Finding 1169561 (2023-003)

Internal Control over Major Federal Program Compliance Internal Control: Equipment and Real Property Management Compliance Program: Education Stabliization Fund CFDA Number: 84.425 Criteria: OMB Uniform Guidance requires the District to establish and maintain effective internal controls to ensure compliance with asset management. Condition: Federally funded asset acquisitions were not properly recorded, identified, and reported in an inventory system. Cause: The District did not implement procedures ti 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 policies require asset inventory management 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. Management Views: Management's views and Corrective Action Plan are included at the end of this report.