Audit 295472

FY End
2023-06-30
Total Expended
$2.70M
Findings
10
Programs
3
Year: 2023 Accepted: 2024-03-18
Auditor: Sikich LLP

Organization Exclusion Status:

Checking exclusion status...

Findings

ID Ref Severity Repeat Requirement
380761 2023-001 - Yes E
380762 2023-002 - - E
380763 2023-003 - Yes N
380764 2023-004 Significant Deficiency Yes N
380765 2023-005 Material Weakness - L
957203 2023-001 - Yes E
957204 2023-002 - - E
957205 2023-003 - Yes N
957206 2023-004 Significant Deficiency Yes N
957207 2023-005 Material Weakness - L

Programs

ALN Program Spent Major Findings
84.268 Federal Direct Student Loans $2.18M Yes 4
84.063 Federal Pell Grant Program $494,581 Yes 1
84.007 Federal Supplemental Educational Opportunity Grants $18,450 Yes 0

Contacts

Name Title Type
D44KX37DNUS9 Barry Lease Auditee
4123628500 Ray Krouse Auditor
No contacts on file

Notes to SEFA

Title: FEDERAL LOAN PROGRAM Accounting Policies: The accompanying schedule of expenditures of federal awards is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: Pittsburgh Institute of Mortuary Science, Inc. has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. For the year ended June 30, 2023, Pittsburgh Institute of Mortuary Science, Inc. acted as a passthrough agency for Direct Federal Stafford Loans (subsidized, unsubsidized and PLUS) to students and parents in the amount of $2,182,518.
Title: OTHER INFORMATION Accounting Policies: The accompanying schedule of expenditures of federal awards is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: Pittsburgh Institute of Mortuary Science, Inc. has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. Pittsburgh Institute of Mortuary Science, Inc. did not receive any federal insurance or federal noncash assistance and did not provide any amounts to sub-recipients.

Finding Details

FINDING 2023-001: INCORRECT PELL GRANTS FEDERAL AGENCY: U.S. DEPARTMENT OF EDUCATION PROGRAM NAME: FEDERAL PELL GRANT PROGRAM AND FEDERAL DIRECT LOAN PROGRAM ALN: 84.063 FEDERAL AWARD YEAR: 2022-2023 Compliance Requirement: Eligibility (E.) Criteria: The amount of a student’s Federal Pell Grant for an academic year is based upon the payment and disbursement schedules published by the Secretary for each award year (34 CFR 690.62). Condition: We tested thirty-seven files, twenty-one of which were Pell Grant recipients, and one student received a Pell grant in excess of her allowed amount and one student did not receive the full amount of her allowed Pell grant. The students were eligible for $5,784, but received $6,164. We consider this finding to be an instance of non-compliance and is a repeat finding shown in Section IV of this report as prior year Finding 2022-001. Cause: The condition was caused by using an incorrect number of credits while calculating the Pell. Effect: The result is the student received ineligible Pell monies. Question Costs: $811 Statistical sampling was not used when making sample selections. Recommendation: We recommend the Institution refund $811 to the Department of Education, credit $431 to the student's account and increase controls over Pell Grants. Views of Responsible Officials: The Institution agrees with the Single Audit Finding and a response is included in the Corrective Action Plan.
FINDING 2023-002: OVERAWARDED FEDERAL DIRECT SUBSIDIZED LOAN FEDERAL AGENCY: U.S. DEPARTMENT OF EDUCATION PROGRAM NAME: FEDERAL DIRECT LOAN PROGRAM ALN: 84.268 FEDERAL AWARD YEAR: 2022-2023 Compliance Requirement: Eligibility (E.) Criteria: A third year student can receive up to $5,500 in subsidized loans in one academic year (34 CFR 685.203). Condition: We tested thirty-seven files, thirty-four of which were Federal Direct Loan recipients, and one student was overawarded a Federal Direct subsidized loan. We consider this finding to be an instance of non-compliance. Cause: The condition was caused by using an incorrect number of credits while calculating the subsidized. Effect: The result is the student received ineligible loan proceeds. Question Costs: $2,709 Statistical sampling was not used when making sample selections. Recommendation: We recommend the Institution refund $2,709 to the Department of Education and increase controls over Direct Loans. Views of Responsible Officials: The Institution agrees with the Single Audit Finding and a response is included in the Corrective Action Plan.
FINDING 2023-003: LATE REFUND FEDERAL AGENCY: U.S. DEPARTMENT OF EDUCATION PROGRAM NAME: FEDERAL DIRECT LOAN PROGRAM ALN: 84.268 FEDERAL AWARD YEAR: 2022-2023 Compliance Requirement: Special Tests and Provisions (N.) - Return of Title IV Funds Criteria: The Department of Education requires that all refunds be made within 45 days of a student’s withdrawal (34 CFR 668.22, 685.306). Condition: We tested thirteen drop students in our sample and noted one late refund. We consider this finding to be an instance of non-compliance and is a repeat finding shown in Section IV of this report as prior year Finding 2022-003. Cause: The condition was caused by an oversight in the financial aid department. Effect: The result is the Institution retained funds which should have been returned to the Department of Education. Question Costs: $1,478 Statistical sampling was not used when making sample selections. Recommendation: We recommend the Institution increase controls over refunds. Views of Responsible Officials: The Institution agrees with the Single Audit Finding and a response is included in the Corrective Action Plan.
FINDING 2023-004: INCORRECT REFUND CALCULATIONS FEDERAL AGENCY: U.S. DEPARTMENT OF EDUCATION PROGRAM NAME: FEDERAL DIRECT LOAN PROGRAM ALN: 84.268 FEDERAL AWARD YEAR: 2022-2023 Compliance Requirement: Special Tests and Provisions (N.) - Return of Title IV Funds Criteria: An institution must use the Return to Title IV refund calculation (34 CFR 668.22). Condition: We tested thirteen drop students and found two incorrect refund calculations. We consider this finding to be a significant deficiency and is a repeat finding shown in Section IV of this report as prior year Finding 2022-002. Cause: The condition was caused by using incorrect amounts in Step 1 of the Return to Title IV refund calculation for one student and by using incorrect charges in Step 5 of the Return to Title IV refund calculation for the other student. Effect: The result is the Institution refunded incorrect amounts to the Department of Education. Question Costs: $352 Statistical sampling was not used when making sample selections. Recommendation: We recommend the Institution refund $352 to the Department of Education and increase controls over refunds. There is no liablity for the remaining $362, as this was due to overrefunding loans. Views of Responsible Officials: The Institution agrees with the Single Audit Finding and a response is included in the Corrective Action Plan.
FINDING 2023-005: INACCURATE ENROLLMENT STATUS REPORTING FEDERAL AGENCY: U.S. DEPARTMENT OF EDUCATION PROGRAM NAME: FEDERAL DIRECT LOAN PROGRAM ALN: 84.268 FEDERAL AWARD YEAR: 2022-2023 Compliance Requirement: Reporting (L.) Criteria: Institutions are required to provide enrollment update responses to the Enrollment Reporting Roster File within fifteen days of receipt (34 CFR 685.309). Condition: We tested thirty-seven files and enrollment status effective dates were either incorrectly reported or not reported to the National Student Loan Data System (NSLDS) for ten students. We consider this finding to be a material weakness. Cause: The condition was caused by a breakdown in controls over enrollment reporting. Effect: The result is the students’ enrollment dates were reported to NSLDS inaccurately or were missing. Question Costs: $0 Statistical sampling was not used when making sample selections. Recommendation: We recommend the Institution update the effective dates in NSLDS and increase controls over enrollment reporting. Views of Responsible Officials: The Institution agrees with the Single Audit Finding and a response is included in the Corrective Action Plan.
FINDING 2023-001: INCORRECT PELL GRANTS FEDERAL AGENCY: U.S. DEPARTMENT OF EDUCATION PROGRAM NAME: FEDERAL PELL GRANT PROGRAM AND FEDERAL DIRECT LOAN PROGRAM ALN: 84.063 FEDERAL AWARD YEAR: 2022-2023 Compliance Requirement: Eligibility (E.) Criteria: The amount of a student’s Federal Pell Grant for an academic year is based upon the payment and disbursement schedules published by the Secretary for each award year (34 CFR 690.62). Condition: We tested thirty-seven files, twenty-one of which were Pell Grant recipients, and one student received a Pell grant in excess of her allowed amount and one student did not receive the full amount of her allowed Pell grant. The students were eligible for $5,784, but received $6,164. We consider this finding to be an instance of non-compliance and is a repeat finding shown in Section IV of this report as prior year Finding 2022-001. Cause: The condition was caused by using an incorrect number of credits while calculating the Pell. Effect: The result is the student received ineligible Pell monies. Question Costs: $811 Statistical sampling was not used when making sample selections. Recommendation: We recommend the Institution refund $811 to the Department of Education, credit $431 to the student's account and increase controls over Pell Grants. Views of Responsible Officials: The Institution agrees with the Single Audit Finding and a response is included in the Corrective Action Plan.
FINDING 2023-002: OVERAWARDED FEDERAL DIRECT SUBSIDIZED LOAN FEDERAL AGENCY: U.S. DEPARTMENT OF EDUCATION PROGRAM NAME: FEDERAL DIRECT LOAN PROGRAM ALN: 84.268 FEDERAL AWARD YEAR: 2022-2023 Compliance Requirement: Eligibility (E.) Criteria: A third year student can receive up to $5,500 in subsidized loans in one academic year (34 CFR 685.203). Condition: We tested thirty-seven files, thirty-four of which were Federal Direct Loan recipients, and one student was overawarded a Federal Direct subsidized loan. We consider this finding to be an instance of non-compliance. Cause: The condition was caused by using an incorrect number of credits while calculating the subsidized. Effect: The result is the student received ineligible loan proceeds. Question Costs: $2,709 Statistical sampling was not used when making sample selections. Recommendation: We recommend the Institution refund $2,709 to the Department of Education and increase controls over Direct Loans. Views of Responsible Officials: The Institution agrees with the Single Audit Finding and a response is included in the Corrective Action Plan.
FINDING 2023-003: LATE REFUND FEDERAL AGENCY: U.S. DEPARTMENT OF EDUCATION PROGRAM NAME: FEDERAL DIRECT LOAN PROGRAM ALN: 84.268 FEDERAL AWARD YEAR: 2022-2023 Compliance Requirement: Special Tests and Provisions (N.) - Return of Title IV Funds Criteria: The Department of Education requires that all refunds be made within 45 days of a student’s withdrawal (34 CFR 668.22, 685.306). Condition: We tested thirteen drop students in our sample and noted one late refund. We consider this finding to be an instance of non-compliance and is a repeat finding shown in Section IV of this report as prior year Finding 2022-003. Cause: The condition was caused by an oversight in the financial aid department. Effect: The result is the Institution retained funds which should have been returned to the Department of Education. Question Costs: $1,478 Statistical sampling was not used when making sample selections. Recommendation: We recommend the Institution increase controls over refunds. Views of Responsible Officials: The Institution agrees with the Single Audit Finding and a response is included in the Corrective Action Plan.
FINDING 2023-004: INCORRECT REFUND CALCULATIONS FEDERAL AGENCY: U.S. DEPARTMENT OF EDUCATION PROGRAM NAME: FEDERAL DIRECT LOAN PROGRAM ALN: 84.268 FEDERAL AWARD YEAR: 2022-2023 Compliance Requirement: Special Tests and Provisions (N.) - Return of Title IV Funds Criteria: An institution must use the Return to Title IV refund calculation (34 CFR 668.22). Condition: We tested thirteen drop students and found two incorrect refund calculations. We consider this finding to be a significant deficiency and is a repeat finding shown in Section IV of this report as prior year Finding 2022-002. Cause: The condition was caused by using incorrect amounts in Step 1 of the Return to Title IV refund calculation for one student and by using incorrect charges in Step 5 of the Return to Title IV refund calculation for the other student. Effect: The result is the Institution refunded incorrect amounts to the Department of Education. Question Costs: $352 Statistical sampling was not used when making sample selections. Recommendation: We recommend the Institution refund $352 to the Department of Education and increase controls over refunds. There is no liablity for the remaining $362, as this was due to overrefunding loans. Views of Responsible Officials: The Institution agrees with the Single Audit Finding and a response is included in the Corrective Action Plan.
FINDING 2023-005: INACCURATE ENROLLMENT STATUS REPORTING FEDERAL AGENCY: U.S. DEPARTMENT OF EDUCATION PROGRAM NAME: FEDERAL DIRECT LOAN PROGRAM ALN: 84.268 FEDERAL AWARD YEAR: 2022-2023 Compliance Requirement: Reporting (L.) Criteria: Institutions are required to provide enrollment update responses to the Enrollment Reporting Roster File within fifteen days of receipt (34 CFR 685.309). Condition: We tested thirty-seven files and enrollment status effective dates were either incorrectly reported or not reported to the National Student Loan Data System (NSLDS) for ten students. We consider this finding to be a material weakness. Cause: The condition was caused by a breakdown in controls over enrollment reporting. Effect: The result is the students’ enrollment dates were reported to NSLDS inaccurately or were missing. Question Costs: $0 Statistical sampling was not used when making sample selections. Recommendation: We recommend the Institution update the effective dates in NSLDS and increase controls over enrollment reporting. Views of Responsible Officials: The Institution agrees with the Single Audit Finding and a response is included in the Corrective Action Plan.