Finding Text
Criteria: Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) requires non-Federal entities receiving Federal funds to have certain written policies, procedures, and standards of conduct (policies) in place. Condition and Context: The Center does not have the written policies in place in accordance with ?200.302 Financial Management paragraph (b)(7). Cause and Effect: As the policies referenced above are not written, the Center cannot be in compliance with the requirements. In addition, lack of written policies related to financial management may lead to noncompliance with allowable costs/cost principles requirements. Recommendation: We recommend the policies in accordance with ?200.302 Financial Management paragraph (b)(7) be written by the Center, approved by the Board of Directors, and included in the permanent files of the Center. Views of Responsible Officials and Planned Corrective Actions: The Center agrees with the recommendation and plans to implement the recommendation by May 31, 2023.