FAC Explorer

Audit 294279

FY End
2023-06-30
Total Expended
$10.84M
Findings
16
Programs
7
Organization: Concordia University, Nebraska (NE)
Year: 2023 Accepted: 2024-03-08
Auditor: Clifton Larson Allen LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
374610 2023-001 Significant Deficiency - E
374611 2023-001 Significant Deficiency - E
374612 2023-001 Significant Deficiency - E
374613 2023-001 Significant Deficiency - E
374614 2023-001 Significant Deficiency - E
374615 2023-001 Significant Deficiency - E
374616 2023-001 Significant Deficiency - E
374617 2023-001 Significant Deficiency - E
951052 2023-001 Significant Deficiency - E
951053 2023-001 Significant Deficiency - E
951054 2023-001 Significant Deficiency - E
951055 2023-001 Significant Deficiency - E
951056 2023-001 Significant Deficiency - E
951057 2023-001 Significant Deficiency - E
951058 2023-001 Significant Deficiency - E
951059 2023-001 Significant Deficiency - E

Programs

ALN Program Spent Major Findings
84.268 Federal Direct Student Loans $8.70M Yes 1
84.038 Federal Perkins Loan Program - Beginning Balance $384,047 Yes 1
84.007 Federal Supplemental Educational Opportunity Grants $257,702 Yes 1
84.033 Federal Work-Study Program $102,337 Yes 1
84.379 Teacher Education Assistance for College and Higher Education Grants (teach Grants) $64,273 Yes 1
84.063 Federal Pell Grant Program $0 Yes 1
84.038 Federal Perkins Loan Program - Loan Cancellations $0 Yes 1

Contacts

Name Title Type
E31FF5WXA1S8 Kurt Kolm Auditee
4026437380 Deirdre Hodgson, CPA Auditor
No contacts on file

Notes to SEFA

Title: BASIS FOR PRESENTATION Accounting Policies: enditures reported on 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. 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 purpose of the schedule of expenditures of federal awards (the Schedule) is to present a summary of those activities of Concordia University, Nebraska and Affiliate (the University) that have been financed by the United States Government (federal awards). Federal awards received directly from federal agencies are included in the Schedule. Additionally, all federal awards passed through from other entities have been included on the Schedule. Although the University is required to match certain grants, as defined in the grants, no such matching is included in the Schedule. The information in this Schedule is presented in accordance with the requirements of 2 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, statement of activities, or cash flows of the University.
Title: FEDERAL LOAN PROGRAMS Accounting Policies: enditures reported on 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. 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 administers the following federal loan programs: Grant Description: Federal Perkins Loan Program Assistance Listing Number: 84.038 Amount Outstanding: $282,322

Finding Details

Finding 2023-001
Federal Agency: U.S. Department of Education Federal Program Title: Student Financial Aid ALN Number: Student Financial Aid Cluster Award Period: July 01, 2022 through June 30, 2023 Type of Finding: • Significant Deficiency in Internal Control over Compliance • Other Matters Criteria or specific requirement: The Code of Federal Regulations, 34 CFR 685.203(a) outline the maximum subsidized loan amounts for students based on their dependency status, year of education, and other factors. Condition: During our testing, we noted 1 instance out of 40 students tested where the subsidized Stafford loan awarded to the student was less than the maximum amount they were eligible for. Questioned Costs: $42 was under-awarded. Context: One student was awarded less Title IV aid than the maximum they were eligible for. Cause: The University did not appropriately determine the student's level of education when awarding the Subsidized Stafford Loan. Effect: The student was not awarded up to their maximum amount of calculated need. Repeat finding: No Recommendation: We recommend the University evaluate its procedures and a policy around how level of education is determined and verified when packaging and awarding students. Views of responsible officials: There is no disagreement with the audit finding.
Finding 2023-001
Federal Agency: U.S. Department of Education Federal Program Title: Student Financial Aid ALN Number: Student Financial Aid Cluster Award Period: July 01, 2022 through June 30, 2023 Type of Finding: • Significant Deficiency in Internal Control over Compliance • Other Matters Criteria or specific requirement: The Code of Federal Regulations, 34 CFR 685.203(a) outline the maximum subsidized loan amounts for students based on their dependency status, year of education, and other factors. Condition: During our testing, we noted 1 instance out of 40 students tested where the subsidized Stafford loan awarded to the student was less than the maximum amount they were eligible for. Questioned Costs: $42 was under-awarded. Context: One student was awarded less Title IV aid than the maximum they were eligible for. Cause: The University did not appropriately determine the student's level of education when awarding the Subsidized Stafford Loan. Effect: The student was not awarded up to their maximum amount of calculated need. Repeat finding: No Recommendation: We recommend the University evaluate its procedures and a policy around how level of education is determined and verified when packaging and awarding students. Views of responsible officials: There is no disagreement with the audit finding.
Finding 2023-001
Federal Agency: U.S. Department of Education Federal Program Title: Student Financial Aid ALN Number: Student Financial Aid Cluster Award Period: July 01, 2022 through June 30, 2023 Type of Finding: • Significant Deficiency in Internal Control over Compliance • Other Matters Criteria or specific requirement: The Code of Federal Regulations, 34 CFR 685.203(a) outline the maximum subsidized loan amounts for students based on their dependency status, year of education, and other factors. Condition: During our testing, we noted 1 instance out of 40 students tested where the subsidized Stafford loan awarded to the student was less than the maximum amount they were eligible for. Questioned Costs: $42 was under-awarded. Context: One student was awarded less Title IV aid than the maximum they were eligible for. Cause: The University did not appropriately determine the student's level of education when awarding the Subsidized Stafford Loan. Effect: The student was not awarded up to their maximum amount of calculated need. Repeat finding: No Recommendation: We recommend the University evaluate its procedures and a policy around how level of education is determined and verified when packaging and awarding students. Views of responsible officials: There is no disagreement with the audit finding.
Finding 2023-001
Federal Agency: U.S. Department of Education Federal Program Title: Student Financial Aid ALN Number: Student Financial Aid Cluster Award Period: July 01, 2022 through June 30, 2023 Type of Finding: • Significant Deficiency in Internal Control over Compliance • Other Matters Criteria or specific requirement: The Code of Federal Regulations, 34 CFR 685.203(a) outline the maximum subsidized loan amounts for students based on their dependency status, year of education, and other factors. Condition: During our testing, we noted 1 instance out of 40 students tested where the subsidized Stafford loan awarded to the student was less than the maximum amount they were eligible for. Questioned Costs: $42 was under-awarded. Context: One student was awarded less Title IV aid than the maximum they were eligible for. Cause: The University did not appropriately determine the student's level of education when awarding the Subsidized Stafford Loan. Effect: The student was not awarded up to their maximum amount of calculated need. Repeat finding: No Recommendation: We recommend the University evaluate its procedures and a policy around how level of education is determined and verified when packaging and awarding students. Views of responsible officials: There is no disagreement with the audit finding.
Finding 2023-001
Federal Agency: U.S. Department of Education Federal Program Title: Student Financial Aid ALN Number: Student Financial Aid Cluster Award Period: July 01, 2022 through June 30, 2023 Type of Finding: • Significant Deficiency in Internal Control over Compliance • Other Matters Criteria or specific requirement: The Code of Federal Regulations, 34 CFR 685.203(a) outline the maximum subsidized loan amounts for students based on their dependency status, year of education, and other factors. Condition: During our testing, we noted 1 instance out of 40 students tested where the subsidized Stafford loan awarded to the student was less than the maximum amount they were eligible for. Questioned Costs: $42 was under-awarded. Context: One student was awarded less Title IV aid than the maximum they were eligible for. Cause: The University did not appropriately determine the student's level of education when awarding the Subsidized Stafford Loan. Effect: The student was not awarded up to their maximum amount of calculated need. Repeat finding: No Recommendation: We recommend the University evaluate its procedures and a policy around how level of education is determined and verified when packaging and awarding students. Views of responsible officials: There is no disagreement with the audit finding.
Finding 2023-001
Federal Agency: U.S. Department of Education Federal Program Title: Student Financial Aid ALN Number: Student Financial Aid Cluster Award Period: July 01, 2022 through June 30, 2023 Type of Finding: • Significant Deficiency in Internal Control over Compliance • Other Matters Criteria or specific requirement: The Code of Federal Regulations, 34 CFR 685.203(a) outline the maximum subsidized loan amounts for students based on their dependency status, year of education, and other factors. Condition: During our testing, we noted 1 instance out of 40 students tested where the subsidized Stafford loan awarded to the student was less than the maximum amount they were eligible for. Questioned Costs: $42 was under-awarded. Context: One student was awarded less Title IV aid than the maximum they were eligible for. Cause: The University did not appropriately determine the student's level of education when awarding the Subsidized Stafford Loan. Effect: The student was not awarded up to their maximum amount of calculated need. Repeat finding: No Recommendation: We recommend the University evaluate its procedures and a policy around how level of education is determined and verified when packaging and awarding students. Views of responsible officials: There is no disagreement with the audit finding.
Finding 2023-001
Federal Agency: U.S. Department of Education Federal Program Title: Student Financial Aid ALN Number: Student Financial Aid Cluster Award Period: July 01, 2022 through June 30, 2023 Type of Finding: • Significant Deficiency in Internal Control over Compliance • Other Matters Criteria or specific requirement: The Code of Federal Regulations, 34 CFR 685.203(a) outline the maximum subsidized loan amounts for students based on their dependency status, year of education, and other factors. Condition: During our testing, we noted 1 instance out of 40 students tested where the subsidized Stafford loan awarded to the student was less than the maximum amount they were eligible for. Questioned Costs: $42 was under-awarded. Context: One student was awarded less Title IV aid than the maximum they were eligible for. Cause: The University did not appropriately determine the student's level of education when awarding the Subsidized Stafford Loan. Effect: The student was not awarded up to their maximum amount of calculated need. Repeat finding: No Recommendation: We recommend the University evaluate its procedures and a policy around how level of education is determined and verified when packaging and awarding students. Views of responsible officials: There is no disagreement with the audit finding.
Finding 2023-001
Federal Agency: U.S. Department of Education Federal Program Title: Student Financial Aid ALN Number: Student Financial Aid Cluster Award Period: July 01, 2022 through June 30, 2023 Type of Finding: • Significant Deficiency in Internal Control over Compliance • Other Matters Criteria or specific requirement: The Code of Federal Regulations, 34 CFR 685.203(a) outline the maximum subsidized loan amounts for students based on their dependency status, year of education, and other factors. Condition: During our testing, we noted 1 instance out of 40 students tested where the subsidized Stafford loan awarded to the student was less than the maximum amount they were eligible for. Questioned Costs: $42 was under-awarded. Context: One student was awarded less Title IV aid than the maximum they were eligible for. Cause: The University did not appropriately determine the student's level of education when awarding the Subsidized Stafford Loan. Effect: The student was not awarded up to their maximum amount of calculated need. Repeat finding: No Recommendation: We recommend the University evaluate its procedures and a policy around how level of education is determined and verified when packaging and awarding students. Views of responsible officials: There is no disagreement with the audit finding.
Finding 2023-001
Federal Agency: U.S. Department of Education Federal Program Title: Student Financial Aid ALN Number: Student Financial Aid Cluster Award Period: July 01, 2022 through June 30, 2023 Type of Finding: • Significant Deficiency in Internal Control over Compliance • Other Matters Criteria or specific requirement: The Code of Federal Regulations, 34 CFR 685.203(a) outline the maximum subsidized loan amounts for students based on their dependency status, year of education, and other factors. Condition: During our testing, we noted 1 instance out of 40 students tested where the subsidized Stafford loan awarded to the student was less than the maximum amount they were eligible for. Questioned Costs: $42 was under-awarded. Context: One student was awarded less Title IV aid than the maximum they were eligible for. Cause: The University did not appropriately determine the student's level of education when awarding the Subsidized Stafford Loan. Effect: The student was not awarded up to their maximum amount of calculated need. Repeat finding: No Recommendation: We recommend the University evaluate its procedures and a policy around how level of education is determined and verified when packaging and awarding students. Views of responsible officials: There is no disagreement with the audit finding.
Finding 2023-001
Federal Agency: U.S. Department of Education Federal Program Title: Student Financial Aid ALN Number: Student Financial Aid Cluster Award Period: July 01, 2022 through June 30, 2023 Type of Finding: • Significant Deficiency in Internal Control over Compliance • Other Matters Criteria or specific requirement: The Code of Federal Regulations, 34 CFR 685.203(a) outline the maximum subsidized loan amounts for students based on their dependency status, year of education, and other factors. Condition: During our testing, we noted 1 instance out of 40 students tested where the subsidized Stafford loan awarded to the student was less than the maximum amount they were eligible for. Questioned Costs: $42 was under-awarded. Context: One student was awarded less Title IV aid than the maximum they were eligible for. Cause: The University did not appropriately determine the student's level of education when awarding the Subsidized Stafford Loan. Effect: The student was not awarded up to their maximum amount of calculated need. Repeat finding: No Recommendation: We recommend the University evaluate its procedures and a policy around how level of education is determined and verified when packaging and awarding students. Views of responsible officials: There is no disagreement with the audit finding.
Finding 2023-001
Federal Agency: U.S. Department of Education Federal Program Title: Student Financial Aid ALN Number: Student Financial Aid Cluster Award Period: July 01, 2022 through June 30, 2023 Type of Finding: • Significant Deficiency in Internal Control over Compliance • Other Matters Criteria or specific requirement: The Code of Federal Regulations, 34 CFR 685.203(a) outline the maximum subsidized loan amounts for students based on their dependency status, year of education, and other factors. Condition: During our testing, we noted 1 instance out of 40 students tested where the subsidized Stafford loan awarded to the student was less than the maximum amount they were eligible for. Questioned Costs: $42 was under-awarded. Context: One student was awarded less Title IV aid than the maximum they were eligible for. Cause: The University did not appropriately determine the student's level of education when awarding the Subsidized Stafford Loan. Effect: The student was not awarded up to their maximum amount of calculated need. Repeat finding: No Recommendation: We recommend the University evaluate its procedures and a policy around how level of education is determined and verified when packaging and awarding students. Views of responsible officials: There is no disagreement with the audit finding.
Finding 2023-001
Federal Agency: U.S. Department of Education Federal Program Title: Student Financial Aid ALN Number: Student Financial Aid Cluster Award Period: July 01, 2022 through June 30, 2023 Type of Finding: • Significant Deficiency in Internal Control over Compliance • Other Matters Criteria or specific requirement: The Code of Federal Regulations, 34 CFR 685.203(a) outline the maximum subsidized loan amounts for students based on their dependency status, year of education, and other factors. Condition: During our testing, we noted 1 instance out of 40 students tested where the subsidized Stafford loan awarded to the student was less than the maximum amount they were eligible for. Questioned Costs: $42 was under-awarded. Context: One student was awarded less Title IV aid than the maximum they were eligible for. Cause: The University did not appropriately determine the student's level of education when awarding the Subsidized Stafford Loan. Effect: The student was not awarded up to their maximum amount of calculated need. Repeat finding: No Recommendation: We recommend the University evaluate its procedures and a policy around how level of education is determined and verified when packaging and awarding students. Views of responsible officials: There is no disagreement with the audit finding.
Finding 2023-001
Federal Agency: U.S. Department of Education Federal Program Title: Student Financial Aid ALN Number: Student Financial Aid Cluster Award Period: July 01, 2022 through June 30, 2023 Type of Finding: • Significant Deficiency in Internal Control over Compliance • Other Matters Criteria or specific requirement: The Code of Federal Regulations, 34 CFR 685.203(a) outline the maximum subsidized loan amounts for students based on their dependency status, year of education, and other factors. Condition: During our testing, we noted 1 instance out of 40 students tested where the subsidized Stafford loan awarded to the student was less than the maximum amount they were eligible for. Questioned Costs: $42 was under-awarded. Context: One student was awarded less Title IV aid than the maximum they were eligible for. Cause: The University did not appropriately determine the student's level of education when awarding the Subsidized Stafford Loan. Effect: The student was not awarded up to their maximum amount of calculated need. Repeat finding: No Recommendation: We recommend the University evaluate its procedures and a policy around how level of education is determined and verified when packaging and awarding students. Views of responsible officials: There is no disagreement with the audit finding.
Finding 2023-001
Federal Agency: U.S. Department of Education Federal Program Title: Student Financial Aid ALN Number: Student Financial Aid Cluster Award Period: July 01, 2022 through June 30, 2023 Type of Finding: • Significant Deficiency in Internal Control over Compliance • Other Matters Criteria or specific requirement: The Code of Federal Regulations, 34 CFR 685.203(a) outline the maximum subsidized loan amounts for students based on their dependency status, year of education, and other factors. Condition: During our testing, we noted 1 instance out of 40 students tested where the subsidized Stafford loan awarded to the student was less than the maximum amount they were eligible for. Questioned Costs: $42 was under-awarded. Context: One student was awarded less Title IV aid than the maximum they were eligible for. Cause: The University did not appropriately determine the student's level of education when awarding the Subsidized Stafford Loan. Effect: The student was not awarded up to their maximum amount of calculated need. Repeat finding: No Recommendation: We recommend the University evaluate its procedures and a policy around how level of education is determined and verified when packaging and awarding students. Views of responsible officials: There is no disagreement with the audit finding.
Finding 2023-001
Federal Agency: U.S. Department of Education Federal Program Title: Student Financial Aid ALN Number: Student Financial Aid Cluster Award Period: July 01, 2022 through June 30, 2023 Type of Finding: • Significant Deficiency in Internal Control over Compliance • Other Matters Criteria or specific requirement: The Code of Federal Regulations, 34 CFR 685.203(a) outline the maximum subsidized loan amounts for students based on their dependency status, year of education, and other factors. Condition: During our testing, we noted 1 instance out of 40 students tested where the subsidized Stafford loan awarded to the student was less than the maximum amount they were eligible for. Questioned Costs: $42 was under-awarded. Context: One student was awarded less Title IV aid than the maximum they were eligible for. Cause: The University did not appropriately determine the student's level of education when awarding the Subsidized Stafford Loan. Effect: The student was not awarded up to their maximum amount of calculated need. Repeat finding: No Recommendation: We recommend the University evaluate its procedures and a policy around how level of education is determined and verified when packaging and awarding students. Views of responsible officials: There is no disagreement with the audit finding.
Finding 2023-001
Federal Agency: U.S. Department of Education Federal Program Title: Student Financial Aid ALN Number: Student Financial Aid Cluster Award Period: July 01, 2022 through June 30, 2023 Type of Finding: • Significant Deficiency in Internal Control over Compliance • Other Matters Criteria or specific requirement: The Code of Federal Regulations, 34 CFR 685.203(a) outline the maximum subsidized loan amounts for students based on their dependency status, year of education, and other factors. Condition: During our testing, we noted 1 instance out of 40 students tested where the subsidized Stafford loan awarded to the student was less than the maximum amount they were eligible for. Questioned Costs: $42 was under-awarded. Context: One student was awarded less Title IV aid than the maximum they were eligible for. Cause: The University did not appropriately determine the student's level of education when awarding the Subsidized Stafford Loan. Effect: The student was not awarded up to their maximum amount of calculated need. Repeat finding: No Recommendation: We recommend the University evaluate its procedures and a policy around how level of education is determined and verified when packaging and awarding students. Views of responsible officials: There is no disagreement with the audit finding.