FAC Explorer

Finding 12440 (2022-001)

Significant Deficiency
Requirement
I
Questioned Costs
-
Year
2022
Accepted
2023-02-22
Audit: 16882
Organization: Cheyenne Regional Airport Board (WY)
Auditor: Carver Florek & James CPAS

AI Summary

  • Core Issue: The Airport lacks a documented procurement policy that meets federal regulations.
  • Impacted Requirements: Non-compliance with 2 CFR 200.318 and 200.303 may lead to improper contract management.
  • Recommended Follow-up: The Airport should adopt and document a compliant procurement policy to ensure adherence to federal standards.

Finding Text

Criteria: Federal regulations 2 CFR 200.318 states that the Airport must use its own documented procurement procedures which reflect applicable State and local laws and regulations, provided that the procurements conform to applicable Federal law and the standards in 2 CFR 200.318 through 200.326. In addition, 2 CFR 200.303 states, the Airport, as a recipient of federal funds, must establish and maintain effective internal controls over its federal awards that provides reasonable assurance that the Airport is managing the federal awards in compliance with federal statutes, regulations, and the award terms and conditions. Condition: During our testing, we noted the Airport had not adopted a procurement policy in compliance with federal regulations as noted in the previous audit. Cause: The Airport has not documented a procurement policy that complies with federal regulations. Effect: Failure to have a documented procurement policy may result in entering into a contract that may not be in compliance with federal standards. Questioned Costs: None noted. Repeat Finding: Yes Recommendation: We recommend that the Airport adopt and document a procurement policy that is in compliance with federal regulations. Response: Please see final page of this report for management?s response as found on the Airport?s letterhead.

Corrective Action Plan

2022-001 Procurement, Suspension, and Debarment In accordance with2022-001 Procurement, Suspension, and Debarment In accordance with 2 CFR 200.318, management will adopt documented procurement procedures that reflect applicable State and local laws and regulations, provided that the procurements conform to applicable Federal law and the standards in 2 CFR 200.318 through 200.326. The Board adopted a procurement policy on January 12, 2023. 2 CFR 200.318, management will adopt documented procurement procedures that reflect applicable State and local laws and regulations, provided that the procurements conform to applicable Federal law and the standards in 2 CFR 200.318 through 200.326. The Board adopted a procurement policy on January 12, 2023.

Categories

Procurement, Suspension & Debarment Internal Control / Segregation of Duties

Other Findings in this Audit

  • 12441 2022-002
    Significant Deficiency
  • 12442 2022-001
    Significant Deficiency
  • 12443 2022-002
    Significant Deficiency
  • 12444 2022-001
    Significant Deficiency
  • 12445 2022-002
    Significant Deficiency
  • 12446 2022-001
    Significant Deficiency
  • 12447 2022-002
    Significant Deficiency
  • 12448 2022-001
    Significant Deficiency
  • 12449 2022-002
    Significant Deficiency
  • 588882 2022-001
    Significant Deficiency
  • 588883 2022-002
    Significant Deficiency
  • 588884 2022-001
    Significant Deficiency
  • 588885 2022-002
    Significant Deficiency
  • 588886 2022-001
    Significant Deficiency
  • 588887 2022-002
    Significant Deficiency
  • 588888 2022-001
    Significant Deficiency
  • 588889 2022-002
    Significant Deficiency
  • 588890 2022-001
    Significant Deficiency
  • 588891 2022-002
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
20.106 Airport Improvement Program $1.08M