FAC Explorer

Audit 300098

FY End
2023-06-30
Total Expended
$3.00M
Findings
4
Programs
4
Organization: Maranatha Baptist University (WI)
Year: 2023 Accepted: 2024-03-28
Auditor: Cliftonlarsonallen LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
388301 2023-001 Significant Deficiency - L
388302 2023-001 Significant Deficiency - L
964743 2023-001 Significant Deficiency - L
964744 2023-001 Significant Deficiency - L

Programs

ALN Program Spent Major Findings
84.268 Federal Direct Student Loans $1.76M Yes 1
84.063 Federal Pell Grant Program $1.19M Yes 1
84.007 Federal Supplemental Educational Opportunity Grants $34,500 Yes 0
84.425 Education Stabilization Fund $19,493 - 0

Contacts

Name Title Type
L87HJHLRNUA9 Donald Donovan Auditee
9202062314 Jordan Boehm Auditor
No contacts on file

Notes to SEFA

Title: OVERSIGHT AND COGNIZANT AGENCIES Accounting Policies: The accompanying Schedules of Expenditures of Federal and State Awards include the federal grant and state grant activity of Maranatha Baptist University (the University) and is presented on the accrual basis of accounting. The information in these schedules are presented in accordance with the requirements of the Uniform Guidance and the Wisconsin State Single Audit Guidelines. Therefore, some amounts presented in these schedules may differ from amounts presented in, or used in the preparation of, the financial statements. Expenditures reported on the Schedules are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and the Wisconsin State Single Audit Guidelines for all awards. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Federal and State awards include all grants, contracts, loans, and loan guarantee agreements entered into directly between the University and agencies and departments of the federal and state governments and all awards to the University by other organizations pursuant to federal and state grants, contracts, and similar agreements. The Schedules summarize expenditures by primary federal and state funding agencies. De Minimis Rate Used: N Rate Explanation: The University has elected to not apply the 10 percent de minimis cost rate to awards for the year ended June 30, 2023. The University's federal oversight agency for audit is the U.S. Department of Education. The University's state cognizant agency is the Wisconsin Higher Education Aids Board. Grant monies received and disbursed by the University are for specific purposes and are subject to review and audit by the grantor agencies. Such audits may result in requests for reimbursement due to disallowed expenditures. Based upon prior experience, the University does not believe that such disallowances, if any, would have a material effect on the financial position of the University. As of June 30, 2023, management was not aware of any material questioned or disallowed costs as a result of grant audits in process or completed.
Title: FEDERAL STUDENT FINANCIAL AID PROGRAM CLUSTER (THE CLUSTER) Accounting Policies: The accompanying Schedules of Expenditures of Federal and State Awards include the federal grant and state grant activity of Maranatha Baptist University (the University) and is presented on the accrual basis of accounting. The information in these schedules are presented in accordance with the requirements of the Uniform Guidance and the Wisconsin State Single Audit Guidelines. Therefore, some amounts presented in these schedules may differ from amounts presented in, or used in the preparation of, the financial statements. Expenditures reported on the Schedules are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and the Wisconsin State Single Audit Guidelines for all awards. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Federal and State awards include all grants, contracts, loans, and loan guarantee agreements entered into directly between the University and agencies and departments of the federal and state governments and all awards to the University by other organizations pursuant to federal and state grants, contracts, and similar agreements. The Schedules summarize expenditures by primary federal and state funding agencies. De Minimis Rate Used: N Rate Explanation: The University has elected to not apply the 10 percent de minimis cost rate to awards for the year ended June 30, 2023. Federal awards to provide financial assistance to students are combined and considered to be a single program (Student Financial Aid Program Cluster) for major federal program determination. The amounts included in the Schedules represent loans disbursed during the year, plus the related administrative charge. The Student Financial Aid Program Cluster represents the combination of awards by the U.S. Department of Education to provide financial assistance to students under the following programs: • Federal Supplemental Educational Opportunity Grants • Federal Pell Grant Program • Federal Direct Student Loans The University receives awards to make loans to eligible students under certain federal government student loan programs and federally guaranteed loans are issued to the students of the University by the Secretary of Education. These loans are considered for purposes of determining whether student financial assistance is a major program under the Uniform Guidance. In addition, the Student Financial Aid Program Cluster includes the following federal government student loan programs which are administered by the Secretary of Education: • Subsidized Stafford Loans • Unsubsidized Stafford Loans The University is responsible only for the performance of certain administrative duties with respect to the federally guaranteed student loan programs, and, accordingly, these loans are not included in its financial statements and it is not practical to determine the balance of loans outstanding to students and former students of the University under these programs at June 30, 2023.

Finding Details

Finding 2023-001
Federal Agency: U.S Department of Education Federal Program Name: Student Financial Aid Cluster Assistance Listing Number: 84.063, 84.268 Federal Award Identification Number and Year: P063P224177, P268K234177 Award Period: • 84.063: March 23, 2022 to August 31, 2023 • 84.268: July 1, 2022 to June 30, 2023 Type of Finding: • Significant Deficiency in Internal Control over Compliance • Other Matters Criteria or specific requirement: The administration of the Title IV programs depends heavily on the accuracy and timeliness of the enrollment information reported by institutions. Institutions must review, update, and certify student enrollment statuses, program information, and effective dates that appear on the Enrollment Reporting Roster file or on the Enrollment Maintenance page of the NSLDS Professional Access (NSLDSFAP) website. Condition: The University failed to reconcile the enrollment effective dates per their records to the enrollment effective dates per NSLDS. Questioned costs: There are no questioned costs. Context: 1) One (1) student was found to have been reported to NSC, but they were not subsequently reported to NSLDS. 2) Two (2) students had different NSLDS campus level effective dates when compared to the University's records. 3) Seventeen (17 students had different NSLDS program level effective dates when compared to the University's records. Cause: The University's internal controls failed to detect that the data reported and posted to NSLDS did not agree to the University's records. Effect: There is a risk that students have the incorrect NSLDS effective date, which can be essential for other political criteria. Repeat finding: No Recommendation: We recommend that the University review its enrollment certification batches subsequent to being posted by NSLDS. Views of responsible officials: There is no disagreement with the audit finding.
Finding 2023-001
Federal Agency: U.S Department of Education Federal Program Name: Student Financial Aid Cluster Assistance Listing Number: 84.063, 84.268 Federal Award Identification Number and Year: P063P224177, P268K234177 Award Period: • 84.063: March 23, 2022 to August 31, 2023 • 84.268: July 1, 2022 to June 30, 2023 Type of Finding: • Significant Deficiency in Internal Control over Compliance • Other Matters Criteria or specific requirement: The administration of the Title IV programs depends heavily on the accuracy and timeliness of the enrollment information reported by institutions. Institutions must review, update, and certify student enrollment statuses, program information, and effective dates that appear on the Enrollment Reporting Roster file or on the Enrollment Maintenance page of the NSLDS Professional Access (NSLDSFAP) website. Condition: The University failed to reconcile the enrollment effective dates per their records to the enrollment effective dates per NSLDS. Questioned costs: There are no questioned costs. Context: 1) One (1) student was found to have been reported to NSC, but they were not subsequently reported to NSLDS. 2) Two (2) students had different NSLDS campus level effective dates when compared to the University's records. 3) Seventeen (17 students had different NSLDS program level effective dates when compared to the University's records. Cause: The University's internal controls failed to detect that the data reported and posted to NSLDS did not agree to the University's records. Effect: There is a risk that students have the incorrect NSLDS effective date, which can be essential for other political criteria. Repeat finding: No Recommendation: We recommend that the University review its enrollment certification batches subsequent to being posted by NSLDS. Views of responsible officials: There is no disagreement with the audit finding.
Finding 2023-001
Federal Agency: U.S Department of Education Federal Program Name: Student Financial Aid Cluster Assistance Listing Number: 84.063, 84.268 Federal Award Identification Number and Year: P063P224177, P268K234177 Award Period: • 84.063: March 23, 2022 to August 31, 2023 • 84.268: July 1, 2022 to June 30, 2023 Type of Finding: • Significant Deficiency in Internal Control over Compliance • Other Matters Criteria or specific requirement: The administration of the Title IV programs depends heavily on the accuracy and timeliness of the enrollment information reported by institutions. Institutions must review, update, and certify student enrollment statuses, program information, and effective dates that appear on the Enrollment Reporting Roster file or on the Enrollment Maintenance page of the NSLDS Professional Access (NSLDSFAP) website. Condition: The University failed to reconcile the enrollment effective dates per their records to the enrollment effective dates per NSLDS. Questioned costs: There are no questioned costs. Context: 1) One (1) student was found to have been reported to NSC, but they were not subsequently reported to NSLDS. 2) Two (2) students had different NSLDS campus level effective dates when compared to the University's records. 3) Seventeen (17 students had different NSLDS program level effective dates when compared to the University's records. Cause: The University's internal controls failed to detect that the data reported and posted to NSLDS did not agree to the University's records. Effect: There is a risk that students have the incorrect NSLDS effective date, which can be essential for other political criteria. Repeat finding: No Recommendation: We recommend that the University review its enrollment certification batches subsequent to being posted by NSLDS. Views of responsible officials: There is no disagreement with the audit finding.
Finding 2023-001
Federal Agency: U.S Department of Education Federal Program Name: Student Financial Aid Cluster Assistance Listing Number: 84.063, 84.268 Federal Award Identification Number and Year: P063P224177, P268K234177 Award Period: • 84.063: March 23, 2022 to August 31, 2023 • 84.268: July 1, 2022 to June 30, 2023 Type of Finding: • Significant Deficiency in Internal Control over Compliance • Other Matters Criteria or specific requirement: The administration of the Title IV programs depends heavily on the accuracy and timeliness of the enrollment information reported by institutions. Institutions must review, update, and certify student enrollment statuses, program information, and effective dates that appear on the Enrollment Reporting Roster file or on the Enrollment Maintenance page of the NSLDS Professional Access (NSLDSFAP) website. Condition: The University failed to reconcile the enrollment effective dates per their records to the enrollment effective dates per NSLDS. Questioned costs: There are no questioned costs. Context: 1) One (1) student was found to have been reported to NSC, but they were not subsequently reported to NSLDS. 2) Two (2) students had different NSLDS campus level effective dates when compared to the University's records. 3) Seventeen (17 students had different NSLDS program level effective dates when compared to the University's records. Cause: The University's internal controls failed to detect that the data reported and posted to NSLDS did not agree to the University's records. Effect: There is a risk that students have the incorrect NSLDS effective date, which can be essential for other political criteria. Repeat finding: No Recommendation: We recommend that the University review its enrollment certification batches subsequent to being posted by NSLDS. Views of responsible officials: There is no disagreement with the audit finding.