Finding Text
Equipment and Real Property Management
Information on Federal Program: U.S. Department of Education, Education Stabilization
Funds (Federal Assistance Listing numbers 84.425D, 84.425U, 84.425W), Passed
through the New York State Education Department.
Criteria: 2 CFR Section 200.313(d) requires property records to be maintained including
a description of the property, a serial number or other identification number, the source of
funding for the property, who holds title, the acquisition date, cost of the property,
percentage of federal participation in project costs, the location, use and condition of the
property, and any ultimate disposition data. Additionally, it requires a physical inventory
of the property be taken and results reconciled with the property records at least every
two years.
Statement of Condition: Record of equipment purchased under the federal program was
not maintained in accordance with 2 CFR Section 200.313(d). Statement of Cause: The district was not aware of the requirements.
Statement of Effect: The District is not in compliance with 2 CFR Section 200.313(d) and
could fail to follow related disposition requirements.
Questioned Cost: None.
Repeat Finding: No
Recommendation: We recommend the District review the above referenced requirements
and implement procedures to ensure the District complies with relevant compliance
requirements.
Views of the Responsible Officials and Planned Corrective Actions: The District has
contracted with Questar III BOCES for a complete fix asset inventory which will include
the record management of the fixed assets.