Finding Text
Type of Finding: Significant Deficiency Criteria: The Uniform Guidance-Section F Equipment and Real Property Management and the District's State-Federal Grants Manual (page 57, page 60) states property records must be maintained to include a description of the property, a serial number or other identification number, the source funding for the property (including a Federal Award Identification Number), who holds title, the acquisition date, cost of the property, percentage of Federal participation in the project cost for the Federal award under which the property was acquired, the location, use and condition of the property, and any ultimate disposition data including the date of disposal and sales price of the property (2CFR section 200.313(d)(1)). Condition: The District did not maintain property records that include a description of the property, the acquisition date, cost of the property, percentage of Federal participation in the project cost for the Federal award under which the property was acquired and the location and use of the property. Cause: The District failed to monitor and comply with the requirements of the Uniform Guidance and the District's State-Federal Grants Manual with regard to equipment and real property management. Effect: Due to non-compliance the District would not be able to properly dispose capital assets in compliance with the Federal Regulations. Questioned Cost: None Recommendation: The District should review, monitor and comply with the regulations of the Uniform Guidance- Section F Equipment and Real Property Management and the District's State-Federal Grants Manual with regard to purchasing, maintaining and disposing of capital assets purchased with federal funds. Views of responsible officials and planned corrective action: This information is in the attached Corrective Action Plan.