Audit 296558

Federal Agency: Department of Education Federal Program Title: Student Financial Assistance Cluster Federal Assistance Listing Number: Various Federal Award Identification Number and Year: N/A Pass-Through Agency: N/A Pass-Through Number: N/A Award Period: June 1, 2022 – May 31, 2023 Type of Finding: • Material Weakness in Internal Control over Compliance • Other Matters Criteria or Specific Requirement: Per the Uniform Guidance regulations, entities that expend more than $750,000 of federal funds must submit an audit within nine months of the entities year end. Condition: Due to turnover in the business office, the audit was submitted late. Questioned Costs: None Context: Approximately halfway through the fiscal year, the College hired a new controller. Unfortunately, that controller did have the skills needed to be able to accurately assemble a complete set of financial statements. Two weeks before the deadline, the controller terminated employment with the College. At that time, it was determined that additional work needed to be completed to accurately present the financial statements and additional time was needed to ensure that the financial statements were accurate. Cause: Due to the limited resources of the business office and the lack of qualified candidates in the marketplace, the College was forced to accept a lessor qualified candidate whose employment was ultimately terminated. Effect: The Uniform Guidance reports were submitted late. Repeat Finding: No Auditor’s Recommendation: We recommend that the College immediately start the search process for a replacement controller and potentially look into outsourcing that position if necessary. Views of Responsible Officials and Planned Corrective Actions: There is no disagreement with the audit finding.

Federal Agency: Department of Education Federal Program Title: Student Financial Assistance Cluster Federal Assistance Listing Number: Various Federal Award Identification Number and Year: N/A Pass-Through Agency: N/A Pass-Through Number: N/A Award Period: June 1, 2022 – May 31, 2023 Type of Finding: • Material Weakness in Internal Control over Compliance • Other Matters Criteria or Specific Requirement: Per the Uniform Guidance regulations, entities that expend more than $750,000 of federal funds must submit an audit within nine months of the entities year end. Condition: Due to turnover in the business office, the audit was submitted late. Questioned Costs: None Context: Approximately halfway through the fiscal year, the College hired a new controller. Unfortunately, that controller did have the skills needed to be able to accurately assemble a complete set of financial statements. Two weeks before the deadline, the controller terminated employment with the College. At that time, it was determined that additional work needed to be completed to accurately present the financial statements and additional time was needed to ensure that the financial statements were accurate. Cause: Due to the limited resources of the business office and the lack of qualified candidates in the marketplace, the College was forced to accept a lessor qualified candidate whose employment was ultimately terminated. Effect: The Uniform Guidance reports were submitted late. Repeat Finding: No Auditor’s Recommendation: We recommend that the College immediately start the search process for a replacement controller and potentially look into outsourcing that position if necessary. Views of Responsible Officials and Planned Corrective Actions: There is no disagreement with the audit finding.

Federal Agency: Department of Education Federal Program Title: Student Financial Assistance Cluster Federal Assistance Listing Number: Various Federal Award Identification Number and Year: N/A Pass-Through Agency: N/A Pass-Through Number: N/A Award Period: June 1, 2022 – May 31, 2023 Type of Finding: • Material Weakness in Internal Control over Compliance • Other Matters Criteria or Specific Requirement: Per the Uniform Guidance regulations, entities that expend more than $750,000 of federal funds must submit an audit within nine months of the entities year end. Condition: Due to turnover in the business office, the audit was submitted late. Questioned Costs: None Context: Approximately halfway through the fiscal year, the College hired a new controller. Unfortunately, that controller did have the skills needed to be able to accurately assemble a complete set of financial statements. Two weeks before the deadline, the controller terminated employment with the College. At that time, it was determined that additional work needed to be completed to accurately present the financial statements and additional time was needed to ensure that the financial statements were accurate. Cause: Due to the limited resources of the business office and the lack of qualified candidates in the marketplace, the College was forced to accept a lessor qualified candidate whose employment was ultimately terminated. Effect: The Uniform Guidance reports were submitted late. Repeat Finding: No Auditor’s Recommendation: We recommend that the College immediately start the search process for a replacement controller and potentially look into outsourcing that position if necessary. Views of Responsible Officials and Planned Corrective Actions: There is no disagreement with the audit finding.

Federal Agency: Department of Education Federal Program Title: Student Financial Assistance Cluster Federal Assistance Listing Number: Various Federal Award Identification Number and Year: N/A Pass-Through Agency: N/A Pass-Through Number: N/A Award Period: June 1, 2022 – May 31, 2023 Type of Finding: • Material Weakness in Internal Control over Compliance • Other Matters Criteria or Specific Requirement: Per the Uniform Guidance regulations, entities that expend more than $750,000 of federal funds must submit an audit within nine months of the entities year end. Condition: Due to turnover in the business office, the audit was submitted late. Questioned Costs: None Context: Approximately halfway through the fiscal year, the College hired a new controller. Unfortunately, that controller did have the skills needed to be able to accurately assemble a complete set of financial statements. Two weeks before the deadline, the controller terminated employment with the College. At that time, it was determined that additional work needed to be completed to accurately present the financial statements and additional time was needed to ensure that the financial statements were accurate. Cause: Due to the limited resources of the business office and the lack of qualified candidates in the marketplace, the College was forced to accept a lessor qualified candidate whose employment was ultimately terminated. Effect: The Uniform Guidance reports were submitted late. Repeat Finding: No Auditor’s Recommendation: We recommend that the College immediately start the search process for a replacement controller and potentially look into outsourcing that position if necessary. Views of Responsible Officials and Planned Corrective Actions: There is no disagreement with the audit finding.

Federal Agency: Department of Education Federal Program Title: Student Financial Assistance Cluster Federal Assistance Listing Number: Various Federal Award Identification Number and Year: N/A Pass-Through Agency: N/A Pass-Through Number: N/A Award Period: June 1, 2022 – May 31, 2023 Type of Finding: • Material Weakness in Internal Control over Compliance • Other Matters Criteria or Specific Requirement: Per the Uniform Guidance regulations, entities that expend more than $750,000 of federal funds must submit an audit within nine months of the entities year end. Condition: Due to turnover in the business office, the audit was submitted late. Questioned Costs: None Context: Approximately halfway through the fiscal year, the College hired a new controller. Unfortunately, that controller did have the skills needed to be able to accurately assemble a complete set of financial statements. Two weeks before the deadline, the controller terminated employment with the College. At that time, it was determined that additional work needed to be completed to accurately present the financial statements and additional time was needed to ensure that the financial statements were accurate. Cause: Due to the limited resources of the business office and the lack of qualified candidates in the marketplace, the College was forced to accept a lessor qualified candidate whose employment was ultimately terminated. Effect: The Uniform Guidance reports were submitted late. Repeat Finding: No Auditor’s Recommendation: We recommend that the College immediately start the search process for a replacement controller and potentially look into outsourcing that position if necessary. Views of Responsible Officials and Planned Corrective Actions: There is no disagreement with the audit finding.

Federal Agency: Department of Education Federal Program Title: Student Financial Assistance Cluster Federal Assistance Listing Number: Various Federal Award Identification Number and Year: N/A Pass-Through Agency: N/A Pass-Through Number: N/A Award Period: June 1, 2022 – May 31, 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(h)(2) states that an institution that attempts to disburse funds by check and the check is not cashed, the institution must return the funds to the Secretary no later than 240 days after the date it issued that check. Condition: Three checks totaling $11,567 related to student refunds of Title IV federal financial aid were outstanding more than 240 days as of May 31, 2023. Questioned Costs: $11,567 Context: During our testing, it was noted the College does not have a process in place to ensure timeliness and accuracy of checks refunded to ED after 240 days outstanding. Cause: The College did not have a process in place to ensure all outstanding checks over 240 days was properly returned to the ED. Effect: The College is not in compliance with Department of Education requirements that all student refund checks that are outstanding for more than 240 days be returned to the Department. Repeat Finding: No Auditor’s Recommendation: We recommend that the College review its procedures related to outstanding student refund checks to ensure they are being returned to the Department of Education after 240 days. Views of Responsible Officials and Planned Corrective Actions: There is no disagreement with the audit finding.

Federal Agency: Department of Education Federal Program Title: Student Financial Assistance Cluster Federal Assistance Listing Number: Various Federal Award Identification Number and Year: N/A Pass-Through Agency: N/A Pass-Through Number: N/A Award Period: June 1, 2022 – May 31, 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(h)(2) states that an institution that attempts to disburse funds by check and the check is not cashed, the institution must return the funds to the Secretary no later than 240 days after the date it issued that check. Condition: Three checks totaling $11,567 related to student refunds of Title IV federal financial aid were outstanding more than 240 days as of May 31, 2023. Questioned Costs: $11,567 Context: During our testing, it was noted the College does not have a process in place to ensure timeliness and accuracy of checks refunded to ED after 240 days outstanding. Cause: The College did not have a process in place to ensure all outstanding checks over 240 days was properly returned to the ED. Effect: The College is not in compliance with Department of Education requirements that all student refund checks that are outstanding for more than 240 days be returned to the Department. Repeat Finding: No Auditor’s Recommendation: We recommend that the College review its procedures related to outstanding student refund checks to ensure they are being returned to the Department of Education after 240 days. Views of Responsible Officials and Planned Corrective Actions: There is no disagreement with the audit finding.

Federal Agency: Department of Education Federal Program Title: Student Financial Assistance Cluster Federal Assistance Listing Number: Various Federal Award Identification Number and Year: N/A Pass-Through Agency: N/A Pass-Through Number: N/A Award Period: June 1, 2022 – May 31, 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(h)(2) states that an institution that attempts to disburse funds by check and the check is not cashed, the institution must return the funds to the Secretary no later than 240 days after the date it issued that check. Condition: Three checks totaling $11,567 related to student refunds of Title IV federal financial aid were outstanding more than 240 days as of May 31, 2023. Questioned Costs: $11,567 Context: During our testing, it was noted the College does not have a process in place to ensure timeliness and accuracy of checks refunded to ED after 240 days outstanding. Cause: The College did not have a process in place to ensure all outstanding checks over 240 days was properly returned to the ED. Effect: The College is not in compliance with Department of Education requirements that all student refund checks that are outstanding for more than 240 days be returned to the Department. Repeat Finding: No Auditor’s Recommendation: We recommend that the College review its procedures related to outstanding student refund checks to ensure they are being returned to the Department of Education after 240 days. Views of Responsible Officials and Planned Corrective Actions: There is no disagreement with the audit finding.

Federal Agency: Department of Education Federal Program Title: Student Financial Assistance Cluster Federal Assistance Listing Number: Various Federal Award Identification Number and Year: N/A Pass-Through Agency: N/A Pass-Through Number: N/A Award Period: June 1, 2022 – May 31, 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(h)(2) states that an institution that attempts to disburse funds by check and the check is not cashed, the institution must return the funds to the Secretary no later than 240 days after the date it issued that check. Condition: Three checks totaling $11,567 related to student refunds of Title IV federal financial aid were outstanding more than 240 days as of May 31, 2023. Questioned Costs: $11,567 Context: During our testing, it was noted the College does not have a process in place to ensure timeliness and accuracy of checks refunded to ED after 240 days outstanding. Cause: The College did not have a process in place to ensure all outstanding checks over 240 days was properly returned to the ED. Effect: The College is not in compliance with Department of Education requirements that all student refund checks that are outstanding for more than 240 days be returned to the Department. Repeat Finding: No Auditor’s Recommendation: We recommend that the College review its procedures related to outstanding student refund checks to ensure they are being returned to the Department of Education after 240 days. Views of Responsible Officials and Planned Corrective Actions: There is no disagreement with the audit finding.

Federal Agency: Department of Education Federal Program Title: Student Financial Assistance Cluster Federal Assistance Listing Number: Various Federal Award Identification Number and Year: N/A Pass-Through Agency: N/A Pass-Through Number: N/A Award Period: June 1, 2022 – May 31, 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(h)(2) states that an institution that attempts to disburse funds by check and the check is not cashed, the institution must return the funds to the Secretary no later than 240 days after the date it issued that check. Condition: Three checks totaling $11,567 related to student refunds of Title IV federal financial aid were outstanding more than 240 days as of May 31, 2023. Questioned Costs: $11,567 Context: During our testing, it was noted the College does not have a process in place to ensure timeliness and accuracy of checks refunded to ED after 240 days outstanding. Cause: The College did not have a process in place to ensure all outstanding checks over 240 days was properly returned to the ED. Effect: The College is not in compliance with Department of Education requirements that all student refund checks that are outstanding for more than 240 days be returned to the Department. Repeat Finding: No Auditor’s Recommendation: We recommend that the College review its procedures related to outstanding student refund checks to ensure they are being returned to the Department of Education after 240 days. Views of Responsible Officials and Planned Corrective Actions: There is no disagreement with the audit finding.

Federal Agency: Department of Education Federal Program Title: Student Financial Assistance Cluster Federal Assistance Listing Number: Various Federal Award Identification Number and Year: N/A Pass-Through Agency: N/A Pass-Through Number: N/A Award Period: June 1, 2022 – May 31, 2023 Type of Finding: • Material Weakness in Internal Control over Compliance • Other Matters Criteria or Specific Requirement: Per the Uniform Guidance regulations, entities that expend more than $750,000 of federal funds must submit an audit within nine months of the entities year end. Condition: Due to turnover in the business office, the audit was submitted late. Questioned Costs: None Context: Approximately halfway through the fiscal year, the College hired a new controller. Unfortunately, that controller did have the skills needed to be able to accurately assemble a complete set of financial statements. Two weeks before the deadline, the controller terminated employment with the College. At that time, it was determined that additional work needed to be completed to accurately present the financial statements and additional time was needed to ensure that the financial statements were accurate. Cause: Due to the limited resources of the business office and the lack of qualified candidates in the marketplace, the College was forced to accept a lessor qualified candidate whose employment was ultimately terminated. Effect: The Uniform Guidance reports were submitted late. Repeat Finding: No Auditor’s Recommendation: We recommend that the College immediately start the search process for a replacement controller and potentially look into outsourcing that position if necessary. Views of Responsible Officials and Planned Corrective Actions: There is no disagreement with the audit finding.

Federal Agency: Department of Education Federal Program Title: Student Financial Assistance Cluster Federal Assistance Listing Number: Various Federal Award Identification Number and Year: N/A Pass-Through Agency: N/A Pass-Through Number: N/A Award Period: June 1, 2022 – May 31, 2023 Type of Finding: • Material Weakness in Internal Control over Compliance • Other Matters Criteria or Specific Requirement: Per the Uniform Guidance regulations, entities that expend more than $750,000 of federal funds must submit an audit within nine months of the entities year end. Condition: Due to turnover in the business office, the audit was submitted late. Questioned Costs: None Context: Approximately halfway through the fiscal year, the College hired a new controller. Unfortunately, that controller did have the skills needed to be able to accurately assemble a complete set of financial statements. Two weeks before the deadline, the controller terminated employment with the College. At that time, it was determined that additional work needed to be completed to accurately present the financial statements and additional time was needed to ensure that the financial statements were accurate. Cause: Due to the limited resources of the business office and the lack of qualified candidates in the marketplace, the College was forced to accept a lessor qualified candidate whose employment was ultimately terminated. Effect: The Uniform Guidance reports were submitted late. Repeat Finding: No Auditor’s Recommendation: We recommend that the College immediately start the search process for a replacement controller and potentially look into outsourcing that position if necessary. Views of Responsible Officials and Planned Corrective Actions: There is no disagreement with the audit finding.

Federal Agency: Department of Education Federal Program Title: Student Financial Assistance Cluster Federal Assistance Listing Number: Various Federal Award Identification Number and Year: N/A Pass-Through Agency: N/A Pass-Through Number: N/A Award Period: June 1, 2022 – May 31, 2023 Type of Finding: • Material Weakness in Internal Control over Compliance • Other Matters Criteria or Specific Requirement: Per the Uniform Guidance regulations, entities that expend more than $750,000 of federal funds must submit an audit within nine months of the entities year end. Condition: Due to turnover in the business office, the audit was submitted late. Questioned Costs: None Context: Approximately halfway through the fiscal year, the College hired a new controller. Unfortunately, that controller did have the skills needed to be able to accurately assemble a complete set of financial statements. Two weeks before the deadline, the controller terminated employment with the College. At that time, it was determined that additional work needed to be completed to accurately present the financial statements and additional time was needed to ensure that the financial statements were accurate. Cause: Due to the limited resources of the business office and the lack of qualified candidates in the marketplace, the College was forced to accept a lessor qualified candidate whose employment was ultimately terminated. Effect: The Uniform Guidance reports were submitted late. Repeat Finding: No Auditor’s Recommendation: We recommend that the College immediately start the search process for a replacement controller and potentially look into outsourcing that position if necessary. Views of Responsible Officials and Planned Corrective Actions: There is no disagreement with the audit finding.

Federal Agency: Department of Education Federal Program Title: Student Financial Assistance Cluster Federal Assistance Listing Number: Various Federal Award Identification Number and Year: N/A Pass-Through Agency: N/A Pass-Through Number: N/A Award Period: June 1, 2022 – May 31, 2023 Type of Finding: • Material Weakness in Internal Control over Compliance • Other Matters Criteria or Specific Requirement: Per the Uniform Guidance regulations, entities that expend more than $750,000 of federal funds must submit an audit within nine months of the entities year end. Condition: Due to turnover in the business office, the audit was submitted late. Questioned Costs: None Context: Approximately halfway through the fiscal year, the College hired a new controller. Unfortunately, that controller did have the skills needed to be able to accurately assemble a complete set of financial statements. Two weeks before the deadline, the controller terminated employment with the College. At that time, it was determined that additional work needed to be completed to accurately present the financial statements and additional time was needed to ensure that the financial statements were accurate. Cause: Due to the limited resources of the business office and the lack of qualified candidates in the marketplace, the College was forced to accept a lessor qualified candidate whose employment was ultimately terminated. Effect: The Uniform Guidance reports were submitted late. Repeat Finding: No Auditor’s Recommendation: We recommend that the College immediately start the search process for a replacement controller and potentially look into outsourcing that position if necessary. Views of Responsible Officials and Planned Corrective Actions: There is no disagreement with the audit finding.

Federal Agency: Department of Education Federal Program Title: Student Financial Assistance Cluster Federal Assistance Listing Number: Various Federal Award Identification Number and Year: N/A Pass-Through Agency: N/A Pass-Through Number: N/A Award Period: June 1, 2022 – May 31, 2023 Type of Finding: • Material Weakness in Internal Control over Compliance • Other Matters Criteria or Specific Requirement: Per the Uniform Guidance regulations, entities that expend more than $750,000 of federal funds must submit an audit within nine months of the entities year end. Condition: Due to turnover in the business office, the audit was submitted late. Questioned Costs: None Context: Approximately halfway through the fiscal year, the College hired a new controller. Unfortunately, that controller did have the skills needed to be able to accurately assemble a complete set of financial statements. Two weeks before the deadline, the controller terminated employment with the College. At that time, it was determined that additional work needed to be completed to accurately present the financial statements and additional time was needed to ensure that the financial statements were accurate. Cause: Due to the limited resources of the business office and the lack of qualified candidates in the marketplace, the College was forced to accept a lessor qualified candidate whose employment was ultimately terminated. Effect: The Uniform Guidance reports were submitted late. Repeat Finding: No Auditor’s Recommendation: We recommend that the College immediately start the search process for a replacement controller and potentially look into outsourcing that position if necessary. Views of Responsible Officials and Planned Corrective Actions: There is no disagreement with the audit finding.

Federal Agency: Department of Education Federal Program Title: Student Financial Assistance Cluster Federal Assistance Listing Number: Various Federal Award Identification Number and Year: N/A Pass-Through Agency: N/A Pass-Through Number: N/A Award Period: June 1, 2022 – May 31, 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(h)(2) states that an institution that attempts to disburse funds by check and the check is not cashed, the institution must return the funds to the Secretary no later than 240 days after the date it issued that check. Condition: Three checks totaling $11,567 related to student refunds of Title IV federal financial aid were outstanding more than 240 days as of May 31, 2023. Questioned Costs: $11,567 Context: During our testing, it was noted the College does not have a process in place to ensure timeliness and accuracy of checks refunded to ED after 240 days outstanding. Cause: The College did not have a process in place to ensure all outstanding checks over 240 days was properly returned to the ED. Effect: The College is not in compliance with Department of Education requirements that all student refund checks that are outstanding for more than 240 days be returned to the Department. Repeat Finding: No Auditor’s Recommendation: We recommend that the College review its procedures related to outstanding student refund checks to ensure they are being returned to the Department of Education after 240 days. Views of Responsible Officials and Planned Corrective Actions: There is no disagreement with the audit finding.

Federal Agency: Department of Education Federal Program Title: Student Financial Assistance Cluster Federal Assistance Listing Number: Various Federal Award Identification Number and Year: N/A Pass-Through Agency: N/A Pass-Through Number: N/A Award Period: June 1, 2022 – May 31, 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(h)(2) states that an institution that attempts to disburse funds by check and the check is not cashed, the institution must return the funds to the Secretary no later than 240 days after the date it issued that check. Condition: Three checks totaling $11,567 related to student refunds of Title IV federal financial aid were outstanding more than 240 days as of May 31, 2023. Questioned Costs: $11,567 Context: During our testing, it was noted the College does not have a process in place to ensure timeliness and accuracy of checks refunded to ED after 240 days outstanding. Cause: The College did not have a process in place to ensure all outstanding checks over 240 days was properly returned to the ED. Effect: The College is not in compliance with Department of Education requirements that all student refund checks that are outstanding for more than 240 days be returned to the Department. Repeat Finding: No Auditor’s Recommendation: We recommend that the College review its procedures related to outstanding student refund checks to ensure they are being returned to the Department of Education after 240 days. Views of Responsible Officials and Planned Corrective Actions: There is no disagreement with the audit finding.

Federal Agency: Department of Education Federal Program Title: Student Financial Assistance Cluster Federal Assistance Listing Number: Various Federal Award Identification Number and Year: N/A Pass-Through Agency: N/A Pass-Through Number: N/A Award Period: June 1, 2022 – May 31, 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(h)(2) states that an institution that attempts to disburse funds by check and the check is not cashed, the institution must return the funds to the Secretary no later than 240 days after the date it issued that check. Condition: Three checks totaling $11,567 related to student refunds of Title IV federal financial aid were outstanding more than 240 days as of May 31, 2023. Questioned Costs: $11,567 Context: During our testing, it was noted the College does not have a process in place to ensure timeliness and accuracy of checks refunded to ED after 240 days outstanding. Cause: The College did not have a process in place to ensure all outstanding checks over 240 days was properly returned to the ED. Effect: The College is not in compliance with Department of Education requirements that all student refund checks that are outstanding for more than 240 days be returned to the Department. Repeat Finding: No Auditor’s Recommendation: We recommend that the College review its procedures related to outstanding student refund checks to ensure they are being returned to the Department of Education after 240 days. Views of Responsible Officials and Planned Corrective Actions: There is no disagreement with the audit finding.

Federal Agency: Department of Education Federal Program Title: Student Financial Assistance Cluster Federal Assistance Listing Number: Various Federal Award Identification Number and Year: N/A Pass-Through Agency: N/A Pass-Through Number: N/A Award Period: June 1, 2022 – May 31, 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(h)(2) states that an institution that attempts to disburse funds by check and the check is not cashed, the institution must return the funds to the Secretary no later than 240 days after the date it issued that check. Condition: Three checks totaling $11,567 related to student refunds of Title IV federal financial aid were outstanding more than 240 days as of May 31, 2023. Questioned Costs: $11,567 Context: During our testing, it was noted the College does not have a process in place to ensure timeliness and accuracy of checks refunded to ED after 240 days outstanding. Cause: The College did not have a process in place to ensure all outstanding checks over 240 days was properly returned to the ED. Effect: The College is not in compliance with Department of Education requirements that all student refund checks that are outstanding for more than 240 days be returned to the Department. Repeat Finding: No Auditor’s Recommendation: We recommend that the College review its procedures related to outstanding student refund checks to ensure they are being returned to the Department of Education after 240 days. Views of Responsible Officials and Planned Corrective Actions: There is no disagreement with the audit finding.

Federal Agency: Department of Education Federal Program Title: Student Financial Assistance Cluster Federal Assistance Listing Number: Various Federal Award Identification Number and Year: N/A Pass-Through Agency: N/A Pass-Through Number: N/A Award Period: June 1, 2022 – May 31, 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(h)(2) states that an institution that attempts to disburse funds by check and the check is not cashed, the institution must return the funds to the Secretary no later than 240 days after the date it issued that check. Condition: Three checks totaling $11,567 related to student refunds of Title IV federal financial aid were outstanding more than 240 days as of May 31, 2023. Questioned Costs: $11,567 Context: During our testing, it was noted the College does not have a process in place to ensure timeliness and accuracy of checks refunded to ED after 240 days outstanding. Cause: The College did not have a process in place to ensure all outstanding checks over 240 days was properly returned to the ED. Effect: The College is not in compliance with Department of Education requirements that all student refund checks that are outstanding for more than 240 days be returned to the Department. Repeat Finding: No Auditor’s Recommendation: We recommend that the College review its procedures related to outstanding student refund checks to ensure they are being returned to the Department of Education after 240 days. Views of Responsible Officials and Planned Corrective Actions: There is no disagreement with the audit finding.