraints. Management’s process includes other procedures such as an internal fixed asset confirmation over equipment and real property, however such procedures are not comprehensive or at a sufficient level of detail to meet the compliance requirement. Effect: Not performing the physical inventory could result in an inaccurate record of assets purchased with federal funds. Questioned Costs: None; Reccomendation: Management should ensure the physical inventory is scheduled early in the two year cycle to ensure completeness within the required two year timeframe. Managements's View and Corrective Action Plan: Management agrees with the finding. Refer to the Management Corrective Action Plan on page 81.
Criteria: 2 CFR 200.313 (d) contains equipment management requirements which include a physical inventory of research funded property and reconciliation with the property records at least once every two years. Condition: A physical inventory of the research funded property must be conducted and the results must be reconciled with the property records at least once every two years. The last physical inventory was conducted in FY2022. Cause: Management did not perform the physical inventory in FY2023 or FY2024 of the research funded property due to timing constraints. Management’s process includes other procedures such as an internal fixed asset confirmation over equipment and real property, however such procedures are not comprehensive or at a sufficient level of detail to meet the compliance requirement. Effect: Not performing the physical inventory could result in an inaccurate record of assets purchased with federal funds. Questioned Costs: None; Reccomendation: Management should ensure the physical inventory is scheduled early in the two year cycle to ensure completeness within the required two year timeframe. Managements's View and Corrective Action Plan: Management agrees with the finding. Refer to the Management Corrective Action Plan on page 81.
Criteria: 2 CFR 200.313 (d) contains equipment management requirements which include a physical inventory of research funded property and reconciliation with the property records at least once every two years. Condition: A physical inventory of the research funded property must be conducted and the results must be reconciled with the property records at least once every two years. The last physical inventory was conducted in FY2022. Cause: Management did not perform the physical inventory in FY2023 or FY2024 of the research funded property due to timing constraints. Management’s process includes other procedures such as an internal fixed asset confirmation over equipment and real property, however such procedures are not comprehensive or at a sufficient level of detail to meet the compliance requirement. Effect: Not performing the physical inventory could result in an inaccurate record of assets purchased with federal funds. Questioned Costs: None; Reccomendation: Management should ensure the physical inventory is scheduled early in the two year cycle to ensure completeness within the required two year timeframe. Managements's View and Corrective Action Plan: Management agrees with the finding. Refer to the Management Corrective Action Plan on page 81.
Criteria: 2 CFR 200.313 (d) contains equipment management requirements which include a physical inventory of research funded property and reconciliation with the property records at least once every two years. Condition: A physical inventory of the research funded property must be conducted and the results must be reconciled with the property records at least once every two years. The last physical inventory was conducted in FY2022. Cause: Management did not perform the physical inventory in FY2023 or FY2024 of the research funded property due to timing constraints. Management’s process includes other procedures such as an internal fixed asset confirmation over equipment and real property, however such procedures are not comprehensive or at a sufficient level of detail to meet the compliance requirement. Effect: Not performing the physical inventory could result in an inaccurate record of assets purchased with federal funds. Questioned Costs: None; Reccomendation: Management should ensure the physical inventory is scheduled early in the two year cycle to ensure completeness within the required two year timeframe. Managements's View and Corrective Action Plan: Management agrees with the finding. Refer to the Management Corrective Action Plan on page 81.
Criteria: 2 CFR 200.313 (d) contains equipment management requirements which include a physical inventory of research funded property and reconciliation with the property records at least once every two years. Condition: A physical inventory of the research funded property must be conducted and the results must be reconciled with the property records at least once every two years. The last physical inventory was conducted in FY2022. Cause: Management did not perform the physical inventory in FY2023 or FY2024 of the research funded property due to timing constraints. Management’s process includes other procedures such as an internal fixed asset confirmation over equipment and real property, however such procedures are not comprehensive or at a sufficient level of detail to meet the compliance requirement. Effect: Not performing the physical inventory could result in an inaccurate record of assets purchased with federal funds. Questioned Costs: None; Reccomendation: Management should ensure the physical inventory is scheduled early in the two year cycle to ensure completeness within the required two year timeframe. Managements's View and Corrective Action Plan: Management agrees with the finding. Refer to the Management Corrective Action Plan on page 81.
Criteria: 2 CFR 200.313 (d) contains equipment management requirements which include a physical inventory of research funded property and reconciliation with the property records at least once every two years. Condition: A physical inventory of the research funded property must be conducted and the results must be reconciled with the property records at least once every two years. The last physical inventory was conducted in FY2022. Cause: Management did not perform the physical inventory in FY2023 or FY2024 of the research funded property due to timing constraints. Management’s process includes other procedures such as an internal fixed asset confirmation over equipment and real property, however such procedures are not comprehensive or at a sufficient level of detail to meet the compliance requirement. Effect: Not performing the physical inventory could result in an inaccurate record of assets purchased with federal funds. Questioned Costs: None; Reccomendation: Management should ensure the physical inventory is scheduled early in the two year cycle to ensure completeness within the required two year timeframe. Managements's View and Corrective Action Plan: Management agrees with the finding. Refer to the Management Corrective Action Plan on page 81.
Criteria: 2 CFR 200.313 (d) contains equipment management requirements which include a physical inventory of research funded property and reconciliation with the property records at least once every two years. Condition: A physical inventory of the research funded property must be conducted and the results must be reconciled with the property records at least once every two years. The last physical inventory was conducted in FY2022. Cause: Management did not perform the physical inventory in FY2023 or FY2024 of the research funded property due to timing constraints. Management’s process includes other procedures such as an internal fixed asset confirmation over equipment and real property, however such procedures are not comprehensive or at a sufficient level of detail to meet the compliance requirement. Effect: Not performing the physical inventory could result in an inaccurate record of assets purchased with federal funds. Questioned Costs: None; Reccomendation: Management should ensure the physical inventory is scheduled early in the two year cycle to ensure completeness within the required two year timeframe. Managements's View and Corrective Action Plan: Management agrees with the finding. Refer to the Management Corrective Action Plan on page 81.
Criteria: 2 CFR 200.313 (d) contains equipment management requirements which include a physical inventory of research funded property and reconciliation with the property records at least once every two years. Condition: A physical inventory of the research funded property must be conducted and the results must be reconciled with the property records at least once every two years. The last physical inventory was conducted in FY2022. Cause: Management did not perform the physical inventory in FY2023 or FY2024 of the research funded property due to timing constraints. Management’s process includes other procedures such as an internal fixed asset confirmation over equipment and real property, however such procedures are not comprehensive or at a sufficient level of detail to meet the compliance requirement. Effect: Not performing the physical inventory could result in an inaccurate record of assets purchased with federal funds. Questioned Costs: None; Reccomendation: Management should ensure the physical inventory is scheduled early in the two year cycle to ensure completeness within the required two year timeframe. Managements's View and Corrective Action Plan: Management agrees with the finding. Refer to the Management Corrective Action Plan on page 81.