Finding Text
2024-006: Federal Procurement Policies
Condition
There are no written procurement policies specific to the federal awards cost principle requirements under Uniform Grant
Guidance. Existing procurement policies are minimal and do not meet federal requirements.
Criteria
Federal award recipients must have written policies, procedures, and standards of conduct as required by 2 CFR 200,
Subparts D and E.
Cause
Certain required policies under 2 CFR 200, Subparts D and E are not present.
Effect
Lack of required policies may create noncompliance with regulations as stated requirements may not be followed.
Recommendation
Develop procurement policies and financial policies that meet federal standards.
Views of Responsible Officials and Planned Corrective Action
The Treasurer drafted a Federal Procurement Policy for consideration in May 2024; however, it was not presented to
Council. Therefore, the Treasurer will get the proposed policy added to the Council’s agenda for consideration and
approval at the next scheduled meeting.