Finding 1093593 (2018-002)

Material Weakness
Requirement
I
Questioned Costs
-
Year
2018
Accepted
2024-12-30
Audit: 335089
Auditor: One River CPAS

AI Summary

  • Core Issue: The Organization lacks documented procurement policies and procedures, leading to a material weakness in internal controls over compliance with federal requirements.
  • Impacted Requirements: Failure to meet 2 CFR 200 standards for procurement, including competition and contractor selection, which jeopardizes compliance with federal awards.
  • Recommended Follow-Up: Management should familiarize themselves with the Uniform Guidance and provide training for procurement staff, while also creating a financial analyst role to oversee compliance and documentation.

Finding Text

Finding 2018-002 – Lack of Policies/Procedures & Documentation Related to Procurement/Suspension and Debarment (Material Weakness in Internal Controls over Compliance – Federal Program CFDA 10.766/10.780 Community Facilities Loans and Grants Cluster) Criteria: 2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, £200.318 requires that the auditee must have and use documented procurement procedures for the purchase/acquisition of any property or services under a Federal award. These must include written standards of conduct covering conflicts of interest, consideration of the most economical purchase, rationale for the method of procurement, selection of contractors including whether they have been barred from doing business with the federal government, and the basis for the contract price. Also, £200.319 requires all procurement transactions be conducted in a manner that provides full and open competition, and develop specific procurement methods in compliance with £200.320, “Methods of procurement to be followed.” Condition and Context: The Organization has no documented procedures over the procurement process, contractor selection, or established methods in place to assure free and open competition as required by the Procurement Standards contained in the Uniform Guidance. Cause: Lack of understanding relating to the requirements of federal awards and loans considered to be financial assistance under the Uniform Guidance. Effect: Lack of documented controls over the Organization’s procurement process creates a material weakness in internal controls over compliance. Questioned Costs: None Recommendation: Management should become familiar with the Uniform Guidance, and in particular, the application section on Procurement, and seek additional training for those staff involved in all phases of the procurement process. Views of Responsible Officials and Planned Corrective Actions: We are creating a job description for a financial analyst. Part of this role will be to implement the recommendation, including development of bid specifications, participation in the selection of supplies and contractors, and monitoring/documenting results.

Categories

Procurement, Suspension & Debarment

Other Findings in this Audit

  • 517150 2018-001
    Material Weakness
  • 517151 2018-002
    Material Weakness
  • 517152 2018-003
    Material Weakness
  • 1093592 2018-001
    Material Weakness
  • 1093594 2018-003
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
10.766 Community Facilities Loans and Grants $1.65M
10.855 Distance Learning and Telemedicine Loans and Grants $40,696