Personnel Responsible for Corrective Action:
Policies and procedures will be supervised by Senior Accounting Specialist, Laura Froese, Facilities Operations Manager, Tiffany Durr, Grants Specialist, Westen Gehring
Anticipated Completion Date: Equipment inventory listing of federally covered purchases will be completed by July 1, 2024 and reflected in the 2024 audit. Integration into Limble will start this fiscal year, but full installation of the new system has an anticipated completion date of January 1, 2025. Corrective Action Plan:
The Land Institute will review grant expenses in the previous years and cross reference with existing equipment inventory to create a complete listing of equipment purchased with federal funds. Documentation demonstrating proper equipment procurement practices will be housed in the federal award folders for the grant covering the purchase cost. Additionally, The Land Institute is currently modernizing equipment tracking and inventory practices using Limble and will ensure that federal procurement tracking in compliance with uniform guidance standards is included in this practice. TLI purchased Limble on 10/20/2023 after a competitive review of similar CMMS’s (Computerized Maintenance Management Systems). Setup of the system will be completed by June 30, 2024. Beginning July 1, 2024 TLI will start implementation and training of new system with full adoption of the system tentatively planned for January 1, 2025.