Finding 15947 (2022-003)

2022-3 Criteria: The Office of Management and Budget?s (OMB) Uniform Guidance requires a non-federal entity to have certain written policies and procedures in place surrounding the management of their federal awards. Condition: The City has not adopted written policies and procedures related to federal awards as required by the Uniform Guidance. Context: The lack of written controls pertains to all federal awards. Cause: This condition appears to be the result of a time lag in identifying the requirement and developing a plan for compliance. Effect: As a result of this condition, the City may not fully comply with the Uniform Guidance applicable to certain federal awards. Questioned Costs: No costs have been questioned as a result of this finding. Recommendation: We recommend the City adopt the required written policies and procedures required by the Uniform Guidance. Views of Responsible Officials and Planned Corrective Actions: The City understands the concern. The City will review and update the City of Potosi?s procurement policy to add the federal guidelines to comply with Uniform Guidance.