Core Issue: The Trust lacks written policies for allowable costs and procurement, which is required by the Uniform Guidance.
Impacted Requirements: Compliance with the Uniform Guidance regarding allowable costs and procurement policies.
Recommended Follow-Up: The Trust should create and implement written policies to ensure compliance with the Uniform Guidance.
Finding Text
Federal Programs Affected: Agricultural Conservation Easement Program AL#10.931
Compliance Requirements: Activities Allowed or Unallowed, Allowable Costs/Cost Principles, and Procurement and Suspension and Debarment.
Questioned Costs: None
Condition and Cause: The Trust does not have written policies for allowable costs and procurement as required by the Uniform Guidance.
Criteria and Effect: The Uniform Guidance specifically requires entities to maintain a written policy for allowable costs and procurement. Not properly maintaining such policies leads to noncompliance with the Uniform Guidance.
Repeat Finding from Prior Year: No
Recommendation: We recommend the Trust develop written policies in accordance with the Uniform Guidance.
Response/Correction Action Plan: Management is in agreement with the finding. See Correction Action Plan.