FAC Explorer

Audit 292987

FY End
2023-06-30
Total Expended
$1.22M
Findings
8
Programs
5
Organization: Central Christian College of the Bible (MO)
Year: 2023 Accepted: 2024-02-29
Auditor: Capincrouse LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
371312 2023-002 - - N
371313 2023-002 - - N
371314 2023-002 - - N
371315 2023-002 - - N
947754 2023-002 - - N
947755 2023-002 - - N
947756 2023-002 - - N
947757 2023-002 - - N

Programs

ALN Program Spent Major Findings
84.268 Federal Direct Student Loans $662,340 Yes 1
84.063 Federal Pell Grant Program $471,986 Yes 1
84.425 Covid-19 Education Stabilization Fund Heerf - Saarp $66,668 - 0
84.007 Federal Supplemental Educational Opportunity Grants $9,228 Yes 1
84.033 Federal Work-Study Program $7,130 Yes 1

Contacts

Name Title Type
R61FSUDTXWX4 Veronica Hamblin Auditee
6603722542 Chris Dukate, CPA Auditor
No contacts on file

Notes to SEFA

Title: RELATIONSHIP TO THE CONSOLIDATED FINANCIAL STATEMENTS Accounting Policies: The accompanying schedule of expenditures of federal awards (the schedule) includes the federal grant activity of Central Christian College of the Bible under programs of the federal government for the year ended June 30, 2023. 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 consolidated 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 Central Christian College of the Bible 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 the Notes to the SEFA for chart/table
Title: SUBRECIPIENTS, NON-CASH ASSISTANCE, FEDERAL INSURANCE, LOANS, AND LOAN GUARANTEES Accounting Policies: The accompanying schedule of expenditures of federal awards (the schedule) includes the federal grant activity of Central Christian College of the Bible under programs of the federal government for the year ended June 30, 2023. 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 consolidated 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 Central Christian College of the Bible 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 Central Christian College of the Bible did not provide any federal funds to subrecipients nor did they receive any federal non-cash assistance, insurance, loans, or loan guarantees.

Finding Details

Finding 2023-002
Gramm-Leach-Bliley Act (GLBA) Compliance Other Matter DEPARTMENT OF EDUCATION ALN #: 84.268, 84.063, 84.007, and 84.033 -Student Financial Assistance Cluster Federal Award Identification #: 2022-2023 Financial Aid Year Condition: The College did not sufficiently comply with the updated requirements of GLBA. Criteria: 16 CFR 314.3, 16 CFR 314.4 Questioned Costs: $0 Context: The College has not updated its written information security program to align with the revised regulations, sufficiently documented its security risk assessment and safeguards, including general threats, or implemented multi-factor authentication on all systems containing personally identifiable information (PII). Additionally, the College has not implemented sufficient vendor management policies and reviews and documented the work performed, or provided a written, annual report to the board Cause: The College has not allocated sufficient resources to address and document compliance with the requirements of GLBA. Effect: The College has not adequately addressed the requirements of GLBA, which may lead to unintended exposure of student information to security risks. Identification as repeat finding, if applicable: Not applicable Recommendation: We recommend the College allocate sufficient resources to address all requirements of GLBA. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.
Finding 2023-002
Gramm-Leach-Bliley Act (GLBA) Compliance Other Matter DEPARTMENT OF EDUCATION ALN #: 84.268, 84.063, 84.007, and 84.033 -Student Financial Assistance Cluster Federal Award Identification #: 2022-2023 Financial Aid Year Condition: The College did not sufficiently comply with the updated requirements of GLBA. Criteria: 16 CFR 314.3, 16 CFR 314.4 Questioned Costs: $0 Context: The College has not updated its written information security program to align with the revised regulations, sufficiently documented its security risk assessment and safeguards, including general threats, or implemented multi-factor authentication on all systems containing personally identifiable information (PII). Additionally, the College has not implemented sufficient vendor management policies and reviews and documented the work performed, or provided a written, annual report to the board Cause: The College has not allocated sufficient resources to address and document compliance with the requirements of GLBA. Effect: The College has not adequately addressed the requirements of GLBA, which may lead to unintended exposure of student information to security risks. Identification as repeat finding, if applicable: Not applicable Recommendation: We recommend the College allocate sufficient resources to address all requirements of GLBA. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.
Finding 2023-002
Gramm-Leach-Bliley Act (GLBA) Compliance Other Matter DEPARTMENT OF EDUCATION ALN #: 84.268, 84.063, 84.007, and 84.033 -Student Financial Assistance Cluster Federal Award Identification #: 2022-2023 Financial Aid Year Condition: The College did not sufficiently comply with the updated requirements of GLBA. Criteria: 16 CFR 314.3, 16 CFR 314.4 Questioned Costs: $0 Context: The College has not updated its written information security program to align with the revised regulations, sufficiently documented its security risk assessment and safeguards, including general threats, or implemented multi-factor authentication on all systems containing personally identifiable information (PII). Additionally, the College has not implemented sufficient vendor management policies and reviews and documented the work performed, or provided a written, annual report to the board Cause: The College has not allocated sufficient resources to address and document compliance with the requirements of GLBA. Effect: The College has not adequately addressed the requirements of GLBA, which may lead to unintended exposure of student information to security risks. Identification as repeat finding, if applicable: Not applicable Recommendation: We recommend the College allocate sufficient resources to address all requirements of GLBA. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.
Finding 2023-002
Gramm-Leach-Bliley Act (GLBA) Compliance Other Matter DEPARTMENT OF EDUCATION ALN #: 84.268, 84.063, 84.007, and 84.033 -Student Financial Assistance Cluster Federal Award Identification #: 2022-2023 Financial Aid Year Condition: The College did not sufficiently comply with the updated requirements of GLBA. Criteria: 16 CFR 314.3, 16 CFR 314.4 Questioned Costs: $0 Context: The College has not updated its written information security program to align with the revised regulations, sufficiently documented its security risk assessment and safeguards, including general threats, or implemented multi-factor authentication on all systems containing personally identifiable information (PII). Additionally, the College has not implemented sufficient vendor management policies and reviews and documented the work performed, or provided a written, annual report to the board Cause: The College has not allocated sufficient resources to address and document compliance with the requirements of GLBA. Effect: The College has not adequately addressed the requirements of GLBA, which may lead to unintended exposure of student information to security risks. Identification as repeat finding, if applicable: Not applicable Recommendation: We recommend the College allocate sufficient resources to address all requirements of GLBA. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.
Finding 2023-002
Gramm-Leach-Bliley Act (GLBA) Compliance Other Matter DEPARTMENT OF EDUCATION ALN #: 84.268, 84.063, 84.007, and 84.033 -Student Financial Assistance Cluster Federal Award Identification #: 2022-2023 Financial Aid Year Condition: The College did not sufficiently comply with the updated requirements of GLBA. Criteria: 16 CFR 314.3, 16 CFR 314.4 Questioned Costs: $0 Context: The College has not updated its written information security program to align with the revised regulations, sufficiently documented its security risk assessment and safeguards, including general threats, or implemented multi-factor authentication on all systems containing personally identifiable information (PII). Additionally, the College has not implemented sufficient vendor management policies and reviews and documented the work performed, or provided a written, annual report to the board Cause: The College has not allocated sufficient resources to address and document compliance with the requirements of GLBA. Effect: The College has not adequately addressed the requirements of GLBA, which may lead to unintended exposure of student information to security risks. Identification as repeat finding, if applicable: Not applicable Recommendation: We recommend the College allocate sufficient resources to address all requirements of GLBA. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.
Finding 2023-002
Gramm-Leach-Bliley Act (GLBA) Compliance Other Matter DEPARTMENT OF EDUCATION ALN #: 84.268, 84.063, 84.007, and 84.033 -Student Financial Assistance Cluster Federal Award Identification #: 2022-2023 Financial Aid Year Condition: The College did not sufficiently comply with the updated requirements of GLBA. Criteria: 16 CFR 314.3, 16 CFR 314.4 Questioned Costs: $0 Context: The College has not updated its written information security program to align with the revised regulations, sufficiently documented its security risk assessment and safeguards, including general threats, or implemented multi-factor authentication on all systems containing personally identifiable information (PII). Additionally, the College has not implemented sufficient vendor management policies and reviews and documented the work performed, or provided a written, annual report to the board Cause: The College has not allocated sufficient resources to address and document compliance with the requirements of GLBA. Effect: The College has not adequately addressed the requirements of GLBA, which may lead to unintended exposure of student information to security risks. Identification as repeat finding, if applicable: Not applicable Recommendation: We recommend the College allocate sufficient resources to address all requirements of GLBA. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.
Finding 2023-002
Gramm-Leach-Bliley Act (GLBA) Compliance Other Matter DEPARTMENT OF EDUCATION ALN #: 84.268, 84.063, 84.007, and 84.033 -Student Financial Assistance Cluster Federal Award Identification #: 2022-2023 Financial Aid Year Condition: The College did not sufficiently comply with the updated requirements of GLBA. Criteria: 16 CFR 314.3, 16 CFR 314.4 Questioned Costs: $0 Context: The College has not updated its written information security program to align with the revised regulations, sufficiently documented its security risk assessment and safeguards, including general threats, or implemented multi-factor authentication on all systems containing personally identifiable information (PII). Additionally, the College has not implemented sufficient vendor management policies and reviews and documented the work performed, or provided a written, annual report to the board Cause: The College has not allocated sufficient resources to address and document compliance with the requirements of GLBA. Effect: The College has not adequately addressed the requirements of GLBA, which may lead to unintended exposure of student information to security risks. Identification as repeat finding, if applicable: Not applicable Recommendation: We recommend the College allocate sufficient resources to address all requirements of GLBA. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.
Finding 2023-002
Gramm-Leach-Bliley Act (GLBA) Compliance Other Matter DEPARTMENT OF EDUCATION ALN #: 84.268, 84.063, 84.007, and 84.033 -Student Financial Assistance Cluster Federal Award Identification #: 2022-2023 Financial Aid Year Condition: The College did not sufficiently comply with the updated requirements of GLBA. Criteria: 16 CFR 314.3, 16 CFR 314.4 Questioned Costs: $0 Context: The College has not updated its written information security program to align with the revised regulations, sufficiently documented its security risk assessment and safeguards, including general threats, or implemented multi-factor authentication on all systems containing personally identifiable information (PII). Additionally, the College has not implemented sufficient vendor management policies and reviews and documented the work performed, or provided a written, annual report to the board Cause: The College has not allocated sufficient resources to address and document compliance with the requirements of GLBA. Effect: The College has not adequately addressed the requirements of GLBA, which may lead to unintended exposure of student information to security risks. Identification as repeat finding, if applicable: Not applicable Recommendation: We recommend the College allocate sufficient resources to address all requirements of GLBA. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.