Finding Text
Finding 2024-010 – Procurement (Significant Deficiency and Noncompliance)
Information on the Federal Program: U.S. Department of Education, Higher Education-
Institutional Aid, Assistance Listing No. 84.031
Criteria: 2 CFR 200.317-327 establishes procurement standards for non-federal entities. This
includes different requirements based on the amount of purchases made from the vendor during the
year.
Condition: We selected 7 vendors for procurement testing. Of those 7, it was noted that one
vendor was paid over the micro-purchase threshold and therefore should have obtained price or
rate quotes.
Cause: The College did not obtain price or rate quotes for this vendor that had provided services
for several years.
Effect: The College did not have appropriate documentation.
Questioned Costs: $24,250
Recommendation: We recommend the College strengthen its policies and procedures over
procurement to ensure vendors in the small purchase category are properly procured.
Views of Responsible Officials: See Management’s View and Corrective Action Plan included at
the end of the report.