Finding 1114503 (2024-001)

Significant Deficiency
Requirement
I
Questioned Costs
-
Year
2024
Accepted
2025-03-27
Audit: 349093
Organization: Oxbow Center (WY)

AI Summary

  • Core Issue: The Center lacks a written procurement policy, which is required by federal guidelines.
  • Impacted Requirements: This non-compliance could lead to contracts being made without following necessary procurement procedures, risking violations of federal regulations.
  • Recommended Follow-Up: Establish a written procurement policy to ensure adherence to federal guidelines for spending federal funds.

Finding Text

2024-001 Procurement Internal Control Policy – Non Compliance and Significant Deficiency Criteria: The Center should have written internal control policies regarding procurement in accordance with Federal guidelines. Condition: During our testing, we found that the Center does not have a written procurement policy in accordance with Federal guidelines. Cause: Undetermined. Effect: The lack of procurement policy allows for the possibility for the Center to enter into a contract that has not undergone required procurement procedures as described in the compliance supplement and could allow for noncompliance with federal regulations. Recommendation: We recommend that the Center establish a written procurement policy to ensure compliance with federal guidelines when spending federal funds.

Categories

Procurement, Suspension & Debarment Significant Deficiency Internal Control / Segregation of Duties

Other Findings in this Audit

  • 538061 2024-001
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
21.027 Coronavirus State and Local Fiscal Recovery Funds $1.25M