FAC Explorer

Audit 18305

FY End
2022-06-30
Total Expended
$9.33M
Findings
4
Programs
2
Organization: Ave Maria School of Law and Ave Maria School of Law Foundation (FL)
Year: 2022 Accepted: 2022-12-13
Auditor: Rehmann Robson LLC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
19902 2022-001 Significant Deficiency Yes N
19903 2022-001 Significant Deficiency Yes N
596344 2022-001 Significant Deficiency Yes N
596345 2022-001 Significant Deficiency Yes N

Programs

ALN Program Spent Major Findings
84.268 Federal Direct Student Loans $9.22M Yes 1
84.033 Federal Work-Study Program $115,305 Yes 1

Contacts

Name Title Type
C2DPJYN5DHM3 Kaye Castro Auditee
2396875343 Michelle Fowler, CPA Auditor
No contacts on file

Notes to SEFA

Title: FEDERAL DIRECT STUDENT LOANS PROGRAM Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Ave Maria School of Law and Ave Maria School of Law Foundation (a Florida not-for-profit corporation) (the "Organization") 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 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 Organization, it is not intended to and does not present the financial position, changes in net assets or cash flows of the Organization.Expenditures reported on the Schedule are reported on the accrual basis of accounting, which is described in Note 1 to the Organizations consolidated financial statements. Such expenditures are recognized following the cost principles contained in the Uniform Guidance or other applicable guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. The Organization participates under the Federal Direct Student Loans program. The Organization acts as the intermediary for students obtaining Federal Direct Student Loans (Assistance Listing No. 84.268) from the U.S. Department of Education (the Department). The Department is responsible for billings and collections of the loans. The Organization assists the Department by processing the applications and disbursing the funds from the Department to the students. Loans made during the year are included in the federal expenditures presented in the Schedule.

Finding Details

Finding 2022-001
2022-001 Special Tests and Provisions - Enrollment Reporting (Repeat Finding) Finding Type. Immaterial Noncompliance/Significant Deficiency in Internal Control over Compliance (Special Tests and Provisions). Program. Student Financial Assistance Cluster; U.S. Department of Education; Assistance Listing Numbers 84.033 and 84.268; Award Numbers P033A208732 and P268K216780. Criteria. The Uniform Guidance Compliance Supplement provides guidance that a College should report status changes to the National Student Loan Data System (NSLDS) within 30 days whenever a student's attendance changes, unless a roster will be submitted within 60 days. Condition. We noted that six students out of a testing population of 14 were not reported timely to NSLDS and did not have the correct status change reported. Cause. This condition was caused by an oversight in applying the Organization's enrollment reporting procedures. Effect. As a result of this condition, the Organization was exposed to an increased risk that incorrect and untimely information would be reported to NSLDS. Questioned Costs. No costs were required to be questioned as a result of this finding inasmuch as our testing did not reveal any unallowed costs. Recommendation. We recommend that the Organization consistently apply their enrollment reporting procedures to prevent untimely status change reporting in the future. View of Responsible Officials. Management agrees with this finding and has prepared a Corrective Action Plan.
Finding 2022-001
2022-001 Special Tests and Provisions - Enrollment Reporting (Repeat Finding) Finding Type. Immaterial Noncompliance/Significant Deficiency in Internal Control over Compliance (Special Tests and Provisions). Program. Student Financial Assistance Cluster; U.S. Department of Education; Assistance Listing Numbers 84.033 and 84.268; Award Numbers P033A208732 and P268K216780. Criteria. The Uniform Guidance Compliance Supplement provides guidance that a College should report status changes to the National Student Loan Data System (NSLDS) within 30 days whenever a student's attendance changes, unless a roster will be submitted within 60 days. Condition. We noted that six students out of a testing population of 14 were not reported timely to NSLDS and did not have the correct status change reported. Cause. This condition was caused by an oversight in applying the Organization's enrollment reporting procedures. Effect. As a result of this condition, the Organization was exposed to an increased risk that incorrect and untimely information would be reported to NSLDS. Questioned Costs. No costs were required to be questioned as a result of this finding inasmuch as our testing did not reveal any unallowed costs. Recommendation. We recommend that the Organization consistently apply their enrollment reporting procedures to prevent untimely status change reporting in the future. View of Responsible Officials. Management agrees with this finding and has prepared a Corrective Action Plan.
Finding 2022-001
2022-001 Special Tests and Provisions - Enrollment Reporting (Repeat Finding) Finding Type. Immaterial Noncompliance/Significant Deficiency in Internal Control over Compliance (Special Tests and Provisions). Program. Student Financial Assistance Cluster; U.S. Department of Education; Assistance Listing Numbers 84.033 and 84.268; Award Numbers P033A208732 and P268K216780. Criteria. The Uniform Guidance Compliance Supplement provides guidance that a College should report status changes to the National Student Loan Data System (NSLDS) within 30 days whenever a student's attendance changes, unless a roster will be submitted within 60 days. Condition. We noted that six students out of a testing population of 14 were not reported timely to NSLDS and did not have the correct status change reported. Cause. This condition was caused by an oversight in applying the Organization's enrollment reporting procedures. Effect. As a result of this condition, the Organization was exposed to an increased risk that incorrect and untimely information would be reported to NSLDS. Questioned Costs. No costs were required to be questioned as a result of this finding inasmuch as our testing did not reveal any unallowed costs. Recommendation. We recommend that the Organization consistently apply their enrollment reporting procedures to prevent untimely status change reporting in the future. View of Responsible Officials. Management agrees with this finding and has prepared a Corrective Action Plan.
Finding 2022-001
2022-001 Special Tests and Provisions - Enrollment Reporting (Repeat Finding) Finding Type. Immaterial Noncompliance/Significant Deficiency in Internal Control over Compliance (Special Tests and Provisions). Program. Student Financial Assistance Cluster; U.S. Department of Education; Assistance Listing Numbers 84.033 and 84.268; Award Numbers P033A208732 and P268K216780. Criteria. The Uniform Guidance Compliance Supplement provides guidance that a College should report status changes to the National Student Loan Data System (NSLDS) within 30 days whenever a student's attendance changes, unless a roster will be submitted within 60 days. Condition. We noted that six students out of a testing population of 14 were not reported timely to NSLDS and did not have the correct status change reported. Cause. This condition was caused by an oversight in applying the Organization's enrollment reporting procedures. Effect. As a result of this condition, the Organization was exposed to an increased risk that incorrect and untimely information would be reported to NSLDS. Questioned Costs. No costs were required to be questioned as a result of this finding inasmuch as our testing did not reveal any unallowed costs. Recommendation. We recommend that the Organization consistently apply their enrollment reporting procedures to prevent untimely status change reporting in the future. View of Responsible Officials. Management agrees with this finding and has prepared a Corrective Action Plan.