FAC Explorer

Audit 22380

FY End
2022-06-30
Total Expended
$103.71M
Findings
38
Programs
87
Organization: Idaho State University (ID)
Year: 2022 Accepted: 2023-03-29
Auditor: Cliftonlarsonallen LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
23064 2022-001 Significant Deficiency Yes C
23065 2022-001 Significant Deficiency Yes C
23066 2022-001 Significant Deficiency Yes C
23067 2022-001 Significant Deficiency Yes C
23068 2022-001 Significant Deficiency Yes C
23069 2022-001 Significant Deficiency Yes C
23070 2022-001 Significant Deficiency Yes C
23071 2022-001 Significant Deficiency Yes C
23072 2022-001 Significant Deficiency Yes C
23073 2022-001 Significant Deficiency Yes C
23074 2022-001 Significant Deficiency Yes C
23075 2022-001 Significant Deficiency Yes C
23076 2022-001 Significant Deficiency Yes C
23077 2022-001 Significant Deficiency Yes C
23078 2022-001 Significant Deficiency Yes C
23079 2022-001 Significant Deficiency Yes C
23080 2022-001 Significant Deficiency Yes C
23081 2022-001 Significant Deficiency Yes C
23082 2022-001 Significant Deficiency Yes C
599506 2022-001 Significant Deficiency Yes C
599507 2022-001 Significant Deficiency Yes C
599508 2022-001 Significant Deficiency Yes C
599509 2022-001 Significant Deficiency Yes C
599510 2022-001 Significant Deficiency Yes C
599511 2022-001 Significant Deficiency Yes C
599512 2022-001 Significant Deficiency Yes C
599513 2022-001 Significant Deficiency Yes C
599514 2022-001 Significant Deficiency Yes C
599515 2022-001 Significant Deficiency Yes C
599516 2022-001 Significant Deficiency Yes C
599517 2022-001 Significant Deficiency Yes C
599518 2022-001 Significant Deficiency Yes C
599519 2022-001 Significant Deficiency Yes C
599520 2022-001 Significant Deficiency Yes C
599521 2022-001 Significant Deficiency Yes C
599522 2022-001 Significant Deficiency Yes C
599523 2022-001 Significant Deficiency Yes C
599524 2022-001 Significant Deficiency Yes C

Programs

ALN Program Spent Major Findings
84.268 Federal Direct Student Loan $715,311 - 1
84.038 Perkins Loan Program $672,520 - 1
84.007 Supplemental Educational Opportunity Grant $658,601 - 1
47.083 Integrative Activities $487,667 - 0
84.149 Migrant Education College Assistance Migrant Program $462,256 - 0
84.141 Migrant Education High School Equivalency Program $421,068 - 0
81.065 Nuclear Legacy Cleanup Program $417,678 - 0
84.047 Trio Upward Bound $313,066 - 0
84.042 Trio Student Support Services $302,313 - 0
93.191 Graduate Psychology Education $300,713 - 0
93.884 Grants for Primary Care Training and Enhancement $299,024 - 0
84.217 Trio McNair Post-Baccalaureate Achievement $265,068 - 0
93.855 Allergy and Infectious Diseases Research $259,025 - 0
94.006 Americorps $251,225 - 0
93.917 Hiv Care Formula Grants $222,202 - 0
84.044 Trio Talent Search $214,136 - 0
84.066 Trio Educational Opportunity Centers $198,941 - 0
93.323 Epidemiology and Laboratory Capacity for Infectious Diseases (elc) $189,122 - 0
84.129 Rehabilitation Long-Term Training $180,072 - 0
81.049 Office of Science Financial Assistance Program $175,862 - 0
93.145 Hiv-Related Training and Technical Assistance $168,476 - 0
10.855 Distance Learning and Telemedicine $121,692 - 0
84.GSA_MIGRATION Training Interpreters for Individuals Who Are Deaf-Blind $117,905 - 0
93.658 Foster Care Title IV-E $107,602 - 0
47.075 Social, Behavioral, and Economic Sciences $105,115 - 0
93.103 Food and Drug Administration Research $91,661 - 0
84.010 Title I Grants to Local Educational Agencies $87,164 - 0
93.234 Traumatic Brain Injury State Demonstration Grant Program $86,998 - 0
11.611 Manufacturing Extension Partnership $85,121 - 0
84.126 Rehabilitation Services Vocational Rehabilitation Grants to States $74,489 - 0
10.170 Specialty Crop Block Grant Program - Farm Bill $54,685 - 0
93.853 Extramural Research Rograms in Neurosciences and Neurological Disorders $54,590 - 0
81.112 Stewardship Science Grant Program $54,035 - 0
10.558 Child and Adult Care Food Program $51,193 - 0
93.236 Grants to States to Support Oral Health Workforce Activities $48,403 - 0
15.815 National Land Remote Sensing Education Outreach and Research $44,689 - 0
15.808 U.s. Geological Survey Research and Data Collection $43,607 - 0
43.001 Science $43,178 - 0
20.205 Highway Planning and Construction $42,055 - 0
93.391 Activities to Support Stlt Health Department Response to Public Health Crises $41,113 - 0
93.918 Grants to Provide Outpatient Early Intervention Services with Respect to Hiv Disease $38,861 - 0
47.049 Mathematical and Physical Sciences $35,771 - 0
47.050 Geosciences $30,093 - 0
97.045 Cooperating Technical Partners $29,179 - 0
81.000 Pass Through Funding From Jefferson National Lab $25,560 - 0
59.037 Small Business Development Centers $24,441 - 0
81.121 Pass Through Funding From Kansas State University $21,669 - 0
81.123 National Nuclear Security Admin (nnsa) Minority Serving Institutions (msi) $20,898 - 0
47.076 Education and Human Resources $20,839 - 0
47.076 Geosciences $19,016 - 0
12.800 Air Force Defense Research Sciences Program $17,476 - 0
81.121 Pass Through Funding From Research Foundation of Cuny $17,383 - 0
81.121 Nuclear Energy Research, Development and Demonstration $17,142 - 0
12.420 Military Medical Research and Development $17,090 - 0
84.002 Adult Education-Basic Grants to States $16,712 - 0
10.053 Dairy Indemnity Program $14,897 - 0
11.431 Climate and Atmospheric Research $13,308 - 0
12.351 Scientific Research - Combating Weapons of Mass Destruction $13,131 - 0
43.008 Office of Stem Engagement (ostem) $13,080 - 0
12.002 Procurement Technical Assistance for Business Firms $11,970 - 0
93.940 Hiv Prevention Activities Health Department Based $11,722 - 0
81.000 Pass Through Funding From Battelle Energy Alliance LLC $11,670 - 0
10.229 Extension Collaborative on Immunization Teaching & Engagment $11,448 - 0
10.001 Agricultural Research Basic and Applied Research $9,735 - 0
81.000 Pass Through Funding From Los Alamos National Laboratories $9,544 - 0
81.000 Pass Through Funding From Sandia National Laboratories $8,664 - 0
15.810 National Cooperative Geologic Mapping $7,847 - 0
45.129 Promotion of the Humanities Federal/state Partnership $5,247 - 0
93.426 Improving the Health of Americans Through Prevention and Management of Diabetes and Heart Disease and Stroke $3,852 - 0
15.247 Wildlife Resource Management $3,766 - 0
93.859 Biomedical Research and Research Training $3,126 - 0
15.945 Cooperative Research and Training Programs Resources of the National Park System $2,938 - 0
84.425 Education Stabilization Fund $2,500 - 0
77.008 U.s. Nuclear Regulatory Commission Scholarship and Fellowship Program $2,473 - 0
47.074 Biological Sciences $2,148 - 0
45.025 Promotion of the Arts Partnership Agreements $2,100 - 0
93.879 Medical Library Assistance $2,004 - 0
93.173 Research Related to Deafness and Communication Disorders $1,938 - 0
16.302 FBI Geospatial Data $1,322 - 0
84.033 Federal Work Study $337 - 1
81.000 Pass Through Funding From Fluor Idaho LLC $218 - 0
84.048 Career and Technical Education-Basic Grants to States $139 - 0
15.224 Cultural and Paleontological Resources Management $21 - 0
84.063 Federal Pell Grant Program $-56 - 1
93.107 Area Health Education Centers $-166 - 0
81.092 Remedial Action and Waste Management $-503 - 0
14.241 Housing Opportunities for Persons with Aids $-6,131 - 0

Contacts

Name Title Type
JJC9GJJJL4M7 Brandon Klassen Auditee
2082824752 Chris Suda 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 for all awards with the exception of Assistance Listing 21.019, which follows criteria determined by the Department of Treasury for allowability of costs. Under these principles, 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: The auditee did not use the de minimis cost rate. PERKINS LOAN PROGRAM (84.038) - Balances outstanding at the end of the audit period were 428241.
Title: University Administered Loan Program 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 for all awards with the exception of Assistance Listing 21.019, which follows criteria determined by the Department of Treasury for allowability of costs. Under these principles, 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: The auditee did not use the de minimis cost rate. The federal student loan programs listed subsequently are administered directly by the University, and balances and transactions relating to these programs are included in the Universitys basic financial statements.

Finding Details

Finding 2022-001
Federal agency: Department of Education Federal program title: Student Financial Assistance Cluster Assistance Listing Number: 84.007/84.033/84.038/84.063/84.268 Award Period: July 1, 2021 to June 30, 2022 Criteria or specific requirement: Uniform Grant Guidance (2 CFR 200.303) requires nonfederal Type of Finding: Significant Deficiency in Internal Control over Compliance entities receiving Federal awards establish and maintain internal controls designed to reasonably ensure compliance with Federal laws, regulations, and program compliance requirements. Effective internal controls should include procedures to ensure G5 drawdowns are formally reviewed by someone who did not prepare the drawdown to verify the correct amount is requested. Condition & Context: The University did not have a formal documented review process in place to ensure G5 drawdowns were reviewed prior to submitting the drawdown request. Questioned costs: None. Cause: Supervisory review is currently undocumented and is only communicated verbally. Effect: Failure to properly review Cash Management drawdowns could result in an improper amount of funds being requested. Repeat Finding: Yes, see 2021-003 for the prior year finding. Recommendation: ISU should implement formal review procedures to document that the Cash Management drawdown reviews are being performed to correct errors in a timely manner and to minimize the likelihood of errors going undetected. Views of responsible officials: Management agrees with this finding.
Finding 2022-001
Federal agency: Department of Education Federal program title: Student Financial Assistance Cluster Assistance Listing Number: 84.007/84.033/84.038/84.063/84.268 Award Period: July 1, 2021 to June 30, 2022 Criteria or specific requirement: Uniform Grant Guidance (2 CFR 200.303) requires nonfederal Type of Finding: Significant Deficiency in Internal Control over Compliance entities receiving Federal awards establish and maintain internal controls designed to reasonably ensure compliance with Federal laws, regulations, and program compliance requirements. Effective internal controls should include procedures to ensure G5 drawdowns are formally reviewed by someone who did not prepare the drawdown to verify the correct amount is requested. Condition & Context: The University did not have a formal documented review process in place to ensure G5 drawdowns were reviewed prior to submitting the drawdown request. Questioned costs: None. Cause: Supervisory review is currently undocumented and is only communicated verbally. Effect: Failure to properly review Cash Management drawdowns could result in an improper amount of funds being requested. Repeat Finding: Yes, see 2021-003 for the prior year finding. Recommendation: ISU should implement formal review procedures to document that the Cash Management drawdown reviews are being performed to correct errors in a timely manner and to minimize the likelihood of errors going undetected. Views of responsible officials: Management agrees with this finding.
Finding 2022-001
Federal agency: Department of Education Federal program title: Student Financial Assistance Cluster Assistance Listing Number: 84.007/84.033/84.038/84.063/84.268 Award Period: July 1, 2021 to June 30, 2022 Criteria or specific requirement: Uniform Grant Guidance (2 CFR 200.303) requires nonfederal Type of Finding: Significant Deficiency in Internal Control over Compliance entities receiving Federal awards establish and maintain internal controls designed to reasonably ensure compliance with Federal laws, regulations, and program compliance requirements. Effective internal controls should include procedures to ensure G5 drawdowns are formally reviewed by someone who did not prepare the drawdown to verify the correct amount is requested. Condition & Context: The University did not have a formal documented review process in place to ensure G5 drawdowns were reviewed prior to submitting the drawdown request. Questioned costs: None. Cause: Supervisory review is currently undocumented and is only communicated verbally. Effect: Failure to properly review Cash Management drawdowns could result in an improper amount of funds being requested. Repeat Finding: Yes, see 2021-003 for the prior year finding. Recommendation: ISU should implement formal review procedures to document that the Cash Management drawdown reviews are being performed to correct errors in a timely manner and to minimize the likelihood of errors going undetected. Views of responsible officials: Management agrees with this finding.
Finding 2022-001
Federal agency: Department of Education Federal program title: Student Financial Assistance Cluster Assistance Listing Number: 84.007/84.033/84.038/84.063/84.268 Award Period: July 1, 2021 to June 30, 2022 Criteria or specific requirement: Uniform Grant Guidance (2 CFR 200.303) requires nonfederal Type of Finding: Significant Deficiency in Internal Control over Compliance entities receiving Federal awards establish and maintain internal controls designed to reasonably ensure compliance with Federal laws, regulations, and program compliance requirements. Effective internal controls should include procedures to ensure G5 drawdowns are formally reviewed by someone who did not prepare the drawdown to verify the correct amount is requested. Condition & Context: The University did not have a formal documented review process in place to ensure G5 drawdowns were reviewed prior to submitting the drawdown request. Questioned costs: None. Cause: Supervisory review is currently undocumented and is only communicated verbally. Effect: Failure to properly review Cash Management drawdowns could result in an improper amount of funds being requested. Repeat Finding: Yes, see 2021-003 for the prior year finding. Recommendation: ISU should implement formal review procedures to document that the Cash Management drawdown reviews are being performed to correct errors in a timely manner and to minimize the likelihood of errors going undetected. Views of responsible officials: Management agrees with this finding.
Finding 2022-001
Federal agency: Department of Education Federal program title: Student Financial Assistance Cluster Assistance Listing Number: 84.007/84.033/84.038/84.063/84.268 Award Period: July 1, 2021 to June 30, 2022 Criteria or specific requirement: Uniform Grant Guidance (2 CFR 200.303) requires nonfederal Type of Finding: Significant Deficiency in Internal Control over Compliance entities receiving Federal awards establish and maintain internal controls designed to reasonably ensure compliance with Federal laws, regulations, and program compliance requirements. Effective internal controls should include procedures to ensure G5 drawdowns are formally reviewed by someone who did not prepare the drawdown to verify the correct amount is requested. Condition & Context: The University did not have a formal documented review process in place to ensure G5 drawdowns were reviewed prior to submitting the drawdown request. Questioned costs: None. Cause: Supervisory review is currently undocumented and is only communicated verbally. Effect: Failure to properly review Cash Management drawdowns could result in an improper amount of funds being requested. Repeat Finding: Yes, see 2021-003 for the prior year finding. Recommendation: ISU should implement formal review procedures to document that the Cash Management drawdown reviews are being performed to correct errors in a timely manner and to minimize the likelihood of errors going undetected. Views of responsible officials: Management agrees with this finding.
Finding 2022-001
Federal agency: Department of Education Federal program title: Student Financial Assistance Cluster Assistance Listing Number: 84.007/84.033/84.038/84.063/84.268 Award Period: July 1, 2021 to June 30, 2022 Criteria or specific requirement: Uniform Grant Guidance (2 CFR 200.303) requires nonfederal Type of Finding: Significant Deficiency in Internal Control over Compliance entities receiving Federal awards establish and maintain internal controls designed to reasonably ensure compliance with Federal laws, regulations, and program compliance requirements. Effective internal controls should include procedures to ensure G5 drawdowns are formally reviewed by someone who did not prepare the drawdown to verify the correct amount is requested. Condition & Context: The University did not have a formal documented review process in place to ensure G5 drawdowns were reviewed prior to submitting the drawdown request. Questioned costs: None. Cause: Supervisory review is currently undocumented and is only communicated verbally. Effect: Failure to properly review Cash Management drawdowns could result in an improper amount of funds being requested. Repeat Finding: Yes, see 2021-003 for the prior year finding. Recommendation: ISU should implement formal review procedures to document that the Cash Management drawdown reviews are being performed to correct errors in a timely manner and to minimize the likelihood of errors going undetected. Views of responsible officials: Management agrees with this finding.
Finding 2022-001
Federal agency: Department of Education Federal program title: Student Financial Assistance Cluster Assistance Listing Number: 84.007/84.033/84.038/84.063/84.268 Award Period: July 1, 2021 to June 30, 2022 Criteria or specific requirement: Uniform Grant Guidance (2 CFR 200.303) requires nonfederal Type of Finding: Significant Deficiency in Internal Control over Compliance entities receiving Federal awards establish and maintain internal controls designed to reasonably ensure compliance with Federal laws, regulations, and program compliance requirements. Effective internal controls should include procedures to ensure G5 drawdowns are formally reviewed by someone who did not prepare the drawdown to verify the correct amount is requested. Condition & Context: The University did not have a formal documented review process in place to ensure G5 drawdowns were reviewed prior to submitting the drawdown request. Questioned costs: None. Cause: Supervisory review is currently undocumented and is only communicated verbally. Effect: Failure to properly review Cash Management drawdowns could result in an improper amount of funds being requested. Repeat Finding: Yes, see 2021-003 for the prior year finding. Recommendation: ISU should implement formal review procedures to document that the Cash Management drawdown reviews are being performed to correct errors in a timely manner and to minimize the likelihood of errors going undetected. Views of responsible officials: Management agrees with this finding.
Finding 2022-001
Federal agency: Department of Education Federal program title: Student Financial Assistance Cluster Assistance Listing Number: 84.007/84.033/84.038/84.063/84.268 Award Period: July 1, 2021 to June 30, 2022 Criteria or specific requirement: Uniform Grant Guidance (2 CFR 200.303) requires nonfederal Type of Finding: Significant Deficiency in Internal Control over Compliance entities receiving Federal awards establish and maintain internal controls designed to reasonably ensure compliance with Federal laws, regulations, and program compliance requirements. Effective internal controls should include procedures to ensure G5 drawdowns are formally reviewed by someone who did not prepare the drawdown to verify the correct amount is requested. Condition & Context: The University did not have a formal documented review process in place to ensure G5 drawdowns were reviewed prior to submitting the drawdown request. Questioned costs: None. Cause: Supervisory review is currently undocumented and is only communicated verbally. Effect: Failure to properly review Cash Management drawdowns could result in an improper amount of funds being requested. Repeat Finding: Yes, see 2021-003 for the prior year finding. Recommendation: ISU should implement formal review procedures to document that the Cash Management drawdown reviews are being performed to correct errors in a timely manner and to minimize the likelihood of errors going undetected. Views of responsible officials: Management agrees with this finding.
Finding 2022-001
Federal agency: Department of Education Federal program title: Student Financial Assistance Cluster Assistance Listing Number: 84.007/84.033/84.038/84.063/84.268 Award Period: July 1, 2021 to June 30, 2022 Criteria or specific requirement: Uniform Grant Guidance (2 CFR 200.303) requires nonfederal Type of Finding: Significant Deficiency in Internal Control over Compliance entities receiving Federal awards establish and maintain internal controls designed to reasonably ensure compliance with Federal laws, regulations, and program compliance requirements. Effective internal controls should include procedures to ensure G5 drawdowns are formally reviewed by someone who did not prepare the drawdown to verify the correct amount is requested. Condition & Context: The University did not have a formal documented review process in place to ensure G5 drawdowns were reviewed prior to submitting the drawdown request. Questioned costs: None. Cause: Supervisory review is currently undocumented and is only communicated verbally. Effect: Failure to properly review Cash Management drawdowns could result in an improper amount of funds being requested. Repeat Finding: Yes, see 2021-003 for the prior year finding. Recommendation: ISU should implement formal review procedures to document that the Cash Management drawdown reviews are being performed to correct errors in a timely manner and to minimize the likelihood of errors going undetected. Views of responsible officials: Management agrees with this finding.
Finding 2022-001
Federal agency: Department of Education Federal program title: Student Financial Assistance Cluster Assistance Listing Number: 84.007/84.033/84.038/84.063/84.268 Award Period: July 1, 2021 to June 30, 2022 Criteria or specific requirement: Uniform Grant Guidance (2 CFR 200.303) requires nonfederal Type of Finding: Significant Deficiency in Internal Control over Compliance entities receiving Federal awards establish and maintain internal controls designed to reasonably ensure compliance with Federal laws, regulations, and program compliance requirements. Effective internal controls should include procedures to ensure G5 drawdowns are formally reviewed by someone who did not prepare the drawdown to verify the correct amount is requested. Condition & Context: The University did not have a formal documented review process in place to ensure G5 drawdowns were reviewed prior to submitting the drawdown request. Questioned costs: None. Cause: Supervisory review is currently undocumented and is only communicated verbally. Effect: Failure to properly review Cash Management drawdowns could result in an improper amount of funds being requested. Repeat Finding: Yes, see 2021-003 for the prior year finding. Recommendation: ISU should implement formal review procedures to document that the Cash Management drawdown reviews are being performed to correct errors in a timely manner and to minimize the likelihood of errors going undetected. Views of responsible officials: Management agrees with this finding.
Finding 2022-001
Federal agency: Department of Education Federal program title: Student Financial Assistance Cluster Assistance Listing Number: 84.007/84.033/84.038/84.063/84.268 Award Period: July 1, 2021 to June 30, 2022 Criteria or specific requirement: Uniform Grant Guidance (2 CFR 200.303) requires nonfederal Type of Finding: Significant Deficiency in Internal Control over Compliance entities receiving Federal awards establish and maintain internal controls designed to reasonably ensure compliance with Federal laws, regulations, and program compliance requirements. Effective internal controls should include procedures to ensure G5 drawdowns are formally reviewed by someone who did not prepare the drawdown to verify the correct amount is requested. Condition & Context: The University did not have a formal documented review process in place to ensure G5 drawdowns were reviewed prior to submitting the drawdown request. Questioned costs: None. Cause: Supervisory review is currently undocumented and is only communicated verbally. Effect: Failure to properly review Cash Management drawdowns could result in an improper amount of funds being requested. Repeat Finding: Yes, see 2021-003 for the prior year finding. Recommendation: ISU should implement formal review procedures to document that the Cash Management drawdown reviews are being performed to correct errors in a timely manner and to minimize the likelihood of errors going undetected. Views of responsible officials: Management agrees with this finding.
Finding 2022-001
Federal agency: Department of Education Federal program title: Student Financial Assistance Cluster Assistance Listing Number: 84.007/84.033/84.038/84.063/84.268 Award Period: July 1, 2021 to June 30, 2022 Criteria or specific requirement: Uniform Grant Guidance (2 CFR 200.303) requires nonfederal Type of Finding: Significant Deficiency in Internal Control over Compliance entities receiving Federal awards establish and maintain internal controls designed to reasonably ensure compliance with Federal laws, regulations, and program compliance requirements. Effective internal controls should include procedures to ensure G5 drawdowns are formally reviewed by someone who did not prepare the drawdown to verify the correct amount is requested. Condition & Context: The University did not have a formal documented review process in place to ensure G5 drawdowns were reviewed prior to submitting the drawdown request. Questioned costs: None. Cause: Supervisory review is currently undocumented and is only communicated verbally. Effect: Failure to properly review Cash Management drawdowns could result in an improper amount of funds being requested. Repeat Finding: Yes, see 2021-003 for the prior year finding. Recommendation: ISU should implement formal review procedures to document that the Cash Management drawdown reviews are being performed to correct errors in a timely manner and to minimize the likelihood of errors going undetected. Views of responsible officials: Management agrees with this finding.
Finding 2022-001
Federal agency: Department of Education Federal program title: Student Financial Assistance Cluster Assistance Listing Number: 84.007/84.033/84.038/84.063/84.268 Award Period: July 1, 2021 to June 30, 2022 Criteria or specific requirement: Uniform Grant Guidance (2 CFR 200.303) requires nonfederal Type of Finding: Significant Deficiency in Internal Control over Compliance entities receiving Federal awards establish and maintain internal controls designed to reasonably ensure compliance with Federal laws, regulations, and program compliance requirements. Effective internal controls should include procedures to ensure G5 drawdowns are formally reviewed by someone who did not prepare the drawdown to verify the correct amount is requested. Condition & Context: The University did not have a formal documented review process in place to ensure G5 drawdowns were reviewed prior to submitting the drawdown request. Questioned costs: None. Cause: Supervisory review is currently undocumented and is only communicated verbally. Effect: Failure to properly review Cash Management drawdowns could result in an improper amount of funds being requested. Repeat Finding: Yes, see 2021-003 for the prior year finding. Recommendation: ISU should implement formal review procedures to document that the Cash Management drawdown reviews are being performed to correct errors in a timely manner and to minimize the likelihood of errors going undetected. Views of responsible officials: Management agrees with this finding.
Finding 2022-001
Federal agency: Department of Education Federal program title: Student Financial Assistance Cluster Assistance Listing Number: 84.007/84.033/84.038/84.063/84.268 Award Period: July 1, 2021 to June 30, 2022 Criteria or specific requirement: Uniform Grant Guidance (2 CFR 200.303) requires nonfederal Type of Finding: Significant Deficiency in Internal Control over Compliance entities receiving Federal awards establish and maintain internal controls designed to reasonably ensure compliance with Federal laws, regulations, and program compliance requirements. Effective internal controls should include procedures to ensure G5 drawdowns are formally reviewed by someone who did not prepare the drawdown to verify the correct amount is requested. Condition & Context: The University did not have a formal documented review process in place to ensure G5 drawdowns were reviewed prior to submitting the drawdown request. Questioned costs: None. Cause: Supervisory review is currently undocumented and is only communicated verbally. Effect: Failure to properly review Cash Management drawdowns could result in an improper amount of funds being requested. Repeat Finding: Yes, see 2021-003 for the prior year finding. Recommendation: ISU should implement formal review procedures to document that the Cash Management drawdown reviews are being performed to correct errors in a timely manner and to minimize the likelihood of errors going undetected. Views of responsible officials: Management agrees with this finding.
Finding 2022-001
Federal agency: Department of Education Federal program title: Student Financial Assistance Cluster Assistance Listing Number: 84.007/84.033/84.038/84.063/84.268 Award Period: July 1, 2021 to June 30, 2022 Criteria or specific requirement: Uniform Grant Guidance (2 CFR 200.303) requires nonfederal Type of Finding: Significant Deficiency in Internal Control over Compliance entities receiving Federal awards establish and maintain internal controls designed to reasonably ensure compliance with Federal laws, regulations, and program compliance requirements. Effective internal controls should include procedures to ensure G5 drawdowns are formally reviewed by someone who did not prepare the drawdown to verify the correct amount is requested. Condition & Context: The University did not have a formal documented review process in place to ensure G5 drawdowns were reviewed prior to submitting the drawdown request. Questioned costs: None. Cause: Supervisory review is currently undocumented and is only communicated verbally. Effect: Failure to properly review Cash Management drawdowns could result in an improper amount of funds being requested. Repeat Finding: Yes, see 2021-003 for the prior year finding. Recommendation: ISU should implement formal review procedures to document that the Cash Management drawdown reviews are being performed to correct errors in a timely manner and to minimize the likelihood of errors going undetected. Views of responsible officials: Management agrees with this finding.
Finding 2022-001
Federal agency: Department of Education Federal program title: Student Financial Assistance Cluster Assistance Listing Number: 84.007/84.033/84.038/84.063/84.268 Award Period: July 1, 2021 to June 30, 2022 Criteria or specific requirement: Uniform Grant Guidance (2 CFR 200.303) requires nonfederal Type of Finding: Significant Deficiency in Internal Control over Compliance entities receiving Federal awards establish and maintain internal controls designed to reasonably ensure compliance with Federal laws, regulations, and program compliance requirements. Effective internal controls should include procedures to ensure G5 drawdowns are formally reviewed by someone who did not prepare the drawdown to verify the correct amount is requested. Condition & Context: The University did not have a formal documented review process in place to ensure G5 drawdowns were reviewed prior to submitting the drawdown request. Questioned costs: None. Cause: Supervisory review is currently undocumented and is only communicated verbally. Effect: Failure to properly review Cash Management drawdowns could result in an improper amount of funds being requested. Repeat Finding: Yes, see 2021-003 for the prior year finding. Recommendation: ISU should implement formal review procedures to document that the Cash Management drawdown reviews are being performed to correct errors in a timely manner and to minimize the likelihood of errors going undetected. Views of responsible officials: Management agrees with this finding.
Finding 2022-001
Federal agency: Department of Education Federal program title: Student Financial Assistance Cluster Assistance Listing Number: 84.007/84.033/84.038/84.063/84.268 Award Period: July 1, 2021 to June 30, 2022 Criteria or specific requirement: Uniform Grant Guidance (2 CFR 200.303) requires nonfederal Type of Finding: Significant Deficiency in Internal Control over Compliance entities receiving Federal awards establish and maintain internal controls designed to reasonably ensure compliance with Federal laws, regulations, and program compliance requirements. Effective internal controls should include procedures to ensure G5 drawdowns are formally reviewed by someone who did not prepare the drawdown to verify the correct amount is requested. Condition & Context: The University did not have a formal documented review process in place to ensure G5 drawdowns were reviewed prior to submitting the drawdown request. Questioned costs: None. Cause: Supervisory review is currently undocumented and is only communicated verbally. Effect: Failure to properly review Cash Management drawdowns could result in an improper amount of funds being requested. Repeat Finding: Yes, see 2021-003 for the prior year finding. Recommendation: ISU should implement formal review procedures to document that the Cash Management drawdown reviews are being performed to correct errors in a timely manner and to minimize the likelihood of errors going undetected. Views of responsible officials: Management agrees with this finding.
Finding 2022-001
Federal agency: Department of Education Federal program title: Student Financial Assistance Cluster Assistance Listing Number: 84.007/84.033/84.038/84.063/84.268 Award Period: July 1, 2021 to June 30, 2022 Criteria or specific requirement: Uniform Grant Guidance (2 CFR 200.303) requires nonfederal Type of Finding: Significant Deficiency in Internal Control over Compliance entities receiving Federal awards establish and maintain internal controls designed to reasonably ensure compliance with Federal laws, regulations, and program compliance requirements. Effective internal controls should include procedures to ensure G5 drawdowns are formally reviewed by someone who did not prepare the drawdown to verify the correct amount is requested. Condition & Context: The University did not have a formal documented review process in place to ensure G5 drawdowns were reviewed prior to submitting the drawdown request. Questioned costs: None. Cause: Supervisory review is currently undocumented and is only communicated verbally. Effect: Failure to properly review Cash Management drawdowns could result in an improper amount of funds being requested. Repeat Finding: Yes, see 2021-003 for the prior year finding. Recommendation: ISU should implement formal review procedures to document that the Cash Management drawdown reviews are being performed to correct errors in a timely manner and to minimize the likelihood of errors going undetected. Views of responsible officials: Management agrees with this finding.
Finding 2022-001
Federal agency: Department of Education Federal program title: Student Financial Assistance Cluster Assistance Listing Number: 84.007/84.033/84.038/84.063/84.268 Award Period: July 1, 2021 to June 30, 2022 Criteria or specific requirement: Uniform Grant Guidance (2 CFR 200.303) requires nonfederal Type of Finding: Significant Deficiency in Internal Control over Compliance entities receiving Federal awards establish and maintain internal controls designed to reasonably ensure compliance with Federal laws, regulations, and program compliance requirements. Effective internal controls should include procedures to ensure G5 drawdowns are formally reviewed by someone who did not prepare the drawdown to verify the correct amount is requested. Condition & Context: The University did not have a formal documented review process in place to ensure G5 drawdowns were reviewed prior to submitting the drawdown request. Questioned costs: None. Cause: Supervisory review is currently undocumented and is only communicated verbally. Effect: Failure to properly review Cash Management drawdowns could result in an improper amount of funds being requested. Repeat Finding: Yes, see 2021-003 for the prior year finding. Recommendation: ISU should implement formal review procedures to document that the Cash Management drawdown reviews are being performed to correct errors in a timely manner and to minimize the likelihood of errors going undetected. Views of responsible officials: Management agrees with this finding.
Finding 2022-001
Federal agency: Department of Education Federal program title: Student Financial Assistance Cluster Assistance Listing Number: 84.007/84.033/84.038/84.063/84.268 Award Period: July 1, 2021 to June 30, 2022 Criteria or specific requirement: Uniform Grant Guidance (2 CFR 200.303) requires nonfederal Type of Finding: Significant Deficiency in Internal Control over Compliance entities receiving Federal awards establish and maintain internal controls designed to reasonably ensure compliance with Federal laws, regulations, and program compliance requirements. Effective internal controls should include procedures to ensure G5 drawdowns are formally reviewed by someone who did not prepare the drawdown to verify the correct amount is requested. Condition & Context: The University did not have a formal documented review process in place to ensure G5 drawdowns were reviewed prior to submitting the drawdown request. Questioned costs: None. Cause: Supervisory review is currently undocumented and is only communicated verbally. Effect: Failure to properly review Cash Management drawdowns could result in an improper amount of funds being requested. Repeat Finding: Yes, see 2021-003 for the prior year finding. Recommendation: ISU should implement formal review procedures to document that the Cash Management drawdown reviews are being performed to correct errors in a timely manner and to minimize the likelihood of errors going undetected. Views of responsible officials: Management agrees with this finding.
Finding 2022-001
Federal agency: Department of Education Federal program title: Student Financial Assistance Cluster Assistance Listing Number: 84.007/84.033/84.038/84.063/84.268 Award Period: July 1, 2021 to June 30, 2022 Criteria or specific requirement: Uniform Grant Guidance (2 CFR 200.303) requires nonfederal Type of Finding: Significant Deficiency in Internal Control over Compliance entities receiving Federal awards establish and maintain internal controls designed to reasonably ensure compliance with Federal laws, regulations, and program compliance requirements. Effective internal controls should include procedures to ensure G5 drawdowns are formally reviewed by someone who did not prepare the drawdown to verify the correct amount is requested. Condition & Context: The University did not have a formal documented review process in place to ensure G5 drawdowns were reviewed prior to submitting the drawdown request. Questioned costs: None. Cause: Supervisory review is currently undocumented and is only communicated verbally. Effect: Failure to properly review Cash Management drawdowns could result in an improper amount of funds being requested. Repeat Finding: Yes, see 2021-003 for the prior year finding. Recommendation: ISU should implement formal review procedures to document that the Cash Management drawdown reviews are being performed to correct errors in a timely manner and to minimize the likelihood of errors going undetected. Views of responsible officials: Management agrees with this finding.
Finding 2022-001
Federal agency: Department of Education Federal program title: Student Financial Assistance Cluster Assistance Listing Number: 84.007/84.033/84.038/84.063/84.268 Award Period: July 1, 2021 to June 30, 2022 Criteria or specific requirement: Uniform Grant Guidance (2 CFR 200.303) requires nonfederal Type of Finding: Significant Deficiency in Internal Control over Compliance entities receiving Federal awards establish and maintain internal controls designed to reasonably ensure compliance with Federal laws, regulations, and program compliance requirements. Effective internal controls should include procedures to ensure G5 drawdowns are formally reviewed by someone who did not prepare the drawdown to verify the correct amount is requested. Condition & Context: The University did not have a formal documented review process in place to ensure G5 drawdowns were reviewed prior to submitting the drawdown request. Questioned costs: None. Cause: Supervisory review is currently undocumented and is only communicated verbally. Effect: Failure to properly review Cash Management drawdowns could result in an improper amount of funds being requested. Repeat Finding: Yes, see 2021-003 for the prior year finding. Recommendation: ISU should implement formal review procedures to document that the Cash Management drawdown reviews are being performed to correct errors in a timely manner and to minimize the likelihood of errors going undetected. Views of responsible officials: Management agrees with this finding.
Finding 2022-001
Federal agency: Department of Education Federal program title: Student Financial Assistance Cluster Assistance Listing Number: 84.007/84.033/84.038/84.063/84.268 Award Period: July 1, 2021 to June 30, 2022 Criteria or specific requirement: Uniform Grant Guidance (2 CFR 200.303) requires nonfederal Type of Finding: Significant Deficiency in Internal Control over Compliance entities receiving Federal awards establish and maintain internal controls designed to reasonably ensure compliance with Federal laws, regulations, and program compliance requirements. Effective internal controls should include procedures to ensure G5 drawdowns are formally reviewed by someone who did not prepare the drawdown to verify the correct amount is requested. Condition & Context: The University did not have a formal documented review process in place to ensure G5 drawdowns were reviewed prior to submitting the drawdown request. Questioned costs: None. Cause: Supervisory review is currently undocumented and is only communicated verbally. Effect: Failure to properly review Cash Management drawdowns could result in an improper amount of funds being requested. Repeat Finding: Yes, see 2021-003 for the prior year finding. Recommendation: ISU should implement formal review procedures to document that the Cash Management drawdown reviews are being performed to correct errors in a timely manner and to minimize the likelihood of errors going undetected. Views of responsible officials: Management agrees with this finding.
Finding 2022-001
Federal agency: Department of Education Federal program title: Student Financial Assistance Cluster Assistance Listing Number: 84.007/84.033/84.038/84.063/84.268 Award Period: July 1, 2021 to June 30, 2022 Criteria or specific requirement: Uniform Grant Guidance (2 CFR 200.303) requires nonfederal Type of Finding: Significant Deficiency in Internal Control over Compliance entities receiving Federal awards establish and maintain internal controls designed to reasonably ensure compliance with Federal laws, regulations, and program compliance requirements. Effective internal controls should include procedures to ensure G5 drawdowns are formally reviewed by someone who did not prepare the drawdown to verify the correct amount is requested. Condition & Context: The University did not have a formal documented review process in place to ensure G5 drawdowns were reviewed prior to submitting the drawdown request. Questioned costs: None. Cause: Supervisory review is currently undocumented and is only communicated verbally. Effect: Failure to properly review Cash Management drawdowns could result in an improper amount of funds being requested. Repeat Finding: Yes, see 2021-003 for the prior year finding. Recommendation: ISU should implement formal review procedures to document that the Cash Management drawdown reviews are being performed to correct errors in a timely manner and to minimize the likelihood of errors going undetected. Views of responsible officials: Management agrees with this finding.
Finding 2022-001
Federal agency: Department of Education Federal program title: Student Financial Assistance Cluster Assistance Listing Number: 84.007/84.033/84.038/84.063/84.268 Award Period: July 1, 2021 to June 30, 2022 Criteria or specific requirement: Uniform Grant Guidance (2 CFR 200.303) requires nonfederal Type of Finding: Significant Deficiency in Internal Control over Compliance entities receiving Federal awards establish and maintain internal controls designed to reasonably ensure compliance with Federal laws, regulations, and program compliance requirements. Effective internal controls should include procedures to ensure G5 drawdowns are formally reviewed by someone who did not prepare the drawdown to verify the correct amount is requested. Condition & Context: The University did not have a formal documented review process in place to ensure G5 drawdowns were reviewed prior to submitting the drawdown request. Questioned costs: None. Cause: Supervisory review is currently undocumented and is only communicated verbally. Effect: Failure to properly review Cash Management drawdowns could result in an improper amount of funds being requested. Repeat Finding: Yes, see 2021-003 for the prior year finding. Recommendation: ISU should implement formal review procedures to document that the Cash Management drawdown reviews are being performed to correct errors in a timely manner and to minimize the likelihood of errors going undetected. Views of responsible officials: Management agrees with this finding.
Finding 2022-001
Federal agency: Department of Education Federal program title: Student Financial Assistance Cluster Assistance Listing Number: 84.007/84.033/84.038/84.063/84.268 Award Period: July 1, 2021 to June 30, 2022 Criteria or specific requirement: Uniform Grant Guidance (2 CFR 200.303) requires nonfederal Type of Finding: Significant Deficiency in Internal Control over Compliance entities receiving Federal awards establish and maintain internal controls designed to reasonably ensure compliance with Federal laws, regulations, and program compliance requirements. Effective internal controls should include procedures to ensure G5 drawdowns are formally reviewed by someone who did not prepare the drawdown to verify the correct amount is requested. Condition & Context: The University did not have a formal documented review process in place to ensure G5 drawdowns were reviewed prior to submitting the drawdown request. Questioned costs: None. Cause: Supervisory review is currently undocumented and is only communicated verbally. Effect: Failure to properly review Cash Management drawdowns could result in an improper amount of funds being requested. Repeat Finding: Yes, see 2021-003 for the prior year finding. Recommendation: ISU should implement formal review procedures to document that the Cash Management drawdown reviews are being performed to correct errors in a timely manner and to minimize the likelihood of errors going undetected. Views of responsible officials: Management agrees with this finding.
Finding 2022-001
Federal agency: Department of Education Federal program title: Student Financial Assistance Cluster Assistance Listing Number: 84.007/84.033/84.038/84.063/84.268 Award Period: July 1, 2021 to June 30, 2022 Criteria or specific requirement: Uniform Grant Guidance (2 CFR 200.303) requires nonfederal Type of Finding: Significant Deficiency in Internal Control over Compliance entities receiving Federal awards establish and maintain internal controls designed to reasonably ensure compliance with Federal laws, regulations, and program compliance requirements. Effective internal controls should include procedures to ensure G5 drawdowns are formally reviewed by someone who did not prepare the drawdown to verify the correct amount is requested. Condition & Context: The University did not have a formal documented review process in place to ensure G5 drawdowns were reviewed prior to submitting the drawdown request. Questioned costs: None. Cause: Supervisory review is currently undocumented and is only communicated verbally. Effect: Failure to properly review Cash Management drawdowns could result in an improper amount of funds being requested. Repeat Finding: Yes, see 2021-003 for the prior year finding. Recommendation: ISU should implement formal review procedures to document that the Cash Management drawdown reviews are being performed to correct errors in a timely manner and to minimize the likelihood of errors going undetected. Views of responsible officials: Management agrees with this finding.
Finding 2022-001
Federal agency: Department of Education Federal program title: Student Financial Assistance Cluster Assistance Listing Number: 84.007/84.033/84.038/84.063/84.268 Award Period: July 1, 2021 to June 30, 2022 Criteria or specific requirement: Uniform Grant Guidance (2 CFR 200.303) requires nonfederal Type of Finding: Significant Deficiency in Internal Control over Compliance entities receiving Federal awards establish and maintain internal controls designed to reasonably ensure compliance with Federal laws, regulations, and program compliance requirements. Effective internal controls should include procedures to ensure G5 drawdowns are formally reviewed by someone who did not prepare the drawdown to verify the correct amount is requested. Condition & Context: The University did not have a formal documented review process in place to ensure G5 drawdowns were reviewed prior to submitting the drawdown request. Questioned costs: None. Cause: Supervisory review is currently undocumented and is only communicated verbally. Effect: Failure to properly review Cash Management drawdowns could result in an improper amount of funds being requested. Repeat Finding: Yes, see 2021-003 for the prior year finding. Recommendation: ISU should implement formal review procedures to document that the Cash Management drawdown reviews are being performed to correct errors in a timely manner and to minimize the likelihood of errors going undetected. Views of responsible officials: Management agrees with this finding.
Finding 2022-001
Federal agency: Department of Education Federal program title: Student Financial Assistance Cluster Assistance Listing Number: 84.007/84.033/84.038/84.063/84.268 Award Period: July 1, 2021 to June 30, 2022 Criteria or specific requirement: Uniform Grant Guidance (2 CFR 200.303) requires nonfederal Type of Finding: Significant Deficiency in Internal Control over Compliance entities receiving Federal awards establish and maintain internal controls designed to reasonably ensure compliance with Federal laws, regulations, and program compliance requirements. Effective internal controls should include procedures to ensure G5 drawdowns are formally reviewed by someone who did not prepare the drawdown to verify the correct amount is requested. Condition & Context: The University did not have a formal documented review process in place to ensure G5 drawdowns were reviewed prior to submitting the drawdown request. Questioned costs: None. Cause: Supervisory review is currently undocumented and is only communicated verbally. Effect: Failure to properly review Cash Management drawdowns could result in an improper amount of funds being requested. Repeat Finding: Yes, see 2021-003 for the prior year finding. Recommendation: ISU should implement formal review procedures to document that the Cash Management drawdown reviews are being performed to correct errors in a timely manner and to minimize the likelihood of errors going undetected. Views of responsible officials: Management agrees with this finding.
Finding 2022-001
Federal agency: Department of Education Federal program title: Student Financial Assistance Cluster Assistance Listing Number: 84.007/84.033/84.038/84.063/84.268 Award Period: July 1, 2021 to June 30, 2022 Criteria or specific requirement: Uniform Grant Guidance (2 CFR 200.303) requires nonfederal Type of Finding: Significant Deficiency in Internal Control over Compliance entities receiving Federal awards establish and maintain internal controls designed to reasonably ensure compliance with Federal laws, regulations, and program compliance requirements. Effective internal controls should include procedures to ensure G5 drawdowns are formally reviewed by someone who did not prepare the drawdown to verify the correct amount is requested. Condition & Context: The University did not have a formal documented review process in place to ensure G5 drawdowns were reviewed prior to submitting the drawdown request. Questioned costs: None. Cause: Supervisory review is currently undocumented and is only communicated verbally. Effect: Failure to properly review Cash Management drawdowns could result in an improper amount of funds being requested. Repeat Finding: Yes, see 2021-003 for the prior year finding. Recommendation: ISU should implement formal review procedures to document that the Cash Management drawdown reviews are being performed to correct errors in a timely manner and to minimize the likelihood of errors going undetected. Views of responsible officials: Management agrees with this finding.
Finding 2022-001
Federal agency: Department of Education Federal program title: Student Financial Assistance Cluster Assistance Listing Number: 84.007/84.033/84.038/84.063/84.268 Award Period: July 1, 2021 to June 30, 2022 Criteria or specific requirement: Uniform Grant Guidance (2 CFR 200.303) requires nonfederal Type of Finding: Significant Deficiency in Internal Control over Compliance entities receiving Federal awards establish and maintain internal controls designed to reasonably ensure compliance with Federal laws, regulations, and program compliance requirements. Effective internal controls should include procedures to ensure G5 drawdowns are formally reviewed by someone who did not prepare the drawdown to verify the correct amount is requested. Condition & Context: The University did not have a formal documented review process in place to ensure G5 drawdowns were reviewed prior to submitting the drawdown request. Questioned costs: None. Cause: Supervisory review is currently undocumented and is only communicated verbally. Effect: Failure to properly review Cash Management drawdowns could result in an improper amount of funds being requested. Repeat Finding: Yes, see 2021-003 for the prior year finding. Recommendation: ISU should implement formal review procedures to document that the Cash Management drawdown reviews are being performed to correct errors in a timely manner and to minimize the likelihood of errors going undetected. Views of responsible officials: Management agrees with this finding.
Finding 2022-001
Federal agency: Department of Education Federal program title: Student Financial Assistance Cluster Assistance Listing Number: 84.007/84.033/84.038/84.063/84.268 Award Period: July 1, 2021 to June 30, 2022 Criteria or specific requirement: Uniform Grant Guidance (2 CFR 200.303) requires nonfederal Type of Finding: Significant Deficiency in Internal Control over Compliance entities receiving Federal awards establish and maintain internal controls designed to reasonably ensure compliance with Federal laws, regulations, and program compliance requirements. Effective internal controls should include procedures to ensure G5 drawdowns are formally reviewed by someone who did not prepare the drawdown to verify the correct amount is requested. Condition & Context: The University did not have a formal documented review process in place to ensure G5 drawdowns were reviewed prior to submitting the drawdown request. Questioned costs: None. Cause: Supervisory review is currently undocumented and is only communicated verbally. Effect: Failure to properly review Cash Management drawdowns could result in an improper amount of funds being requested. Repeat Finding: Yes, see 2021-003 for the prior year finding. Recommendation: ISU should implement formal review procedures to document that the Cash Management drawdown reviews are being performed to correct errors in a timely manner and to minimize the likelihood of errors going undetected. Views of responsible officials: Management agrees with this finding.
Finding 2022-001
Federal agency: Department of Education Federal program title: Student Financial Assistance Cluster Assistance Listing Number: 84.007/84.033/84.038/84.063/84.268 Award Period: July 1, 2021 to June 30, 2022 Criteria or specific requirement: Uniform Grant Guidance (2 CFR 200.303) requires nonfederal Type of Finding: Significant Deficiency in Internal Control over Compliance entities receiving Federal awards establish and maintain internal controls designed to reasonably ensure compliance with Federal laws, regulations, and program compliance requirements. Effective internal controls should include procedures to ensure G5 drawdowns are formally reviewed by someone who did not prepare the drawdown to verify the correct amount is requested. Condition & Context: The University did not have a formal documented review process in place to ensure G5 drawdowns were reviewed prior to submitting the drawdown request. Questioned costs: None. Cause: Supervisory review is currently undocumented and is only communicated verbally. Effect: Failure to properly review Cash Management drawdowns could result in an improper amount of funds being requested. Repeat Finding: Yes, see 2021-003 for the prior year finding. Recommendation: ISU should implement formal review procedures to document that the Cash Management drawdown reviews are being performed to correct errors in a timely manner and to minimize the likelihood of errors going undetected. Views of responsible officials: Management agrees with this finding.
Finding 2022-001
Federal agency: Department of Education Federal program title: Student Financial Assistance Cluster Assistance Listing Number: 84.007/84.033/84.038/84.063/84.268 Award Period: July 1, 2021 to June 30, 2022 Criteria or specific requirement: Uniform Grant Guidance (2 CFR 200.303) requires nonfederal Type of Finding: Significant Deficiency in Internal Control over Compliance entities receiving Federal awards establish and maintain internal controls designed to reasonably ensure compliance with Federal laws, regulations, and program compliance requirements. Effective internal controls should include procedures to ensure G5 drawdowns are formally reviewed by someone who did not prepare the drawdown to verify the correct amount is requested. Condition & Context: The University did not have a formal documented review process in place to ensure G5 drawdowns were reviewed prior to submitting the drawdown request. Questioned costs: None. Cause: Supervisory review is currently undocumented and is only communicated verbally. Effect: Failure to properly review Cash Management drawdowns could result in an improper amount of funds being requested. Repeat Finding: Yes, see 2021-003 for the prior year finding. Recommendation: ISU should implement formal review procedures to document that the Cash Management drawdown reviews are being performed to correct errors in a timely manner and to minimize the likelihood of errors going undetected. Views of responsible officials: Management agrees with this finding.
Finding 2022-001
Federal agency: Department of Education Federal program title: Student Financial Assistance Cluster Assistance Listing Number: 84.007/84.033/84.038/84.063/84.268 Award Period: July 1, 2021 to June 30, 2022 Criteria or specific requirement: Uniform Grant Guidance (2 CFR 200.303) requires nonfederal Type of Finding: Significant Deficiency in Internal Control over Compliance entities receiving Federal awards establish and maintain internal controls designed to reasonably ensure compliance with Federal laws, regulations, and program compliance requirements. Effective internal controls should include procedures to ensure G5 drawdowns are formally reviewed by someone who did not prepare the drawdown to verify the correct amount is requested. Condition & Context: The University did not have a formal documented review process in place to ensure G5 drawdowns were reviewed prior to submitting the drawdown request. Questioned costs: None. Cause: Supervisory review is currently undocumented and is only communicated verbally. Effect: Failure to properly review Cash Management drawdowns could result in an improper amount of funds being requested. Repeat Finding: Yes, see 2021-003 for the prior year finding. Recommendation: ISU should implement formal review procedures to document that the Cash Management drawdown reviews are being performed to correct errors in a timely manner and to minimize the likelihood of errors going undetected. Views of responsible officials: Management agrees with this finding.
Finding 2022-001
Federal agency: Department of Education Federal program title: Student Financial Assistance Cluster Assistance Listing Number: 84.007/84.033/84.038/84.063/84.268 Award Period: July 1, 2021 to June 30, 2022 Criteria or specific requirement: Uniform Grant Guidance (2 CFR 200.303) requires nonfederal Type of Finding: Significant Deficiency in Internal Control over Compliance entities receiving Federal awards establish and maintain internal controls designed to reasonably ensure compliance with Federal laws, regulations, and program compliance requirements. Effective internal controls should include procedures to ensure G5 drawdowns are formally reviewed by someone who did not prepare the drawdown to verify the correct amount is requested. Condition & Context: The University did not have a formal documented review process in place to ensure G5 drawdowns were reviewed prior to submitting the drawdown request. Questioned costs: None. Cause: Supervisory review is currently undocumented and is only communicated verbally. Effect: Failure to properly review Cash Management drawdowns could result in an improper amount of funds being requested. Repeat Finding: Yes, see 2021-003 for the prior year finding. Recommendation: ISU should implement formal review procedures to document that the Cash Management drawdown reviews are being performed to correct errors in a timely manner and to minimize the likelihood of errors going undetected. Views of responsible officials: Management agrees with this finding.
Finding 2022-001
Federal agency: Department of Education Federal program title: Student Financial Assistance Cluster Assistance Listing Number: 84.007/84.033/84.038/84.063/84.268 Award Period: July 1, 2021 to June 30, 2022 Criteria or specific requirement: Uniform Grant Guidance (2 CFR 200.303) requires nonfederal Type of Finding: Significant Deficiency in Internal Control over Compliance entities receiving Federal awards establish and maintain internal controls designed to reasonably ensure compliance with Federal laws, regulations, and program compliance requirements. Effective internal controls should include procedures to ensure G5 drawdowns are formally reviewed by someone who did not prepare the drawdown to verify the correct amount is requested. Condition & Context: The University did not have a formal documented review process in place to ensure G5 drawdowns were reviewed prior to submitting the drawdown request. Questioned costs: None. Cause: Supervisory review is currently undocumented and is only communicated verbally. Effect: Failure to properly review Cash Management drawdowns could result in an improper amount of funds being requested. Repeat Finding: Yes, see 2021-003 for the prior year finding. Recommendation: ISU should implement formal review procedures to document that the Cash Management drawdown reviews are being performed to correct errors in a timely manner and to minimize the likelihood of errors going undetected. Views of responsible officials: Management agrees with this finding.
Finding 2022-001
Federal agency: Department of Education Federal program title: Student Financial Assistance Cluster Assistance Listing Number: 84.007/84.033/84.038/84.063/84.268 Award Period: July 1, 2021 to June 30, 2022 Criteria or specific requirement: Uniform Grant Guidance (2 CFR 200.303) requires nonfederal Type of Finding: Significant Deficiency in Internal Control over Compliance entities receiving Federal awards establish and maintain internal controls designed to reasonably ensure compliance with Federal laws, regulations, and program compliance requirements. Effective internal controls should include procedures to ensure G5 drawdowns are formally reviewed by someone who did not prepare the drawdown to verify the correct amount is requested. Condition & Context: The University did not have a formal documented review process in place to ensure G5 drawdowns were reviewed prior to submitting the drawdown request. Questioned costs: None. Cause: Supervisory review is currently undocumented and is only communicated verbally. Effect: Failure to properly review Cash Management drawdowns could result in an improper amount of funds being requested. Repeat Finding: Yes, see 2021-003 for the prior year finding. Recommendation: ISU should implement formal review procedures to document that the Cash Management drawdown reviews are being performed to correct errors in a timely manner and to minimize the likelihood of errors going undetected. Views of responsible officials: Management agrees with this finding.