Finding 976580 (2023-001)

Material Weakness
Requirement
I
Questioned Costs
-
Year
2023
Accepted
2024-06-06

AI Summary

  • Core Issue: The Port Authority lacks proper documentation for suspension and debarment checks on new loans, risking compliance with federal assistance program requirements.
  • Impacted Requirements: Compliance with Item 5c. of the Intergovernmental Unit Agreement, which prohibits loans to debarred or suspended parties.
  • Recommended Follow-Up: Re-establish controls by using a tracking checklist and retaining timestamped screenshots from SAM.gov before approving any loans.

Finding Text

Federal agency: U.S. Department of Energy Federal program title: ARRA – State Energy Program Assistance Listing Number: 81.041 Pass-Through Agency: Minnesota Department of Commerce Pass-Through Number(s): CFMS B38838 Award Period: N/A – Revolving Loan Type of Finding: • Material Weakness in Internal Control over Compliance Criteria or specific requirement: Item 5c. of Exhibit A of the State of Minnesota Intergovernmental Unit Agreement with the Port Authority states that in the performance of its duties, the Port shall not make any loan to or contract with any party that is debarred or suspended or is otherwise excluded from or ineligible for participation in Federal assistance programs under Executive Order 12549, “Debarment and Suspension.” Condition: During testing of the suspension and debarment requirements with regards to new loans entered into during the year, it was noted that the formal documentation of proper suspension and debarment procedures was not retained in all cases. Questioned costs: None. Context: Of the five loans that were selected for testing, we noted two which did not contain formal documentation for suspension and debarment procedures. Cause: The Port Authority experienced turnover among personnel that performed and retained documentation of the suspension and debarment checks. Effect: A lack of proper controls related to suspension and debarment could potentially result in issuing a loan to an entity that is debarred or suspended from participation in federal assistance programs and therefore could result in questioned costs incurred. Repeat finding: This is not a repeat finding. Recommendation: We recommend that the Port re-implement its previous controls of using a tracking checklist and retaining timestamped screenshots of SAM.gov prior to funding any State Energy Program loan. Views of responsible officials: There is no disagreement with the audit finding.

Categories

Procurement, Suspension & Debarment

Other Findings in this Audit

  • 400138 2023-001
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
81.041 State Energy Program $3.28M