Core Issue: There are significant concerns outlined in Finding 2025-004 regarding compliance with federal award requirements.
Impacted Requirements: Key regulations related to federal funding are not being met, which could lead to questioned costs.
Recommended Follow-Up: Review Finding 2025-004 in Section III for specific details and take necessary corrective actions to address the compliance issues.
Finding Text
The details of this finding can be found in Finding 2025-004, included in Section III - Federal Award Findings and Questioned Costs. Please refer to that section for more details.
Corrective Action Plan
Management acknowledged the finding and will ensure all proper approvals are received prior to any withdrawals from the replacement reserve.