Audit 28359

FY End
2022-06-30
Total Expended
$112.71M
Findings
4
Programs
44
Organization: Vermont State Colleges (VT)
Year: 2022 Accepted: 2022-11-28

Organization Exclusion Status:

Checking exclusion status...

Findings

ID Ref Severity Repeat Requirement
32367 2022-001 Material Weakness Yes N
32368 2022-001 Material Weakness Yes N
608809 2022-001 Material Weakness Yes N
608810 2022-001 Material Weakness Yes N

Programs

ALN Program Spent Major Findings
84.268 Federal Direct Student Loans $26.26M - 1
84.063 Federal Pell Grant Program $13.84M - 1
21.019 Coronavirus Relief Fund $3.60M Yes 0
84.038 Federal Perkins Loan Program $3.28M - 0
84.042 Trio_student Support Services $1.55M Yes 0
84.047 Trio_upward Bound $1.50M Yes 0
84.033 Federal Work-Study Program $1.47M - 0
93.575 Child Care and Development Block Grant $1.31M - 0
84.007 Federal Supplemental Educational Opportunity Grants $1.10M - 0
84.031 Higher Education_institutional Aid $1.01M - 0
90.601 Northern Border Regional Development $514,939 - 0
84.425 Education Stabilization Fund $505,015 Yes 0
59.037 Small Business Development Centers $362,995 - 0
93.236 Grants to States to Support Oral Health Workforce Activities $334,372 - 0
84.217 Trio_mcnair Post-Baccalaureate Achievement $308,564 Yes 0
94.006 Americorps $306,604 - 0
84.048 Career and Technical Education -- Basic Grants to States $282,028 - 0
45.162 Promotion of the Humanities_teaching and Learning Resources and Curriculum Development $258,101 - 0
17.285 Apprenticeship USA Grants $181,814 - 0
84.334 Gaining Early Awareness and Readiness for Undergraduate Programs $119,763 - 0
47.050 Geosciences $107,258 - 0
11.611 Manufacturing Extension Partnership $65,896 - 0
10.855 Distance Learning and Telemedicine Loans and Grants $65,325 - 0
11.307 Economic Adjustment Assistance $57,247 - 0
93.243 Substance Abuse and Mental Health Services_projects of Regional and National Significance $48,907 - 0
21.027 Coronavirus State and Local Fiscal Recovery Funds $48,722 Yes 0
93.855 Allergy, Immunology and Transplantation Research $45,596 - 0
93.778 Medical Assistance Program $40,376 - 0
93.958 Block Grants for Community Mental Health Services $40,147 - 0
84.171 Child Care Mandatory and Matching Funds $36,000 - 0
93.434 Every Student Succeeds Act/preschool Development Grants $30,000 - 0
10.575 Farm to School Grant Program $28,162 - 0
93.959 Block Grants for Prevention and Treatment of Substance Abuse $25,725 - 0
10.351 Rural Business Development Grant $25,000 - 0
47.073 Nation Science Foundation $24,243 - 0
97.036 Disaster Grants - Public Assistance (presidentially Declared Disasters) $22,434 Yes 0
93.391 Activities to Support State, Tribal, Local and Territorial (stlt) Health Department Response to Public Health Or Healthcare Crises $18,771 - 0
43.001 Science $13,345 - 0
93.859 Biomedical Research and Research Training $11,260 - 0
11.467 Meteorologic and Hydrologic Modernization Development $7,986 - 0
43.008 Education $5,907 - 0
20.205 Highway Planning and Construction $3,691 - 0
45.025 Promotion of the Arts_partnership Agreements $1,543 - 0
93.888 Specially Selected Health Projects $880 - 0

Contacts

Name Title Type
XKUDY4MDJHX5 Toby Stewart Auditee
8024987568 Kieth Goldie Auditor
No contacts on file

Notes to SEFA

Title: Loan/loan guarantee outstanding balances Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal award activity of Vermont State Colleges (the Colleges) under programs of the Federal Government for the year ended June 30, 2022. The information on this schedule is prepared 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 College, it is not intended to and does not present the financial position, changes in net position or cash flows of the Colleges. Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. 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 1,469,809.

Finding Details

Finding number: 2022-001 Federal agency: U.S. Department of Education Programs: Student Financial Assistance Cluster CFDA #: 84.007, 84.033, 84.038, 84.063, 84.268 Award year:2022 Criteria According to 34 CFR 685.309(b)(2): Unless [the institution] it expects to submit its next updated enrollment report to the Secretary within the next 60 days, a school must notify the Secretary within 30 days after the date the school discovers that ? (i) A loan under Title IV of the Act was made to or on behalf of a student who was enrolled or accepted for enrollment at the school, and the student has ceased to be enrolled on at least a half-time basis or failed to enroll on at least a half-time basis for the period for which the loan was intended; or (ii) A student who is enrolled at the school and who received a loan under Title IV of the Act has changed his or her permanent address. The Dear Colleague Letter GEN-12-6 issued by the U.S. Department of Education (?ED?) on March 30, 2012 states that in addition to student loan borrowers, Enrollment Reporting files will include two additional groups of students: Pell Grant and Perkins Loan recipients. According to 2 CFR Part 200, Appendix XI Compliance Supplement updated June 2019: Under the Pell Grant and loan programs, institutions must complete and return within 15 days the Enrollment Reporting roster file placed in their Student Aid Internet Gateway mailboxes sent by ED via the National Student Loan Data System (?NSLDS?). The institution determines how often it receives the Enrollment Reporting roster file with the default set at a minimum of every 60 days. Once received, the institution must update for changes in student status, report the date the enrollment status was effective, enter the new anticipated completion date, and submit the changes electronically through the batch method or the NSLDS website. Institutions are responsible for timely reporting, whether they report directly or via a third-party servicer. Condition The Federal Government requires the Colleges to report student enrollment changes to the National Student Loan Data System (?NSLDS?) within 60 days. During our inquiry with management, one of the Colleges failed to report enrollment status changes, inclusive of graduation status records to the National Student Loan Data System (?NSLDS?) from Summer 2021 through Spring 2022. Cause One of the Colleges did not have the proper review procedures in place to ensure enrollment status changes were being reported to NSLDS. Effect The Colleges did not report the students' correct effective dates to NSLDS or were not reported within the required timeframe, which may impact the students? loan grace periods. Questioned Costs Not applicable Perspective Our sample was not, and was not intended to be, statistically valid. Since no students were reported to the NSLDS in the fiscal year 2022, a sample was not necessary as all students would not have been reported in the required timeframe and their student status would not be accurate. Identification as a Repeat Finding, if applicable See finding 2021-001 included in the summary schedule of prior year findings. Recommendation We recommend that management review its control procedures for reporting student financial aid data to the NSLDS to ensure proper controls are in place to ensure that all information is reported correctly and done with the required timeframe. View of Responsible Officials The Colleges agree with the finding.
Finding number: 2022-001 Federal agency: U.S. Department of Education Programs: Student Financial Assistance Cluster CFDA #: 84.007, 84.033, 84.038, 84.063, 84.268 Award year:2022 Criteria According to 34 CFR 685.309(b)(2): Unless [the institution] it expects to submit its next updated enrollment report to the Secretary within the next 60 days, a school must notify the Secretary within 30 days after the date the school discovers that ? (i) A loan under Title IV of the Act was made to or on behalf of a student who was enrolled or accepted for enrollment at the school, and the student has ceased to be enrolled on at least a half-time basis or failed to enroll on at least a half-time basis for the period for which the loan was intended; or (ii) A student who is enrolled at the school and who received a loan under Title IV of the Act has changed his or her permanent address. The Dear Colleague Letter GEN-12-6 issued by the U.S. Department of Education (?ED?) on March 30, 2012 states that in addition to student loan borrowers, Enrollment Reporting files will include two additional groups of students: Pell Grant and Perkins Loan recipients. According to 2 CFR Part 200, Appendix XI Compliance Supplement updated June 2019: Under the Pell Grant and loan programs, institutions must complete and return within 15 days the Enrollment Reporting roster file placed in their Student Aid Internet Gateway mailboxes sent by ED via the National Student Loan Data System (?NSLDS?). The institution determines how often it receives the Enrollment Reporting roster file with the default set at a minimum of every 60 days. Once received, the institution must update for changes in student status, report the date the enrollment status was effective, enter the new anticipated completion date, and submit the changes electronically through the batch method or the NSLDS website. Institutions are responsible for timely reporting, whether they report directly or via a third-party servicer. Condition The Federal Government requires the Colleges to report student enrollment changes to the National Student Loan Data System (?NSLDS?) within 60 days. During our inquiry with management, one of the Colleges failed to report enrollment status changes, inclusive of graduation status records to the National Student Loan Data System (?NSLDS?) from Summer 2021 through Spring 2022. Cause One of the Colleges did not have the proper review procedures in place to ensure enrollment status changes were being reported to NSLDS. Effect The Colleges did not report the students' correct effective dates to NSLDS or were not reported within the required timeframe, which may impact the students? loan grace periods. Questioned Costs Not applicable Perspective Our sample was not, and was not intended to be, statistically valid. Since no students were reported to the NSLDS in the fiscal year 2022, a sample was not necessary as all students would not have been reported in the required timeframe and their student status would not be accurate. Identification as a Repeat Finding, if applicable See finding 2021-001 included in the summary schedule of prior year findings. Recommendation We recommend that management review its control procedures for reporting student financial aid data to the NSLDS to ensure proper controls are in place to ensure that all information is reported correctly and done with the required timeframe. View of Responsible Officials The Colleges agree with the finding.
Finding number: 2022-001 Federal agency: U.S. Department of Education Programs: Student Financial Assistance Cluster CFDA #: 84.007, 84.033, 84.038, 84.063, 84.268 Award year:2022 Criteria According to 34 CFR 685.309(b)(2): Unless [the institution] it expects to submit its next updated enrollment report to the Secretary within the next 60 days, a school must notify the Secretary within 30 days after the date the school discovers that ? (i) A loan under Title IV of the Act was made to or on behalf of a student who was enrolled or accepted for enrollment at the school, and the student has ceased to be enrolled on at least a half-time basis or failed to enroll on at least a half-time basis for the period for which the loan was intended; or (ii) A student who is enrolled at the school and who received a loan under Title IV of the Act has changed his or her permanent address. The Dear Colleague Letter GEN-12-6 issued by the U.S. Department of Education (?ED?) on March 30, 2012 states that in addition to student loan borrowers, Enrollment Reporting files will include two additional groups of students: Pell Grant and Perkins Loan recipients. According to 2 CFR Part 200, Appendix XI Compliance Supplement updated June 2019: Under the Pell Grant and loan programs, institutions must complete and return within 15 days the Enrollment Reporting roster file placed in their Student Aid Internet Gateway mailboxes sent by ED via the National Student Loan Data System (?NSLDS?). The institution determines how often it receives the Enrollment Reporting roster file with the default set at a minimum of every 60 days. Once received, the institution must update for changes in student status, report the date the enrollment status was effective, enter the new anticipated completion date, and submit the changes electronically through the batch method or the NSLDS website. Institutions are responsible for timely reporting, whether they report directly or via a third-party servicer. Condition The Federal Government requires the Colleges to report student enrollment changes to the National Student Loan Data System (?NSLDS?) within 60 days. During our inquiry with management, one of the Colleges failed to report enrollment status changes, inclusive of graduation status records to the National Student Loan Data System (?NSLDS?) from Summer 2021 through Spring 2022. Cause One of the Colleges did not have the proper review procedures in place to ensure enrollment status changes were being reported to NSLDS. Effect The Colleges did not report the students' correct effective dates to NSLDS or were not reported within the required timeframe, which may impact the students? loan grace periods. Questioned Costs Not applicable Perspective Our sample was not, and was not intended to be, statistically valid. Since no students were reported to the NSLDS in the fiscal year 2022, a sample was not necessary as all students would not have been reported in the required timeframe and their student status would not be accurate. Identification as a Repeat Finding, if applicable See finding 2021-001 included in the summary schedule of prior year findings. Recommendation We recommend that management review its control procedures for reporting student financial aid data to the NSLDS to ensure proper controls are in place to ensure that all information is reported correctly and done with the required timeframe. View of Responsible Officials The Colleges agree with the finding.
Finding number: 2022-001 Federal agency: U.S. Department of Education Programs: Student Financial Assistance Cluster CFDA #: 84.007, 84.033, 84.038, 84.063, 84.268 Award year:2022 Criteria According to 34 CFR 685.309(b)(2): Unless [the institution] it expects to submit its next updated enrollment report to the Secretary within the next 60 days, a school must notify the Secretary within 30 days after the date the school discovers that ? (i) A loan under Title IV of the Act was made to or on behalf of a student who was enrolled or accepted for enrollment at the school, and the student has ceased to be enrolled on at least a half-time basis or failed to enroll on at least a half-time basis for the period for which the loan was intended; or (ii) A student who is enrolled at the school and who received a loan under Title IV of the Act has changed his or her permanent address. The Dear Colleague Letter GEN-12-6 issued by the U.S. Department of Education (?ED?) on March 30, 2012 states that in addition to student loan borrowers, Enrollment Reporting files will include two additional groups of students: Pell Grant and Perkins Loan recipients. According to 2 CFR Part 200, Appendix XI Compliance Supplement updated June 2019: Under the Pell Grant and loan programs, institutions must complete and return within 15 days the Enrollment Reporting roster file placed in their Student Aid Internet Gateway mailboxes sent by ED via the National Student Loan Data System (?NSLDS?). The institution determines how often it receives the Enrollment Reporting roster file with the default set at a minimum of every 60 days. Once received, the institution must update for changes in student status, report the date the enrollment status was effective, enter the new anticipated completion date, and submit the changes electronically through the batch method or the NSLDS website. Institutions are responsible for timely reporting, whether they report directly or via a third-party servicer. Condition The Federal Government requires the Colleges to report student enrollment changes to the National Student Loan Data System (?NSLDS?) within 60 days. During our inquiry with management, one of the Colleges failed to report enrollment status changes, inclusive of graduation status records to the National Student Loan Data System (?NSLDS?) from Summer 2021 through Spring 2022. Cause One of the Colleges did not have the proper review procedures in place to ensure enrollment status changes were being reported to NSLDS. Effect The Colleges did not report the students' correct effective dates to NSLDS or were not reported within the required timeframe, which may impact the students? loan grace periods. Questioned Costs Not applicable Perspective Our sample was not, and was not intended to be, statistically valid. Since no students were reported to the NSLDS in the fiscal year 2022, a sample was not necessary as all students would not have been reported in the required timeframe and their student status would not be accurate. Identification as a Repeat Finding, if applicable See finding 2021-001 included in the summary schedule of prior year findings. Recommendation We recommend that management review its control procedures for reporting student financial aid data to the NSLDS to ensure proper controls are in place to ensure that all information is reported correctly and done with the required timeframe. View of Responsible Officials The Colleges agree with the finding.