FAC Explorer

Audit 293677

FY End
2023-06-30
Total Expended
$31.37M
Findings
2
Programs
12
Organization: Holy Family University (PA)
Year: 2023 Accepted: 2024-03-06
Auditor: Baker Tilly US LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
372626 2023-002 Significant Deficiency - N
949068 2023-002 Significant Deficiency - N

Programs

ALN Program Spent Major Findings
84.268 Federal Direct Student Loans $21.29M Yes 1
84.063 Federal Pell Grant Program $4.46M Yes 0
93.364 Nursing Student Loans $815,957 Yes 0
84.038 Federal Perkins Loan Program $408,603 Yes 0
84.425 Education Stabilization Fund $407,118 Yes 0
84.007 Federal Supplemental Educational Opportunity Grants $405,189 Yes 0
84.031 Higher Education_institutional Aid $391,998 - 0
93.575 Child Care and Development Block Grant $209,620 - 0
84.033 Federal Work-Study Program $133,977 Yes 0
93.264 Nurse Faculty Loan Program (nflp) $50,703 Yes 0
16.525 Grants to Reduce Domestic Violence, Dating Violence, Sexual Assault, and Stalking on Campus $22,035 - 0
84.027 Special Education_grants to States $10,000 - 0

Contacts

Name Title Type
N3W3MELK1238 Anne McMahon Auditee
2673413615 Caroline Hipple Auditor
No contacts on file

Notes to SEFA

Title: 1. Basis of Presentation Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal grant activity of Holy Family University (the University) and is presented on the accrual basis of accounting. The information in the Schedule is presented 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. De Minimis Rate Used: N Rate Explanation: The University has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal grant activity of Holy Family University (the University) and is presented on the accrual basis of accounting. The information in the Schedule is presented 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
Title: 2. Loan Programs Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal grant activity of Holy Family University (the University) and is presented on the accrual basis of accounting. The information in the Schedule is presented 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. De Minimis Rate Used: N Rate Explanation: The University has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. The Federal Perkins Loan Program, Federal Nursing Student Loan Program and Federal Nurse Faculty Loan Program are administered directly by the University, and balances and transactions relating to these programs are included in the University's basic financial statements. Loans outstanding at the beginning of the year and loans made during the year are included in the federal expenditures presented in the Schedule. Federal Perkins Loans outstanding at June 30, 2023 totaled $266,804 and there were no loans issued in 2023. Nursing Student Loans outstanding at June 30, 2023 totaled $730,482 and loans issued in 2023 were $88,700. Nursing Faculty Loans outstanding at June 30, 2023 totaled $45,234 and there were no loans issued in 2023.
Title: 3. Indirect Cost Rate Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal grant activity of Holy Family University (the University) and is presented on the accrual basis of accounting. The information in the Schedule is presented 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. De Minimis Rate Used: N Rate Explanation: The University has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. The University has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.

Finding Details

Finding 2023-002
ALN: 84.268 Federal Direct Loan Program; 84.063 Federal Pell Grant Program Federal Award Identification Number: P268K232105; P063P222105 Award Year: July 1, 2022 - June 30, 2023 Federal Agency: U.S. Department of Education Pass Through Entity: Not applicable Criteria: 34 CFR 685.309(b) states that upon receipt of an enrollment report from the Secretary, a school must update all information included in the report and return the report to the Secretary in the manner and format prescribed by the Secretary and within the timeframe prescribed by the Secretary. Unless 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 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. Condition: For one graduated student tested, the University reported the student as withdrawn to the National Student Loan Data System (NSLDS) while they were confirming degree complete. However, once the student did graduate, the University did not update their status to graduated in NSLDS. For another graduated student, their status was not updated within NSLDS, as they were continuing to a graduate program at the University in the following semester. While the student remained correctly reported as full-time on the campus level reporting, the University did not appropriately report the graduated status for program level reporting within NSLDS. The sample, which consisted of 25 students, was not a statistically valid sample. Cause: The University identified a gap in procedures regarding reporting status changes upon confirming degree completion. The University needs a process in place to identify and report non-traditional graduates. Effect: The accuracy of Title IV student loan records depends heavily on the accuracy of the enrollment information reported by the schools. If an institution does not review, update, and verify student enrollment statuses, effective dates of the enrollment status, and other information, then the Title IV student loan records will be inaccurate, which impacts student loan repayments. Questioned Costs: None. Recommendation: It is recommended that policies and procedures are put in place to verify that the correct effective dates and status changes are reported to NSLDS within required time frames, as well as create accurate reports internally to track all students' whose status changed and verify against the roster submitted to NSLDS. This could include a review of withdrawal or graduation dates compared to the effective dates reported to NSLDS to make sure they are accurate. Management Response: The University understands the importance of accurate enrollment information. The status for the first student has been corrected from withdrawn to graduated. The student was reported correctly after the end of the Fall 2022 semester as withdrawn since they had not fully completed their degree requirements. The graduation status for the second student was updated to graduated for their undergraduate degree as they continue full-time in their graduate degree program at the University.
Finding 2023-002
ALN: 84.268 Federal Direct Loan Program; 84.063 Federal Pell Grant Program Federal Award Identification Number: P268K232105; P063P222105 Award Year: July 1, 2022 - June 30, 2023 Federal Agency: U.S. Department of Education Pass Through Entity: Not applicable Criteria: 34 CFR 685.309(b) states that upon receipt of an enrollment report from the Secretary, a school must update all information included in the report and return the report to the Secretary in the manner and format prescribed by the Secretary and within the timeframe prescribed by the Secretary. Unless 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 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. Condition: For one graduated student tested, the University reported the student as withdrawn to the National Student Loan Data System (NSLDS) while they were confirming degree complete. However, once the student did graduate, the University did not update their status to graduated in NSLDS. For another graduated student, their status was not updated within NSLDS, as they were continuing to a graduate program at the University in the following semester. While the student remained correctly reported as full-time on the campus level reporting, the University did not appropriately report the graduated status for program level reporting within NSLDS. The sample, which consisted of 25 students, was not a statistically valid sample. Cause: The University identified a gap in procedures regarding reporting status changes upon confirming degree completion. The University needs a process in place to identify and report non-traditional graduates. Effect: The accuracy of Title IV student loan records depends heavily on the accuracy of the enrollment information reported by the schools. If an institution does not review, update, and verify student enrollment statuses, effective dates of the enrollment status, and other information, then the Title IV student loan records will be inaccurate, which impacts student loan repayments. Questioned Costs: None. Recommendation: It is recommended that policies and procedures are put in place to verify that the correct effective dates and status changes are reported to NSLDS within required time frames, as well as create accurate reports internally to track all students' whose status changed and verify against the roster submitted to NSLDS. This could include a review of withdrawal or graduation dates compared to the effective dates reported to NSLDS to make sure they are accurate. Management Response: The University understands the importance of accurate enrollment information. The status for the first student has been corrected from withdrawn to graduated. The student was reported correctly after the end of the Fall 2022 semester as withdrawn since they had not fully completed their degree requirements. The graduation status for the second student was updated to graduated for their undergraduate degree as they continue full-time in their graduate degree program at the University.