FAC Explorer

Audit 294749

FY End
2023-06-30
Total Expended
$14.53M
Findings
20
Programs
10
Organization: Prescott College, Inc. (AZ)
Year: 2023 Accepted: 2024-03-12
Auditor: Cliftonlarsonallen LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
375676 2023-002 Significant Deficiency - N
375677 2023-002 Significant Deficiency - N
375678 2023-002 Significant Deficiency - N
375679 2023-002 Significant Deficiency - N
375680 2023-002 Significant Deficiency - N
375681 2023-003 Significant Deficiency - N
375682 2023-003 Significant Deficiency - N
375683 2023-003 Significant Deficiency - N
375684 2023-003 Significant Deficiency - N
375685 2023-003 Significant Deficiency - N
952118 2023-002 Significant Deficiency - N
952119 2023-002 Significant Deficiency - N
952120 2023-002 Significant Deficiency - N
952121 2023-002 Significant Deficiency - N
952122 2023-002 Significant Deficiency - N
952123 2023-003 Significant Deficiency - N
952124 2023-003 Significant Deficiency - N
952125 2023-003 Significant Deficiency - N
952126 2023-003 Significant Deficiency - N
952127 2023-003 Significant Deficiency - N

Programs

ALN Program Spent Major Findings
84.268 Federal Direct Student Loans $12.01M Yes 2
84.063 Federal Pell Grant Program $835,588 Yes 2
94.006 Americorps $438,617 - 0
84.031 Higher Education_institutional Aid $252,278 - 0
84.033 Federal Work-Study Program $117,463 - 2
94.013 Volunteers in Service to America $93,327 - 0
10.310 Agriculture and Food Research Initiative (afri) $79,214 - 0
84.007 Federal Supplemental Educational Opportunity Grants $75,392 Yes 2
84.379 Teacher Education Assistance for College and Higher Education Grants (teach Grants) $31,122 - 2
15.637 Migratory Bird Joint Ventures $1,426 - 0

Contacts

Name Title Type
WA41FYUAR7P5 Michele Peterson Auditee
9709032036 Don Loberg Auditor
No contacts on file

Notes to SEFA

Title: Basis of Presentation Accounting Policies: Expenditures 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. Prescott College, Inc. has not provided amounts to subrecipients during the year ended June 30, 2023. De Minimis Rate Used: N Rate Explanation: Prescott College, Inc. has not elected to use the ten percent de minimis indirect cost rate allowed under the Uniform Guidance. The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Prescott College, Inc. 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 Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (the Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Prescott College, Inc., it is not intended to and does not present the financial position, changes in net assets or cash flows of Prescott College, Inc.

Finding Details

Finding 2023-002
Federal Agency: Department of Education Federal Program Title: Student Financial Aid Cluster ALN Numbers: Multiple Award Period: July 1, 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 668.165(a)(2) requires notification be sent to students no earlier than 30 days before the disbursement and no later than 30 days after the Direct Loans are disbursed to their accounts if the College obtains active confirmation. If the College does not obtain active confirmation, notifications are required to be sent no earlier than 30 days before the disbursement and not later than seven days to the student when loan funds are disbursed to their accounts. Condition: During our testing, we noted that 37 of 37 students tested did not receive disbursement notifications before the required deadline established by the Department of Education. Questioned costs: None Context: In the process of cleaning up student accounts receivable after the previous Bursar left, this procedure was inadvertently stopped. Cause: Lack of oversight by management to verify the notifications were sent within the required timeframe. Effect: Student may not have been aware of when their federal aid was disbursed and therefore may not know their rights to be able to return loan funds. The College is not in compliance with Department of Education requirements. Repeat finding: No Recommendation: We recommend the College review and strengthen its procedures for notifying students of their Direct Loan disbursements within the required time frame and that documentation of the letters sent is maintained. Views of responsible officials: There is no disagreement with the audit finding.
Finding 2023-002
Federal Agency: Department of Education Federal Program Title: Student Financial Aid Cluster ALN Numbers: Multiple Award Period: July 1, 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 668.165(a)(2) requires notification be sent to students no earlier than 30 days before the disbursement and no later than 30 days after the Direct Loans are disbursed to their accounts if the College obtains active confirmation. If the College does not obtain active confirmation, notifications are required to be sent no earlier than 30 days before the disbursement and not later than seven days to the student when loan funds are disbursed to their accounts. Condition: During our testing, we noted that 37 of 37 students tested did not receive disbursement notifications before the required deadline established by the Department of Education. Questioned costs: None Context: In the process of cleaning up student accounts receivable after the previous Bursar left, this procedure was inadvertently stopped. Cause: Lack of oversight by management to verify the notifications were sent within the required timeframe. Effect: Student may not have been aware of when their federal aid was disbursed and therefore may not know their rights to be able to return loan funds. The College is not in compliance with Department of Education requirements. Repeat finding: No Recommendation: We recommend the College review and strengthen its procedures for notifying students of their Direct Loan disbursements within the required time frame and that documentation of the letters sent is maintained. Views of responsible officials: There is no disagreement with the audit finding.
Finding 2023-002
Federal Agency: Department of Education Federal Program Title: Student Financial Aid Cluster ALN Numbers: Multiple Award Period: July 1, 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 668.165(a)(2) requires notification be sent to students no earlier than 30 days before the disbursement and no later than 30 days after the Direct Loans are disbursed to their accounts if the College obtains active confirmation. If the College does not obtain active confirmation, notifications are required to be sent no earlier than 30 days before the disbursement and not later than seven days to the student when loan funds are disbursed to their accounts. Condition: During our testing, we noted that 37 of 37 students tested did not receive disbursement notifications before the required deadline established by the Department of Education. Questioned costs: None Context: In the process of cleaning up student accounts receivable after the previous Bursar left, this procedure was inadvertently stopped. Cause: Lack of oversight by management to verify the notifications were sent within the required timeframe. Effect: Student may not have been aware of when their federal aid was disbursed and therefore may not know their rights to be able to return loan funds. The College is not in compliance with Department of Education requirements. Repeat finding: No Recommendation: We recommend the College review and strengthen its procedures for notifying students of their Direct Loan disbursements within the required time frame and that documentation of the letters sent is maintained. Views of responsible officials: There is no disagreement with the audit finding.
Finding 2023-002
Federal Agency: Department of Education Federal Program Title: Student Financial Aid Cluster ALN Numbers: Multiple Award Period: July 1, 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 668.165(a)(2) requires notification be sent to students no earlier than 30 days before the disbursement and no later than 30 days after the Direct Loans are disbursed to their accounts if the College obtains active confirmation. If the College does not obtain active confirmation, notifications are required to be sent no earlier than 30 days before the disbursement and not later than seven days to the student when loan funds are disbursed to their accounts. Condition: During our testing, we noted that 37 of 37 students tested did not receive disbursement notifications before the required deadline established by the Department of Education. Questioned costs: None Context: In the process of cleaning up student accounts receivable after the previous Bursar left, this procedure was inadvertently stopped. Cause: Lack of oversight by management to verify the notifications were sent within the required timeframe. Effect: Student may not have been aware of when their federal aid was disbursed and therefore may not know their rights to be able to return loan funds. The College is not in compliance with Department of Education requirements. Repeat finding: No Recommendation: We recommend the College review and strengthen its procedures for notifying students of their Direct Loan disbursements within the required time frame and that documentation of the letters sent is maintained. Views of responsible officials: There is no disagreement with the audit finding.
Finding 2023-002
Federal Agency: Department of Education Federal Program Title: Student Financial Aid Cluster ALN Numbers: Multiple Award Period: July 1, 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 668.165(a)(2) requires notification be sent to students no earlier than 30 days before the disbursement and no later than 30 days after the Direct Loans are disbursed to their accounts if the College obtains active confirmation. If the College does not obtain active confirmation, notifications are required to be sent no earlier than 30 days before the disbursement and not later than seven days to the student when loan funds are disbursed to their accounts. Condition: During our testing, we noted that 37 of 37 students tested did not receive disbursement notifications before the required deadline established by the Department of Education. Questioned costs: None Context: In the process of cleaning up student accounts receivable after the previous Bursar left, this procedure was inadvertently stopped. Cause: Lack of oversight by management to verify the notifications were sent within the required timeframe. Effect: Student may not have been aware of when their federal aid was disbursed and therefore may not know their rights to be able to return loan funds. The College is not in compliance with Department of Education requirements. Repeat finding: No Recommendation: We recommend the College review and strengthen its procedures for notifying students of their Direct Loan disbursements within the required time frame and that documentation of the letters sent is maintained. Views of responsible officials: There is no disagreement with the audit finding.
Finding 2023-003
Federal Agency: Department of Education Federal Program Title: Student Financial Aid Cluster ALN Numbers: Multiple Award Period: July 1, 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 668.164(e)(2)(viii); 668.164(f)(4)(iii)(B); 668.164(f)(4)(v), requires that a school must provide to ED an up-to-date URL for the contract for publication in a centralized database accessible to the public. Condition: During our testing, we noted the College had not updated the Department of Education with their current third party servicer, Nelnet Business Solutions, LLC. Questioned costs: None Context: During our testing, we noted the College had not updated the Department of Education with an up-to-date URL for the contract with the College's current third party servicer. Cause: Lack of oversight by management to verify the third party servicer was reported to the Department of Education. Effect: The College is not in compliance with Department of Education requirements that state the College must report an up-to-date URL for the contract with their third party servicer. Repeat finding: No Recommendation: We recommend the College review its reporting procedures surrounding their third party servicer to ensure reporting is accurate and complete. Views of responsible officials: There is no disagreement with the audit finding.
Finding 2023-003
Federal Agency: Department of Education Federal Program Title: Student Financial Aid Cluster ALN Numbers: Multiple Award Period: July 1, 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 668.164(e)(2)(viii); 668.164(f)(4)(iii)(B); 668.164(f)(4)(v), requires that a school must provide to ED an up-to-date URL for the contract for publication in a centralized database accessible to the public. Condition: During our testing, we noted the College had not updated the Department of Education with their current third party servicer, Nelnet Business Solutions, LLC. Questioned costs: None Context: During our testing, we noted the College had not updated the Department of Education with an up-to-date URL for the contract with the College's current third party servicer. Cause: Lack of oversight by management to verify the third party servicer was reported to the Department of Education. Effect: The College is not in compliance with Department of Education requirements that state the College must report an up-to-date URL for the contract with their third party servicer. Repeat finding: No Recommendation: We recommend the College review its reporting procedures surrounding their third party servicer to ensure reporting is accurate and complete. Views of responsible officials: There is no disagreement with the audit finding.
Finding 2023-003
Federal Agency: Department of Education Federal Program Title: Student Financial Aid Cluster ALN Numbers: Multiple Award Period: July 1, 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 668.164(e)(2)(viii); 668.164(f)(4)(iii)(B); 668.164(f)(4)(v), requires that a school must provide to ED an up-to-date URL for the contract for publication in a centralized database accessible to the public. Condition: During our testing, we noted the College had not updated the Department of Education with their current third party servicer, Nelnet Business Solutions, LLC. Questioned costs: None Context: During our testing, we noted the College had not updated the Department of Education with an up-to-date URL for the contract with the College's current third party servicer. Cause: Lack of oversight by management to verify the third party servicer was reported to the Department of Education. Effect: The College is not in compliance with Department of Education requirements that state the College must report an up-to-date URL for the contract with their third party servicer. Repeat finding: No Recommendation: We recommend the College review its reporting procedures surrounding their third party servicer to ensure reporting is accurate and complete. Views of responsible officials: There is no disagreement with the audit finding.
Finding 2023-003
Federal Agency: Department of Education Federal Program Title: Student Financial Aid Cluster ALN Numbers: Multiple Award Period: July 1, 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 668.164(e)(2)(viii); 668.164(f)(4)(iii)(B); 668.164(f)(4)(v), requires that a school must provide to ED an up-to-date URL for the contract for publication in a centralized database accessible to the public. Condition: During our testing, we noted the College had not updated the Department of Education with their current third party servicer, Nelnet Business Solutions, LLC. Questioned costs: None Context: During our testing, we noted the College had not updated the Department of Education with an up-to-date URL for the contract with the College's current third party servicer. Cause: Lack of oversight by management to verify the third party servicer was reported to the Department of Education. Effect: The College is not in compliance with Department of Education requirements that state the College must report an up-to-date URL for the contract with their third party servicer. Repeat finding: No Recommendation: We recommend the College review its reporting procedures surrounding their third party servicer to ensure reporting is accurate and complete. Views of responsible officials: There is no disagreement with the audit finding.
Finding 2023-003
Federal Agency: Department of Education Federal Program Title: Student Financial Aid Cluster ALN Numbers: Multiple Award Period: July 1, 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 668.164(e)(2)(viii); 668.164(f)(4)(iii)(B); 668.164(f)(4)(v), requires that a school must provide to ED an up-to-date URL for the contract for publication in a centralized database accessible to the public. Condition: During our testing, we noted the College had not updated the Department of Education with their current third party servicer, Nelnet Business Solutions, LLC. Questioned costs: None Context: During our testing, we noted the College had not updated the Department of Education with an up-to-date URL for the contract with the College's current third party servicer. Cause: Lack of oversight by management to verify the third party servicer was reported to the Department of Education. Effect: The College is not in compliance with Department of Education requirements that state the College must report an up-to-date URL for the contract with their third party servicer. Repeat finding: No Recommendation: We recommend the College review its reporting procedures surrounding their third party servicer to ensure reporting is accurate and complete. Views of responsible officials: There is no disagreement with the audit finding.
Finding 2023-002
Federal Agency: Department of Education Federal Program Title: Student Financial Aid Cluster ALN Numbers: Multiple Award Period: July 1, 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 668.165(a)(2) requires notification be sent to students no earlier than 30 days before the disbursement and no later than 30 days after the Direct Loans are disbursed to their accounts if the College obtains active confirmation. If the College does not obtain active confirmation, notifications are required to be sent no earlier than 30 days before the disbursement and not later than seven days to the student when loan funds are disbursed to their accounts. Condition: During our testing, we noted that 37 of 37 students tested did not receive disbursement notifications before the required deadline established by the Department of Education. Questioned costs: None Context: In the process of cleaning up student accounts receivable after the previous Bursar left, this procedure was inadvertently stopped. Cause: Lack of oversight by management to verify the notifications were sent within the required timeframe. Effect: Student may not have been aware of when their federal aid was disbursed and therefore may not know their rights to be able to return loan funds. The College is not in compliance with Department of Education requirements. Repeat finding: No Recommendation: We recommend the College review and strengthen its procedures for notifying students of their Direct Loan disbursements within the required time frame and that documentation of the letters sent is maintained. Views of responsible officials: There is no disagreement with the audit finding.
Finding 2023-002
Federal Agency: Department of Education Federal Program Title: Student Financial Aid Cluster ALN Numbers: Multiple Award Period: July 1, 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 668.165(a)(2) requires notification be sent to students no earlier than 30 days before the disbursement and no later than 30 days after the Direct Loans are disbursed to their accounts if the College obtains active confirmation. If the College does not obtain active confirmation, notifications are required to be sent no earlier than 30 days before the disbursement and not later than seven days to the student when loan funds are disbursed to their accounts. Condition: During our testing, we noted that 37 of 37 students tested did not receive disbursement notifications before the required deadline established by the Department of Education. Questioned costs: None Context: In the process of cleaning up student accounts receivable after the previous Bursar left, this procedure was inadvertently stopped. Cause: Lack of oversight by management to verify the notifications were sent within the required timeframe. Effect: Student may not have been aware of when their federal aid was disbursed and therefore may not know their rights to be able to return loan funds. The College is not in compliance with Department of Education requirements. Repeat finding: No Recommendation: We recommend the College review and strengthen its procedures for notifying students of their Direct Loan disbursements within the required time frame and that documentation of the letters sent is maintained. Views of responsible officials: There is no disagreement with the audit finding.
Finding 2023-002
Federal Agency: Department of Education Federal Program Title: Student Financial Aid Cluster ALN Numbers: Multiple Award Period: July 1, 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 668.165(a)(2) requires notification be sent to students no earlier than 30 days before the disbursement and no later than 30 days after the Direct Loans are disbursed to their accounts if the College obtains active confirmation. If the College does not obtain active confirmation, notifications are required to be sent no earlier than 30 days before the disbursement and not later than seven days to the student when loan funds are disbursed to their accounts. Condition: During our testing, we noted that 37 of 37 students tested did not receive disbursement notifications before the required deadline established by the Department of Education. Questioned costs: None Context: In the process of cleaning up student accounts receivable after the previous Bursar left, this procedure was inadvertently stopped. Cause: Lack of oversight by management to verify the notifications were sent within the required timeframe. Effect: Student may not have been aware of when their federal aid was disbursed and therefore may not know their rights to be able to return loan funds. The College is not in compliance with Department of Education requirements. Repeat finding: No Recommendation: We recommend the College review and strengthen its procedures for notifying students of their Direct Loan disbursements within the required time frame and that documentation of the letters sent is maintained. Views of responsible officials: There is no disagreement with the audit finding.
Finding 2023-002
Federal Agency: Department of Education Federal Program Title: Student Financial Aid Cluster ALN Numbers: Multiple Award Period: July 1, 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 668.165(a)(2) requires notification be sent to students no earlier than 30 days before the disbursement and no later than 30 days after the Direct Loans are disbursed to their accounts if the College obtains active confirmation. If the College does not obtain active confirmation, notifications are required to be sent no earlier than 30 days before the disbursement and not later than seven days to the student when loan funds are disbursed to their accounts. Condition: During our testing, we noted that 37 of 37 students tested did not receive disbursement notifications before the required deadline established by the Department of Education. Questioned costs: None Context: In the process of cleaning up student accounts receivable after the previous Bursar left, this procedure was inadvertently stopped. Cause: Lack of oversight by management to verify the notifications were sent within the required timeframe. Effect: Student may not have been aware of when their federal aid was disbursed and therefore may not know their rights to be able to return loan funds. The College is not in compliance with Department of Education requirements. Repeat finding: No Recommendation: We recommend the College review and strengthen its procedures for notifying students of their Direct Loan disbursements within the required time frame and that documentation of the letters sent is maintained. Views of responsible officials: There is no disagreement with the audit finding.
Finding 2023-002
Federal Agency: Department of Education Federal Program Title: Student Financial Aid Cluster ALN Numbers: Multiple Award Period: July 1, 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 668.165(a)(2) requires notification be sent to students no earlier than 30 days before the disbursement and no later than 30 days after the Direct Loans are disbursed to their accounts if the College obtains active confirmation. If the College does not obtain active confirmation, notifications are required to be sent no earlier than 30 days before the disbursement and not later than seven days to the student when loan funds are disbursed to their accounts. Condition: During our testing, we noted that 37 of 37 students tested did not receive disbursement notifications before the required deadline established by the Department of Education. Questioned costs: None Context: In the process of cleaning up student accounts receivable after the previous Bursar left, this procedure was inadvertently stopped. Cause: Lack of oversight by management to verify the notifications were sent within the required timeframe. Effect: Student may not have been aware of when their federal aid was disbursed and therefore may not know their rights to be able to return loan funds. The College is not in compliance with Department of Education requirements. Repeat finding: No Recommendation: We recommend the College review and strengthen its procedures for notifying students of their Direct Loan disbursements within the required time frame and that documentation of the letters sent is maintained. Views of responsible officials: There is no disagreement with the audit finding.
Finding 2023-003
Federal Agency: Department of Education Federal Program Title: Student Financial Aid Cluster ALN Numbers: Multiple Award Period: July 1, 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 668.164(e)(2)(viii); 668.164(f)(4)(iii)(B); 668.164(f)(4)(v), requires that a school must provide to ED an up-to-date URL for the contract for publication in a centralized database accessible to the public. Condition: During our testing, we noted the College had not updated the Department of Education with their current third party servicer, Nelnet Business Solutions, LLC. Questioned costs: None Context: During our testing, we noted the College had not updated the Department of Education with an up-to-date URL for the contract with the College's current third party servicer. Cause: Lack of oversight by management to verify the third party servicer was reported to the Department of Education. Effect: The College is not in compliance with Department of Education requirements that state the College must report an up-to-date URL for the contract with their third party servicer. Repeat finding: No Recommendation: We recommend the College review its reporting procedures surrounding their third party servicer to ensure reporting is accurate and complete. Views of responsible officials: There is no disagreement with the audit finding.
Finding 2023-003
Federal Agency: Department of Education Federal Program Title: Student Financial Aid Cluster ALN Numbers: Multiple Award Period: July 1, 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 668.164(e)(2)(viii); 668.164(f)(4)(iii)(B); 668.164(f)(4)(v), requires that a school must provide to ED an up-to-date URL for the contract for publication in a centralized database accessible to the public. Condition: During our testing, we noted the College had not updated the Department of Education with their current third party servicer, Nelnet Business Solutions, LLC. Questioned costs: None Context: During our testing, we noted the College had not updated the Department of Education with an up-to-date URL for the contract with the College's current third party servicer. Cause: Lack of oversight by management to verify the third party servicer was reported to the Department of Education. Effect: The College is not in compliance with Department of Education requirements that state the College must report an up-to-date URL for the contract with their third party servicer. Repeat finding: No Recommendation: We recommend the College review its reporting procedures surrounding their third party servicer to ensure reporting is accurate and complete. Views of responsible officials: There is no disagreement with the audit finding.
Finding 2023-003
Federal Agency: Department of Education Federal Program Title: Student Financial Aid Cluster ALN Numbers: Multiple Award Period: July 1, 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 668.164(e)(2)(viii); 668.164(f)(4)(iii)(B); 668.164(f)(4)(v), requires that a school must provide to ED an up-to-date URL for the contract for publication in a centralized database accessible to the public. Condition: During our testing, we noted the College had not updated the Department of Education with their current third party servicer, Nelnet Business Solutions, LLC. Questioned costs: None Context: During our testing, we noted the College had not updated the Department of Education with an up-to-date URL for the contract with the College's current third party servicer. Cause: Lack of oversight by management to verify the third party servicer was reported to the Department of Education. Effect: The College is not in compliance with Department of Education requirements that state the College must report an up-to-date URL for the contract with their third party servicer. Repeat finding: No Recommendation: We recommend the College review its reporting procedures surrounding their third party servicer to ensure reporting is accurate and complete. Views of responsible officials: There is no disagreement with the audit finding.
Finding 2023-003
Federal Agency: Department of Education Federal Program Title: Student Financial Aid Cluster ALN Numbers: Multiple Award Period: July 1, 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 668.164(e)(2)(viii); 668.164(f)(4)(iii)(B); 668.164(f)(4)(v), requires that a school must provide to ED an up-to-date URL for the contract for publication in a centralized database accessible to the public. Condition: During our testing, we noted the College had not updated the Department of Education with their current third party servicer, Nelnet Business Solutions, LLC. Questioned costs: None Context: During our testing, we noted the College had not updated the Department of Education with an up-to-date URL for the contract with the College's current third party servicer. Cause: Lack of oversight by management to verify the third party servicer was reported to the Department of Education. Effect: The College is not in compliance with Department of Education requirements that state the College must report an up-to-date URL for the contract with their third party servicer. Repeat finding: No Recommendation: We recommend the College review its reporting procedures surrounding their third party servicer to ensure reporting is accurate and complete. Views of responsible officials: There is no disagreement with the audit finding.
Finding 2023-003
Federal Agency: Department of Education Federal Program Title: Student Financial Aid Cluster ALN Numbers: Multiple Award Period: July 1, 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 668.164(e)(2)(viii); 668.164(f)(4)(iii)(B); 668.164(f)(4)(v), requires that a school must provide to ED an up-to-date URL for the contract for publication in a centralized database accessible to the public. Condition: During our testing, we noted the College had not updated the Department of Education with their current third party servicer, Nelnet Business Solutions, LLC. Questioned costs: None Context: During our testing, we noted the College had not updated the Department of Education with an up-to-date URL for the contract with the College's current third party servicer. Cause: Lack of oversight by management to verify the third party servicer was reported to the Department of Education. Effect: The College is not in compliance with Department of Education requirements that state the College must report an up-to-date URL for the contract with their third party servicer. Repeat finding: No Recommendation: We recommend the College review its reporting procedures surrounding their third party servicer to ensure reporting is accurate and complete. Views of responsible officials: There is no disagreement with the audit finding.