FAC Explorer

Audit 17396

FY End
2022-06-30
Total Expended
$20.60M
Findings
4
Programs
10
Organization: Ranken Technical College (MO)
Year: 2022 Accepted: 2022-11-21
Auditor: Forvis LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
13137 2022-001 - - N
13138 2022-001 - - N
589579 2022-001 - - N
589580 2022-001 - - N

Programs

ALN Program Spent Major Findings
84.268 Federal Direct Student Loans $10.08M Yes 1
84.063 Federal Pell Grant Program $3.51M Yes 1
84.425 Education Stabilization Fund $3.16M Yes 0
47.076 Education and Human Resources $226,023 - 0
84.007 Federal Supplemental Educational Opportunity Grants $138,768 Yes 0
10.310 National Institute of Food and Agriculture $108,230 - 0
84.033 Federal Work-Study Program $99,743 Yes 0
17.258 Wia Adult Program $34,237 - 0
17.245 Trade Adjustment Assistance $13,609 - 0
12.401 National Guard Military Operations and Maintenance (o&m) Projects $9,849 - 0

Contacts

Name Title Type
LM3YB21KC597 Pete Murtaugh Auditee
3142864813 Tony Spratte Auditor
No contacts on file

Notes to SEFA

Accounting Policies: Note 1: Basis of PresentationThe accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Ranken Technical College under programs of the federal government for the year ended June 30, 2022. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform AdministrativeRequirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the College, it is not intended to and does not present the financial position, changes in net assets or cash flows of the College.Note 2: Summary of Significant Accounting PoliciesExpenditures 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. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. De Minimis Rate Used: N Rate Explanation: Note 3: Indirect Cost RateThe College has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.

Finding Details

Finding 2022-001
Federal Assistance Listing Number 84.063 Federal Pell Program, Federal Assistance Listing Number 84.268 Federal Direct Loan Program; U.S. Department of Education Program Year 2021-2022 Criteria or Specific Requirement - Special Tests and Provisions - Enrollment Reporting Condition - Federal regulations provide that the College is responsible for notifying the National Student Loan Data System (NSLDS) of changes in enrollment, graduated or withdrawn students within 30 days or on an Enrollment Reporting roster file within 60 days. The College did not submit students change in enrollment status to NSLDS within 30 days or through the batch method within 60 days. Questioned Costs - None. Context - Out of a population of 3,676 students who received federal aid and had changes in enrollment, withdrew or graduated during the fiscal year, a sample of 50 students was tested, and 3 students change of status were not submitted to NSLDS within the required timeframe. Our sample was not intended to be statistically valid. Effect - The NSLDS was not provided with timely submission of status changes for students. Such submissions are required to allow for proper calculation of the students allowed grace and repayment period. Cause - 2 of the 3 exceptions were due to timely identification of withdrawal issues in the system when a student is removed from his or her major. The third exception was due to a clerical error when an hours change occurred. Identification as a Repeat Finding - N.A. Recommendation - We recommend monitoring selected student status updates directly on NSLDS website to ensure the Clearinghouse is reporting the files in a timely manner. Views of Responsible Officials and Planned Corrective Actions - See managements corrective action plan attached.
Finding 2022-001
Federal Assistance Listing Number 84.063 Federal Pell Program, Federal Assistance Listing Number 84.268 Federal Direct Loan Program; U.S. Department of Education Program Year 2021-2022 Criteria or Specific Requirement - Special Tests and Provisions - Enrollment Reporting Condition - Federal regulations provide that the College is responsible for notifying the National Student Loan Data System (NSLDS) of changes in enrollment, graduated or withdrawn students within 30 days or on an Enrollment Reporting roster file within 60 days. The College did not submit students change in enrollment status to NSLDS within 30 days or through the batch method within 60 days. Questioned Costs - None. Context - Out of a population of 3,676 students who received federal aid and had changes in enrollment, withdrew or graduated during the fiscal year, a sample of 50 students was tested, and 3 students change of status were not submitted to NSLDS within the required timeframe. Our sample was not intended to be statistically valid. Effect - The NSLDS was not provided with timely submission of status changes for students. Such submissions are required to allow for proper calculation of the students allowed grace and repayment period. Cause - 2 of the 3 exceptions were due to timely identification of withdrawal issues in the system when a student is removed from his or her major. The third exception was due to a clerical error when an hours change occurred. Identification as a Repeat Finding - N.A. Recommendation - We recommend monitoring selected student status updates directly on NSLDS website to ensure the Clearinghouse is reporting the files in a timely manner. Views of Responsible Officials and Planned Corrective Actions - See managements corrective action plan attached.
Finding 2022-001
Federal Assistance Listing Number 84.063 Federal Pell Program, Federal Assistance Listing Number 84.268 Federal Direct Loan Program; U.S. Department of Education Program Year 2021-2022 Criteria or Specific Requirement - Special Tests and Provisions - Enrollment Reporting Condition - Federal regulations provide that the College is responsible for notifying the National Student Loan Data System (NSLDS) of changes in enrollment, graduated or withdrawn students within 30 days or on an Enrollment Reporting roster file within 60 days. The College did not submit students change in enrollment status to NSLDS within 30 days or through the batch method within 60 days. Questioned Costs - None. Context - Out of a population of 3,676 students who received federal aid and had changes in enrollment, withdrew or graduated during the fiscal year, a sample of 50 students was tested, and 3 students change of status were not submitted to NSLDS within the required timeframe. Our sample was not intended to be statistically valid. Effect - The NSLDS was not provided with timely submission of status changes for students. Such submissions are required to allow for proper calculation of the students allowed grace and repayment period. Cause - 2 of the 3 exceptions were due to timely identification of withdrawal issues in the system when a student is removed from his or her major. The third exception was due to a clerical error when an hours change occurred. Identification as a Repeat Finding - N.A. Recommendation - We recommend monitoring selected student status updates directly on NSLDS website to ensure the Clearinghouse is reporting the files in a timely manner. Views of Responsible Officials and Planned Corrective Actions - See managements corrective action plan attached.
Finding 2022-001
Federal Assistance Listing Number 84.063 Federal Pell Program, Federal Assistance Listing Number 84.268 Federal Direct Loan Program; U.S. Department of Education Program Year 2021-2022 Criteria or Specific Requirement - Special Tests and Provisions - Enrollment Reporting Condition - Federal regulations provide that the College is responsible for notifying the National Student Loan Data System (NSLDS) of changes in enrollment, graduated or withdrawn students within 30 days or on an Enrollment Reporting roster file within 60 days. The College did not submit students change in enrollment status to NSLDS within 30 days or through the batch method within 60 days. Questioned Costs - None. Context - Out of a population of 3,676 students who received federal aid and had changes in enrollment, withdrew or graduated during the fiscal year, a sample of 50 students was tested, and 3 students change of status were not submitted to NSLDS within the required timeframe. Our sample was not intended to be statistically valid. Effect - The NSLDS was not provided with timely submission of status changes for students. Such submissions are required to allow for proper calculation of the students allowed grace and repayment period. Cause - 2 of the 3 exceptions were due to timely identification of withdrawal issues in the system when a student is removed from his or her major. The third exception was due to a clerical error when an hours change occurred. Identification as a Repeat Finding - N.A. Recommendation - We recommend monitoring selected student status updates directly on NSLDS website to ensure the Clearinghouse is reporting the files in a timely manner. Views of Responsible Officials and Planned Corrective Actions - See managements corrective action plan attached.