FAC Explorer

Audit 321580

FY End
2024-05-31
Total Expended
$7.06M
Findings
2
Programs
7
Organization: Brescia University Inc. (KY)
Year: 2024 Accepted: 2024-09-27
Auditor: Ebelhar Whitehead PLLC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
498829 2024-001 Significant Deficiency - N
1075271 2024-001 Significant Deficiency - N

Programs

ALN Program Spent Major Findings
84.268 Federal Direct Student Loans $5.37M Yes 1
84.063 Federal Pell Grant Program $1.37M Yes 0
84.007 Federal Supplemental Educational Opportunity Grants $86,707 Yes 0
21.027 Coronavirus State and Local Fiscal Recovery Funds $78,248 - 0
84.033 Federal Work-Study Program $76,816 Yes 0
16.525 Grants to Reduce Domestic Violence, Dating Violence, Sexual Assault, and Stalking on Campus $73,633 - 0
93.658 Foster Care_title IV-E $142 - 0

Contacts

Name Title Type
RD1RJ86T2SJ1 Dale Cecil Auditee
2706864239 Rebecca Whitehead Auditor
No contacts on file

Notes to SEFA

Title: 1 Accounting Policies: This schedule includes the federal awards activity of the University and is presented in conformity with U.S. GAAP. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR), Part 200, Uniform Administrative Requirements, Cost Principle, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented or used in the preparation of the basic financial statements. De Minimis Rate Used: N Rate Explanation: None Of the federal expenditures presented in this schedule, the University did not provide any federal awards to sub-recipients.

Finding Details

Finding 2024-001
Criteria or Specific Requirement Special tests and provisions – Student Status Changes Condition Incorrect status was listed for two students on National Student Loan Data System (NSLDS) Context Out of a sample of 26 students that graduated or withdrew with Direct Loans, the University failed to correctly notify NSLDS of two students’ status changes within the 60-day time frame Effect NSLDS was not aware of the status of the impacted students. Cause The University manually reported the status change of one student to NSLDS and it was overridden when the Clearinghouse sent in the batch update. One student did not have a social security number in the system and therEfore was not updated when the batch report was sent in to Clearinghouse. Recommendation The University should establish a review procedure to verify that NSLDS reflects the correct change in student status.
Finding 2024-001
Criteria or Specific Requirement Special tests and provisions – Student Status Changes Condition Incorrect status was listed for two students on National Student Loan Data System (NSLDS) Context Out of a sample of 26 students that graduated or withdrew with Direct Loans, the University failed to correctly notify NSLDS of two students’ status changes within the 60-day time frame Effect NSLDS was not aware of the status of the impacted students. Cause The University manually reported the status change of one student to NSLDS and it was overridden when the Clearinghouse sent in the batch update. One student did not have a social security number in the system and therEfore was not updated when the batch report was sent in to Clearinghouse. Recommendation The University should establish a review procedure to verify that NSLDS reflects the correct change in student status.