Finding 626441 (2022-001)

Finding: 2022-001 Repeat Finding: No Type: Significant Deficiency Programs Affected AL 84.425 ? U.S. Department of Education ? Education Stabilization Fund Criteria Procurement standards for the College are identified in 2 CFR Section 200.318 through 200.327. To effectively communicate and maintain compliance with the regulations the College should have formal written procedures that address the compliance requirements for procurement. Effect: Without a properly documented policy the College lacks the effective method to communicate procedures to comply with the procurement standard. Condition The College does not have a formal written procurement policy that addresses the specific requirements of 2 CFR Section 200.318 through 200.327. Questioned Cost None Recommendation The College should formalize a policy for the procurements requirements. Views of Responsible Officials and Corrective Action Plan The College agrees with the finding.