FAC Explorer

Finding 537304 (2024-001)

- Repeat Finding
Requirement
E
Questioned Costs
-
Year
2024
Accepted
2025-03-26
Audit: 348550
Organization: Winchester School District (NH)
Auditor: Roberts & Greene PLLC

AI Summary

  • Core Issue: The School District has not established necessary procedures for managing equipment bought with federal funds.
  • Impacted Requirements: This oversight violates federal regulation 2 CFR section 200.516(b)(1) regarding equipment management.
  • Recommended Follow-Up: The School District should adopt and implement proper procedures for maintaining records and safeguarding federally acquired equipment, including biennial inventory checks.

Finding Text

Criteria: Per federal regulation 2 CFR section 200.516(b)(1), the School District is required to develop and maintain procedures regarding equipment acquired with federal funds. Condition: The School District has not developed procedures to implement its policies with regard to the inventory and safeguarding of equipment purchased with federal funds. Cause: The School District has not completed the adoption of the required policies. Effect: The School District is not in compliance with the equipment management requirements. Recommendation: We recommend that the School District adopt and implement procedures in accordance with its policies to maintain property records on federally acquired equipment consistent with the required components identified in 2 CFR section 200.516; the safeguarding of such equipment; and perform an inventory of such equipment no less than once every two years. Management’s Response: Management agrees with this finding. The school policy committee will create/review policy.

Corrective Action Plan

School policy committee to create/review a policy under the 2 CRF section 200.516.

Categories

Equipment & Real Property Management Procurement, Suspension & Debarment

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
84.425 Education Stabilization Fund $1.07M
84.010 Title I Grants to Local Educational Agencies $271,556
84.027 Special Education_grants to States $233,305
10.555 National School Lunch Program $150,578
10.553 School Breakfast Program $44,068
84.367 Improving Teacher Quality State Grants $38,026
32.004 Universal Service Fund - Schools and Libraries $37,371
21.027 Coronavirus State and Local Fiscal Recovery Funds $31,604
10.582 Fresh Fruit and Vegetable Program $22,340
84.287 Twenty-First Century Community Learning Centers $17,849
84.358 Rural Education $10,448