Finding 1147675 (2024-002)

Material Weakness
Requirement
I
Questioned Costs
-
Year
2024
Accepted
2025-07-14
Audit: 362115
Organization: Great Lakes Energy (MI)
Auditor: Eide Bailly LLP

AI Summary

  • Core Issue: The Cooperative's procurement policy does not meet the standards set by 2 CFR sections 200.318 through 200.326.
  • Impacted Requirements: Compliance with federal procurement standards is essential to avoid risks of non-compliance.
  • Recommended Follow-Up: Management should create a compliant procurement policy and maintain proper documentation to ensure adherence to federal requirements.

Finding Text

Department of the Treasury, Passed through the State of Michigan Federal Financial Assistance Listing 21.029, CPFFN0190, 2024 COVID-19 – Coronavirus Capital Projects Fund Procurement, Suspension, and Debarment Material Weakness in Internal Control Over Compliance Criteria – Uniform Guidance and 2 CFR sections 200.318 through 200.326 set forth the procurement standards non-federal entities other than states must follow when operating federal programs and the procurement procedures required. Condition – In our testing of procurement, suspension, and debarment it was identified that the Cooperative’s written policy did not address the requirements of 2 CFR sections 200.318 through 200.326. Cause – Lack of oversight, awareness, or understanding of all of the specific requirements under the Uniform Guidance and applicable CFR sections, and controls were not adequately designed to ensure compliance with all of these requirements. Effect – A lack of compliant policies increases the overall risk of non-compliance. Questioned Costs – None reported. Context/Sampling – Overall procurement policy. Repeat Finding from Prior Years – No. Recommendation – We recommend that management establish a written policy that is in compliance with all of the procurement requirements for federal programs as identified in 2 CFR sections 200.318 through 200.326 and maintain adequate supporting documentation and records to document history and methods of procurement and the procedures performed to comply with these CFR sections. Views of Responsible Officials – There is no disagreement with the audit finding.

Categories

Procurement, Suspension & Debarment Internal Control / Segregation of Duties

Other Findings in this Audit

  • 571232 2024-001
    Material Weakness
  • 571233 2024-002
    Material Weakness
  • 1147674 2024-001
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
21.029 Coronavirus Capital Projects Fund $11.22M