Finding Text
Finding number: 2022-007 This finding is: New Federal Program Name and Year: Education Stabilization Fund 2022 Project No.: 2022-4998 CFDA No.: 84.425 Passed through: Illinois State Board of Education Federal Agency: United States Department of Education Criteria: The District is responsible for keeping accurate and up-to-date inventory listings of equipment purchased with federal funds. Condition: The District did not keep readily available accurate equipment inventory listings to remain compliant with the Equipment Real Property Management compliance requirements. Questioned Costs: This section is not applicable to this specific finding. The equipment purchased with federal funds were allowable costs. This finding relates to the administrative details of compliance. Context: The District did not provide equipment inventory listings that accurately encompassed all pieces of equipment charged to capital outlay on the grants. Effect: The District is not in compliance with the Equipment Real Property Management compliance requirements. Cause: The District did not properly report all equipment on the provided equipment inventory listings. Recommendation: We recommend the District update the inventory listings each time a piece of equipment is purchased with federal grant funds. Management's Response: The District will ensure accurate equipment inventory listings are kept for each federal grant.