Finding 522374 (2024-004)

#2024-004 FINDING: Written Uniform Guidance Policies Federal Programs Affected: Agricultural Conservation Easement Program AL#10.931 Compliance Requirements: Activities Allowed or Unallowed, Allowable Costs/Cost Principles, and Procurement and Suspension and Debarment. Questioned Costs: None Condition and Cause: The Trust does not have written policies for allowable costs and procurement as required by the Uniform Guidance. Criteria and Effect: The Uniform Guidance specifically requires entities to maintain a written policy for allowable costs and procurement. Not properly maintaining such policies leads to noncompliance with the Uniform Guidance. Repeat Finding from Prior Year: Yes, #2023-004 Recommendation: We recommend the Trust develop written policies in accordance with the Uniform Guidance. Response/Correction Action Plan: Management is in agreement with the finding. See Correction Action Plan.