FAC Explorer

Finding 1146467 (2024-007)

Material Weakness
Requirement
P
Questioned Costs
-
Year
2024
Accepted
2025-07-02
Audit: 361308
Organization: City of Osceola, Iowa (IA)
Auditor: Roof Gerdes Erlbacher Plc

AI Summary

  • Answer: Construction projects over a specified dollar amount must adhere to Iowa's bidding rules.
  • Trend: Compliance with these requirements is essential to avoid potential legal issues and project delays.
  • List: Review project budgets to ensure they meet the threshold and follow Section 26.3 guidelines.

Finding Text

Criteria - The State of Iowa requires that construction projects which exceed a certain dollar amount, as defined by the State, follow the bid criteria as noted at Section 26.3 of the Code of Iowa.

Categories

Procurement, Suspension & Debarment

Other Findings in this Audit

  • 570025 2024-007
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
20.106 Airport Improvement Program, Infrastructure Investment and Jobs Act Programs, and Covid-19 Airports Programs $618,550
14.871 Section 8 Housing Choice Vouchers $139,090
20.237 Motor Carrier Safety Assistance High Priority Activities Grants and Cooperative Agreements $864