Finding 1152937 (2024-001)

Material Weakness Repeat Finding
Requirement
I
Questioned Costs
-
Year
2024
Accepted
2025-09-15

AI Summary

  • Core Issue: Contracts under federal awards lacked required provisions and verification of vendor status, leading to potential compliance risks.
  • Impacted Requirements: Non-compliance with Title 2 U.S. Code of Federal Regulations Part 200, which mandates specific contract terms and checks for suspended or debarred entities.
  • Recommended Follow-Up: Enhance internal controls to ensure all contracts include necessary provisions and establish procedures for verifying vendor eligibility before transactions.

Finding Text

U.S. Department of the Treasury Passed through the Nevada Housing Division, City of Reno COVID‐19: Coronavirus State and Local Fiscal Recovery Funds, Assistance Listing #21.027 Procurement, Suspension and Debarment Significant Deficiency in Internal Control Over Compliance Grant Award Number: SLFRP0309, SLFRP2634. Criteria: Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) requires contracts contain the applicable provisions described in Appendix II to Part 200 for contracts under federal awards. Non-Federal entities are prohibited from contracting with parties that are suspended or debarred under covered transactions. Condition: Certain applicable provisions described in Appendix II to Part 200 were not included in contracts as required. Procedures were not followed to verify if an entity was suspended or debarred before entering into a covered transaction. Cause: The Foundation did not have adequate internal controls to ensure contracts under federal awards contained all of the applicable provisions or to ensure procedures were followed to verify an entity was not suspended or debarred prior to entering into a covered transaction. Effect: Contractors may not be aware of required terms and conditions. A covered transaction may be entered into with an entity that is suspended or debarred. Questioned Costs: None noted. Context/sampling: A nonstatistical sample of 15 procurement transactions out of a population of 98 was selected for testing, including two contracts totaling $3,500,000 subject to Appendix II to Part 200. Two vendor contracts selected did not contain the applicable provisions required by Appendix II to Part 200 and were missing procedures to verify the vendor was not suspended or debarred. Report Finding from Prior Year: Yes , 2023-003 Recommendation: We recommend the Foundation enhance internal controls to ensure all contracts under federal awards contain the applicable contract provisions and to ensure procedures are followed to verify an entity was not suspended or debarred prior to entering into a covered transaction. Views of Responsible Officials: The Foundation agrees with this finding; see corrective action plan.

Corrective Action Plan

Finding 2024-001 Federal Agency Name: Department of Treasury Assistance Listing Number: 21.027 Program Name: Coronavirus State and Local Fiscal Recovery Funds Finding Summary: The Foundation did not have adequate internal controls to ensure contracts under federal awards contained all of the applicable provisions or to ensure procedures were followed to verify an entity was not suspended or debarred prior to entering into a covered transaction. Corrective Action Plan: The Foundation has procedures in place to verify an entity was not suspended or debarred; however, documentation was not retained of procedures performed. The Foundation will retain evidence of steps taken to verify an entity is not suspended or debarred prior to entering into future covered transactions. Responsible Individuals: Ross Kemper, Controller, and Matt Lazar CFO Anticipated Completion Date: July 2025

Categories

Procurement, Suspension & Debarment

Other Findings in this Audit

  • 1152935 2024-001
    Material Weakness Repeat
  • 1152936 2024-002
    Material Weakness Repeat
  • 1152938 2024-002
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
21.027 Coronavirus State and Local Fiscal Recovery Funds $3.72M
14.218 Community Development Block Grants/entitlement Grants $86,800