Finding Text
Condition: When gaining an understanding of the College's procurement procedures, we noted that the College could not support if there was a documented procurement policy in place during fiscal year 2022. Criteria: Title 2, Subtitle A, Chapter II, Part 200, Subpart D, ?200.318, states that the auditee must have and use documented procurement procedures for the acquisition of property or services required under Federal award or subaward. The non-Federal entity's documented procurement procedures must conform to the procurement standards identified in ?200.317 through ?200.327. Questioned Costs: None Effect: The College does not properly maintain a documented procurement policy in accordance with Title 2, Subtitle A, Chapter II, Part 200, Subpart D, ?200.318. Cause: Inadequate internal control over the existence of a formal procurement policy implemented by the College. Recommendation: We recommend that the College formally adopt a procurement procedures document to ensure the applicable procurement requirements are adhered to and supported. Management's Response: A procurement policy was formally approved by the Board of Trustees of the College on February 23, 2023.