Finding Text
Award recipients are required to establish and maintain internal controls designed to provide reasonable assurance that procurement contracts for goods and services are not entered into with parties that have been suspended or debarred. The federal guidelines set a threshold of $25,000 for this verification. Child Care Resources has adopted a policy that it must re-evaluate all contractors paid in excess of $10,000 on an annual basis to ensure they remain in good standing. Child Care Resources did not re-evaluate contractors in excess of $10,000 during the year ending June 30, 2022.