PROPHETSTOWN-LYNDON-TAMPICO COMMUNITY UNIT SCHOOL DISTRICT NO. 3Local Government

Federal Program Name and Year: Education Stabilization Fund - 2021 Project No.: 20-4998-ER & 21-4998-E2 CFDA No.: 84.425D Passed Through: ISBE Federal Agency: U.S. Department of Education Criteria or specific requirement (including Statutory, Regulatory, or Other Citation): The Code of Federal Regulations (CFR) Title 2, part 200.313(d) states that the non-federal entity must maintain property records that include a description of the property, a serial number or other identification number, the source of funding who holds title, the acquisition date, the cost of the property, percentage of Federal participation in the project costs for the Federal award under which the property was acquired, the location, use and condition of the property, and any ultimate disposition data including the date of disposal and sale price of the property. Condition: The District did not maintain the proper property records as required under CFR Title 2, part 200.313(d) Questioned Costs: None. Context: The District did not have internal controls in place to ensure with the Equipment and Real Property Management. Effect: Noncompliance with the Federal award program's Equipment and Real Property Management occurred. Cause: Management had not developed a system of internal controls to ensure compliance with the Equipment and Real Property Management compliance requirements. Recommendation: We recommend that management establish internal controls related to the Equipment and Real Property Management compliance requirements. Management's response: There is no disagreement with this finding and internal controls will be developed to ensure the District is complying with the Equipment and Real Property compliance requirements.