Finding Text
INTERNAL CONTROL OVER MAJOR FEDERAL PROGRAM COMPLIANCE Internal Control: Equipment and Real Property Management Compliance Program: Education Stabilizatin Fund CFDA Number: 84.452 Criteria: OMB Uniform Guidance requires the District to establish and maintain effective internal controls to ensure compliance with asset management. Condition: Fedearlly funded asset acquisitions were not properly recorded, identified, and reported in an inventory system. Cause: The district did not implement procedures to inventory, record, and monitor federally funded asset acquisitions. Recommendation: The District should review its policies and procedures for asset inventory management. The District should ensure the policies require asset inventory management to comply with Equipment and Real Property Management compliance requirements. The District should provide training to personnel assigned to the inventory procedures. The District should implement specific inventory procedures to ensure compliance with the requirements. Managements Views: Management's views and Corrective Action Plan are included at the end of this report.