FAC Explorer

Audit 320239

FY End
2024-06-30
Total Expended
$79.50M
Findings
12
Programs
9
Organization: William Carey University (MS)
Year: 2024 Accepted: 2024-09-20
Auditor: Tmh

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
497446 2024-001 - - N
497447 2024-001 - - N
497448 2024-001 - - N
497449 2024-001 - - N
497450 2024-001 - - N
497451 2024-001 - - N
1073888 2024-001 - - N
1073889 2024-001 - - N
1073890 2024-001 - - N
1073891 2024-001 - - N
1073892 2024-001 - - N
1073893 2024-001 - - N

Programs

ALN Program Spent Major Findings
84.268 Federal Direct Student Loans $66.43M Yes 1
84.063 Federal Pell Grant Program $5.72M Yes 1
21.027 Coronavirus State and Local Fiscal Recovery Funds $2.58M Yes 0
84.033 Federal Work-Study Program $374,772 Yes 1
84.423 Supporting Effective Educator Development Program $373,301 - 0
84.425 Education Stabilization Fund $292,307 - 0
84.007 Federal Supplemental Educational Opportunity Grants $215,067 Yes 1
84.379 Teacher Education Assistance for College and Higher Education Grants (teach Grants) $138,955 Yes 1
84.038 Federal Perkins Loan Program $48,370 Yes 1

Contacts

Name Title Type
ZS3ZMLQ2HDQ5 Grant Guthrie Auditee
6013186193 Paige M. Johnson Auditor
No contacts on file

Notes to SEFA

Title: LOANS OUTSTANDING Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of William Carey University (the University) and is presented on the accrual basis of accounting. 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 Requirments, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. De Minimis Rate Used: Y Rate Explanation: The University prepares an indirect cost rate proposal as needed subject to approval by the United States Department of Health and Human Services. For the year ened June 30, 2024, the approved final indirect cost rate for federally funded programs was 28.96% based upon the most recent Certificate of Indirect Cost dated July 11, 2023. The approved rate contained in the most recent Certificate of Indirect Cost is approved to be used through June 30, 2027. The University had the following loan balances outstanding at June 30, 2024. These loan balances outstanding are also included in the federal expenditures presented in the schedule (Federal Perkins Loan Program, ALN# 84.038, $48,370). During the year ended June 30, 2024, there were no disbursements for new loans and miscellaneous expenses totaled $6,132 for the Federal Perkins Loan Program.
Title: FEDERAL PELL GRANT PROGRAM Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of William Carey University (the University) and is presented on the accrual basis of accounting. 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 Requirments, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. De Minimis Rate Used: Y Rate Explanation: The University prepares an indirect cost rate proposal as needed subject to approval by the United States Department of Health and Human Services. For the year ened June 30, 2024, the approved final indirect cost rate for federally funded programs was 28.96% based upon the most recent Certificate of Indirect Cost dated July 11, 2023. The approved rate contained in the most recent Certificate of Indirect Cost is approved to be used through June 30, 2027. During the year ended June 30, 2024, expenditures for the Federal Pell Grant Program totaled $5,722,777, of which $5,722,777 was disbursed to students.

Finding Details

Finding 2024-001
2024-001: Special Tests and Provisions - Enrollment Reporting. Finding Type: Noncompliance. Program Tested: Student Financial Aid Cluster. Federal Agency: U.S. Department of Education. Context: The OMB compliance supplement requires Institutions to report enrollment information under the Pell Grant and the Direct and Federal Family Education loan programs via the National Student Loan Data System. Repeat Finding: No. Critieria: The OMB compliance supplement requires institutions to report enrollment information under the Pell Grant and the Direct and Federal Family Education loan programs via the National Student Loan Data System within 60 days or every other month. Condition: During our audit of the Student Financial Aid Cluster major program, we noted the University failed to submit enrollment reports within 60 days to the Nation Student Loan Data System. Cause: The University encountered technical difficullties with their reporting software after a required update was installed which prevented them from submitting the enrollment reports. Effect: Failure to submit enrollment reports timely could allow students that have withdrawn from the University to receive funding and cause students' financial aid repayments to be delayed. Recommendation: Management should oversee resolution of IT issues in a timely manner to ensure the required enrollment reports are submitted within 60 days. Views of Management: See Auditee Corrective Action Plan.
Finding 2024-001
2024-001: Special Tests and Provisions - Enrollment Reporting. Finding Type: Noncompliance. Program Tested: Student Financial Aid Cluster. Federal Agency: U.S. Department of Education. Context: The OMB compliance supplement requires Institutions to report enrollment information under the Pell Grant and the Direct and Federal Family Education loan programs via the National Student Loan Data System. Repeat Finding: No. Critieria: The OMB compliance supplement requires institutions to report enrollment information under the Pell Grant and the Direct and Federal Family Education loan programs via the National Student Loan Data System within 60 days or every other month. Condition: During our audit of the Student Financial Aid Cluster major program, we noted the University failed to submit enrollment reports within 60 days to the Nation Student Loan Data System. Cause: The University encountered technical difficullties with their reporting software after a required update was installed which prevented them from submitting the enrollment reports. Effect: Failure to submit enrollment reports timely could allow students that have withdrawn from the University to receive funding and cause students' financial aid repayments to be delayed. Recommendation: Management should oversee resolution of IT issues in a timely manner to ensure the required enrollment reports are submitted within 60 days. Views of Management: See Auditee Corrective Action Plan.
Finding 2024-001
2024-001: Special Tests and Provisions - Enrollment Reporting. Finding Type: Noncompliance. Program Tested: Student Financial Aid Cluster. Federal Agency: U.S. Department of Education. Context: The OMB compliance supplement requires Institutions to report enrollment information under the Pell Grant and the Direct and Federal Family Education loan programs via the National Student Loan Data System. Repeat Finding: No. Critieria: The OMB compliance supplement requires institutions to report enrollment information under the Pell Grant and the Direct and Federal Family Education loan programs via the National Student Loan Data System within 60 days or every other month. Condition: During our audit of the Student Financial Aid Cluster major program, we noted the University failed to submit enrollment reports within 60 days to the Nation Student Loan Data System. Cause: The University encountered technical difficullties with their reporting software after a required update was installed which prevented them from submitting the enrollment reports. Effect: Failure to submit enrollment reports timely could allow students that have withdrawn from the University to receive funding and cause students' financial aid repayments to be delayed. Recommendation: Management should oversee resolution of IT issues in a timely manner to ensure the required enrollment reports are submitted within 60 days. Views of Management: See Auditee Corrective Action Plan.
Finding 2024-001
2024-001: Special Tests and Provisions - Enrollment Reporting. Finding Type: Noncompliance. Program Tested: Student Financial Aid Cluster. Federal Agency: U.S. Department of Education. Context: The OMB compliance supplement requires Institutions to report enrollment information under the Pell Grant and the Direct and Federal Family Education loan programs via the National Student Loan Data System. Repeat Finding: No. Critieria: The OMB compliance supplement requires institutions to report enrollment information under the Pell Grant and the Direct and Federal Family Education loan programs via the National Student Loan Data System within 60 days or every other month. Condition: During our audit of the Student Financial Aid Cluster major program, we noted the University failed to submit enrollment reports within 60 days to the Nation Student Loan Data System. Cause: The University encountered technical difficullties with their reporting software after a required update was installed which prevented them from submitting the enrollment reports. Effect: Failure to submit enrollment reports timely could allow students that have withdrawn from the University to receive funding and cause students' financial aid repayments to be delayed. Recommendation: Management should oversee resolution of IT issues in a timely manner to ensure the required enrollment reports are submitted within 60 days. Views of Management: See Auditee Corrective Action Plan.
Finding 2024-001
2024-001: Special Tests and Provisions - Enrollment Reporting. Finding Type: Noncompliance. Program Tested: Student Financial Aid Cluster. Federal Agency: U.S. Department of Education. Context: The OMB compliance supplement requires Institutions to report enrollment information under the Pell Grant and the Direct and Federal Family Education loan programs via the National Student Loan Data System. Repeat Finding: No. Critieria: The OMB compliance supplement requires institutions to report enrollment information under the Pell Grant and the Direct and Federal Family Education loan programs via the National Student Loan Data System within 60 days or every other month. Condition: During our audit of the Student Financial Aid Cluster major program, we noted the University failed to submit enrollment reports within 60 days to the Nation Student Loan Data System. Cause: The University encountered technical difficullties with their reporting software after a required update was installed which prevented them from submitting the enrollment reports. Effect: Failure to submit enrollment reports timely could allow students that have withdrawn from the University to receive funding and cause students' financial aid repayments to be delayed. Recommendation: Management should oversee resolution of IT issues in a timely manner to ensure the required enrollment reports are submitted within 60 days. Views of Management: See Auditee Corrective Action Plan.
Finding 2024-001
2024-001: Special Tests and Provisions - Enrollment Reporting. Finding Type: Noncompliance. Program Tested: Student Financial Aid Cluster. Federal Agency: U.S. Department of Education. Context: The OMB compliance supplement requires Institutions to report enrollment information under the Pell Grant and the Direct and Federal Family Education loan programs via the National Student Loan Data System. Repeat Finding: No. Critieria: The OMB compliance supplement requires institutions to report enrollment information under the Pell Grant and the Direct and Federal Family Education loan programs via the National Student Loan Data System within 60 days or every other month. Condition: During our audit of the Student Financial Aid Cluster major program, we noted the University failed to submit enrollment reports within 60 days to the Nation Student Loan Data System. Cause: The University encountered technical difficullties with their reporting software after a required update was installed which prevented them from submitting the enrollment reports. Effect: Failure to submit enrollment reports timely could allow students that have withdrawn from the University to receive funding and cause students' financial aid repayments to be delayed. Recommendation: Management should oversee resolution of IT issues in a timely manner to ensure the required enrollment reports are submitted within 60 days. Views of Management: See Auditee Corrective Action Plan.
Finding 2024-001
2024-001: Special Tests and Provisions - Enrollment Reporting. Finding Type: Noncompliance. Program Tested: Student Financial Aid Cluster. Federal Agency: U.S. Department of Education. Context: The OMB compliance supplement requires Institutions to report enrollment information under the Pell Grant and the Direct and Federal Family Education loan programs via the National Student Loan Data System. Repeat Finding: No. Critieria: The OMB compliance supplement requires institutions to report enrollment information under the Pell Grant and the Direct and Federal Family Education loan programs via the National Student Loan Data System within 60 days or every other month. Condition: During our audit of the Student Financial Aid Cluster major program, we noted the University failed to submit enrollment reports within 60 days to the Nation Student Loan Data System. Cause: The University encountered technical difficullties with their reporting software after a required update was installed which prevented them from submitting the enrollment reports. Effect: Failure to submit enrollment reports timely could allow students that have withdrawn from the University to receive funding and cause students' financial aid repayments to be delayed. Recommendation: Management should oversee resolution of IT issues in a timely manner to ensure the required enrollment reports are submitted within 60 days. Views of Management: See Auditee Corrective Action Plan.
Finding 2024-001
2024-001: Special Tests and Provisions - Enrollment Reporting. Finding Type: Noncompliance. Program Tested: Student Financial Aid Cluster. Federal Agency: U.S. Department of Education. Context: The OMB compliance supplement requires Institutions to report enrollment information under the Pell Grant and the Direct and Federal Family Education loan programs via the National Student Loan Data System. Repeat Finding: No. Critieria: The OMB compliance supplement requires institutions to report enrollment information under the Pell Grant and the Direct and Federal Family Education loan programs via the National Student Loan Data System within 60 days or every other month. Condition: During our audit of the Student Financial Aid Cluster major program, we noted the University failed to submit enrollment reports within 60 days to the Nation Student Loan Data System. Cause: The University encountered technical difficullties with their reporting software after a required update was installed which prevented them from submitting the enrollment reports. Effect: Failure to submit enrollment reports timely could allow students that have withdrawn from the University to receive funding and cause students' financial aid repayments to be delayed. Recommendation: Management should oversee resolution of IT issues in a timely manner to ensure the required enrollment reports are submitted within 60 days. Views of Management: See Auditee Corrective Action Plan.
Finding 2024-001
2024-001: Special Tests and Provisions - Enrollment Reporting. Finding Type: Noncompliance. Program Tested: Student Financial Aid Cluster. Federal Agency: U.S. Department of Education. Context: The OMB compliance supplement requires Institutions to report enrollment information under the Pell Grant and the Direct and Federal Family Education loan programs via the National Student Loan Data System. Repeat Finding: No. Critieria: The OMB compliance supplement requires institutions to report enrollment information under the Pell Grant and the Direct and Federal Family Education loan programs via the National Student Loan Data System within 60 days or every other month. Condition: During our audit of the Student Financial Aid Cluster major program, we noted the University failed to submit enrollment reports within 60 days to the Nation Student Loan Data System. Cause: The University encountered technical difficullties with their reporting software after a required update was installed which prevented them from submitting the enrollment reports. Effect: Failure to submit enrollment reports timely could allow students that have withdrawn from the University to receive funding and cause students' financial aid repayments to be delayed. Recommendation: Management should oversee resolution of IT issues in a timely manner to ensure the required enrollment reports are submitted within 60 days. Views of Management: See Auditee Corrective Action Plan.
Finding 2024-001
2024-001: Special Tests and Provisions - Enrollment Reporting. Finding Type: Noncompliance. Program Tested: Student Financial Aid Cluster. Federal Agency: U.S. Department of Education. Context: The OMB compliance supplement requires Institutions to report enrollment information under the Pell Grant and the Direct and Federal Family Education loan programs via the National Student Loan Data System. Repeat Finding: No. Critieria: The OMB compliance supplement requires institutions to report enrollment information under the Pell Grant and the Direct and Federal Family Education loan programs via the National Student Loan Data System within 60 days or every other month. Condition: During our audit of the Student Financial Aid Cluster major program, we noted the University failed to submit enrollment reports within 60 days to the Nation Student Loan Data System. Cause: The University encountered technical difficullties with their reporting software after a required update was installed which prevented them from submitting the enrollment reports. Effect: Failure to submit enrollment reports timely could allow students that have withdrawn from the University to receive funding and cause students' financial aid repayments to be delayed. Recommendation: Management should oversee resolution of IT issues in a timely manner to ensure the required enrollment reports are submitted within 60 days. Views of Management: See Auditee Corrective Action Plan.
Finding 2024-001
2024-001: Special Tests and Provisions - Enrollment Reporting. Finding Type: Noncompliance. Program Tested: Student Financial Aid Cluster. Federal Agency: U.S. Department of Education. Context: The OMB compliance supplement requires Institutions to report enrollment information under the Pell Grant and the Direct and Federal Family Education loan programs via the National Student Loan Data System. Repeat Finding: No. Critieria: The OMB compliance supplement requires institutions to report enrollment information under the Pell Grant and the Direct and Federal Family Education loan programs via the National Student Loan Data System within 60 days or every other month. Condition: During our audit of the Student Financial Aid Cluster major program, we noted the University failed to submit enrollment reports within 60 days to the Nation Student Loan Data System. Cause: The University encountered technical difficullties with their reporting software after a required update was installed which prevented them from submitting the enrollment reports. Effect: Failure to submit enrollment reports timely could allow students that have withdrawn from the University to receive funding and cause students' financial aid repayments to be delayed. Recommendation: Management should oversee resolution of IT issues in a timely manner to ensure the required enrollment reports are submitted within 60 days. Views of Management: See Auditee Corrective Action Plan.
Finding 2024-001
2024-001: Special Tests and Provisions - Enrollment Reporting. Finding Type: Noncompliance. Program Tested: Student Financial Aid Cluster. Federal Agency: U.S. Department of Education. Context: The OMB compliance supplement requires Institutions to report enrollment information under the Pell Grant and the Direct and Federal Family Education loan programs via the National Student Loan Data System. Repeat Finding: No. Critieria: The OMB compliance supplement requires institutions to report enrollment information under the Pell Grant and the Direct and Federal Family Education loan programs via the National Student Loan Data System within 60 days or every other month. Condition: During our audit of the Student Financial Aid Cluster major program, we noted the University failed to submit enrollment reports within 60 days to the Nation Student Loan Data System. Cause: The University encountered technical difficullties with their reporting software after a required update was installed which prevented them from submitting the enrollment reports. Effect: Failure to submit enrollment reports timely could allow students that have withdrawn from the University to receive funding and cause students' financial aid repayments to be delayed. Recommendation: Management should oversee resolution of IT issues in a timely manner to ensure the required enrollment reports are submitted within 60 days. Views of Management: See Auditee Corrective Action Plan.