FAC Explorer

Audit 31692

FY End
2022-06-30
Total Expended
$13.17M
Findings
8
Programs
19
Organization: North Central Missouri College (MO)
Year: 2022 Accepted: 2023-01-08
Auditor: Kpm CPAS PC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
37528 2022-001 Significant Deficiency - N
37529 2022-001 Significant Deficiency - N
37530 2022-001 Significant Deficiency - N
37531 2022-001 Significant Deficiency - N
613970 2022-001 Significant Deficiency - N
613971 2022-001 Significant Deficiency - N
613972 2022-001 Significant Deficiency - N
613973 2022-001 Significant Deficiency - N

Programs

ALN Program Spent Major Findings
84.063 Federal Pell Grant Program $2.67M Yes 1
84.268 Federal Direct Student Loans $2.01M Yes 1
84.425 Education Stabilization Fund $457,345 Yes 0
84.047 Trio_upward Bound $312,393 - 0
84.042 Trio_student Support Services $275,032 - 0
84.048 Career and Technical Education -- Basic Grants to States $253,023 - 0
17.259 Wia Youth Activities $216,556 - 0
17.258 Wia Adult Program $201,809 - 0
93.600 Head Start $165,686 - 0
84.044 Trio_talent Search $110,088 - 0
14.228 Community Development Block Grants/state's Program and Non-Entitlement Grants in Hawaii $67,720 - 0
84.033 Federal Work-Study Program $59,742 Yes 1
84.007 Federal Supplemental Educational Opportunity Grants $57,375 Yes 1
10.561 State Administrative Matching Grants for the Supplemental Nutrition Assistance Program $19,403 - 0
93.558 Temporary Assistance for Needy Families $15,201 - 0
10.558 Child and Adult Care Food Program $13,072 - 0
17.278 Wia Dislocated Worker Formula Grants $8,245 - 0
10.559 Summer Food Service Program for Children $4,360 - 0
17.225 Unemployment Insurance $1,277 - 0

Contacts

Name Title Type
N7MCH3WJWLW5 Tyson Otto Auditee
6603593948 Matt Wallace Auditor
No contacts on file

Notes to SEFA

Title: Basis of Presentation Accounting Policies: 1. Expenditures reported in the Schedule are reported on the accrual basis of accounting, which is described in Note 1 to the College's basic financial statements. 2. Pass-through entity identifying numbers are presented where available. 3. The College elected not to use the 10% de minimis indirect cost rate. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal grant activity of North Central Missouri College under programs of the federal government for the year ended June 30, 2022. The information in this 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 (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of North Central Missouri College, it is not intended to and does not present the financial position, changes in net position, or cash flows of North Central Missouri College.
Title: Loan Programs Accounting Policies: 1. Expenditures reported in the Schedule are reported on the accrual basis of accounting, which is described in Note 1 to the College's basic financial statements. 2. Pass-through entity identifying numbers are presented where available. 3. The College elected not to use the 10% de minimis indirect cost rate. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. The College participates in the Federal Direct Student Loan Program, which provides federal loans directly to the students rather than through private lending institutions. The College is responsible only for the organization of the loan (e.g., determining student eligibility and disbursing loan proceeds to the borrower). The Direct Loan Servicer is then responsible for the overall servicing and collection of the loan. The amount reported on the Schedule of Expenditures of Federal Awards for the loan program represents the total value of the loans awarded and paid to the College's students during the year ended June 30, 2022.

Finding Details

Finding 2022-001
Significant Deficiency and Compliance U.S. Department of Education Student Financial Assistance Cluster Assistance Listing Numbers: 84.007, 84.033, 84.063 & 84.268 Award Year 2021-2022 2022-001 Special Test and Provisions - Return of Title IV Funds Criteria: In accordance with 34 CFR 668.173(b), the College must return Title IV funds within 45 days after the date the College determined the student withdrew. Condition: The College did not return unearned Title IV funds within the prescribed timeframe. Context: A sample of 20 R2T4 calculations revealed that one student had Title IV funds returned later than the allowable timeframe. All funds were returned in the proper order and amount. Effect: Title IV funds were not returned in a timely manner. Cause: The College did not have specific procedures in place to ensure timely reporting of withdraws by instructors, which in turn, did not provide enough time for the College to identify, prepare, and return funds within the required timeframe. Questioned Costs: The questioned costs would be insignificant due to the funds being returned in the proper order and amount. Recommendation: We recommend the College implement procedures to strictly comply with the requirements of 34 CFR 668.173 as it relates to the return of Title IV funds. Response: Through the processes the NCMC Financial Aid Office had in place, the affected student (an official withdraw) was missed until determination of unofficial withdraws at the end of the semester. To ensure the NCMC Financial Aid Office complies with the requirements of 34 CFR 668.173 as it relates to the return of Title IV funds, an additional weekly report was implemented to identify all withdraws and confirm an R2T4 calculation was performed (if required).
Finding 2022-001
Significant Deficiency and Compliance U.S. Department of Education Student Financial Assistance Cluster Assistance Listing Numbers: 84.007, 84.033, 84.063 & 84.268 Award Year 2021-2022 2022-001 Special Test and Provisions - Return of Title IV Funds Criteria: In accordance with 34 CFR 668.173(b), the College must return Title IV funds within 45 days after the date the College determined the student withdrew. Condition: The College did not return unearned Title IV funds within the prescribed timeframe. Context: A sample of 20 R2T4 calculations revealed that one student had Title IV funds returned later than the allowable timeframe. All funds were returned in the proper order and amount. Effect: Title IV funds were not returned in a timely manner. Cause: The College did not have specific procedures in place to ensure timely reporting of withdraws by instructors, which in turn, did not provide enough time for the College to identify, prepare, and return funds within the required timeframe. Questioned Costs: The questioned costs would be insignificant due to the funds being returned in the proper order and amount. Recommendation: We recommend the College implement procedures to strictly comply with the requirements of 34 CFR 668.173 as it relates to the return of Title IV funds. Response: Through the processes the NCMC Financial Aid Office had in place, the affected student (an official withdraw) was missed until determination of unofficial withdraws at the end of the semester. To ensure the NCMC Financial Aid Office complies with the requirements of 34 CFR 668.173 as it relates to the return of Title IV funds, an additional weekly report was implemented to identify all withdraws and confirm an R2T4 calculation was performed (if required).
Finding 2022-001
Significant Deficiency and Compliance U.S. Department of Education Student Financial Assistance Cluster Assistance Listing Numbers: 84.007, 84.033, 84.063 & 84.268 Award Year 2021-2022 2022-001 Special Test and Provisions - Return of Title IV Funds Criteria: In accordance with 34 CFR 668.173(b), the College must return Title IV funds within 45 days after the date the College determined the student withdrew. Condition: The College did not return unearned Title IV funds within the prescribed timeframe. Context: A sample of 20 R2T4 calculations revealed that one student had Title IV funds returned later than the allowable timeframe. All funds were returned in the proper order and amount. Effect: Title IV funds were not returned in a timely manner. Cause: The College did not have specific procedures in place to ensure timely reporting of withdraws by instructors, which in turn, did not provide enough time for the College to identify, prepare, and return funds within the required timeframe. Questioned Costs: The questioned costs would be insignificant due to the funds being returned in the proper order and amount. Recommendation: We recommend the College implement procedures to strictly comply with the requirements of 34 CFR 668.173 as it relates to the return of Title IV funds. Response: Through the processes the NCMC Financial Aid Office had in place, the affected student (an official withdraw) was missed until determination of unofficial withdraws at the end of the semester. To ensure the NCMC Financial Aid Office complies with the requirements of 34 CFR 668.173 as it relates to the return of Title IV funds, an additional weekly report was implemented to identify all withdraws and confirm an R2T4 calculation was performed (if required).
Finding 2022-001
Significant Deficiency and Compliance U.S. Department of Education Student Financial Assistance Cluster Assistance Listing Numbers: 84.007, 84.033, 84.063 & 84.268 Award Year 2021-2022 2022-001 Special Test and Provisions - Return of Title IV Funds Criteria: In accordance with 34 CFR 668.173(b), the College must return Title IV funds within 45 days after the date the College determined the student withdrew. Condition: The College did not return unearned Title IV funds within the prescribed timeframe. Context: A sample of 20 R2T4 calculations revealed that one student had Title IV funds returned later than the allowable timeframe. All funds were returned in the proper order and amount. Effect: Title IV funds were not returned in a timely manner. Cause: The College did not have specific procedures in place to ensure timely reporting of withdraws by instructors, which in turn, did not provide enough time for the College to identify, prepare, and return funds within the required timeframe. Questioned Costs: The questioned costs would be insignificant due to the funds being returned in the proper order and amount. Recommendation: We recommend the College implement procedures to strictly comply with the requirements of 34 CFR 668.173 as it relates to the return of Title IV funds. Response: Through the processes the NCMC Financial Aid Office had in place, the affected student (an official withdraw) was missed until determination of unofficial withdraws at the end of the semester. To ensure the NCMC Financial Aid Office complies with the requirements of 34 CFR 668.173 as it relates to the return of Title IV funds, an additional weekly report was implemented to identify all withdraws and confirm an R2T4 calculation was performed (if required).
Finding 2022-001
Significant Deficiency and Compliance U.S. Department of Education Student Financial Assistance Cluster Assistance Listing Numbers: 84.007, 84.033, 84.063 & 84.268 Award Year 2021-2022 2022-001 Special Test and Provisions - Return of Title IV Funds Criteria: In accordance with 34 CFR 668.173(b), the College must return Title IV funds within 45 days after the date the College determined the student withdrew. Condition: The College did not return unearned Title IV funds within the prescribed timeframe. Context: A sample of 20 R2T4 calculations revealed that one student had Title IV funds returned later than the allowable timeframe. All funds were returned in the proper order and amount. Effect: Title IV funds were not returned in a timely manner. Cause: The College did not have specific procedures in place to ensure timely reporting of withdraws by instructors, which in turn, did not provide enough time for the College to identify, prepare, and return funds within the required timeframe. Questioned Costs: The questioned costs would be insignificant due to the funds being returned in the proper order and amount. Recommendation: We recommend the College implement procedures to strictly comply with the requirements of 34 CFR 668.173 as it relates to the return of Title IV funds. Response: Through the processes the NCMC Financial Aid Office had in place, the affected student (an official withdraw) was missed until determination of unofficial withdraws at the end of the semester. To ensure the NCMC Financial Aid Office complies with the requirements of 34 CFR 668.173 as it relates to the return of Title IV funds, an additional weekly report was implemented to identify all withdraws and confirm an R2T4 calculation was performed (if required).
Finding 2022-001
Significant Deficiency and Compliance U.S. Department of Education Student Financial Assistance Cluster Assistance Listing Numbers: 84.007, 84.033, 84.063 & 84.268 Award Year 2021-2022 2022-001 Special Test and Provisions - Return of Title IV Funds Criteria: In accordance with 34 CFR 668.173(b), the College must return Title IV funds within 45 days after the date the College determined the student withdrew. Condition: The College did not return unearned Title IV funds within the prescribed timeframe. Context: A sample of 20 R2T4 calculations revealed that one student had Title IV funds returned later than the allowable timeframe. All funds were returned in the proper order and amount. Effect: Title IV funds were not returned in a timely manner. Cause: The College did not have specific procedures in place to ensure timely reporting of withdraws by instructors, which in turn, did not provide enough time for the College to identify, prepare, and return funds within the required timeframe. Questioned Costs: The questioned costs would be insignificant due to the funds being returned in the proper order and amount. Recommendation: We recommend the College implement procedures to strictly comply with the requirements of 34 CFR 668.173 as it relates to the return of Title IV funds. Response: Through the processes the NCMC Financial Aid Office had in place, the affected student (an official withdraw) was missed until determination of unofficial withdraws at the end of the semester. To ensure the NCMC Financial Aid Office complies with the requirements of 34 CFR 668.173 as it relates to the return of Title IV funds, an additional weekly report was implemented to identify all withdraws and confirm an R2T4 calculation was performed (if required).
Finding 2022-001
Significant Deficiency and Compliance U.S. Department of Education Student Financial Assistance Cluster Assistance Listing Numbers: 84.007, 84.033, 84.063 & 84.268 Award Year 2021-2022 2022-001 Special Test and Provisions - Return of Title IV Funds Criteria: In accordance with 34 CFR 668.173(b), the College must return Title IV funds within 45 days after the date the College determined the student withdrew. Condition: The College did not return unearned Title IV funds within the prescribed timeframe. Context: A sample of 20 R2T4 calculations revealed that one student had Title IV funds returned later than the allowable timeframe. All funds were returned in the proper order and amount. Effect: Title IV funds were not returned in a timely manner. Cause: The College did not have specific procedures in place to ensure timely reporting of withdraws by instructors, which in turn, did not provide enough time for the College to identify, prepare, and return funds within the required timeframe. Questioned Costs: The questioned costs would be insignificant due to the funds being returned in the proper order and amount. Recommendation: We recommend the College implement procedures to strictly comply with the requirements of 34 CFR 668.173 as it relates to the return of Title IV funds. Response: Through the processes the NCMC Financial Aid Office had in place, the affected student (an official withdraw) was missed until determination of unofficial withdraws at the end of the semester. To ensure the NCMC Financial Aid Office complies with the requirements of 34 CFR 668.173 as it relates to the return of Title IV funds, an additional weekly report was implemented to identify all withdraws and confirm an R2T4 calculation was performed (if required).
Finding 2022-001
Significant Deficiency and Compliance U.S. Department of Education Student Financial Assistance Cluster Assistance Listing Numbers: 84.007, 84.033, 84.063 & 84.268 Award Year 2021-2022 2022-001 Special Test and Provisions - Return of Title IV Funds Criteria: In accordance with 34 CFR 668.173(b), the College must return Title IV funds within 45 days after the date the College determined the student withdrew. Condition: The College did not return unearned Title IV funds within the prescribed timeframe. Context: A sample of 20 R2T4 calculations revealed that one student had Title IV funds returned later than the allowable timeframe. All funds were returned in the proper order and amount. Effect: Title IV funds were not returned in a timely manner. Cause: The College did not have specific procedures in place to ensure timely reporting of withdraws by instructors, which in turn, did not provide enough time for the College to identify, prepare, and return funds within the required timeframe. Questioned Costs: The questioned costs would be insignificant due to the funds being returned in the proper order and amount. Recommendation: We recommend the College implement procedures to strictly comply with the requirements of 34 CFR 668.173 as it relates to the return of Title IV funds. Response: Through the processes the NCMC Financial Aid Office had in place, the affected student (an official withdraw) was missed until determination of unofficial withdraws at the end of the semester. To ensure the NCMC Financial Aid Office complies with the requirements of 34 CFR 668.173 as it relates to the return of Title IV funds, an additional weekly report was implemented to identify all withdraws and confirm an R2T4 calculation was performed (if required).