FAC Explorer

Audit 32190

FY End
2022-06-30
Total Expended
$26.16M
Findings
4
Programs
11
Organization: North Park University (IL)
Year: 2022 Accepted: 2023-03-14
Auditor: Capincrouse LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
31268 2022-003 Material Weakness Yes N
31269 2022-003 Material Weakness Yes N
607710 2022-003 Material Weakness Yes N
607711 2022-003 Material Weakness Yes N

Programs

ALN Program Spent Major Findings
84.268 Federal Direct Student Loans $12.44M Yes 1
84.063 Federal Pell Grant Program $4.06M Yes 1
84.425 Covid-19 Education Stabilization Fund Heerf - Institutional Portion $3.24M Yes 0
84.425 Covid-19 Education Stabilization Fund Heerf - Student Aid Portion $3.13M Yes 0
84.038 Federal Perkins Loan Program $1.24M Yes 0
84.425 Covid-19 Education Stabilization Fund Heerf - Minority Serviing Institutions $663,032 Yes 0
93.364 Nursing Student Loans $661,352 Yes 0
84.007 Federal Supplemental Educational Opportunity Grants $413,850 Yes 0
84.033 Federal Work-Study Program $123,618 Yes 0
47.076 Stem Education $90,088 - 0
97.036 Covid-19 Disaster Grants - Public Assistance (presidentially Declared Disasters) $58,498 - 0

Contacts

Name Title Type
JEGJJDUV7PQ1 Carolyn Lach Auditee
7732445506 Chris Dukate, CPA Auditor
No contacts on file

Notes to SEFA

Title: RELATIONSHIP TO FINANCIAL STATEMENTS Accounting Policies: The accompanying schedule of expenditures of federal awards (the schedule) includes the federal grant activity of North Park University (University) under programs of the federal government for the year ending June 30, 2022. The information in the schedule is presented in accordance with the requirements of the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in the schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. Expenditures in the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. 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. If the University is required to match certain federal assistance, as defined by the grant agreements, no such matching has been included as expenditures in the schedule. De Minimis Rate Used: Y Rate Explanation: The auditee used the de minimis cost rate. See table in SEFA Note 3.
Title: SUBRECIPIENTS, NON-CASH ASSISTANCE, FEDERAL INSURANCE, LOANS, AND LOAN GUAR Accounting Policies: The accompanying schedule of expenditures of federal awards (the schedule) includes the federal grant activity of North Park University (University) under programs of the federal government for the year ending June 30, 2022. The information in the schedule is presented in accordance with the requirements of the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in the schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. Expenditures in the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. 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. If the University is required to match certain federal assistance, as defined by the grant agreements, no such matching has been included as expenditures in the schedule. De Minimis Rate Used: Y Rate Explanation: The auditee used the de minimis cost rate. The University did not provide any federal funds to subrecipients nor did they receive any federal non-cash assistance, insurance, loans, or loan guarantees.
Title: FEDERAL PERKINS LOAN PROGRAM Accounting Policies: The accompanying schedule of expenditures of federal awards (the schedule) includes the federal grant activity of North Park University (University) under programs of the federal government for the year ending June 30, 2022. The information in the schedule is presented in accordance with the requirements of the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in the schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. Expenditures in the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. 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. If the University is required to match certain federal assistance, as defined by the grant agreements, no such matching has been included as expenditures in the schedule. De Minimis Rate Used: Y Rate Explanation: The auditee used the de minimis cost rate. See table in SEFA Note 5.
Title: NURSING STUDENT LOAN PROGRAM Accounting Policies: The accompanying schedule of expenditures of federal awards (the schedule) includes the federal grant activity of North Park University (University) under programs of the federal government for the year ending June 30, 2022. The information in the schedule is presented in accordance with the requirements of the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in the schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. Expenditures in the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. 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. If the University is required to match certain federal assistance, as defined by the grant agreements, no such matching has been included as expenditures in the schedule. De Minimis Rate Used: Y Rate Explanation: The auditee used the de minimis cost rate. See table in SEFA Note 6.
Title: COVID-19 AMERICAN RESCUE PLAN ACT HEERF FUNDS Accounting Policies: The accompanying schedule of expenditures of federal awards (the schedule) includes the federal grant activity of North Park University (University) under programs of the federal government for the year ending June 30, 2022. The information in the schedule is presented in accordance with the requirements of the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in the schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. Expenditures in the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. 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. If the University is required to match certain federal assistance, as defined by the grant agreements, no such matching has been included as expenditures in the schedule. De Minimis Rate Used: Y Rate Explanation: The auditee used the de minimis cost rate. The American Rescue Plan Act requires that 50% of the funds are to be used for emergency financial aid grants to students. As of June 30, 2022, the University had not yet made the emergency financial aid grant disbursements, however, the University has until June 30, 2023, to meet this requirement and plans to disburse the remaining $186,415 to students in fiscal year 2023.

Finding Details

Finding 2022-003
Enrollment Reporting to National Student Loan Data System (NSLDS) Material Weakness DEPARTMENT OF EDUCATION ALN #: 84.268 and 84.063 Federal Award Identification #: 2021-22 Financial Aid Year Condition: The University did not report enrollment information to the National Student Loan Data System (NSLDS) in a timely and accurate manner. Criteria: 34 CFR 690.83(b) and 34 CFR 685.309 Questioned Costs: $-0- Context: Out of 60 students tested for proper NSLDS enrollment status, 26 students had not been reported to NSLDS, 6 students had graduated but were reported as still attending, 1 student had graduated but was reported as withdrawn to NSLDS, 2 students had not been properly reported as withdrawn to NSLDS, 1 student was still enrolled but was reported as graduated, 1 student was enrolled but was reported as withdrawn, and 3 students were reported with incorrect enrollment status, of which 1 makes a difference in repayment. This results in 37 of 40 incorrect reporting affecting the student?s interest charges and/or grace period. Cause: The registrar?s office was not submitting accurate information timely throughout the year. Effect: Inaccurate reporting can impact a student?s loan grace period, in school deferment eligibility, beginning loan repayments, appropriate interest charges, etc. Identification as repeat finding, if applicable: Yes, 2021-001 Recommendation: We recommend the University work with NSC to identify the underlying cause of the submission issues and to spot check NSLDS after each submission to ensure the reporting is accurate. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.
Finding 2022-003
Enrollment Reporting to National Student Loan Data System (NSLDS) Material Weakness DEPARTMENT OF EDUCATION ALN #: 84.268 and 84.063 Federal Award Identification #: 2021-22 Financial Aid Year Condition: The University did not report enrollment information to the National Student Loan Data System (NSLDS) in a timely and accurate manner. Criteria: 34 CFR 690.83(b) and 34 CFR 685.309 Questioned Costs: $-0- Context: Out of 60 students tested for proper NSLDS enrollment status, 26 students had not been reported to NSLDS, 6 students had graduated but were reported as still attending, 1 student had graduated but was reported as withdrawn to NSLDS, 2 students had not been properly reported as withdrawn to NSLDS, 1 student was still enrolled but was reported as graduated, 1 student was enrolled but was reported as withdrawn, and 3 students were reported with incorrect enrollment status, of which 1 makes a difference in repayment. This results in 37 of 40 incorrect reporting affecting the student?s interest charges and/or grace period. Cause: The registrar?s office was not submitting accurate information timely throughout the year. Effect: Inaccurate reporting can impact a student?s loan grace period, in school deferment eligibility, beginning loan repayments, appropriate interest charges, etc. Identification as repeat finding, if applicable: Yes, 2021-001 Recommendation: We recommend the University work with NSC to identify the underlying cause of the submission issues and to spot check NSLDS after each submission to ensure the reporting is accurate. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.
Finding 2022-003
Enrollment Reporting to National Student Loan Data System (NSLDS) Material Weakness DEPARTMENT OF EDUCATION ALN #: 84.268 and 84.063 Federal Award Identification #: 2021-22 Financial Aid Year Condition: The University did not report enrollment information to the National Student Loan Data System (NSLDS) in a timely and accurate manner. Criteria: 34 CFR 690.83(b) and 34 CFR 685.309 Questioned Costs: $-0- Context: Out of 60 students tested for proper NSLDS enrollment status, 26 students had not been reported to NSLDS, 6 students had graduated but were reported as still attending, 1 student had graduated but was reported as withdrawn to NSLDS, 2 students had not been properly reported as withdrawn to NSLDS, 1 student was still enrolled but was reported as graduated, 1 student was enrolled but was reported as withdrawn, and 3 students were reported with incorrect enrollment status, of which 1 makes a difference in repayment. This results in 37 of 40 incorrect reporting affecting the student?s interest charges and/or grace period. Cause: The registrar?s office was not submitting accurate information timely throughout the year. Effect: Inaccurate reporting can impact a student?s loan grace period, in school deferment eligibility, beginning loan repayments, appropriate interest charges, etc. Identification as repeat finding, if applicable: Yes, 2021-001 Recommendation: We recommend the University work with NSC to identify the underlying cause of the submission issues and to spot check NSLDS after each submission to ensure the reporting is accurate. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.
Finding 2022-003
Enrollment Reporting to National Student Loan Data System (NSLDS) Material Weakness DEPARTMENT OF EDUCATION ALN #: 84.268 and 84.063 Federal Award Identification #: 2021-22 Financial Aid Year Condition: The University did not report enrollment information to the National Student Loan Data System (NSLDS) in a timely and accurate manner. Criteria: 34 CFR 690.83(b) and 34 CFR 685.309 Questioned Costs: $-0- Context: Out of 60 students tested for proper NSLDS enrollment status, 26 students had not been reported to NSLDS, 6 students had graduated but were reported as still attending, 1 student had graduated but was reported as withdrawn to NSLDS, 2 students had not been properly reported as withdrawn to NSLDS, 1 student was still enrolled but was reported as graduated, 1 student was enrolled but was reported as withdrawn, and 3 students were reported with incorrect enrollment status, of which 1 makes a difference in repayment. This results in 37 of 40 incorrect reporting affecting the student?s interest charges and/or grace period. Cause: The registrar?s office was not submitting accurate information timely throughout the year. Effect: Inaccurate reporting can impact a student?s loan grace period, in school deferment eligibility, beginning loan repayments, appropriate interest charges, etc. Identification as repeat finding, if applicable: Yes, 2021-001 Recommendation: We recommend the University work with NSC to identify the underlying cause of the submission issues and to spot check NSLDS after each submission to ensure the reporting is accurate. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.