FAC Explorer

Audit 322507

FY End
2024-04-30
Total Expended
$15.13M
Findings
8
Programs
10
Organization: University of Saint Francis (IN)
Year: 2024 Accepted: 2024-09-30
Auditor: Forvis Mazars LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
499625 2024-001 Significant Deficiency - N
499626 2024-001 Significant Deficiency - N
499627 2024-001 Significant Deficiency - N
499628 2024-001 Significant Deficiency - N
1076067 2024-001 Significant Deficiency - N
1076068 2024-001 Significant Deficiency - N
1076069 2024-001 Significant Deficiency - N
1076070 2024-001 Significant Deficiency - N

Programs

ALN Program Spent Major Findings
84.268 Federal Direct Student Loans $10.49M Yes 1
84.063 Federal Pell Grant Program $3.62M Yes 1
84.042 Trio_student Support Services $324,925 - 0
11.307 Economic Adjustment Assistance $216,139 - 0
84.007 Federal Supplemental Educational Opportunity Grants $147,252 Yes 1
84.033 Federal Work-Study Program $128,082 Yes 1
16.525 Grants to Reduce Domestic Violence, Dating Violence, Sexual Assault, and Stalking on Campus $101,860 - 0
84.031 Strengthening Institutions Programs $58,793 - 0
45.024 Jesters - Total National Endowment for Arts $25,000 - 0
93.493 Congressional Directives $10,244 - 0

Contacts

Name Title Type
NQ15CKXYWSR7 Craig Teetsel Auditee
2603997700 Gary Bishop Auditor
No contacts on file

Notes to SEFA

Title: Note 4 - Subrecipients Accounting Policies: The accompanying schedule of expenditures of federal awards (Schedule) includes the federal award activity of University of Saint Francis (University) under programs of the federal government for the year ended April 30, 2024. 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 University of Saint Francis, it is not intended to and does not present the financial position, changes in net assets or cash flows of University of Saint Francis. Expenditures reported on 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. De Minimis Rate Used: N Rate Explanation: University of Saint Francis has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. There were no subrecipients during the year ended April 30, 2024

Finding Details

Finding 2024-001
Federal Agency –Department of Education, Student Financial Assistance Cluster, Federal Supplemental Educational Opportunity Grants, Assistance Listing Number 84.007; Federal Work Study Program, Assistance Listing Number 84.033; Federal Pell Grant Program, Assistance Listing Number 84.063; Federal Direct Loan Program, Assistance Listing Number 84.268. Federal Award Program Year – May 1, 2023 – April 30, 2024 Criteria or Specific Requirement – Special Tests and Provisions – Return of Funds – When a recipient of Title IV grant or loan assistance withdraws from an institution during a payment period of enrollment in which the recipient began attendance, the institution must determine the amount of Title IV aid earned by the student as of the student’s withdrawal date. If the total amount of Title IV assistance earned by the student is less than the amount that was disbursed to the student on his or her behalf as of the date of the institution’s determintation that the student withdrew, the difference must be returned to the Title IV programs as outlined in this section and no additional disbursements may be made to the student for the payment period or period of enrollment (34 CFR Sections 668.22(a)(1)-(3)). Condition – While the earned percentage was appropriately calculated and determined, an incorrect amount of funds was returned. Questioned Costs – $1,381 Context – Out of a population of 38 calculations performed during the examination period, an incorrect amount was returned to the Department of Education for two students due to a discrepancy in the amount of disbursed or available aid. For one additional student, the amount of the return was calculated correctly, but the funds were never returned. We tested all calculations in the population. Cause – The amount of aid originally disbursed was documented incorrectly, or missing communication between the financial aid and business offices. Effect – The University returned the incorrect amount of funds to the Department of Education. Identification as a Repeat Finding – N/A Recommendation – We recommend that the University be diligent in performing secondary reviews to ensure the calculations are performed correctly and funds are adequately returned.
Finding 2024-001
Federal Agency –Department of Education, Student Financial Assistance Cluster, Federal Supplemental Educational Opportunity Grants, Assistance Listing Number 84.007; Federal Work Study Program, Assistance Listing Number 84.033; Federal Pell Grant Program, Assistance Listing Number 84.063; Federal Direct Loan Program, Assistance Listing Number 84.268. Federal Award Program Year – May 1, 2023 – April 30, 2024 Criteria or Specific Requirement – Special Tests and Provisions – Return of Funds – When a recipient of Title IV grant or loan assistance withdraws from an institution during a payment period of enrollment in which the recipient began attendance, the institution must determine the amount of Title IV aid earned by the student as of the student’s withdrawal date. If the total amount of Title IV assistance earned by the student is less than the amount that was disbursed to the student on his or her behalf as of the date of the institution’s determintation that the student withdrew, the difference must be returned to the Title IV programs as outlined in this section and no additional disbursements may be made to the student for the payment period or period of enrollment (34 CFR Sections 668.22(a)(1)-(3)). Condition – While the earned percentage was appropriately calculated and determined, an incorrect amount of funds was returned. Questioned Costs – $1,381 Context – Out of a population of 38 calculations performed during the examination period, an incorrect amount was returned to the Department of Education for two students due to a discrepancy in the amount of disbursed or available aid. For one additional student, the amount of the return was calculated correctly, but the funds were never returned. We tested all calculations in the population. Cause – The amount of aid originally disbursed was documented incorrectly, or missing communication between the financial aid and business offices. Effect – The University returned the incorrect amount of funds to the Department of Education. Identification as a Repeat Finding – N/A Recommendation – We recommend that the University be diligent in performing secondary reviews to ensure the calculations are performed correctly and funds are adequately returned.
Finding 2024-001
Federal Agency –Department of Education, Student Financial Assistance Cluster, Federal Supplemental Educational Opportunity Grants, Assistance Listing Number 84.007; Federal Work Study Program, Assistance Listing Number 84.033; Federal Pell Grant Program, Assistance Listing Number 84.063; Federal Direct Loan Program, Assistance Listing Number 84.268. Federal Award Program Year – May 1, 2023 – April 30, 2024 Criteria or Specific Requirement – Special Tests and Provisions – Return of Funds – When a recipient of Title IV grant or loan assistance withdraws from an institution during a payment period of enrollment in which the recipient began attendance, the institution must determine the amount of Title IV aid earned by the student as of the student’s withdrawal date. If the total amount of Title IV assistance earned by the student is less than the amount that was disbursed to the student on his or her behalf as of the date of the institution’s determintation that the student withdrew, the difference must be returned to the Title IV programs as outlined in this section and no additional disbursements may be made to the student for the payment period or period of enrollment (34 CFR Sections 668.22(a)(1)-(3)). Condition – While the earned percentage was appropriately calculated and determined, an incorrect amount of funds was returned. Questioned Costs – $1,381 Context – Out of a population of 38 calculations performed during the examination period, an incorrect amount was returned to the Department of Education for two students due to a discrepancy in the amount of disbursed or available aid. For one additional student, the amount of the return was calculated correctly, but the funds were never returned. We tested all calculations in the population. Cause – The amount of aid originally disbursed was documented incorrectly, or missing communication between the financial aid and business offices. Effect – The University returned the incorrect amount of funds to the Department of Education. Identification as a Repeat Finding – N/A Recommendation – We recommend that the University be diligent in performing secondary reviews to ensure the calculations are performed correctly and funds are adequately returned.
Finding 2024-001
Federal Agency –Department of Education, Student Financial Assistance Cluster, Federal Supplemental Educational Opportunity Grants, Assistance Listing Number 84.007; Federal Work Study Program, Assistance Listing Number 84.033; Federal Pell Grant Program, Assistance Listing Number 84.063; Federal Direct Loan Program, Assistance Listing Number 84.268. Federal Award Program Year – May 1, 2023 – April 30, 2024 Criteria or Specific Requirement – Special Tests and Provisions – Return of Funds – When a recipient of Title IV grant or loan assistance withdraws from an institution during a payment period of enrollment in which the recipient began attendance, the institution must determine the amount of Title IV aid earned by the student as of the student’s withdrawal date. If the total amount of Title IV assistance earned by the student is less than the amount that was disbursed to the student on his or her behalf as of the date of the institution’s determintation that the student withdrew, the difference must be returned to the Title IV programs as outlined in this section and no additional disbursements may be made to the student for the payment period or period of enrollment (34 CFR Sections 668.22(a)(1)-(3)). Condition – While the earned percentage was appropriately calculated and determined, an incorrect amount of funds was returned. Questioned Costs – $1,381 Context – Out of a population of 38 calculations performed during the examination period, an incorrect amount was returned to the Department of Education for two students due to a discrepancy in the amount of disbursed or available aid. For one additional student, the amount of the return was calculated correctly, but the funds were never returned. We tested all calculations in the population. Cause – The amount of aid originally disbursed was documented incorrectly, or missing communication between the financial aid and business offices. Effect – The University returned the incorrect amount of funds to the Department of Education. Identification as a Repeat Finding – N/A Recommendation – We recommend that the University be diligent in performing secondary reviews to ensure the calculations are performed correctly and funds are adequately returned.
Finding 2024-001
Federal Agency –Department of Education, Student Financial Assistance Cluster, Federal Supplemental Educational Opportunity Grants, Assistance Listing Number 84.007; Federal Work Study Program, Assistance Listing Number 84.033; Federal Pell Grant Program, Assistance Listing Number 84.063; Federal Direct Loan Program, Assistance Listing Number 84.268. Federal Award Program Year – May 1, 2023 – April 30, 2024 Criteria or Specific Requirement – Special Tests and Provisions – Return of Funds – When a recipient of Title IV grant or loan assistance withdraws from an institution during a payment period of enrollment in which the recipient began attendance, the institution must determine the amount of Title IV aid earned by the student as of the student’s withdrawal date. If the total amount of Title IV assistance earned by the student is less than the amount that was disbursed to the student on his or her behalf as of the date of the institution’s determintation that the student withdrew, the difference must be returned to the Title IV programs as outlined in this section and no additional disbursements may be made to the student for the payment period or period of enrollment (34 CFR Sections 668.22(a)(1)-(3)). Condition – While the earned percentage was appropriately calculated and determined, an incorrect amount of funds was returned. Questioned Costs – $1,381 Context – Out of a population of 38 calculations performed during the examination period, an incorrect amount was returned to the Department of Education for two students due to a discrepancy in the amount of disbursed or available aid. For one additional student, the amount of the return was calculated correctly, but the funds were never returned. We tested all calculations in the population. Cause – The amount of aid originally disbursed was documented incorrectly, or missing communication between the financial aid and business offices. Effect – The University returned the incorrect amount of funds to the Department of Education. Identification as a Repeat Finding – N/A Recommendation – We recommend that the University be diligent in performing secondary reviews to ensure the calculations are performed correctly and funds are adequately returned.
Finding 2024-001
Federal Agency –Department of Education, Student Financial Assistance Cluster, Federal Supplemental Educational Opportunity Grants, Assistance Listing Number 84.007; Federal Work Study Program, Assistance Listing Number 84.033; Federal Pell Grant Program, Assistance Listing Number 84.063; Federal Direct Loan Program, Assistance Listing Number 84.268. Federal Award Program Year – May 1, 2023 – April 30, 2024 Criteria or Specific Requirement – Special Tests and Provisions – Return of Funds – When a recipient of Title IV grant or loan assistance withdraws from an institution during a payment period of enrollment in which the recipient began attendance, the institution must determine the amount of Title IV aid earned by the student as of the student’s withdrawal date. If the total amount of Title IV assistance earned by the student is less than the amount that was disbursed to the student on his or her behalf as of the date of the institution’s determintation that the student withdrew, the difference must be returned to the Title IV programs as outlined in this section and no additional disbursements may be made to the student for the payment period or period of enrollment (34 CFR Sections 668.22(a)(1)-(3)). Condition – While the earned percentage was appropriately calculated and determined, an incorrect amount of funds was returned. Questioned Costs – $1,381 Context – Out of a population of 38 calculations performed during the examination period, an incorrect amount was returned to the Department of Education for two students due to a discrepancy in the amount of disbursed or available aid. For one additional student, the amount of the return was calculated correctly, but the funds were never returned. We tested all calculations in the population. Cause – The amount of aid originally disbursed was documented incorrectly, or missing communication between the financial aid and business offices. Effect – The University returned the incorrect amount of funds to the Department of Education. Identification as a Repeat Finding – N/A Recommendation – We recommend that the University be diligent in performing secondary reviews to ensure the calculations are performed correctly and funds are adequately returned.
Finding 2024-001
Federal Agency –Department of Education, Student Financial Assistance Cluster, Federal Supplemental Educational Opportunity Grants, Assistance Listing Number 84.007; Federal Work Study Program, Assistance Listing Number 84.033; Federal Pell Grant Program, Assistance Listing Number 84.063; Federal Direct Loan Program, Assistance Listing Number 84.268. Federal Award Program Year – May 1, 2023 – April 30, 2024 Criteria or Specific Requirement – Special Tests and Provisions – Return of Funds – When a recipient of Title IV grant or loan assistance withdraws from an institution during a payment period of enrollment in which the recipient began attendance, the institution must determine the amount of Title IV aid earned by the student as of the student’s withdrawal date. If the total amount of Title IV assistance earned by the student is less than the amount that was disbursed to the student on his or her behalf as of the date of the institution’s determintation that the student withdrew, the difference must be returned to the Title IV programs as outlined in this section and no additional disbursements may be made to the student for the payment period or period of enrollment (34 CFR Sections 668.22(a)(1)-(3)). Condition – While the earned percentage was appropriately calculated and determined, an incorrect amount of funds was returned. Questioned Costs – $1,381 Context – Out of a population of 38 calculations performed during the examination period, an incorrect amount was returned to the Department of Education for two students due to a discrepancy in the amount of disbursed or available aid. For one additional student, the amount of the return was calculated correctly, but the funds were never returned. We tested all calculations in the population. Cause – The amount of aid originally disbursed was documented incorrectly, or missing communication between the financial aid and business offices. Effect – The University returned the incorrect amount of funds to the Department of Education. Identification as a Repeat Finding – N/A Recommendation – We recommend that the University be diligent in performing secondary reviews to ensure the calculations are performed correctly and funds are adequately returned.
Finding 2024-001
Federal Agency –Department of Education, Student Financial Assistance Cluster, Federal Supplemental Educational Opportunity Grants, Assistance Listing Number 84.007; Federal Work Study Program, Assistance Listing Number 84.033; Federal Pell Grant Program, Assistance Listing Number 84.063; Federal Direct Loan Program, Assistance Listing Number 84.268. Federal Award Program Year – May 1, 2023 – April 30, 2024 Criteria or Specific Requirement – Special Tests and Provisions – Return of Funds – When a recipient of Title IV grant or loan assistance withdraws from an institution during a payment period of enrollment in which the recipient began attendance, the institution must determine the amount of Title IV aid earned by the student as of the student’s withdrawal date. If the total amount of Title IV assistance earned by the student is less than the amount that was disbursed to the student on his or her behalf as of the date of the institution’s determintation that the student withdrew, the difference must be returned to the Title IV programs as outlined in this section and no additional disbursements may be made to the student for the payment period or period of enrollment (34 CFR Sections 668.22(a)(1)-(3)). Condition – While the earned percentage was appropriately calculated and determined, an incorrect amount of funds was returned. Questioned Costs – $1,381 Context – Out of a population of 38 calculations performed during the examination period, an incorrect amount was returned to the Department of Education for two students due to a discrepancy in the amount of disbursed or available aid. For one additional student, the amount of the return was calculated correctly, but the funds were never returned. We tested all calculations in the population. Cause – The amount of aid originally disbursed was documented incorrectly, or missing communication between the financial aid and business offices. Effect – The University returned the incorrect amount of funds to the Department of Education. Identification as a Repeat Finding – N/A Recommendation – We recommend that the University be diligent in performing secondary reviews to ensure the calculations are performed correctly and funds are adequately returned.