FAC Explorer

Finding 29872 (2022-001)

Significant Deficiency
Requirement
F
Questioned Costs
-
Year
2022
Accepted
2022-12-19
Audit: 32263
Organization: Occidental College (CA)
Auditor: Moss Adams LLP

AI Summary

  • Core Issue: The College failed to conduct a required physical inventory of federally funded equipment and real property within the two-year timeframe.
  • Impacted Requirements: Compliance with 2 CFR section 200.313(d)(2) regarding physical inventory management.
  • Recommended Follow-Up: Implement a policy to ensure annual monitoring and conduct of physical inventories for federally acquired assets.

Finding Text

FINDING 2022-001 ? Equipment and Real Property Management ? Significant Deficiency in Internal Controls and Instance of Non-Compliance "See Schedule of Findings and Questioned Costs for chart/table" Criteria: An institution must conduct a physical inventory of equipment and real property at least once every two years with results reconciled with the equipment records (2 CFR section 200.313(d)(2)). Condition/Context: In testing equipment and real property management, we requested from management support for their conduction of a physical inventory of equipment and real property acquired with federal funds. We noted management was unable to produce such records, as a physical inventory of federal equipment and real property had not been conducted within the required two-year period. Cause: There was a lapse in internal controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. Effect: The College did not timely conduct their physical inventory of equipment and real property acquired with federal funds within the two-year period. Repeat Finding: This is not a repeat finding. Recommendation: We recommend the College implement a policy to monitor the physical inventory of equipment and real property acquired with federal funds at least once during each two-year period. Views of responsible officials: Management agrees there was a lapse in controls surrounding monitoring the physical inventory of equipment and real property acquired with federal funds. New and revised controls will be implemented to ensure a physical inventory of federally acquired equipment and real property is conducted within the required two-year period. These controls include performing this physical inventory at least annually to ensure the two-year requirement is met.

Categories

Equipment & Real Property Management

Other Findings in this Audit

  • 29838 2022-001
    Significant Deficiency
  • 29839 2022-001
    Significant Deficiency
  • 29840 2022-001
    Significant Deficiency
  • 29841 2022-001
    Significant Deficiency
  • 29842 2022-001
    Significant Deficiency
  • 29843 2022-001
    Significant Deficiency
  • 29844 2022-001
    Significant Deficiency
  • 29845 2022-001
    Significant Deficiency
  • 29846 2022-001
    Significant Deficiency
  • 29847 2022-001
    Significant Deficiency
  • 29848 2022-001
    Significant Deficiency
  • 29849 2022-001
    Significant Deficiency
  • 29850 2022-001
    Significant Deficiency
  • 29851 2022-001
    Significant Deficiency
  • 29852 2022-001
    Significant Deficiency
  • 29853 2022-001
    Significant Deficiency
  • 29854 2022-001
    Significant Deficiency
  • 29855 2022-001
    Significant Deficiency
  • 29856 2022-001
    Significant Deficiency
  • 29857 2022-001
    Significant Deficiency
  • 29858 2022-001
    Significant Deficiency
  • 29859 2022-001
    Significant Deficiency
  • 29860 2022-001
    Significant Deficiency
  • 29861 2022-001
    Significant Deficiency
  • 29862 2022-001
    Significant Deficiency
  • 29863 2022-001
    Significant Deficiency
  • 29864 2022-001
    Significant Deficiency
  • 29865 2022-001
    Significant Deficiency
  • 29866 2022-001
    Significant Deficiency
  • 29867 2022-001
    Significant Deficiency
  • 29868 2022-001
    Significant Deficiency
  • 29869 2022-001
    Significant Deficiency
  • 29870 2022-001
    Significant Deficiency
  • 29871 2022-001
    Significant Deficiency
  • 606280 2022-001
    Significant Deficiency
  • 606281 2022-001
    Significant Deficiency
  • 606282 2022-001
    Significant Deficiency
  • 606283 2022-001
    Significant Deficiency
  • 606284 2022-001
    Significant Deficiency
  • 606285 2022-001
    Significant Deficiency
  • 606286 2022-001
    Significant Deficiency
  • 606287 2022-001
    Significant Deficiency
  • 606288 2022-001
    Significant Deficiency
  • 606289 2022-001
    Significant Deficiency
  • 606290 2022-001
    Significant Deficiency
  • 606291 2022-001
    Significant Deficiency
  • 606292 2022-001
    Significant Deficiency
  • 606293 2022-001
    Significant Deficiency
  • 606294 2022-001
    Significant Deficiency
  • 606295 2022-001
    Significant Deficiency
  • 606296 2022-001
    Significant Deficiency
  • 606297 2022-001
    Significant Deficiency
  • 606298 2022-001
    Significant Deficiency
  • 606299 2022-001
    Significant Deficiency
  • 606300 2022-001
    Significant Deficiency
  • 606301 2022-001
    Significant Deficiency
  • 606302 2022-001
    Significant Deficiency
  • 606303 2022-001
    Significant Deficiency
  • 606304 2022-001
    Significant Deficiency
  • 606305 2022-001
    Significant Deficiency
  • 606306 2022-001
    Significant Deficiency
  • 606307 2022-001
    Significant Deficiency
  • 606308 2022-001
    Significant Deficiency
  • 606309 2022-001
    Significant Deficiency
  • 606310 2022-001
    Significant Deficiency
  • 606311 2022-001
    Significant Deficiency
  • 606312 2022-001
    Significant Deficiency
  • 606313 2022-001
    Significant Deficiency
  • 606314 2022-001
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $7.84M
84.038 Federal Perkins Loan Program (beginning of the Year) $2.56M
84.425 Covid-19 Educational Stabilization Fund $2.24M
84.063 Federal Pell Grant Program $1.69M
84.047 Trio_upward Bound $679,874
84.007 Federal Supplemental Educational Opportunity Grants $402,031
84.033 Federal Work-Study Program $315,448
84.334 Gaining Early Awareness and Readiness for Undergraduate Programs (gear Up 4 La) $265,944
47.049 Center for Undergraduate Research-Mathematics $216,939
47.074 Career: Integrating Undergraduate Research, Citizen Science, and Museum Genomics to Explore A Century of Change in North American Birds $188,740
47.075 Rui: Sts: Race, Immigration, and the Public Understanding of Science $144,482
15.423 The Environmental Status of Artificial Structures Offshore California $109,844
47.050 Mri: Acquisition of A Malvern Particle Size Analyzer for Interdisciplinary Research and Undergraduate Education and Research Training $109,778
15.423 Supplemental Data Regarding the Behavioral Response of Rock Crabs to the Emf of Subsea Cables and Potential Impact to Fisheries $105,098
93.867 Electromechanical Cornea Reshaping for Refractive Vision Therapy $101,589
10.170 Growing Together: Building Sustainable School Gardens in Los Angeles $100,934
43.U01 Converting Co2 to Gasoline Fuel Using Carbon Nanotube Platform $97,224
11.463 Subtidal Reef Restoration (ca) - II $94,136
93.859 Photocatalyzed & Enantioselective Umpolung C-C Bond Forming Reactions of Carbonyls $93,248
47.074 Digitization Pen: Obird: 3d Photogrammetry of Museum Specimens for Phenomics Across the Avian Tree of Life $93,151
12.900 2020 Startalk-Occidental College $88,599
10.310 Los Angeles Urban Agriculture Internship Program $86,583
84.367 Every Student Succeeds Act 2021 (csmp Essa21) $80,000
47.074 Rui: Csbr: Natural History: Securing and Digitizing An Extensive Spatio-Temporal Collection of Southern California's Marine Biodiversity $75,655
12.300 Safety Zone Kelp Monitoring at San Clemente Island $65,622
47.049 Geometric and Semantic Structures for Two and Three-Dimensional Shape Understanding $62,550
47.074 Rui: Marine Vampire Microbiome Project (mvp) Blood-Feeding Marine Invertebrates and Their Bacterial Accomplices $47,308
43.U01 Star Cluster Populations of Interacting Dwarf Galaxies $45,782
47.049 Rui: Development of Dianionic Enolates for the Stereoselective Synthesis of Natural and Unnatural Amino Acids $45,375
47.049 Reu Site: Data Science, Number Theory, and Positional Game Theory $43,891
47.050 Rui: Collaborative Research: Understanding Bioerosion From Individuals to Ecosystems: the Impacts of Biotic and Abiotic Stressors on Sponge Erosion of Oyster Reefs $43,791
47.049 Mri: Acquisition of A 400 Mhz Nmr Spectrometer for Undergraduate Research and Teaching in Chemistry $35,875
93.859 Quantitative Afm Investigations of Adhesion of A Planktonic Bacterial Predator to Biofilm Prey $32,748
47.070 Mri: Acquisition of A High-Performance Computing Cluster for Occidental College $31,576
47.050 Rui: Collaborative Research: Quantifying the Roles of Tectonic Activity and Climate As Drivers of Glacial-Interglacial Landscape Evolution in the Teton Range, Wyoming $22,774
47.049 Rui-Che: Development of Organometallic Complexes for the Next-Generation of Non-Aqueous Redox Flow Batteries $22,351
47.074 Collaborative Research: Rui: Keystone Molecules and Estarine Foodwebs: Chemical Defense and A Noval Biosynthetic Pathway in A Common Mudflat Mullusc $18,675
47.076 Cosmos: Creating Opportunities in Science and Mathematics for Occidental Students $17,172
47.049 National Research Experience for Undergraduates Program (nreup) $17,011
47.049 The Role of Dwarf-Dwarf Galaxy Interactions Over Cosmic Time $14,968
47.076 Creating Opportunities for High-Achieving Students in Science and Mathematics Through Scholarships, Research Experiences, Leadership and Community $11,312
47.074 Mri: Launching An Undergraduate-Driven Genomics Center Through Acquisition of An Illumina Miseq $8,596
10.559 Summer Food Service Program for Children $8,444
47.050 Rui: Collaborative Research: Timing of Slip Along the Sierra Nevada Frontal Fault Zone, California: A Thermochronologic Study $6,377
20.701 Displacement and Commuting in the San Francisco Bay Area and Beyond: An Analysis of the Relationship Between the Housing Crisis, Displacement, and Long Commutes $4,785
43.U01 Accelerated Aging Study for Reagents Used on Space Exploration $3,346
20.701 Commuting During and After Covid-19: the Impact of Covid on Shared Mobility and Extreme Commuting in the Bay Area-Central Valley $2,368
47.050 Pleistocene Paleointensity Record of Aleutian Island Volcanics $1,551