FAC Explorer

Finding 570025 (2024-007)

Material Weakness
Requirement
P
Questioned Costs
-
Year
2024
Accepted
2025-07-02
Audit: 361308
Organization: City of Osceola, Iowa (IA)
Auditor: Roof Gerdes Erlbacher Plc

AI Summary

  • Answer: Construction projects over a specified dollar amount must adhere to Iowa's bidding rules.
  • Trend: Compliance with these requirements is essential to avoid potential legal issues and project delays.
  • List: Review project budgets to ensure they meet the threshold and follow Section 26.3 guidelines.

Finding Text

Criteria - The State of Iowa requires that construction projects which exceed a certain dollar amount, as defined by the State, follow the bid criteria as noted at Section 26.3 of the Code of Iowa.

Corrective Action Plan

THIS WILL BE IMPLEMENTED ON FUTURE PROJECTS.

Categories

Procurement, Suspension & Debarment

Other Findings in this Audit

  • 1146467 2024-007
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
20.106 Airport Improvement Program, Infrastructure Investment and Jobs Act Programs, and Covid-19 Airports Programs $618,550
14.871 Section 8 Housing Choice Vouchers $139,090
20.237 Motor Carrier Safety Assistance High Priority Activities Grants and Cooperative Agreements $864