FAC Explorer

Audit 29386

FY End
2022-06-30
Total Expended
$13.69M
Findings
12
Programs
10
Organization: Lemoyne-Owen College (TN)
Year: 2022 Accepted: 2023-02-22
Auditor: The Wesley Peachtree Group Cpa's

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
32751 2022-002 Significant Deficiency - N
32752 2022-002 Significant Deficiency - N
32753 2022-002 Significant Deficiency - N
32754 2022-002 Significant Deficiency - N
32755 2022-003 Significant Deficiency - CN
32756 2022-003 Significant Deficiency - CN
609193 2022-002 Significant Deficiency - N
609194 2022-002 Significant Deficiency - N
609195 2022-002 Significant Deficiency - N
609196 2022-002 Significant Deficiency - N
609197 2022-003 Significant Deficiency - CN
609198 2022-003 Significant Deficiency - CN

Programs

ALN Program Spent Major Findings
84.425 Education Stabilization Fund $4.35M Yes 1
84.268 Federal Direct Student Loans $3.12M Yes 1
84.063 Federal Pell Grant Program $2.39M Yes 1
84.007 Federal Supplemental Educational Opportunity Grants $482,882 Yes 1
84.031 Higher Education_institutional Aid $383,946 Yes 0
84.033 Federal Work-Study Program $124,522 Yes 1
12.905 Cybersecurity Core Curriculum $45,700 - 0
84.120 Minority Science and Engineering Improvement $13,524 - 0
12.903 Gencyber Grants Program $9,746 - 0
47.076 Education and Human Resources $232 - 0

Contacts

Name Title Type
NAN0TAVALABL Lynda Batiste Auditee
9014351206 Donald K. Murphy Auditor
No contacts on file

Notes to SEFA

Accounting Policies: LEMOYNE-OWEN COLLEGE (the College) participates in several programs sponsored by various government agencies as listed in the accompanying Schedule of Expenditures of Federal, State and Local Awards. All programs are subject to audit by the various agencies and they have the authority to determine liabilities, limit or suspend the College's participation in the federal, state and local programs. The accompanying Schedule of Expenditures of Federal, State and Local Awards (the Schedule) is presented on an accrual basis of accounting consistent with the basis of accounting used by the College in the preparation of its financial statements. The information in the Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Negative amounts reflected in the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. The Schedule includes all known federal, state and local and pass-through federal, state and local funds expended by the College for the year ended June 30, 2022. All grants/awards should be reviewed in detail to determine if they contain any special provisions (for example, some awards require they be treated as major programs, even though they might not otherwise qualify as such). If the grant/award contains federal funding, the organization will obtain the following: name of the federal agency, award period, Catalog of Federal Domestic Assistance (CFDA) number. The grant/award should also be researched to determine if it is part of a cluster (including research and development) or a federal loan program. If the grant/award is passed through to/from a sub-recipient, the organization will obtain the pass-through entity identifying number. Prior to the grant/award becoming operational, the organization should review the OMB Compliance Supplements Matrix of Compliance Requirements. For every federally funded grant/award, personnel should be assigned for each area of compliance. Expenditures must be tracked for each individual grant/award. The accounting system must be set up to capture this information, and individuals must be established to assign expenses to each grant/award. De Minimis Rate Used: N Rate Explanation: The College has received a federally negotiated indirect cost rate and therefore, has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.

Finding Details

Finding 2022-002
Finding 2022-002 - U.S. Department of Education (USDE). Title IV Student Financial Aid Programs (Significant Deficiency): Information on the Federal Program - Federal Pell Grants Program, CFDA No. 84. 063, June 30 2022; Federal Work Study Program, CFDA No. 84.033, June 30, 2022; Federal Supplemental Educational Opportunity Grant, CFDA No. 84.007, June 30, 2022; Federal Direct Student Loans, CFDA No. 84. 268, June 30, 2022. Criteria - Federal regulations governing the Title IV programs. Condition - Numerous compliances were noted, as more fully described in the context below. Questioned Costs - Context- We observed the following condition in connection with our testing of the various U. S. Department of Education, Title IV, Student Financial Assistance Programs: a) Two (2) out of 60 students selected for R2T4 testing did not have his/her funds returned to the U.S. Department of Education within the required 45 days. b) The College had differences in the following programs which were not reconciled to the general ledger: Federal Work Study, Federal Pell Grant, Federal Direct Student Loans and Federal Supplemental Educational Opportunity Grant (SEOG). Cause - Oversight by responsible employees of properly monitoring required elements. Effect - The College's participation in the Title IV programs could be subject to USDE sanctions as applicable. Auditor's Recommendation - The College should implement corrective actions to ensure that the above findings are resolved and does not recur in future periods. Moreover, internal controls over compliance with federal program regulations should be revisited to ensure adequate supervisory controls, quality assurance reviews of compliance steps, technical training of staff, and adequate procedures are being followed for compliance purposes.
Finding 2022-002
Finding 2022-002 - U.S. Department of Education (USDE). Title IV Student Financial Aid Programs (Significant Deficiency): Information on the Federal Program - Federal Pell Grants Program, CFDA No. 84. 063, June 30 2022; Federal Work Study Program, CFDA No. 84.033, June 30, 2022; Federal Supplemental Educational Opportunity Grant, CFDA No. 84.007, June 30, 2022; Federal Direct Student Loans, CFDA No. 84. 268, June 30, 2022. Criteria - Federal regulations governing the Title IV programs. Condition - Numerous compliances were noted, as more fully described in the context below. Questioned Costs - Context- We observed the following condition in connection with our testing of the various U. S. Department of Education, Title IV, Student Financial Assistance Programs: a) Two (2) out of 60 students selected for R2T4 testing did not have his/her funds returned to the U.S. Department of Education within the required 45 days. b) The College had differences in the following programs which were not reconciled to the general ledger: Federal Work Study, Federal Pell Grant, Federal Direct Student Loans and Federal Supplemental Educational Opportunity Grant (SEOG). Cause - Oversight by responsible employees of properly monitoring required elements. Effect - The College's participation in the Title IV programs could be subject to USDE sanctions as applicable. Auditor's Recommendation - The College should implement corrective actions to ensure that the above findings are resolved and does not recur in future periods. Moreover, internal controls over compliance with federal program regulations should be revisited to ensure adequate supervisory controls, quality assurance reviews of compliance steps, technical training of staff, and adequate procedures are being followed for compliance purposes.
Finding 2022-002
Finding 2022-002 - U.S. Department of Education (USDE). Title IV Student Financial Aid Programs (Significant Deficiency): Information on the Federal Program - Federal Pell Grants Program, CFDA No. 84. 063, June 30 2022; Federal Work Study Program, CFDA No. 84.033, June 30, 2022; Federal Supplemental Educational Opportunity Grant, CFDA No. 84.007, June 30, 2022; Federal Direct Student Loans, CFDA No. 84. 268, June 30, 2022. Criteria - Federal regulations governing the Title IV programs. Condition - Numerous compliances were noted, as more fully described in the context below. Questioned Costs - Context- We observed the following condition in connection with our testing of the various U. S. Department of Education, Title IV, Student Financial Assistance Programs: a) Two (2) out of 60 students selected for R2T4 testing did not have his/her funds returned to the U.S. Department of Education within the required 45 days. b) The College had differences in the following programs which were not reconciled to the general ledger: Federal Work Study, Federal Pell Grant, Federal Direct Student Loans and Federal Supplemental Educational Opportunity Grant (SEOG). Cause - Oversight by responsible employees of properly monitoring required elements. Effect - The College's participation in the Title IV programs could be subject to USDE sanctions as applicable. Auditor's Recommendation - The College should implement corrective actions to ensure that the above findings are resolved and does not recur in future periods. Moreover, internal controls over compliance with federal program regulations should be revisited to ensure adequate supervisory controls, quality assurance reviews of compliance steps, technical training of staff, and adequate procedures are being followed for compliance purposes.
Finding 2022-002
Finding 2022-002 - U.S. Department of Education (USDE). Title IV Student Financial Aid Programs (Significant Deficiency): Information on the Federal Program - Federal Pell Grants Program, CFDA No. 84. 063, June 30 2022; Federal Work Study Program, CFDA No. 84.033, June 30, 2022; Federal Supplemental Educational Opportunity Grant, CFDA No. 84.007, June 30, 2022; Federal Direct Student Loans, CFDA No. 84. 268, June 30, 2022. Criteria - Federal regulations governing the Title IV programs. Condition - Numerous compliances were noted, as more fully described in the context below. Questioned Costs - Context- We observed the following condition in connection with our testing of the various U. S. Department of Education, Title IV, Student Financial Assistance Programs: a) Two (2) out of 60 students selected for R2T4 testing did not have his/her funds returned to the U.S. Department of Education within the required 45 days. b) The College had differences in the following programs which were not reconciled to the general ledger: Federal Work Study, Federal Pell Grant, Federal Direct Student Loans and Federal Supplemental Educational Opportunity Grant (SEOG). Cause - Oversight by responsible employees of properly monitoring required elements. Effect - The College's participation in the Title IV programs could be subject to USDE sanctions as applicable. Auditor's Recommendation - The College should implement corrective actions to ensure that the above findings are resolved and does not recur in future periods. Moreover, internal controls over compliance with federal program regulations should be revisited to ensure adequate supervisory controls, quality assurance reviews of compliance steps, technical training of staff, and adequate procedures are being followed for compliance purposes.
Finding 2022-003
Finding 2022-003 - U.S. Department of Education (USDE). Education Stabilization Fund Higher Education Emergency Relief Fund (HEERFJ (Significant Deficiency): Information on the federal program - Student Aid Portion of 18004(a)(1), CFDA No. 84.425E, June 30, 2022; Historically Black Colleges and Universities, CFDA No. 84.425J, June 30, 2022 Criteria - Federal regulations governing the HEERF program. Condition - Instances of noncompliance were noted as more fully described in the context below. Questioned Costs - $0 Context- During the testing performed for the HEERF programs, we noted that funds were drawn down but not disbursed within the allotted timeframe of fifteen (15) and three (3) calendar days for the Student Aid Portion and Institutional Portion, respectively. However, we noted that all funds were used for allowable expenses for the year ended June 30, 2022. Cause - Oversight by responsible employees of the cash management compliance requirement. Effect - The College's participation in the HEERF program could be subject to USDE sanctions as applicable. Repeat Finding - No. Auditor's Recommendation - The College should implement corrective actions to ensure that the above findings are resolved and does not recur in future periods. Moreover, internal controls over compliance with federal program regulations should be revisited to ensure adequate supervisory controls, quality assurance reviews of compliance steps, technical training of staff, and adequate procedures are being followed for compliance purposes.
Finding 2022-003
Finding 2022-003 - U.S. Department of Education (USDE). Education Stabilization Fund Higher Education Emergency Relief Fund (HEERFJ (Significant Deficiency): Information on the federal program - Student Aid Portion of 18004(a)(1), CFDA No. 84.425E, June 30, 2022; Historically Black Colleges and Universities, CFDA No. 84.425J, June 30, 2022 Criteria - Federal regulations governing the HEERF program. Condition - Instances of noncompliance were noted as more fully described in the context below. Questioned Costs - $0 Context- During the testing performed for the HEERF programs, we noted that funds were drawn down but not disbursed within the allotted timeframe of fifteen (15) and three (3) calendar days for the Student Aid Portion and Institutional Portion, respectively. However, we noted that all funds were used for allowable expenses for the year ended June 30, 2022. Cause - Oversight by responsible employees of the cash management compliance requirement. Effect - The College's participation in the HEERF program could be subject to USDE sanctions as applicable. Repeat Finding - No. Auditor's Recommendation - The College should implement corrective actions to ensure that the above findings are resolved and does not recur in future periods. Moreover, internal controls over compliance with federal program regulations should be revisited to ensure adequate supervisory controls, quality assurance reviews of compliance steps, technical training of staff, and adequate procedures are being followed for compliance purposes.
Finding 2022-002
Finding 2022-002 - U.S. Department of Education (USDE). Title IV Student Financial Aid Programs (Significant Deficiency): Information on the Federal Program - Federal Pell Grants Program, CFDA No. 84. 063, June 30 2022; Federal Work Study Program, CFDA No. 84.033, June 30, 2022; Federal Supplemental Educational Opportunity Grant, CFDA No. 84.007, June 30, 2022; Federal Direct Student Loans, CFDA No. 84. 268, June 30, 2022. Criteria - Federal regulations governing the Title IV programs. Condition - Numerous compliances were noted, as more fully described in the context below. Questioned Costs - Context- We observed the following condition in connection with our testing of the various U. S. Department of Education, Title IV, Student Financial Assistance Programs: a) Two (2) out of 60 students selected for R2T4 testing did not have his/her funds returned to the U.S. Department of Education within the required 45 days. b) The College had differences in the following programs which were not reconciled to the general ledger: Federal Work Study, Federal Pell Grant, Federal Direct Student Loans and Federal Supplemental Educational Opportunity Grant (SEOG). Cause - Oversight by responsible employees of properly monitoring required elements. Effect - The College's participation in the Title IV programs could be subject to USDE sanctions as applicable. Auditor's Recommendation - The College should implement corrective actions to ensure that the above findings are resolved and does not recur in future periods. Moreover, internal controls over compliance with federal program regulations should be revisited to ensure adequate supervisory controls, quality assurance reviews of compliance steps, technical training of staff, and adequate procedures are being followed for compliance purposes.
Finding 2022-002
Finding 2022-002 - U.S. Department of Education (USDE). Title IV Student Financial Aid Programs (Significant Deficiency): Information on the Federal Program - Federal Pell Grants Program, CFDA No. 84. 063, June 30 2022; Federal Work Study Program, CFDA No. 84.033, June 30, 2022; Federal Supplemental Educational Opportunity Grant, CFDA No. 84.007, June 30, 2022; Federal Direct Student Loans, CFDA No. 84. 268, June 30, 2022. Criteria - Federal regulations governing the Title IV programs. Condition - Numerous compliances were noted, as more fully described in the context below. Questioned Costs - Context- We observed the following condition in connection with our testing of the various U. S. Department of Education, Title IV, Student Financial Assistance Programs: a) Two (2) out of 60 students selected for R2T4 testing did not have his/her funds returned to the U.S. Department of Education within the required 45 days. b) The College had differences in the following programs which were not reconciled to the general ledger: Federal Work Study, Federal Pell Grant, Federal Direct Student Loans and Federal Supplemental Educational Opportunity Grant (SEOG). Cause - Oversight by responsible employees of properly monitoring required elements. Effect - The College's participation in the Title IV programs could be subject to USDE sanctions as applicable. Auditor's Recommendation - The College should implement corrective actions to ensure that the above findings are resolved and does not recur in future periods. Moreover, internal controls over compliance with federal program regulations should be revisited to ensure adequate supervisory controls, quality assurance reviews of compliance steps, technical training of staff, and adequate procedures are being followed for compliance purposes.
Finding 2022-002
Finding 2022-002 - U.S. Department of Education (USDE). Title IV Student Financial Aid Programs (Significant Deficiency): Information on the Federal Program - Federal Pell Grants Program, CFDA No. 84. 063, June 30 2022; Federal Work Study Program, CFDA No. 84.033, June 30, 2022; Federal Supplemental Educational Opportunity Grant, CFDA No. 84.007, June 30, 2022; Federal Direct Student Loans, CFDA No. 84. 268, June 30, 2022. Criteria - Federal regulations governing the Title IV programs. Condition - Numerous compliances were noted, as more fully described in the context below. Questioned Costs - Context- We observed the following condition in connection with our testing of the various U. S. Department of Education, Title IV, Student Financial Assistance Programs: a) Two (2) out of 60 students selected for R2T4 testing did not have his/her funds returned to the U.S. Department of Education within the required 45 days. b) The College had differences in the following programs which were not reconciled to the general ledger: Federal Work Study, Federal Pell Grant, Federal Direct Student Loans and Federal Supplemental Educational Opportunity Grant (SEOG). Cause - Oversight by responsible employees of properly monitoring required elements. Effect - The College's participation in the Title IV programs could be subject to USDE sanctions as applicable. Auditor's Recommendation - The College should implement corrective actions to ensure that the above findings are resolved and does not recur in future periods. Moreover, internal controls over compliance with federal program regulations should be revisited to ensure adequate supervisory controls, quality assurance reviews of compliance steps, technical training of staff, and adequate procedures are being followed for compliance purposes.
Finding 2022-002
Finding 2022-002 - U.S. Department of Education (USDE). Title IV Student Financial Aid Programs (Significant Deficiency): Information on the Federal Program - Federal Pell Grants Program, CFDA No. 84. 063, June 30 2022; Federal Work Study Program, CFDA No. 84.033, June 30, 2022; Federal Supplemental Educational Opportunity Grant, CFDA No. 84.007, June 30, 2022; Federal Direct Student Loans, CFDA No. 84. 268, June 30, 2022. Criteria - Federal regulations governing the Title IV programs. Condition - Numerous compliances were noted, as more fully described in the context below. Questioned Costs - Context- We observed the following condition in connection with our testing of the various U. S. Department of Education, Title IV, Student Financial Assistance Programs: a) Two (2) out of 60 students selected for R2T4 testing did not have his/her funds returned to the U.S. Department of Education within the required 45 days. b) The College had differences in the following programs which were not reconciled to the general ledger: Federal Work Study, Federal Pell Grant, Federal Direct Student Loans and Federal Supplemental Educational Opportunity Grant (SEOG). Cause - Oversight by responsible employees of properly monitoring required elements. Effect - The College's participation in the Title IV programs could be subject to USDE sanctions as applicable. Auditor's Recommendation - The College should implement corrective actions to ensure that the above findings are resolved and does not recur in future periods. Moreover, internal controls over compliance with federal program regulations should be revisited to ensure adequate supervisory controls, quality assurance reviews of compliance steps, technical training of staff, and adequate procedures are being followed for compliance purposes.
Finding 2022-003
Finding 2022-003 - U.S. Department of Education (USDE). Education Stabilization Fund Higher Education Emergency Relief Fund (HEERFJ (Significant Deficiency): Information on the federal program - Student Aid Portion of 18004(a)(1), CFDA No. 84.425E, June 30, 2022; Historically Black Colleges and Universities, CFDA No. 84.425J, June 30, 2022 Criteria - Federal regulations governing the HEERF program. Condition - Instances of noncompliance were noted as more fully described in the context below. Questioned Costs - $0 Context- During the testing performed for the HEERF programs, we noted that funds were drawn down but not disbursed within the allotted timeframe of fifteen (15) and three (3) calendar days for the Student Aid Portion and Institutional Portion, respectively. However, we noted that all funds were used for allowable expenses for the year ended June 30, 2022. Cause - Oversight by responsible employees of the cash management compliance requirement. Effect - The College's participation in the HEERF program could be subject to USDE sanctions as applicable. Repeat Finding - No. Auditor's Recommendation - The College should implement corrective actions to ensure that the above findings are resolved and does not recur in future periods. Moreover, internal controls over compliance with federal program regulations should be revisited to ensure adequate supervisory controls, quality assurance reviews of compliance steps, technical training of staff, and adequate procedures are being followed for compliance purposes.
Finding 2022-003
Finding 2022-003 - U.S. Department of Education (USDE). Education Stabilization Fund Higher Education Emergency Relief Fund (HEERFJ (Significant Deficiency): Information on the federal program - Student Aid Portion of 18004(a)(1), CFDA No. 84.425E, June 30, 2022; Historically Black Colleges and Universities, CFDA No. 84.425J, June 30, 2022 Criteria - Federal regulations governing the HEERF program. Condition - Instances of noncompliance were noted as more fully described in the context below. Questioned Costs - $0 Context- During the testing performed for the HEERF programs, we noted that funds were drawn down but not disbursed within the allotted timeframe of fifteen (15) and three (3) calendar days for the Student Aid Portion and Institutional Portion, respectively. However, we noted that all funds were used for allowable expenses for the year ended June 30, 2022. Cause - Oversight by responsible employees of the cash management compliance requirement. Effect - The College's participation in the HEERF program could be subject to USDE sanctions as applicable. Repeat Finding - No. Auditor's Recommendation - The College should implement corrective actions to ensure that the above findings are resolved and does not recur in future periods. Moreover, internal controls over compliance with federal program regulations should be revisited to ensure adequate supervisory controls, quality assurance reviews of compliance steps, technical training of staff, and adequate procedures are being followed for compliance purposes.