FAC Explorer

Audit 28940

FY End
2022-06-30
Total Expended
$10.13M
Findings
8
Programs
8
Organization: Corban University (OR)
Year: 2022 Accepted: 2023-02-09
Auditor: Capincrouse LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
33820 2022-002 - Yes N
33821 2022-002 - Yes N
33822 2022-003 - - L
33823 2022-003 - - L
610262 2022-002 - Yes N
610263 2022-002 - Yes N
610264 2022-003 - - L
610265 2022-003 - - L

Programs

ALN Program Spent Major Findings
84.268 Federal Direct Student Loans $5.35M Yes 1
84.425 Covid-19 Education Stabilization Fund Heerf - Institutional Portion $1.35M Yes 1
84.063 Federal Pell Grant Program $1.32M Yes 1
84.425 Covid-19 Education Stabilization Fund Heerf - Student Aid Portion $1.24M Yes 1
84.038 Federal Perkins Loan Program $595,908 Yes 0
84.033 Federal Work-Study Program $115,734 Yes 0
84.007 Federal Supplemental Educational Opportunity Grants $83,393 Yes 0
84.379 Teacher Education Assistance for College and Higher Education Grants (teach Grants) $77,326 Yes 0

Contacts

Name Title Type
D4WFRK6LUJ33 Patricia Shelton Auditee
5033757020 Tammara Williamson, CPA Auditor
No contacts on file

Notes to SEFA

Title: RELATIONSHIP TO FINANCIAL STATEMENTS Accounting Policies: The accompanying schedule of expenditures of federal awards (the schedule) includes the federal grant activity of Corban University (the University) under programs of the federal government 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). 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, 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: SUBRECIPIENTS, NON-CASH ASSISTANCE, FEDERAL INSURANCE, LOANS, AND LOAN GUAR Accounting Policies: The accompanying schedule of expenditures of federal awards (the schedule) includes the federal grant activity of Corban University (the University) under programs of the federal government 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). 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, 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: FEDERAL PERKINS LOAN PROGRAM Accounting Policies: The accompanying schedule of expenditures of federal awards (the schedule) includes the federal grant activity of Corban University (the University) under programs of the federal government 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). 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, 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.

Finding Details

Finding 2022-002
Enrollment Reporting to NSLDS DEPARTMENT OF EDUCATION ALN #: 84.268 and 84.063 Federal Award Identification #: 2021-22 Financial Aid Year Condition: The University did not report enrollment information to the National Student Loan Data System (NSLDS) for two students. Criteria: 34 CFR 690.83(b) and 34 CFR 685.309 Questioned Costs: $-0- Context: Out of 64 students tested, 2 students were not correctly reported. One student who had loans during the academic year had No Record Found, and one student was not reported as withdrawn after having all F's in the spring 2022 semester. Cause: These were oversights in the process. Effect: Inaccurate reporting can impact a student's loan grace period in school deferment eligibility, beginning loan repayments, appropriate interest charges, etc. Identification as repeat finding, if applicable: Yes, 2021-002 Recommendation: We recommend the University work with National Student Clearinghouse to detect and prevent these types of errors. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.
Finding 2022-002
Enrollment Reporting to NSLDS DEPARTMENT OF EDUCATION ALN #: 84.268 and 84.063 Federal Award Identification #: 2021-22 Financial Aid Year Condition: The University did not report enrollment information to the National Student Loan Data System (NSLDS) for two students. Criteria: 34 CFR 690.83(b) and 34 CFR 685.309 Questioned Costs: $-0- Context: Out of 64 students tested, 2 students were not correctly reported. One student who had loans during the academic year had No Record Found, and one student was not reported as withdrawn after having all F's in the spring 2022 semester. Cause: These were oversights in the process. Effect: Inaccurate reporting can impact a student's loan grace period in school deferment eligibility, beginning loan repayments, appropriate interest charges, etc. Identification as repeat finding, if applicable: Yes, 2021-002 Recommendation: We recommend the University work with National Student Clearinghouse to detect and prevent these types of errors. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.
Finding 2022-003
Inaccurate HEERF Reporting DEPARTMENT OF EDUCATION ALN #: 84.425E, 84.425F Federal Award Identification #: P425E204264 and P425F203597 Condition: The University did not accurately report the quarterly information for the institutional expenditures of funds for one quarter. Additionally, the student amounts disbursed on the annual report inaccurately reflected the fiscal year instead of the calendar year. Criteria: 2 CFR 200.329 Questioned Costs: $-0- Context: One quarter?s reporting for the institutional expenditures inaccurately did not report one category of lost revenue that was incurred and was posted late to the University's website. Additionally, the student amounts disbursed on the annual report inaccurately reflected the fiscal year instead of the calendar year. Cause: There was transition in all key personnel during the year. Effect: The information initially reported did not accurately reflect what had occurred at the University. Identification as repeat finding, if applicable: not applicable Recommendation: We recommend the University amend the institution?s quarterly report to include the lost revenue that was claimed. Additionally, we recommend the University amend the 2021 calendar year annual report in the next reporting cycle. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.
Finding 2022-003
Inaccurate HEERF Reporting DEPARTMENT OF EDUCATION ALN #: 84.425E, 84.425F Federal Award Identification #: P425E204264 and P425F203597 Condition: The University did not accurately report the quarterly information for the institutional expenditures of funds for one quarter. Additionally, the student amounts disbursed on the annual report inaccurately reflected the fiscal year instead of the calendar year. Criteria: 2 CFR 200.329 Questioned Costs: $-0- Context: One quarter?s reporting for the institutional expenditures inaccurately did not report one category of lost revenue that was incurred and was posted late to the University's website. Additionally, the student amounts disbursed on the annual report inaccurately reflected the fiscal year instead of the calendar year. Cause: There was transition in all key personnel during the year. Effect: The information initially reported did not accurately reflect what had occurred at the University. Identification as repeat finding, if applicable: not applicable Recommendation: We recommend the University amend the institution?s quarterly report to include the lost revenue that was claimed. Additionally, we recommend the University amend the 2021 calendar year annual report in the next reporting cycle. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.
Finding 2022-002
Enrollment Reporting to NSLDS DEPARTMENT OF EDUCATION ALN #: 84.268 and 84.063 Federal Award Identification #: 2021-22 Financial Aid Year Condition: The University did not report enrollment information to the National Student Loan Data System (NSLDS) for two students. Criteria: 34 CFR 690.83(b) and 34 CFR 685.309 Questioned Costs: $-0- Context: Out of 64 students tested, 2 students were not correctly reported. One student who had loans during the academic year had No Record Found, and one student was not reported as withdrawn after having all F's in the spring 2022 semester. Cause: These were oversights in the process. Effect: Inaccurate reporting can impact a student's loan grace period in school deferment eligibility, beginning loan repayments, appropriate interest charges, etc. Identification as repeat finding, if applicable: Yes, 2021-002 Recommendation: We recommend the University work with National Student Clearinghouse to detect and prevent these types of errors. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.
Finding 2022-002
Enrollment Reporting to NSLDS DEPARTMENT OF EDUCATION ALN #: 84.268 and 84.063 Federal Award Identification #: 2021-22 Financial Aid Year Condition: The University did not report enrollment information to the National Student Loan Data System (NSLDS) for two students. Criteria: 34 CFR 690.83(b) and 34 CFR 685.309 Questioned Costs: $-0- Context: Out of 64 students tested, 2 students were not correctly reported. One student who had loans during the academic year had No Record Found, and one student was not reported as withdrawn after having all F's in the spring 2022 semester. Cause: These were oversights in the process. Effect: Inaccurate reporting can impact a student's loan grace period in school deferment eligibility, beginning loan repayments, appropriate interest charges, etc. Identification as repeat finding, if applicable: Yes, 2021-002 Recommendation: We recommend the University work with National Student Clearinghouse to detect and prevent these types of errors. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.
Finding 2022-003
Inaccurate HEERF Reporting DEPARTMENT OF EDUCATION ALN #: 84.425E, 84.425F Federal Award Identification #: P425E204264 and P425F203597 Condition: The University did not accurately report the quarterly information for the institutional expenditures of funds for one quarter. Additionally, the student amounts disbursed on the annual report inaccurately reflected the fiscal year instead of the calendar year. Criteria: 2 CFR 200.329 Questioned Costs: $-0- Context: One quarter?s reporting for the institutional expenditures inaccurately did not report one category of lost revenue that was incurred and was posted late to the University's website. Additionally, the student amounts disbursed on the annual report inaccurately reflected the fiscal year instead of the calendar year. Cause: There was transition in all key personnel during the year. Effect: The information initially reported did not accurately reflect what had occurred at the University. Identification as repeat finding, if applicable: not applicable Recommendation: We recommend the University amend the institution?s quarterly report to include the lost revenue that was claimed. Additionally, we recommend the University amend the 2021 calendar year annual report in the next reporting cycle. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.
Finding 2022-003
Inaccurate HEERF Reporting DEPARTMENT OF EDUCATION ALN #: 84.425E, 84.425F Federal Award Identification #: P425E204264 and P425F203597 Condition: The University did not accurately report the quarterly information for the institutional expenditures of funds for one quarter. Additionally, the student amounts disbursed on the annual report inaccurately reflected the fiscal year instead of the calendar year. Criteria: 2 CFR 200.329 Questioned Costs: $-0- Context: One quarter?s reporting for the institutional expenditures inaccurately did not report one category of lost revenue that was incurred and was posted late to the University's website. Additionally, the student amounts disbursed on the annual report inaccurately reflected the fiscal year instead of the calendar year. Cause: There was transition in all key personnel during the year. Effect: The information initially reported did not accurately reflect what had occurred at the University. Identification as repeat finding, if applicable: not applicable Recommendation: We recommend the University amend the institution?s quarterly report to include the lost revenue that was claimed. Additionally, we recommend the University amend the 2021 calendar year annual report in the next reporting cycle. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.