Audit 296794

FY End
2022-06-30
Total Expended
$11.25M
Findings
20
Programs
15
Organization: Denmark Technical College (SC)
Year: 2022 Accepted: 2024-03-22

Organization Exclusion Status:

Checking exclusion status...

Findings

ID Ref Severity Repeat Requirement
383756 2022-001 Material Weakness Yes N
383757 2022-001 Material Weakness Yes N
383758 2022-001 Material Weakness Yes N
383759 2022-001 Material Weakness Yes N
383760 2022-001 Material Weakness Yes N
383761 2022-002 Material Weakness - E
383762 2022-002 Material Weakness - E
383763 2022-002 Material Weakness - E
383764 2022-002 Material Weakness - E
383765 2022-002 Material Weakness - E
960198 2022-001 Material Weakness Yes N
960199 2022-001 Material Weakness Yes N
960200 2022-001 Material Weakness Yes N
960201 2022-001 Material Weakness Yes N
960202 2022-001 Material Weakness Yes N
960203 2022-002 Material Weakness - E
960204 2022-002 Material Weakness - E
960205 2022-002 Material Weakness - E
960206 2022-002 Material Weakness - E
960207 2022-002 Material Weakness - E

Contacts

Name Title Type
EPVLQJFK1U63 Rashad Rogers Auditee
8037807045 Brian Nicholson Auditor
No contacts on file

Notes to SEFA

Title: NOTE 1. SIGNIFICANT ACCOUNTING POLICIES Accounting Policies: The Schedule of Expenditures of Federal Awards includes the federal grant activity of Denmark Technical College (the “College”) and is prepared on the accrual basis of accounting. De Minimis Rate Used: N Rate Explanation: The College did not receive indirect cost in Fiscal Year 2022 Basis of Presentation: The Schedule of Expenditures of Federal Awards includes the federal grant activity of Denmark Technical College (the “College”) and is prepared on the accrual basis of accounting. - Program Type Determination: Type A programs are defined as federal programs with federal expenditures exceeding $750,000. The threshold of $750,000 was used in distinguishing between Type A and Type B programs. - Method of Major Program Selection: The risk-based approach was used in the selection of federal programs to be tested as major programs. The College did not qualify as a low-risk auditee for the fiscal year ended June 30, 2022.
Title: NOTE 2. DE MINIMIS INDIRECT COST RATE Accounting Policies: The Schedule of Expenditures of Federal Awards includes the federal grant activity of Denmark Technical College (the “College”) and is prepared on the accrual basis of accounting. De Minimis Rate Used: N Rate Explanation: The College did not receive indirect cost in Fiscal Year 2022 The College chose not to use the ten percent de Minimis indirect cost rate for the year ended June 30, 2022.

Finding Details

Criteria: Title IV requires institutions to return Title IV funds into the student financial aid account or electronic fund transfers initiated to Department of Education as soon as possible, but no later than 45 days after the date the institution determines the student withdrew. Condition: In 5 out of 11 instances for the year ended June 30, 2022, the College failed to return the Title IV funds within the required timeframe. Context: We addressed the matter with College management who are aware of the requirements to return Title IV funds into the student financial aid account or electronic fund transfers initiated to Department of Education as soon as possible, but no later than 45 days after the date the institution determines that the student withdrew. Effect: Failure to properly review and adhere to policies and procedures can lead to noncompliance and the misappropriation of federal funds that are not detected during the normal course of business. Cause: Management oversight. Recommendation: We recommend the College review and update its policies and procedures to ensure all student Title IV calculations are reviewed timely to ensure funds are returned in a timely manner.
Criteria: Title IV requires institutions to return Title IV funds into the student financial aid account or electronic fund transfers initiated to Department of Education as soon as possible, but no later than 45 days after the date the institution determines the student withdrew. Condition: In 5 out of 11 instances for the year ended June 30, 2022, the College failed to return the Title IV funds within the required timeframe. Context: We addressed the matter with College management who are aware of the requirements to return Title IV funds into the student financial aid account or electronic fund transfers initiated to Department of Education as soon as possible, but no later than 45 days after the date the institution determines that the student withdrew. Effect: Failure to properly review and adhere to policies and procedures can lead to noncompliance and the misappropriation of federal funds that are not detected during the normal course of business. Cause: Management oversight. Recommendation: We recommend the College review and update its policies and procedures to ensure all student Title IV calculations are reviewed timely to ensure funds are returned in a timely manner.
Criteria: Title IV requires institutions to return Title IV funds into the student financial aid account or electronic fund transfers initiated to Department of Education as soon as possible, but no later than 45 days after the date the institution determines the student withdrew. Condition: In 5 out of 11 instances for the year ended June 30, 2022, the College failed to return the Title IV funds within the required timeframe. Context: We addressed the matter with College management who are aware of the requirements to return Title IV funds into the student financial aid account or electronic fund transfers initiated to Department of Education as soon as possible, but no later than 45 days after the date the institution determines that the student withdrew. Effect: Failure to properly review and adhere to policies and procedures can lead to noncompliance and the misappropriation of federal funds that are not detected during the normal course of business. Cause: Management oversight. Recommendation: We recommend the College review and update its policies and procedures to ensure all student Title IV calculations are reviewed timely to ensure funds are returned in a timely manner.
Criteria: Title IV requires institutions to return Title IV funds into the student financial aid account or electronic fund transfers initiated to Department of Education as soon as possible, but no later than 45 days after the date the institution determines the student withdrew. Condition: In 5 out of 11 instances for the year ended June 30, 2022, the College failed to return the Title IV funds within the required timeframe. Context: We addressed the matter with College management who are aware of the requirements to return Title IV funds into the student financial aid account or electronic fund transfers initiated to Department of Education as soon as possible, but no later than 45 days after the date the institution determines that the student withdrew. Effect: Failure to properly review and adhere to policies and procedures can lead to noncompliance and the misappropriation of federal funds that are not detected during the normal course of business. Cause: Management oversight. Recommendation: We recommend the College review and update its policies and procedures to ensure all student Title IV calculations are reviewed timely to ensure funds are returned in a timely manner.
Criteria: Title IV requires institutions to return Title IV funds into the student financial aid account or electronic fund transfers initiated to Department of Education as soon as possible, but no later than 45 days after the date the institution determines the student withdrew. Condition: In 5 out of 11 instances for the year ended June 30, 2022, the College failed to return the Title IV funds within the required timeframe. Context: We addressed the matter with College management who are aware of the requirements to return Title IV funds into the student financial aid account or electronic fund transfers initiated to Department of Education as soon as possible, but no later than 45 days after the date the institution determines that the student withdrew. Effect: Failure to properly review and adhere to policies and procedures can lead to noncompliance and the misappropriation of federal funds that are not detected during the normal course of business. Cause: Management oversight. Recommendation: We recommend the College review and update its policies and procedures to ensure all student Title IV calculations are reviewed timely to ensure funds are returned in a timely manner.
Criteria: Title IV requires institutions to award the maximum allowable amount of PELL Grant based on the individual’s enrollment status, cost of attendance and expected family contribution. Condition: In 2 out of 40 instances for the year ended June 30, 2022, the College failed to award the maximum amount of Pell Grant that each student was deemed eligible to receive. Context: We addressed the matter with College management who are aware of the requirements to award the maximum allowable amount of PELL Grant based on the individual’s enrollment status, cost of attendance and expected family contribution. Effect: Failure to properly review and calculate PELL Grants could result in noncompliance and misappropriation of federal funds that are not detected during the normal course of business. Cause: Management oversight. Recommendation: We recommend the College review and update its policies and procedures to ensure all students are awarded the maximum allowable amount of PELL Grant based on the individual’s enrollment status, cost of attendance and expected family contribution.
Criteria: Title IV requires institutions to award the maximum allowable amount of PELL Grant based on the individual’s enrollment status, cost of attendance and expected family contribution. Condition: In 2 out of 40 instances for the year ended June 30, 2022, the College failed to award the maximum amount of Pell Grant that each student was deemed eligible to receive. Context: We addressed the matter with College management who are aware of the requirements to award the maximum allowable amount of PELL Grant based on the individual’s enrollment status, cost of attendance and expected family contribution. Effect: Failure to properly review and calculate PELL Grants could result in noncompliance and misappropriation of federal funds that are not detected during the normal course of business. Cause: Management oversight. Recommendation: We recommend the College review and update its policies and procedures to ensure all students are awarded the maximum allowable amount of PELL Grant based on the individual’s enrollment status, cost of attendance and expected family contribution.
Criteria: Title IV requires institutions to award the maximum allowable amount of PELL Grant based on the individual’s enrollment status, cost of attendance and expected family contribution. Condition: In 2 out of 40 instances for the year ended June 30, 2022, the College failed to award the maximum amount of Pell Grant that each student was deemed eligible to receive. Context: We addressed the matter with College management who are aware of the requirements to award the maximum allowable amount of PELL Grant based on the individual’s enrollment status, cost of attendance and expected family contribution. Effect: Failure to properly review and calculate PELL Grants could result in noncompliance and misappropriation of federal funds that are not detected during the normal course of business. Cause: Management oversight. Recommendation: We recommend the College review and update its policies and procedures to ensure all students are awarded the maximum allowable amount of PELL Grant based on the individual’s enrollment status, cost of attendance and expected family contribution.
Criteria: Title IV requires institutions to award the maximum allowable amount of PELL Grant based on the individual’s enrollment status, cost of attendance and expected family contribution. Condition: In 2 out of 40 instances for the year ended June 30, 2022, the College failed to award the maximum amount of Pell Grant that each student was deemed eligible to receive. Context: We addressed the matter with College management who are aware of the requirements to award the maximum allowable amount of PELL Grant based on the individual’s enrollment status, cost of attendance and expected family contribution. Effect: Failure to properly review and calculate PELL Grants could result in noncompliance and misappropriation of federal funds that are not detected during the normal course of business. Cause: Management oversight. Recommendation: We recommend the College review and update its policies and procedures to ensure all students are awarded the maximum allowable amount of PELL Grant based on the individual’s enrollment status, cost of attendance and expected family contribution.
Criteria: Title IV requires institutions to award the maximum allowable amount of PELL Grant based on the individual’s enrollment status, cost of attendance and expected family contribution. Condition: In 2 out of 40 instances for the year ended June 30, 2022, the College failed to award the maximum amount of Pell Grant that each student was deemed eligible to receive. Context: We addressed the matter with College management who are aware of the requirements to award the maximum allowable amount of PELL Grant based on the individual’s enrollment status, cost of attendance and expected family contribution. Effect: Failure to properly review and calculate PELL Grants could result in noncompliance and misappropriation of federal funds that are not detected during the normal course of business. Cause: Management oversight. Recommendation: We recommend the College review and update its policies and procedures to ensure all students are awarded the maximum allowable amount of PELL Grant based on the individual’s enrollment status, cost of attendance and expected family contribution.
Criteria: Title IV requires institutions to return Title IV funds into the student financial aid account or electronic fund transfers initiated to Department of Education as soon as possible, but no later than 45 days after the date the institution determines the student withdrew. Condition: In 5 out of 11 instances for the year ended June 30, 2022, the College failed to return the Title IV funds within the required timeframe. Context: We addressed the matter with College management who are aware of the requirements to return Title IV funds into the student financial aid account or electronic fund transfers initiated to Department of Education as soon as possible, but no later than 45 days after the date the institution determines that the student withdrew. Effect: Failure to properly review and adhere to policies and procedures can lead to noncompliance and the misappropriation of federal funds that are not detected during the normal course of business. Cause: Management oversight. Recommendation: We recommend the College review and update its policies and procedures to ensure all student Title IV calculations are reviewed timely to ensure funds are returned in a timely manner.
Criteria: Title IV requires institutions to return Title IV funds into the student financial aid account or electronic fund transfers initiated to Department of Education as soon as possible, but no later than 45 days after the date the institution determines the student withdrew. Condition: In 5 out of 11 instances for the year ended June 30, 2022, the College failed to return the Title IV funds within the required timeframe. Context: We addressed the matter with College management who are aware of the requirements to return Title IV funds into the student financial aid account or electronic fund transfers initiated to Department of Education as soon as possible, but no later than 45 days after the date the institution determines that the student withdrew. Effect: Failure to properly review and adhere to policies and procedures can lead to noncompliance and the misappropriation of federal funds that are not detected during the normal course of business. Cause: Management oversight. Recommendation: We recommend the College review and update its policies and procedures to ensure all student Title IV calculations are reviewed timely to ensure funds are returned in a timely manner.
Criteria: Title IV requires institutions to return Title IV funds into the student financial aid account or electronic fund transfers initiated to Department of Education as soon as possible, but no later than 45 days after the date the institution determines the student withdrew. Condition: In 5 out of 11 instances for the year ended June 30, 2022, the College failed to return the Title IV funds within the required timeframe. Context: We addressed the matter with College management who are aware of the requirements to return Title IV funds into the student financial aid account or electronic fund transfers initiated to Department of Education as soon as possible, but no later than 45 days after the date the institution determines that the student withdrew. Effect: Failure to properly review and adhere to policies and procedures can lead to noncompliance and the misappropriation of federal funds that are not detected during the normal course of business. Cause: Management oversight. Recommendation: We recommend the College review and update its policies and procedures to ensure all student Title IV calculations are reviewed timely to ensure funds are returned in a timely manner.
Criteria: Title IV requires institutions to return Title IV funds into the student financial aid account or electronic fund transfers initiated to Department of Education as soon as possible, but no later than 45 days after the date the institution determines the student withdrew. Condition: In 5 out of 11 instances for the year ended June 30, 2022, the College failed to return the Title IV funds within the required timeframe. Context: We addressed the matter with College management who are aware of the requirements to return Title IV funds into the student financial aid account or electronic fund transfers initiated to Department of Education as soon as possible, but no later than 45 days after the date the institution determines that the student withdrew. Effect: Failure to properly review and adhere to policies and procedures can lead to noncompliance and the misappropriation of federal funds that are not detected during the normal course of business. Cause: Management oversight. Recommendation: We recommend the College review and update its policies and procedures to ensure all student Title IV calculations are reviewed timely to ensure funds are returned in a timely manner.
Criteria: Title IV requires institutions to return Title IV funds into the student financial aid account or electronic fund transfers initiated to Department of Education as soon as possible, but no later than 45 days after the date the institution determines the student withdrew. Condition: In 5 out of 11 instances for the year ended June 30, 2022, the College failed to return the Title IV funds within the required timeframe. Context: We addressed the matter with College management who are aware of the requirements to return Title IV funds into the student financial aid account or electronic fund transfers initiated to Department of Education as soon as possible, but no later than 45 days after the date the institution determines that the student withdrew. Effect: Failure to properly review and adhere to policies and procedures can lead to noncompliance and the misappropriation of federal funds that are not detected during the normal course of business. Cause: Management oversight. Recommendation: We recommend the College review and update its policies and procedures to ensure all student Title IV calculations are reviewed timely to ensure funds are returned in a timely manner.
Criteria: Title IV requires institutions to award the maximum allowable amount of PELL Grant based on the individual’s enrollment status, cost of attendance and expected family contribution. Condition: In 2 out of 40 instances for the year ended June 30, 2022, the College failed to award the maximum amount of Pell Grant that each student was deemed eligible to receive. Context: We addressed the matter with College management who are aware of the requirements to award the maximum allowable amount of PELL Grant based on the individual’s enrollment status, cost of attendance and expected family contribution. Effect: Failure to properly review and calculate PELL Grants could result in noncompliance and misappropriation of federal funds that are not detected during the normal course of business. Cause: Management oversight. Recommendation: We recommend the College review and update its policies and procedures to ensure all students are awarded the maximum allowable amount of PELL Grant based on the individual’s enrollment status, cost of attendance and expected family contribution.
Criteria: Title IV requires institutions to award the maximum allowable amount of PELL Grant based on the individual’s enrollment status, cost of attendance and expected family contribution. Condition: In 2 out of 40 instances for the year ended June 30, 2022, the College failed to award the maximum amount of Pell Grant that each student was deemed eligible to receive. Context: We addressed the matter with College management who are aware of the requirements to award the maximum allowable amount of PELL Grant based on the individual’s enrollment status, cost of attendance and expected family contribution. Effect: Failure to properly review and calculate PELL Grants could result in noncompliance and misappropriation of federal funds that are not detected during the normal course of business. Cause: Management oversight. Recommendation: We recommend the College review and update its policies and procedures to ensure all students are awarded the maximum allowable amount of PELL Grant based on the individual’s enrollment status, cost of attendance and expected family contribution.
Criteria: Title IV requires institutions to award the maximum allowable amount of PELL Grant based on the individual’s enrollment status, cost of attendance and expected family contribution. Condition: In 2 out of 40 instances for the year ended June 30, 2022, the College failed to award the maximum amount of Pell Grant that each student was deemed eligible to receive. Context: We addressed the matter with College management who are aware of the requirements to award the maximum allowable amount of PELL Grant based on the individual’s enrollment status, cost of attendance and expected family contribution. Effect: Failure to properly review and calculate PELL Grants could result in noncompliance and misappropriation of federal funds that are not detected during the normal course of business. Cause: Management oversight. Recommendation: We recommend the College review and update its policies and procedures to ensure all students are awarded the maximum allowable amount of PELL Grant based on the individual’s enrollment status, cost of attendance and expected family contribution.
Criteria: Title IV requires institutions to award the maximum allowable amount of PELL Grant based on the individual’s enrollment status, cost of attendance and expected family contribution. Condition: In 2 out of 40 instances for the year ended June 30, 2022, the College failed to award the maximum amount of Pell Grant that each student was deemed eligible to receive. Context: We addressed the matter with College management who are aware of the requirements to award the maximum allowable amount of PELL Grant based on the individual’s enrollment status, cost of attendance and expected family contribution. Effect: Failure to properly review and calculate PELL Grants could result in noncompliance and misappropriation of federal funds that are not detected during the normal course of business. Cause: Management oversight. Recommendation: We recommend the College review and update its policies and procedures to ensure all students are awarded the maximum allowable amount of PELL Grant based on the individual’s enrollment status, cost of attendance and expected family contribution.
Criteria: Title IV requires institutions to award the maximum allowable amount of PELL Grant based on the individual’s enrollment status, cost of attendance and expected family contribution. Condition: In 2 out of 40 instances for the year ended June 30, 2022, the College failed to award the maximum amount of Pell Grant that each student was deemed eligible to receive. Context: We addressed the matter with College management who are aware of the requirements to award the maximum allowable amount of PELL Grant based on the individual’s enrollment status, cost of attendance and expected family contribution. Effect: Failure to properly review and calculate PELL Grants could result in noncompliance and misappropriation of federal funds that are not detected during the normal course of business. Cause: Management oversight. Recommendation: We recommend the College review and update its policies and procedures to ensure all students are awarded the maximum allowable amount of PELL Grant based on the individual’s enrollment status, cost of attendance and expected family contribution.