EIN: 620395590
UEI: CFFCDKP4T965
Audited by: Winnett Associates, PLLC
Oversight agency: 21 [Department of the Treasury]
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Data as of September 7, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on November 20, 2024. Under 2 CFR 200.521(d), a pass-through entity that provided federal funds to this organization for this audit period must issue a management decision on these findings by May 20, 2025 (481 days ago).
What is a management decision? →Criteria: Section D.20 of the grant contract between the State of Tennessee and Volunteer Energy Cooperative requires the grantee to comply with 2 C.F.R. Sections 200.317 - 200.326 when procuring property and services. These regulations require, in part, that grantees must have documented procurement procedures consistent with 2 C.F.R. Sections 200.317 - 200.327. Cause, Condition and Effect: While the Cooperative does have written procurement procedures, they do not include all of the required procurement procedures as defined within 2 C.F.R. Sections 200.317-200.327. Specifically, procedures addressing the publication of bidding notices and sealed bidding are not included. Recommendation: Documented procurement procedures for federal awards should be updated to be consistent with the requirements of 2 C.F.R. Sections 200.317-200.327. Management Response – Management’s response is included in Management’s Corrective Action Plan located on page 63.
Show full finding ▾Hide full finding ▴Criteria: Section D.20 of the grant contract between the State of Tennessee and Volunteer Energy Cooperative requires the grantee to comply with 2 C.F.R. Sections 200.317 - 200.326 when procuring property and services. These regulations require, in part, that grantees must have documented procurement procedures consistent with 2 C.F.R. Sections 200.317 - 200.327. Cause, Condition and Effect: While the Cooperative does have written procurement procedures, they do not include all of the required procurement procedures as defined within 2 C.F.R. Sections 200.317-200.327. Specifically, procedures addressing the publication of bidding notices and sealed bidding are not included. Recommendation: Documented procurement procedures for federal awards should be updated to be consistent with the requirements of 2 C.F.R. Sections 200.317-200.327. Management Response – Management’s response is included in Management’s Corrective Action Plan located on page 63.
VEC will modify its procurement policy to follow the documentation requirements in 2 CFR 200.318
Criteria: Section D.20 of the grant contract between the State of Tennessee and Volunteer Energy Cooperative requires the grantee to comply with 2 C.F.R. Sections 200.317 - 200.236 when procuring property and services. These regulations require, in part, the methods of procurement to be followed. Cause, Condition and Effect: The Cooperative’s procurement procedures do not provide for the formal procurement methods required by the regulations. The result is that certain costs were submitted for reimbursement without following the formal procurement methods required by the regulations which generally provide for public notice of requests for proposals. Recommendation: Procurement procedures related to costs reimbursable under federal grants should be developed in accordance with the regulations and followed. Management Response – Management’s response is included in Management’s Corrective Action Plan located on page 63.
Show full finding ▾Hide full finding ▴Criteria: Section D.20 of the grant contract between the State of Tennessee and Volunteer Energy Cooperative requires the grantee to comply with 2 C.F.R. Sections 200.317 - 200.236 when procuring property and services. These regulations require, in part, the methods of procurement to be followed. Cause, Condition and Effect: The Cooperative’s procurement procedures do not provide for the formal procurement methods required by the regulations. The result is that certain costs were submitted for reimbursement without following the formal procurement methods required by the regulations which generally provide for public notice of requests for proposals. Recommendation: Procurement procedures related to costs reimbursable under federal grants should be developed in accordance with the regulations and followed. Management Response – Management’s response is included in Management’s Corrective Action Plan located on page 63.
VEC will follow the bidding process stated in 2 CFR 200.320
FAC accepted this audit on October 27, 2021 — management decision was due April 27, 2022.
Data source: This information comes from the Federal Audit Clearinghouse, the official repository of Single Audit data. All data is public domain. Verify this organization's audit history at fac.gov.
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