FAC Explorer

Audit 17839

FY End
2022-06-30
Total Expended
$3.80M
Findings
6
Programs
4
Organization: Gordon-Conwell Theological Seminary (MA)
Year: 2022 Accepted: 2022-12-13
Auditor: Berry Dunn McNeil & Parker LLC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
27966 2022-001 Significant Deficiency - N
27967 2022-001 Significant Deficiency - N
27968 2022-001 Significant Deficiency - N
604408 2022-001 Significant Deficiency - N
604409 2022-001 Significant Deficiency - N
604410 2022-001 Significant Deficiency - N

Programs

ALN Program Spent Major Findings
84.268 Federal Direct Student Loans $2.12M Yes 1
84.425 Education Stabilization Fund $606,563 Yes 0
84.038 Federal Perkins Loan Program $371,323 Yes 1
84.033 Federal Work-Study Program $113,668 Yes 1

Contacts

Name Title Type
S7KXQZX9K5X4 Gregg Hansen Auditee
9786464016 Mark Laprade Auditor
No contacts on file

Notes to SEFA

Title: Loan/loan guarantee outstanding balances Accounting Policies: 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. Pass-through entity identifying numbers are presented where available. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. FEDERAL PERKINS LOAN PROGRAM (84.038) - Balances outstanding at the end of the audit period were $341,587.
Title: Basis of Presentation Accounting Policies: 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. Pass-through entity identifying numbers are presented where available. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal grant activity of Gordon-Conwell Theological Seminary (the Seminary) for the year ended June 30, 2022. The information in this Schedule is presented in accordance with 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 portion of the operations of the Seminary, it is not intended to and does not present the financial position, changes in net assets or cash flows of the Seminary.

Finding Details

Finding 2022-001
Finding Number 2022-001 Information on the Federal Program: Federal Agency: United States Department of Education Program Name: Student Financial Assistance Cluster CFDA: 84.038 Federal Perkins Loan Program Federal Award Identification Number: N/A Federal Award Year: Year Ended June 30, 2022 Specific Requirement: Institutions are required to submit changes in enrollment status 1) within 30 days of a change in status or 2) on full roster?s of enrollment status every 60 days. Condition Found: During our audit, we noted an instance where graduated students were inappropriate reported as withdrawn. Upon further review, there were 6 other students at the Seminary that had graduated but were reported as withdrawn. Context: The noted delay in reporting enrollment status impacted certain students with dual degrees. Questioned Costs: None Cause and Effect: Based on our statistically-based sample, the students that were being reported inaccurately were a result of a system error for students with dual degrees. Recommendation We recommend that management correct the system error for students with dual degrees to ensure that the Seminary reports the changes in enrollment status within the required timeframe. Repeat Finding: No Views of a Responsible Official and Corrective Action Plan See Corrective Action Plan
Finding 2022-001
Finding Number 2022-001 Information on the Federal Program: Federal Agency: United States Department of Education Program Name: Student Financial Assistance Cluster CFDA: 84.038 Federal Perkins Loan Program Federal Award Identification Number: N/A Federal Award Year: Year Ended June 30, 2022 Specific Requirement: Institutions are required to submit changes in enrollment status 1) within 30 days of a change in status or 2) on full roster?s of enrollment status every 60 days. Condition Found: During our audit, we noted an instance where graduated students were inappropriate reported as withdrawn. Upon further review, there were 6 other students at the Seminary that had graduated but were reported as withdrawn. Context: The noted delay in reporting enrollment status impacted certain students with dual degrees. Questioned Costs: None Cause and Effect: Based on our statistically-based sample, the students that were being reported inaccurately were a result of a system error for students with dual degrees. Recommendation We recommend that management correct the system error for students with dual degrees to ensure that the Seminary reports the changes in enrollment status within the required timeframe. Repeat Finding: No Views of a Responsible Official and Corrective Action Plan See Corrective Action Plan
Finding 2022-001
Finding Number 2022-001 Information on the Federal Program: Federal Agency: United States Department of Education Program Name: Student Financial Assistance Cluster CFDA: 84.038 Federal Perkins Loan Program Federal Award Identification Number: N/A Federal Award Year: Year Ended June 30, 2022 Specific Requirement: Institutions are required to submit changes in enrollment status 1) within 30 days of a change in status or 2) on full roster?s of enrollment status every 60 days. Condition Found: During our audit, we noted an instance where graduated students were inappropriate reported as withdrawn. Upon further review, there were 6 other students at the Seminary that had graduated but were reported as withdrawn. Context: The noted delay in reporting enrollment status impacted certain students with dual degrees. Questioned Costs: None Cause and Effect: Based on our statistically-based sample, the students that were being reported inaccurately were a result of a system error for students with dual degrees. Recommendation We recommend that management correct the system error for students with dual degrees to ensure that the Seminary reports the changes in enrollment status within the required timeframe. Repeat Finding: No Views of a Responsible Official and Corrective Action Plan See Corrective Action Plan
Finding 2022-001
Finding Number 2022-001 Information on the Federal Program: Federal Agency: United States Department of Education Program Name: Student Financial Assistance Cluster CFDA: 84.038 Federal Perkins Loan Program Federal Award Identification Number: N/A Federal Award Year: Year Ended June 30, 2022 Specific Requirement: Institutions are required to submit changes in enrollment status 1) within 30 days of a change in status or 2) on full roster?s of enrollment status every 60 days. Condition Found: During our audit, we noted an instance where graduated students were inappropriate reported as withdrawn. Upon further review, there were 6 other students at the Seminary that had graduated but were reported as withdrawn. Context: The noted delay in reporting enrollment status impacted certain students with dual degrees. Questioned Costs: None Cause and Effect: Based on our statistically-based sample, the students that were being reported inaccurately were a result of a system error for students with dual degrees. Recommendation We recommend that management correct the system error for students with dual degrees to ensure that the Seminary reports the changes in enrollment status within the required timeframe. Repeat Finding: No Views of a Responsible Official and Corrective Action Plan See Corrective Action Plan
Finding 2022-001
Finding Number 2022-001 Information on the Federal Program: Federal Agency: United States Department of Education Program Name: Student Financial Assistance Cluster CFDA: 84.038 Federal Perkins Loan Program Federal Award Identification Number: N/A Federal Award Year: Year Ended June 30, 2022 Specific Requirement: Institutions are required to submit changes in enrollment status 1) within 30 days of a change in status or 2) on full roster?s of enrollment status every 60 days. Condition Found: During our audit, we noted an instance where graduated students were inappropriate reported as withdrawn. Upon further review, there were 6 other students at the Seminary that had graduated but were reported as withdrawn. Context: The noted delay in reporting enrollment status impacted certain students with dual degrees. Questioned Costs: None Cause and Effect: Based on our statistically-based sample, the students that were being reported inaccurately were a result of a system error for students with dual degrees. Recommendation We recommend that management correct the system error for students with dual degrees to ensure that the Seminary reports the changes in enrollment status within the required timeframe. Repeat Finding: No Views of a Responsible Official and Corrective Action Plan See Corrective Action Plan
Finding 2022-001
Finding Number 2022-001 Information on the Federal Program: Federal Agency: United States Department of Education Program Name: Student Financial Assistance Cluster CFDA: 84.038 Federal Perkins Loan Program Federal Award Identification Number: N/A Federal Award Year: Year Ended June 30, 2022 Specific Requirement: Institutions are required to submit changes in enrollment status 1) within 30 days of a change in status or 2) on full roster?s of enrollment status every 60 days. Condition Found: During our audit, we noted an instance where graduated students were inappropriate reported as withdrawn. Upon further review, there were 6 other students at the Seminary that had graduated but were reported as withdrawn. Context: The noted delay in reporting enrollment status impacted certain students with dual degrees. Questioned Costs: None Cause and Effect: Based on our statistically-based sample, the students that were being reported inaccurately were a result of a system error for students with dual degrees. Recommendation We recommend that management correct the system error for students with dual degrees to ensure that the Seminary reports the changes in enrollment status within the required timeframe. Repeat Finding: No Views of a Responsible Official and Corrective Action Plan See Corrective Action Plan