Audit Finding Reference: 2022-001 Planned Corrective Action: The Town plans to formalize written policies and procedures related to Federal awards as required under Uninform Guidance. Specifically, there will be formalized written policies regarding cash management, allowable costs, program income/requesting reimbursement, eligibility determination, equipment and real property management, subrecipient monitoring, and period of availability. Additionally, the written policies around procurement will include standards of conduct over conflicts of interest and procedures for evaluating vendors for suspension and debarment. Name of Contact Person: Laurianne Galvin, Acting Finance Director Finance Department 235 North Street North Reading, MA 01864 Phone: 978-357-5224 Email: lgalvin@northreadingma,gov Anticipated Date of Completion: between September 30, 2023 and October 31, 2023. The Town?s Select Board must approve this written policy and approval is dependent upon their meeting schedule, which could be inconsistent during the summer months.