Core Issue: The Institution lacks adequate procurement policies as required by federal regulations.
Impacted Requirements: Compliance with 2 C.F.R. 200.318 through 200.326 is not being met.
Recommended Follow-up: The Institution should create and enforce the necessary procurement policies to ensure compliance.
Finding Text
FINDING 2022-004: INSUFFICIENT PROCUREMENT POLICY FEDERAL AGENCY: U.S. DEPARTMENT OF EDUCATION PROGRAM NAME: HIGHER EDUCATION EMERFENCY RELIEF FUNDS ALN#: 84.425E & 84.425F FEDERAL AWARD YEAR: 2021-2022 Compliance Requirement: Procurement Suspension & Debarment (I.) Criteria: An Institution must have procurement policies that comply with the compliance requirements included in 2 C.F.R. 200.318 through 200.326. Condition: The Institution failed to implement the required procurement policies. We will qualify our opinion for this attribute. Cause: The condition was caused by administrative oversight. Effect: The result is that the Institution could be expending funds that do not meet the compliance requirements included in 2 C.F.R. 200.318 through 200.326. Question Costs: $0 Recommendation: We recommend the Institution develop and implement the required procurement Views of Responsible Officials: The Institution agrees with the Single Audit Finding and a response is included in the Corrective Action Plan.