FAC Explorer

Audit 293336

FY End
2023-06-30
Total Expended
$10.08M
Findings
8
Programs
10
Organization: Coker University (SC)
Year: 2023 Accepted: 2024-03-04
Auditor: Mauldin & Jenkins LLC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
372060 2023-001 Material Weakness Yes L
372061 2023-001 Material Weakness Yes L
372062 2023-001 Material Weakness Yes L
372063 2023-001 Material Weakness Yes L
948502 2023-001 Material Weakness Yes L
948503 2023-001 Material Weakness Yes L
948504 2023-001 Material Weakness Yes L
948505 2023-001 Material Weakness Yes L

Programs

ALN Program Spent Major Findings
84.268 Federal Direct Student Loans $5.45M Yes 1
84.063 Federal Pell Grant Program $1.71M Yes 1
10.766 Community Facilities Loans and Grants $490,731 - 0
84.425 Education Stabilization Fund $207,899 - 0
84.047 Trio_upward Bound $203,628 - 0
84.042 Trio_student Support Services $166,159 - 0
84.007 Federal Supplemental Educational Opportunity Grants $139,941 Yes 1
47.076 Education and Human Resources $105,598 - 0
16.525 Grants to Reduce Domestic Violence, Dating Violence, Sexual Assault, and Stalking on Campus $61,176 - 0
84.033 Federal Work-Study Program $45,306 Yes 1

Contacts

Name Title Type
H9EECRX4W6S5 Dan Buryj Auditee
8433838000 Michelle Chapman Auditor
No contacts on file

Notes to SEFA

Title: Significant Accounting Policies Accounting Policies: See notes De Minimis Rate Used: N Rate Explanation: See notes Basis of Presentation The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal grant activity of Coker University (the “University”) under programs of the federal government for the year ended June 30, 2023. The information in this Schedule is presented in accordance with the requirements of the Title 2 U.S. Code of Federal Regulations (CFR) 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 University, it is not intended to and does not present the financial position, changes in net position or cash flows of the University. Program Type Determination Type A programs are defined as federal programs with federal expenditures exceeding $750,000. The threshold of $750,000 was used in distinguishing between Type A and Type B programs. Method of Major Program Selection The risk-based approach was used in the selection of federal programs to be tested as major programs. The University qualified as a high-risk auditee for the fiscal year ended June 30, 2023.
Title: Federal Direct Student Loan Program (Assistance Listing Number 84.268) Accounting Policies: See notes De Minimis Rate Used: N Rate Explanation: See notes Students received new FDSLP loans totaling $5,447,694 from the U.S. Department of Education during the year ended June 30, 2023. The University is responsible only for the performance of certain administrative duties with respect to its participation in the FDSLP and, accordingly, these loans are not included in its basic financial statements. It is not practicable to determine the balance of loans outstanding to students and former students of the University under this program as of June 30, 2023.
Title: Federal Non-Cash Assistance Accounting Policies: See notes De Minimis Rate Used: N Rate Explanation: See notes The University did not receive or expend federal awards in the form of non-cash assistance and had no federal loan guarantees at June 30, 2023.
Title: De Minimis Indirect Cost Rate Accounting Policies: See notes De Minimis Rate Used: N Rate Explanation: See notes The University chose not to use the ten percent de Minimis indirect cost rate for the year ended June 30, 2023.
Title: USDA Loans Outstanding Accounting Policies: See notes De Minimis Rate Used: N Rate Explanation: See notes The University has obtained long-term financing for the consolidation of debt, improvement of facilities, purchase of equipment, and construction of new facilities, which has been guaranteed by the U.S. Department of Agriculture. The changes in these loans during the year ended June 30, 2023, were as follows:

Finding Details

Finding 2023-001
Enrollment Reporting CFDA#: 84.033, 84.007, 84.063, 84.268 Student Financial Aid Cluster Award Year: 2022 Finding Type: Material Weakness in Internal Control over Major Programs Criteria: Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) require institutions to review, update, and verify student enrollment statuses that appear on the Enrollment Reporting Roster file and to also complete and report roster files within a minimum of 60 days for student status changes to the National Student Loan Data System. Condition: There were 9 students where the University failed to timely report the status change to the National Student Loan Data System. Context: We addressed the matter with University management who is aware of the requirements of reviewing and updating roster files that appear on the Enrollment Reporting Roster file as well as the reporting requirements to the National Student Loan Data System. Effect: Failure to properly review and adhere to policies and procedures can lead to noncompliance and the misappropriation of federal funds that are not detected during the normal course of business. Cause: The lack of compliance is due to the University failing to review, update, and submit student roster files in a timely manner. Recommendation: We recommend the University review and update its policies and procedures to ensure all roster files are reviewed, updated, and submitted in a timely manner. Views of Responsible Officials and Planned Corrective Action: We concur with the finding. The University is in the process of implementing controls and procedures to ensure that all student roster files are reviewed, updated and submitted in accordance with applicable compliance requirements.
Finding 2023-001
Enrollment Reporting CFDA#: 84.033, 84.007, 84.063, 84.268 Student Financial Aid Cluster Award Year: 2022 Finding Type: Material Weakness in Internal Control over Major Programs Criteria: Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) require institutions to review, update, and verify student enrollment statuses that appear on the Enrollment Reporting Roster file and to also complete and report roster files within a minimum of 60 days for student status changes to the National Student Loan Data System. Condition: There were 9 students where the University failed to timely report the status change to the National Student Loan Data System. Context: We addressed the matter with University management who is aware of the requirements of reviewing and updating roster files that appear on the Enrollment Reporting Roster file as well as the reporting requirements to the National Student Loan Data System. Effect: Failure to properly review and adhere to policies and procedures can lead to noncompliance and the misappropriation of federal funds that are not detected during the normal course of business. Cause: The lack of compliance is due to the University failing to review, update, and submit student roster files in a timely manner. Recommendation: We recommend the University review and update its policies and procedures to ensure all roster files are reviewed, updated, and submitted in a timely manner. Views of Responsible Officials and Planned Corrective Action: We concur with the finding. The University is in the process of implementing controls and procedures to ensure that all student roster files are reviewed, updated and submitted in accordance with applicable compliance requirements.
Finding 2023-001
Enrollment Reporting CFDA#: 84.033, 84.007, 84.063, 84.268 Student Financial Aid Cluster Award Year: 2022 Finding Type: Material Weakness in Internal Control over Major Programs Criteria: Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) require institutions to review, update, and verify student enrollment statuses that appear on the Enrollment Reporting Roster file and to also complete and report roster files within a minimum of 60 days for student status changes to the National Student Loan Data System. Condition: There were 9 students where the University failed to timely report the status change to the National Student Loan Data System. Context: We addressed the matter with University management who is aware of the requirements of reviewing and updating roster files that appear on the Enrollment Reporting Roster file as well as the reporting requirements to the National Student Loan Data System. Effect: Failure to properly review and adhere to policies and procedures can lead to noncompliance and the misappropriation of federal funds that are not detected during the normal course of business. Cause: The lack of compliance is due to the University failing to review, update, and submit student roster files in a timely manner. Recommendation: We recommend the University review and update its policies and procedures to ensure all roster files are reviewed, updated, and submitted in a timely manner. Views of Responsible Officials and Planned Corrective Action: We concur with the finding. The University is in the process of implementing controls and procedures to ensure that all student roster files are reviewed, updated and submitted in accordance with applicable compliance requirements.
Finding 2023-001
Enrollment Reporting CFDA#: 84.033, 84.007, 84.063, 84.268 Student Financial Aid Cluster Award Year: 2022 Finding Type: Material Weakness in Internal Control over Major Programs Criteria: Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) require institutions to review, update, and verify student enrollment statuses that appear on the Enrollment Reporting Roster file and to also complete and report roster files within a minimum of 60 days for student status changes to the National Student Loan Data System. Condition: There were 9 students where the University failed to timely report the status change to the National Student Loan Data System. Context: We addressed the matter with University management who is aware of the requirements of reviewing and updating roster files that appear on the Enrollment Reporting Roster file as well as the reporting requirements to the National Student Loan Data System. Effect: Failure to properly review and adhere to policies and procedures can lead to noncompliance and the misappropriation of federal funds that are not detected during the normal course of business. Cause: The lack of compliance is due to the University failing to review, update, and submit student roster files in a timely manner. Recommendation: We recommend the University review and update its policies and procedures to ensure all roster files are reviewed, updated, and submitted in a timely manner. Views of Responsible Officials and Planned Corrective Action: We concur with the finding. The University is in the process of implementing controls and procedures to ensure that all student roster files are reviewed, updated and submitted in accordance with applicable compliance requirements.
Finding 2023-001
Enrollment Reporting CFDA#: 84.033, 84.007, 84.063, 84.268 Student Financial Aid Cluster Award Year: 2022 Finding Type: Material Weakness in Internal Control over Major Programs Criteria: Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) require institutions to review, update, and verify student enrollment statuses that appear on the Enrollment Reporting Roster file and to also complete and report roster files within a minimum of 60 days for student status changes to the National Student Loan Data System. Condition: There were 9 students where the University failed to timely report the status change to the National Student Loan Data System. Context: We addressed the matter with University management who is aware of the requirements of reviewing and updating roster files that appear on the Enrollment Reporting Roster file as well as the reporting requirements to the National Student Loan Data System. Effect: Failure to properly review and adhere to policies and procedures can lead to noncompliance and the misappropriation of federal funds that are not detected during the normal course of business. Cause: The lack of compliance is due to the University failing to review, update, and submit student roster files in a timely manner. Recommendation: We recommend the University review and update its policies and procedures to ensure all roster files are reviewed, updated, and submitted in a timely manner. Views of Responsible Officials and Planned Corrective Action: We concur with the finding. The University is in the process of implementing controls and procedures to ensure that all student roster files are reviewed, updated and submitted in accordance with applicable compliance requirements.
Finding 2023-001
Enrollment Reporting CFDA#: 84.033, 84.007, 84.063, 84.268 Student Financial Aid Cluster Award Year: 2022 Finding Type: Material Weakness in Internal Control over Major Programs Criteria: Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) require institutions to review, update, and verify student enrollment statuses that appear on the Enrollment Reporting Roster file and to also complete and report roster files within a minimum of 60 days for student status changes to the National Student Loan Data System. Condition: There were 9 students where the University failed to timely report the status change to the National Student Loan Data System. Context: We addressed the matter with University management who is aware of the requirements of reviewing and updating roster files that appear on the Enrollment Reporting Roster file as well as the reporting requirements to the National Student Loan Data System. Effect: Failure to properly review and adhere to policies and procedures can lead to noncompliance and the misappropriation of federal funds that are not detected during the normal course of business. Cause: The lack of compliance is due to the University failing to review, update, and submit student roster files in a timely manner. Recommendation: We recommend the University review and update its policies and procedures to ensure all roster files are reviewed, updated, and submitted in a timely manner. Views of Responsible Officials and Planned Corrective Action: We concur with the finding. The University is in the process of implementing controls and procedures to ensure that all student roster files are reviewed, updated and submitted in accordance with applicable compliance requirements.
Finding 2023-001
Enrollment Reporting CFDA#: 84.033, 84.007, 84.063, 84.268 Student Financial Aid Cluster Award Year: 2022 Finding Type: Material Weakness in Internal Control over Major Programs Criteria: Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) require institutions to review, update, and verify student enrollment statuses that appear on the Enrollment Reporting Roster file and to also complete and report roster files within a minimum of 60 days for student status changes to the National Student Loan Data System. Condition: There were 9 students where the University failed to timely report the status change to the National Student Loan Data System. Context: We addressed the matter with University management who is aware of the requirements of reviewing and updating roster files that appear on the Enrollment Reporting Roster file as well as the reporting requirements to the National Student Loan Data System. Effect: Failure to properly review and adhere to policies and procedures can lead to noncompliance and the misappropriation of federal funds that are not detected during the normal course of business. Cause: The lack of compliance is due to the University failing to review, update, and submit student roster files in a timely manner. Recommendation: We recommend the University review and update its policies and procedures to ensure all roster files are reviewed, updated, and submitted in a timely manner. Views of Responsible Officials and Planned Corrective Action: We concur with the finding. The University is in the process of implementing controls and procedures to ensure that all student roster files are reviewed, updated and submitted in accordance with applicable compliance requirements.
Finding 2023-001
Enrollment Reporting CFDA#: 84.033, 84.007, 84.063, 84.268 Student Financial Aid Cluster Award Year: 2022 Finding Type: Material Weakness in Internal Control over Major Programs Criteria: Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) require institutions to review, update, and verify student enrollment statuses that appear on the Enrollment Reporting Roster file and to also complete and report roster files within a minimum of 60 days for student status changes to the National Student Loan Data System. Condition: There were 9 students where the University failed to timely report the status change to the National Student Loan Data System. Context: We addressed the matter with University management who is aware of the requirements of reviewing and updating roster files that appear on the Enrollment Reporting Roster file as well as the reporting requirements to the National Student Loan Data System. Effect: Failure to properly review and adhere to policies and procedures can lead to noncompliance and the misappropriation of federal funds that are not detected during the normal course of business. Cause: The lack of compliance is due to the University failing to review, update, and submit student roster files in a timely manner. Recommendation: We recommend the University review and update its policies and procedures to ensure all roster files are reviewed, updated, and submitted in a timely manner. Views of Responsible Officials and Planned Corrective Action: We concur with the finding. The University is in the process of implementing controls and procedures to ensure that all student roster files are reviewed, updated and submitted in accordance with applicable compliance requirements.