FAC Explorer

Audit 2826

FY End
2023-06-30
Total Expended
$35.13M
Findings
4
Programs
14
Organization: Saint Xavier University (IL)
Year: 2023 Accepted: 2023-11-10
Auditor: Sikich LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1603 2023-001 - Yes N
1604 2023-002 - - N
578045 2023-001 - Yes N
578046 2023-002 - - N

Programs

ALN Program Spent Major Findings
84.268 Federal Direct Student Loans $17.21M Yes 2
84.063 Federal Pell Grant Program $9.12M Yes 0
84.038 Federal Perkins Loan Program $1.30M Yes 0
84.031 Higher Education_institutional Aid $929,676 Yes 0
84.033 Federal Work-Study Program $446,296 Yes 0
84.007 Federal Supplemental Educational Opportunity Grants $404,154 Yes 0
84.042 Trio_student Support Services $313,622 - 0
93.264 Nurse Faculty Loan Program (nflp) $159,047 Yes 0
93.575 Child Care and Development Block Grant $156,822 - 0
84.379 Teacher Education Assistance for College and Higher Education Grants (teach Grants) $107,502 Yes 0
84.425 Covid-19 Education Stabilization Fund $41,710 Yes 0
84.126 Rehabilitation Services_vocational Rehabilitation Grants to States $38,681 - 0
47.076 Education and Human Resources $17,725 - 0
93.461 Covid-19 Testing for the Uninsured $6,556 - 0

Contacts

Name Title Type
SETSHBEJV1M7 Robert Wallett Auditee
7732983019 Ray Krouse Auditor
No contacts on file

Notes to SEFA

Title: FEDERAL STUDENT LOAN PROGRAMS Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Saint Xavier University and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the financial statements. De Minimis Rate Used: Y Rate Explanation: The University has elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance. During the fiscal year ended June 30, 2023, students and their parents were awarded $17,207,860 of federally guaranteed loans under the Federal Direct Student Loan Program (programs include Stafford Loans, Parents' Loans for Undergraduate Students, and Unsubsideized Stafford Loans). The University is responsible only for the performance of certain administrative duties with respect to the federally guaranteed student loan programs and accordingly, balances and transactions relating to these loan programs are not included in the University's basic financial statements. Therefore, it is not practicable to determine the balance of loans outstanding to students and former students of the University at June 30, 2023. The University administers the Federal Perkins Loan Program and the Nurse Faculty Loan Program and the balances and transactions relating to these programs are included in the University's basic financial statements. No loans were made by the University under the Federal Perkins Loan Program and the Nurse Faculty Loan Program during the year ended June 30, 2023.
Title: OTHER INFORMATION Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Saint Xavier University and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the financial statements. De Minimis Rate Used: Y Rate Explanation: The University has elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance. Saint Xavier University did not receive any federal insurance or federal noncash assistance and did not provide any amounts to sub-recipients.

Finding Details

Finding 2023-001
Improper Return of Title IV Financial Aid - Student Financial Aid Cluster Assistance Listing #s 84.007, 84.033, 84.038, 84.063, 84.268, 84.379, 93.264 - Grant Period - Year Ended June 30, 2023 Criteria: According to 34 CFR 668.22 when a recipient of Title IV grant or loan assistance withdraws from a University during a payment period or period of enrollment in which the recipient began attendance, the University must determine the amount of Title IV grant or loan assistance that the student earned as of the student's withdrawal date. Condition: During our Return of Title IV Fund testing, we noted that the University did not calculate properly or return Title IV Student Financial Aid in the required time frame for two out of twenty-five students we tested. We consider the untimely returns and incorrect calculations of the Return of Title IV to be an instance of noncompliance to the Special Tests and Provisions Compliance Requirement. This is also a repeat finding reported in Section IV Prior Year Financial Statement and Federal Award findings as 2022-001. Statistical sampling was not used when making sample selections. Questioned Costs: $2,716 Effect: The University did not calculate properly the amount of Title IV funds to be returned or return unearned Title IV Funds to the U.S. Department of Education within the required time frame for two out of the twenty-five students tested. Cause: The University s internal controls did not detect errors in the amount of Title IV Funds to be returned nor did they ensure that Title IV funds were returned in the required time frame. Recommendation: We recommend the University implement controls to verify the dates of attendance and resulting R2T4 calculation to ensure the accurate calculation and return of unearned aid. Views of Responsible Officials: Management agrees with this finding and response is included in Corrective Action Plan.
Finding 2023-002
Late Return of Title IV Credit Balance - Student Financial Aid Cluster Assistance Listing #s 84.007, 84.033, 84.038, 84.063, 84.268, 84.379, 93.264- Grant Period - Year Ended June 30, 2023 Criteria: According to 34 CFR 668.164 a school must disburse a Title IV credit balance to a student no later than 14 days after the date it was created or no later than 14 days after the first day of class. Condition: During our Credit Balance testing, we noted that the University did not return the credit balances for two out of forty students we tested within the required time frame. We consider the untimely return of credit balance to the students accounts to be a significant deficiency to the Special Tests and Provisions Compliance Requirement. Statistical sampling was not used when making sample selections. Questioned Costs: $0 Effect: The University did not return the credit balance resulting from Title IV funds to the students within the required time frame for two out of the forty students tested. Cause: The University ensure that the credit balance resulting from Title IV Funds within the required time frame. Recommendation: We recommend the University implement controls to ensure the credit balance resulting from Title IV aid to the student is returned within the required time frame. Views of Responsible Officials: Management agrees with this finding and response is included in Corrective Action Plan.
Finding 2023-001
Improper Return of Title IV Financial Aid - Student Financial Aid Cluster Assistance Listing #s 84.007, 84.033, 84.038, 84.063, 84.268, 84.379, 93.264 - Grant Period - Year Ended June 30, 2023 Criteria: According to 34 CFR 668.22 when a recipient of Title IV grant or loan assistance withdraws from a University during a payment period or period of enrollment in which the recipient began attendance, the University must determine the amount of Title IV grant or loan assistance that the student earned as of the student's withdrawal date. Condition: During our Return of Title IV Fund testing, we noted that the University did not calculate properly or return Title IV Student Financial Aid in the required time frame for two out of twenty-five students we tested. We consider the untimely returns and incorrect calculations of the Return of Title IV to be an instance of noncompliance to the Special Tests and Provisions Compliance Requirement. This is also a repeat finding reported in Section IV Prior Year Financial Statement and Federal Award findings as 2022-001. Statistical sampling was not used when making sample selections. Questioned Costs: $2,716 Effect: The University did not calculate properly the amount of Title IV funds to be returned or return unearned Title IV Funds to the U.S. Department of Education within the required time frame for two out of the twenty-five students tested. Cause: The University s internal controls did not detect errors in the amount of Title IV Funds to be returned nor did they ensure that Title IV funds were returned in the required time frame. Recommendation: We recommend the University implement controls to verify the dates of attendance and resulting R2T4 calculation to ensure the accurate calculation and return of unearned aid. Views of Responsible Officials: Management agrees with this finding and response is included in Corrective Action Plan.
Finding 2023-002
Late Return of Title IV Credit Balance - Student Financial Aid Cluster Assistance Listing #s 84.007, 84.033, 84.038, 84.063, 84.268, 84.379, 93.264- Grant Period - Year Ended June 30, 2023 Criteria: According to 34 CFR 668.164 a school must disburse a Title IV credit balance to a student no later than 14 days after the date it was created or no later than 14 days after the first day of class. Condition: During our Credit Balance testing, we noted that the University did not return the credit balances for two out of forty students we tested within the required time frame. We consider the untimely return of credit balance to the students accounts to be a significant deficiency to the Special Tests and Provisions Compliance Requirement. Statistical sampling was not used when making sample selections. Questioned Costs: $0 Effect: The University did not return the credit balance resulting from Title IV funds to the students within the required time frame for two out of the forty students tested. Cause: The University ensure that the credit balance resulting from Title IV Funds within the required time frame. Recommendation: We recommend the University implement controls to ensure the credit balance resulting from Title IV aid to the student is returned within the required time frame. Views of Responsible Officials: Management agrees with this finding and response is included in Corrective Action Plan.