Finding 1079701 (2023-004)

Finding 2023-004 Significant Deficiency – Internal Controls – EQUIPMENT INVENTORY U.S. Department of Education Passed-through State of Louisiana Department of Education Education Stabilization Fund (COVID-19) Assistance Listing Number 84.425D Program Year 2023 Criteria: In accordance with 2 CFR Part 200.313(d), the School must maintain property records and take physical inventory of property purchased with federal funds. Condition: While the School does maintain property records and perform physical inventory of property annually, 2 of 2 equipment items tested that were purchased with federal funds were not included on Cause: The School did not include all equipment purchased with federal funds on its existing inventory listing. Effect: Equipment purchased with federal funds is not being tracked and appropriately monitored for safeguarding and maintenance as required by federal regulations. Questioned costs: None Recommendation: We recommend that the School review all equipment purchases with federal funds and ensure that all items are included on the inventory listing and, thus, included as part of the annual inventory of property.