Laserfiche WebLink
i.4 CITY OF ORONOSchedule of Findings and Questioned Cost Year Ended December 31, 1996 <br />i 1 <br />i i <br />L <br />■ r <br />r <br />t' <br />: j <br />. * <br />'I <br />j <br />This schedule summarizes findings and recommendations relating to compliance with Minnesota Statutes <br />and requirements applicable to federal programs. The auditor, Malloy, Montague, Kamowski, Radosevich <br />& Co^., P.A., is responsible for providing the information under the heading "Finding and Questioned <br />Cost." The City of Orono is responsible for providing the information under the heading "Corrective <br />Action Plan (CAP)." <br />FINDING AND QUESTIONED COST <br />1. Program/1 .aw <br />Minnesota Statutes § 574.26. <br />2. Finding <br />Minnesota Statutes § 574.26 requires that the City receive a performance bond in an amount not <br />less than the contract price for construction projects which are let on sealed bids or direct quotes. <br />For one project tested, the performance bond was not on file. <br />3. Type of Finding <br />This is a current year finding. <br />4. Questioned Cost <br />Not Applicable. <br />CORRECTIVE ACTION PLAN (CAP) <br />L Explanation of Disagreement With Audit Finding <br />There is no disagreement with the audit finding. <br />2. Actions Planned in Re.sponse to Finding <br />The City will ensure that a performance bond is on file for all required projects. <br />3. Official Responsible for Ensuring CAP <br />Thomas Kuehn, Finance Director. <br />4. Planned Completion Date for CAP <br />The City will complete the CAP during fiscal 1997. <br />5. Plan to Monitor Completion of CAP <br />The City will continue to retain required records. <br />-129-