Finding Text
Finding 2025-003 - Internal control over Major Federal Program Compliance Internal Control: Equipment and Real Property Management Compliance Program: Education Stabilization fund. CFDA Number: 84.425 Criteria: OMB Uniform Guidance requires the district to establish and maintan 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 to inventory, record, and monitor federally funded asset acquisitions as required by 2 CFR 200.313 of Uniform Guidance. Repeat Finding: Yes, prior year Finding 2024-244. Recommendation: The District should review its policies and procedures for asset inventory management. The District should ensure the policies require asset inventory management to 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 of 2 CFR 200.313 of the Uniform Guidance. Management Views: Management's views and Corrective Action Plan are include at the end of this report.