Needles Unified School District

FINDING 2019-002 Code 50000 Equipment Management U.S. Department of Education passed through California Department of Education 84.010 Title I Specific Requirement: Local Education Agencies shall follow Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) for equipment acquired under Federal awards received from a Federal awarding agency. A detailed record of equipment purchased with Federal funds must be maintained. A physical inventory of equipment must be taken and the results reconciled with the equipment records at least once every two years (2 CFR section 200.313(d) (2)). Condition: The District does not maintain a complete, up to date inventory of all equipment, including equipment purchased with Federal funds, and does not perform a physical inventory of all equipment acquired with Federal funding to be in compliance with Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Questioned Costs: Unknown. Context: Not Applicable Effect: The District is out of compliance with Equipment and Real Property Management compliance requirements by not keeping a record of all equipment and not performing a physical inventory of equipment at least once every two years to be in compliance with (2 CFR section 200.313(d) (2)). Cause: Unknown. Recommendation: The District should determine its complete inventory of equipment and update it regularly. The District should perform a physical inventory of equipment with a market value of $500 or more, at least once every two years.

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