FAC Explorer

Audit 28719

FY End
2022-06-30
Total Expended
$15.00M
Findings
14
Programs
11
Organization: Saint Elizabeth University (NJ)
Year: 2022 Accepted: 2023-04-21
Auditor: Capincrouse LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
34279 2022-003 Significant Deficiency - E
34280 2022-004 - - N
34281 2022-003 Significant Deficiency - E
34282 2022-003 Significant Deficiency - E
34283 2022-005 - Yes L
34284 2022-005 - Yes L
34285 2022-003 Significant Deficiency - E
610721 2022-003 Significant Deficiency - E
610722 2022-004 - - N
610723 2022-003 Significant Deficiency - E
610724 2022-003 Significant Deficiency - E
610725 2022-005 - Yes L
610726 2022-005 - Yes L
610727 2022-003 Significant Deficiency - E

Programs

ALN Program Spent Major Findings
84.268 Federal Direct Student Loans $10.18M Yes 2
84.063 Federal Pell Grant Program $2.01M Yes 1
84.425 Covid-19 Education Stabilization Fund Heerf - Student Aid Portion $1.11M Yes 0
84.038 Federal Perkins Loan Program $628,307 Yes 0
84.031 Higher Education_institutional Aid $336,818 - 0
84.425 Covid-19 Education Stabilization Fund Heerf - Minority Serving Institutions $190,296 Yes 1
47.076 Education and Human Resources $141,447 - 0
84.425 Covid-19 Governors Emergency Education Relief Fund $118,805 Yes 0
84.007 Federal Supplemental Educational Opportunity Grants $100,000 Yes 1
84.033 Federal Work-Study Program $100,000 Yes 1
84.425 Covid-19 Education Stabilization Fund Heerf - Institutional Portion $81,508 Yes 1

Contacts

Name Title Type
J29MF78RN2M3 Aaron Aska Auditee
9732904471 Fran Brown, CPA Auditor
No contacts on file

Notes to SEFA

Title: RELATIONSHIP TO FINANCIAL STATEMENTS Accounting Policies: The accompanying schedule of expenditures of federal awards and state financial assistance (the schedule) includes the federal and state grant activity of Saint Elizabeth University (the University) under programs of the federal and New Jersey state governments for the year ending June 30, 2022. The information in the schedule is presented in accordance with the requirements of the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) and New Jersey OMB Circular 15-08, Single Audit Policy for Recipients of Federal Grants, State Grants and State Aid (Circular 15-08). Therefore, some amounts presented in the schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. Expenditures in the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and Circular 15-08, wherein 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. If the University is required to match certain federal assistance, as defined by the grant agreements, no such matching has been included as expenditures in the schedule. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. See table in SEFA Note 3.
Title: FEDERAL PERKINS LOAN PROGRAM Accounting Policies: The accompanying schedule of expenditures of federal awards and state financial assistance (the schedule) includes the federal and state grant activity of Saint Elizabeth University (the University) under programs of the federal and New Jersey state governments for the year ending June 30, 2022. The information in the schedule is presented in accordance with the requirements of the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) and New Jersey OMB Circular 15-08, Single Audit Policy for Recipients of Federal Grants, State Grants and State Aid (Circular 15-08). Therefore, some amounts presented in the schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. Expenditures in the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and Circular 15-08, wherein 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. If the University is required to match certain federal assistance, as defined by the grant agreements, no such matching has been included as expenditures in the schedule. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. See table in SEFA Note 5.
Title: SUBRECIPIENTS, NON-CASH ASSISTANCE, FEDERAL INSURANCE, LOANS, AND LOAN GUAR Accounting Policies: The accompanying schedule of expenditures of federal awards and state financial assistance (the schedule) includes the federal and state grant activity of Saint Elizabeth University (the University) under programs of the federal and New Jersey state governments for the year ending June 30, 2022. The information in the schedule is presented in accordance with the requirements of the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) and New Jersey OMB Circular 15-08, Single Audit Policy for Recipients of Federal Grants, State Grants and State Aid (Circular 15-08). Therefore, some amounts presented in the schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. Expenditures in the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and Circular 15-08, wherein 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. If the University is required to match certain federal assistance, as defined by the grant agreements, no such matching has been included as expenditures in the schedule. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. The University did not provide any federal funds to subrecipients nor did they receive any federal non-cash assistance, insurance, loans, or loan guarantees.
Title: COVID-19 HEERF FUNDS Accounting Policies: The accompanying schedule of expenditures of federal awards and state financial assistance (the schedule) includes the federal and state grant activity of Saint Elizabeth University (the University) under programs of the federal and New Jersey state governments for the year ending June 30, 2022. The information in the schedule is presented in accordance with the requirements of the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) and New Jersey OMB Circular 15-08, Single Audit Policy for Recipients of Federal Grants, State Grants and State Aid (Circular 15-08). Therefore, some amounts presented in the schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. Expenditures in the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and Circular 15-08, wherein 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. If the University is required to match certain federal assistance, as defined by the grant agreements, no such matching has been included as expenditures in the schedule. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. The CARES, CRRSA and ARP Acts required that the University spend a minimum of $2,236,280 of the HEERF funding allocations for emergency financial aid grants to students. As of June 30, 2022, the University has $340,304 remaining to be disbursed to students by June 30, 2023, to meet this minimum.

Finding Details

Finding 2022-003
Satisfactory Academic Progress Appeals Significant Deficiency DEPARTMENT OF EDUCATION ALN #: 84.268, 84.063, 84.007, and 84.033 Federal Award Identification #: 2021-22 Financial Aid Year Condition: The University was not adequately assessing satisfactory academic progress (SAP) which resulted in financial aid being awarded to ineligible students as they did not have SAP appeals on file. Criteria: 34 CFR 668.34(c) Questioned Costs: $17,473 Context: 2 students out of 60 tested were awarded federal aid but were ineligible due to not meeting SAP requirements and did not have an approved appeal to reinstate eligibility. The University believes these students would have been granted an approved appeal had they completed the official appeal form. Cause: Management oversight. Turnover in staffing. Effect: There is a potential for students to have received federal aid that were not eligible and did not have a formal appeal submitted. Identification as repeat finding, if applicable: Not applicable. Recommendation: We recommend that the University only provide federal aid to those students who were not meeting SAP who had an approved appeal documented. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.
Finding 2022-004
Federal Direct Loans Reconciliations DEPARTMENT OF EDUCATION ALN #: 84.268 Federal Direct Student Loans Federal Award Identification #: 2021-22 Financial Aid Year Condition: The University did not adequately complete monthly reconciliations for Federal Direct Loans. Criteria: 34 CFR 685.300(b)(5) Questioned Costs: $0 Context: During the audit, it was determined that the University did not properly complete the mandatory monthly reconciliations for Federal Direct Loans. Cause: Staff turnover and management oversight. Effect: The University was not in compliance with the reconciliation requirements. Identification as repeat finding, if applicable: Not applicable. Recommendation: We recommend that the University review the reconciliation requirements and properly complete the mandatory monthly reconciliations for Federal Direct Loans. The University should also review or refer to the U.S. Department of Education (ED) announcement DL-22-07 which included information to assist higher education institutions with the mandatory reconciliation requirements for the Federal Direct Loan Program. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.
Finding 2022-003
Satisfactory Academic Progress Appeals Significant Deficiency DEPARTMENT OF EDUCATION ALN #: 84.268, 84.063, 84.007, and 84.033 Federal Award Identification #: 2021-22 Financial Aid Year Condition: The University was not adequately assessing satisfactory academic progress (SAP) which resulted in financial aid being awarded to ineligible students as they did not have SAP appeals on file. Criteria: 34 CFR 668.34(c) Questioned Costs: $17,473 Context: 2 students out of 60 tested were awarded federal aid but were ineligible due to not meeting SAP requirements and did not have an approved appeal to reinstate eligibility. The University believes these students would have been granted an approved appeal had they completed the official appeal form. Cause: Management oversight. Turnover in staffing. Effect: There is a potential for students to have received federal aid that were not eligible and did not have a formal appeal submitted. Identification as repeat finding, if applicable: Not applicable. Recommendation: We recommend that the University only provide federal aid to those students who were not meeting SAP who had an approved appeal documented. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.
Finding 2022-003
Satisfactory Academic Progress Appeals Significant Deficiency DEPARTMENT OF EDUCATION ALN #: 84.268, 84.063, 84.007, and 84.033 Federal Award Identification #: 2021-22 Financial Aid Year Condition: The University was not adequately assessing satisfactory academic progress (SAP) which resulted in financial aid being awarded to ineligible students as they did not have SAP appeals on file. Criteria: 34 CFR 668.34(c) Questioned Costs: $17,473 Context: 2 students out of 60 tested were awarded federal aid but were ineligible due to not meeting SAP requirements and did not have an approved appeal to reinstate eligibility. The University believes these students would have been granted an approved appeal had they completed the official appeal form. Cause: Management oversight. Turnover in staffing. Effect: There is a potential for students to have received federal aid that were not eligible and did not have a formal appeal submitted. Identification as repeat finding, if applicable: Not applicable. Recommendation: We recommend that the University only provide federal aid to those students who were not meeting SAP who had an approved appeal documented. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.
Finding 2022-005
Higher Education Stabilization Fund (HEERF) Reporting DEPARTMENT OF EDUCATION ALN #: 84.425F and 84.425L Federal Award Identification #: 2021-22 Financial Aid Year Condition: While the University reported the HEERF student emergency grants disbursed each quarter, the HEERF institutional quarterly reporting was not completed and posted to the University?s website. Criteria: 2 CFR 200.329, 86 FR 26213 The University was required to post the Institutional Quarterly Report to their website within 10 days of the end of the quarter in which the funds were spent. Questioned Costs: $0 Context: During the audit, it was noted that the University did not complete the HEERF quarterly reporting requirements and make available on their website as listed in their grant agreements for the institutional and minority serving institution portions of their HEERF funding. Cause: Turnover in staffing. There were multiple rounds of HEERF funding released, each with different requirements, which led to a gap in understanding of the requirements of the HEERF reporting. Effect: The University was not in compliance with the reporting requirements of HEERF. Identification as repeat finding, if applicable: 2021-005 Recommendation: We recommend that the University complete the HEERF quarterly reporting and make this available on their website until they no longer need to based on compliance requirements. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.
Finding 2022-005
Higher Education Stabilization Fund (HEERF) Reporting DEPARTMENT OF EDUCATION ALN #: 84.425F and 84.425L Federal Award Identification #: 2021-22 Financial Aid Year Condition: While the University reported the HEERF student emergency grants disbursed each quarter, the HEERF institutional quarterly reporting was not completed and posted to the University?s website. Criteria: 2 CFR 200.329, 86 FR 26213 The University was required to post the Institutional Quarterly Report to their website within 10 days of the end of the quarter in which the funds were spent. Questioned Costs: $0 Context: During the audit, it was noted that the University did not complete the HEERF quarterly reporting requirements and make available on their website as listed in their grant agreements for the institutional and minority serving institution portions of their HEERF funding. Cause: Turnover in staffing. There were multiple rounds of HEERF funding released, each with different requirements, which led to a gap in understanding of the requirements of the HEERF reporting. Effect: The University was not in compliance with the reporting requirements of HEERF. Identification as repeat finding, if applicable: 2021-005 Recommendation: We recommend that the University complete the HEERF quarterly reporting and make this available on their website until they no longer need to based on compliance requirements. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.
Finding 2022-003
Satisfactory Academic Progress Appeals Significant Deficiency DEPARTMENT OF EDUCATION ALN #: 84.268, 84.063, 84.007, and 84.033 Federal Award Identification #: 2021-22 Financial Aid Year Condition: The University was not adequately assessing satisfactory academic progress (SAP) which resulted in financial aid being awarded to ineligible students as they did not have SAP appeals on file. Criteria: 34 CFR 668.34(c) Questioned Costs: $17,473 Context: 2 students out of 60 tested were awarded federal aid but were ineligible due to not meeting SAP requirements and did not have an approved appeal to reinstate eligibility. The University believes these students would have been granted an approved appeal had they completed the official appeal form. Cause: Management oversight. Turnover in staffing. Effect: There is a potential for students to have received federal aid that were not eligible and did not have a formal appeal submitted. Identification as repeat finding, if applicable: Not applicable. Recommendation: We recommend that the University only provide federal aid to those students who were not meeting SAP who had an approved appeal documented. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.
Finding 2022-003
Satisfactory Academic Progress Appeals Significant Deficiency DEPARTMENT OF EDUCATION ALN #: 84.268, 84.063, 84.007, and 84.033 Federal Award Identification #: 2021-22 Financial Aid Year Condition: The University was not adequately assessing satisfactory academic progress (SAP) which resulted in financial aid being awarded to ineligible students as they did not have SAP appeals on file. Criteria: 34 CFR 668.34(c) Questioned Costs: $17,473 Context: 2 students out of 60 tested were awarded federal aid but were ineligible due to not meeting SAP requirements and did not have an approved appeal to reinstate eligibility. The University believes these students would have been granted an approved appeal had they completed the official appeal form. Cause: Management oversight. Turnover in staffing. Effect: There is a potential for students to have received federal aid that were not eligible and did not have a formal appeal submitted. Identification as repeat finding, if applicable: Not applicable. Recommendation: We recommend that the University only provide federal aid to those students who were not meeting SAP who had an approved appeal documented. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.
Finding 2022-004
Federal Direct Loans Reconciliations DEPARTMENT OF EDUCATION ALN #: 84.268 Federal Direct Student Loans Federal Award Identification #: 2021-22 Financial Aid Year Condition: The University did not adequately complete monthly reconciliations for Federal Direct Loans. Criteria: 34 CFR 685.300(b)(5) Questioned Costs: $0 Context: During the audit, it was determined that the University did not properly complete the mandatory monthly reconciliations for Federal Direct Loans. Cause: Staff turnover and management oversight. Effect: The University was not in compliance with the reconciliation requirements. Identification as repeat finding, if applicable: Not applicable. Recommendation: We recommend that the University review the reconciliation requirements and properly complete the mandatory monthly reconciliations for Federal Direct Loans. The University should also review or refer to the U.S. Department of Education (ED) announcement DL-22-07 which included information to assist higher education institutions with the mandatory reconciliation requirements for the Federal Direct Loan Program. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.
Finding 2022-003
Satisfactory Academic Progress Appeals Significant Deficiency DEPARTMENT OF EDUCATION ALN #: 84.268, 84.063, 84.007, and 84.033 Federal Award Identification #: 2021-22 Financial Aid Year Condition: The University was not adequately assessing satisfactory academic progress (SAP) which resulted in financial aid being awarded to ineligible students as they did not have SAP appeals on file. Criteria: 34 CFR 668.34(c) Questioned Costs: $17,473 Context: 2 students out of 60 tested were awarded federal aid but were ineligible due to not meeting SAP requirements and did not have an approved appeal to reinstate eligibility. The University believes these students would have been granted an approved appeal had they completed the official appeal form. Cause: Management oversight. Turnover in staffing. Effect: There is a potential for students to have received federal aid that were not eligible and did not have a formal appeal submitted. Identification as repeat finding, if applicable: Not applicable. Recommendation: We recommend that the University only provide federal aid to those students who were not meeting SAP who had an approved appeal documented. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.
Finding 2022-003
Satisfactory Academic Progress Appeals Significant Deficiency DEPARTMENT OF EDUCATION ALN #: 84.268, 84.063, 84.007, and 84.033 Federal Award Identification #: 2021-22 Financial Aid Year Condition: The University was not adequately assessing satisfactory academic progress (SAP) which resulted in financial aid being awarded to ineligible students as they did not have SAP appeals on file. Criteria: 34 CFR 668.34(c) Questioned Costs: $17,473 Context: 2 students out of 60 tested were awarded federal aid but were ineligible due to not meeting SAP requirements and did not have an approved appeal to reinstate eligibility. The University believes these students would have been granted an approved appeal had they completed the official appeal form. Cause: Management oversight. Turnover in staffing. Effect: There is a potential for students to have received federal aid that were not eligible and did not have a formal appeal submitted. Identification as repeat finding, if applicable: Not applicable. Recommendation: We recommend that the University only provide federal aid to those students who were not meeting SAP who had an approved appeal documented. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.
Finding 2022-005
Higher Education Stabilization Fund (HEERF) Reporting DEPARTMENT OF EDUCATION ALN #: 84.425F and 84.425L Federal Award Identification #: 2021-22 Financial Aid Year Condition: While the University reported the HEERF student emergency grants disbursed each quarter, the HEERF institutional quarterly reporting was not completed and posted to the University?s website. Criteria: 2 CFR 200.329, 86 FR 26213 The University was required to post the Institutional Quarterly Report to their website within 10 days of the end of the quarter in which the funds were spent. Questioned Costs: $0 Context: During the audit, it was noted that the University did not complete the HEERF quarterly reporting requirements and make available on their website as listed in their grant agreements for the institutional and minority serving institution portions of their HEERF funding. Cause: Turnover in staffing. There were multiple rounds of HEERF funding released, each with different requirements, which led to a gap in understanding of the requirements of the HEERF reporting. Effect: The University was not in compliance with the reporting requirements of HEERF. Identification as repeat finding, if applicable: 2021-005 Recommendation: We recommend that the University complete the HEERF quarterly reporting and make this available on their website until they no longer need to based on compliance requirements. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.
Finding 2022-005
Higher Education Stabilization Fund (HEERF) Reporting DEPARTMENT OF EDUCATION ALN #: 84.425F and 84.425L Federal Award Identification #: 2021-22 Financial Aid Year Condition: While the University reported the HEERF student emergency grants disbursed each quarter, the HEERF institutional quarterly reporting was not completed and posted to the University?s website. Criteria: 2 CFR 200.329, 86 FR 26213 The University was required to post the Institutional Quarterly Report to their website within 10 days of the end of the quarter in which the funds were spent. Questioned Costs: $0 Context: During the audit, it was noted that the University did not complete the HEERF quarterly reporting requirements and make available on their website as listed in their grant agreements for the institutional and minority serving institution portions of their HEERF funding. Cause: Turnover in staffing. There were multiple rounds of HEERF funding released, each with different requirements, which led to a gap in understanding of the requirements of the HEERF reporting. Effect: The University was not in compliance with the reporting requirements of HEERF. Identification as repeat finding, if applicable: 2021-005 Recommendation: We recommend that the University complete the HEERF quarterly reporting and make this available on their website until they no longer need to based on compliance requirements. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.
Finding 2022-003
Satisfactory Academic Progress Appeals Significant Deficiency DEPARTMENT OF EDUCATION ALN #: 84.268, 84.063, 84.007, and 84.033 Federal Award Identification #: 2021-22 Financial Aid Year Condition: The University was not adequately assessing satisfactory academic progress (SAP) which resulted in financial aid being awarded to ineligible students as they did not have SAP appeals on file. Criteria: 34 CFR 668.34(c) Questioned Costs: $17,473 Context: 2 students out of 60 tested were awarded federal aid but were ineligible due to not meeting SAP requirements and did not have an approved appeal to reinstate eligibility. The University believes these students would have been granted an approved appeal had they completed the official appeal form. Cause: Management oversight. Turnover in staffing. Effect: There is a potential for students to have received federal aid that were not eligible and did not have a formal appeal submitted. Identification as repeat finding, if applicable: Not applicable. Recommendation: We recommend that the University only provide federal aid to those students who were not meeting SAP who had an approved appeal documented. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.