FAC Explorer

Audit 11411

FY End
2023-06-30
Total Expended
$55.31M
Findings
2
Programs
9
Organization: Aurora University (IL)
Year: 2023 Accepted: 2024-01-12
Auditor: Forvis LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
8496 2023-001 - - I
584938 2023-001 - - I

Programs

ALN Program Spent Major Findings
84.268 Federal Direct Student Loans $39.26M Yes 0
84.063 Federal Pell Grant Program $9.44M Yes 0
84.268 Parental Loans for Undergraduate Students (plus) $3.39M Yes 0
84.268 Graduate Plus Loan Program $1.38M Yes 0
84.425 Covid-19 Higher Education Emergency Relief Fund (heerf) - Covid-19 Heerf Minority Serving Institutions (msis) $704,628 Yes 1
93.493 Community Project Funding/congressional Directed Spending - Construction $513,029 - 0
84.007 Federal Supplemental Educational Opportunity Grant Program $348,024 Yes 0
84.033 Federal Work-Study Program $265,000 Yes 0
47.076 Education and Human Resources $7,469 - 0

Contacts

Name Title Type
J9SCZMAFNVF3 Sharon Maxwell Auditee
6308445630 Kimberly Marshall Auditor
No contacts on file

Notes to SEFA

Title: Note 4 - Other Accounting Policies: The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of the Aurora University (University) under programs of the federal government for the year ended June 30, 2023. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the University, it is not intended to and does not present the financial position, changes in net assets or cash flows of the University. Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: Y Rate Explanation: The University has elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance. The University did not receive any federal insurance or federal noncash assistance.

Finding Details

Finding 2023-001
2023-001 Federal Program Name: COVID-19 Higher Education Emergency Relief Fund (HEERF) - COVID-19 HEERF Minority Serving Institutions (MSIs) Federal Assistance Listing Number: 84.425L Award Year: July 6, 2020 – June 30, 2023 Condition: The University's procurement policy does not contain adequate documentation to demonstrate compliance with federal procurement regulations (Deficiency). Questioned Costs: None. Context: The University's documented procurement policies do not contain all the specific requirements of 2 CFR sections 200.318 through 200.326. Effect: The risks exist that the University could follow their procurement policy and procure an item with federal funds, which would not meet the federal procurement regulations. Cause: The writing of the policy did not take into account the federal procurement regulations which are required to be incorporated for items procured with federal funds. Repeat Finding: No. Recommendation: We recommend that the University revise procurement policies to incorporate all required elements of the federal procurement regulations. Views of Responsible Officials and Planned Corrective Action: The University agrees with the comment and will revise procurement policies and incorporate all required elements of the federal procurement regulations.
Finding 2023-001
2023-001 Federal Program Name: COVID-19 Higher Education Emergency Relief Fund (HEERF) - COVID-19 HEERF Minority Serving Institutions (MSIs) Federal Assistance Listing Number: 84.425L Award Year: July 6, 2020 – June 30, 2023 Condition: The University's procurement policy does not contain adequate documentation to demonstrate compliance with federal procurement regulations (Deficiency). Questioned Costs: None. Context: The University's documented procurement policies do not contain all the specific requirements of 2 CFR sections 200.318 through 200.326. Effect: The risks exist that the University could follow their procurement policy and procure an item with federal funds, which would not meet the federal procurement regulations. Cause: The writing of the policy did not take into account the federal procurement regulations which are required to be incorporated for items procured with federal funds. Repeat Finding: No. Recommendation: We recommend that the University revise procurement policies to incorporate all required elements of the federal procurement regulations. Views of Responsible Officials and Planned Corrective Action: The University agrees with the comment and will revise procurement policies and incorporate all required elements of the federal procurement regulations.