Audit 328714

FY End
2024-06-30
Total Expended
$6.23M
Findings
12
Programs
6
Organization: Centenary College of Louisiana (LA)
Year: 2024 Accepted: 2024-11-18

Organization Exclusion Status:

Checking exclusion status...

Findings

ID Ref Severity Repeat Requirement
508236 2024-001 - Yes N
508237 2024-001 - Yes N
508238 2024-001 - Yes N
508239 2024-001 - Yes N
508240 2024-002 - - L
508241 2024-002 - - L
1084678 2024-001 - Yes N
1084679 2024-001 - Yes N
1084680 2024-001 - Yes N
1084681 2024-001 - Yes N
1084682 2024-002 - - L
1084683 2024-002 - - L

Programs

ALN Program Spent Major Findings
84.268 Federal Direct Student Loans $4.30M Yes 2
84.063 Federal Pell Grant Program $1.57M Yes 2
84.033 Federal Work-Study Program $142,182 Yes 1
84.038 Federal Perkins Loan Program $136,338 Yes 0
84.007 Federal Supplemental Educational Opportunity Grants $59,278 Yes 1
47.074 Biological Sciences $24,903 - 0

Contacts

Name Title Type
JHPKSRLSJWW3 Robert Blue Auditee
3188695127 Maura Jackson Auditor
No contacts on file

Notes to SEFA

Title: Basis of Presentation Accounting Policies: 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. Negative amounts shown on the Schedule, if any, represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. De Minimis Rate Used: N Rate Explanation: The College has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance. The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Centenary College of Louisiana (College) under programs of the federal government for the year ended June 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 the College, it is not intended to and does not present the financial position, changes in net assets or cash flows of the College.
Title: Federal Loan Programs Accounting Policies: 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. Negative amounts shown on the Schedule, if any, represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. De Minimis Rate Used: N Rate Explanation: The College has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance. The federal loan programs listed subsequently are administered directly by the College, and balances and transactions relating to these programs are included in the College's financial statements. Loans outstanding at the beginning of the year are included in the federal expenditures presented in the Schedule. There were no loans made during the year ended June 30, 2024. The balance of loans outstanding at June 30, 2024, consists of: 84.038 Federal Perkins Loan Program $137,775

Finding Details

Criteria or specific requirement – Special Tests and Provisions – Return of Title IV Funds (34 CFR 668.22(a)(1) through (a)(5) Condition – The College’s internal controls did not ensure the calculation of amounts to be returned to the U.S. Department of Education were correct. Questioned costs - $0 Context – Out of the population of 18 students who withdrew during the year and were awarded federal aid, 3 were selected for testing. Our sampling method was not, and was not intended to be, statistically valid. The amount calculated to be returned for one student due to their withdrawal was incorrect. Effect – More Title IV funds were returned to the U.S. Department of Education than required. Cause – The College’s internal controls did not ensure the calculated amount to be returned was correct. Identification of repeat finding, if applicable – 2023-001 Recommendation –The College should update their controls to ensure each calculation of funds to be returned is correct. Views of responsible officials and planned corrective actions – The Financial Aid Director is responsible for the return of federal funds. The college’s ERP system calculates the return amounts. Although there was no error in the calculation the $6.00 due to the college was returned to the Department of Education. See separate report for planned corrective actions.
Criteria or specific requirement – Special Tests and Provisions – Return of Title IV Funds (34 CFR 668.22(a)(1) through (a)(5) Condition – The College’s internal controls did not ensure the calculation of amounts to be returned to the U.S. Department of Education were correct. Questioned costs - $0 Context – Out of the population of 18 students who withdrew during the year and were awarded federal aid, 3 were selected for testing. Our sampling method was not, and was not intended to be, statistically valid. The amount calculated to be returned for one student due to their withdrawal was incorrect. Effect – More Title IV funds were returned to the U.S. Department of Education than required. Cause – The College’s internal controls did not ensure the calculated amount to be returned was correct. Identification of repeat finding, if applicable – 2023-001 Recommendation –The College should update their controls to ensure each calculation of funds to be returned is correct. Views of responsible officials and planned corrective actions – The Financial Aid Director is responsible for the return of federal funds. The college’s ERP system calculates the return amounts. Although there was no error in the calculation the $6.00 due to the college was returned to the Department of Education. See separate report for planned corrective actions.
Criteria or specific requirement – Special Tests and Provisions – Return of Title IV Funds (34 CFR 668.22(a)(1) through (a)(5) Condition – The College’s internal controls did not ensure the calculation of amounts to be returned to the U.S. Department of Education were correct. Questioned costs - $0 Context – Out of the population of 18 students who withdrew during the year and were awarded federal aid, 3 were selected for testing. Our sampling method was not, and was not intended to be, statistically valid. The amount calculated to be returned for one student due to their withdrawal was incorrect. Effect – More Title IV funds were returned to the U.S. Department of Education than required. Cause – The College’s internal controls did not ensure the calculated amount to be returned was correct. Identification of repeat finding, if applicable – 2023-001 Recommendation –The College should update their controls to ensure each calculation of funds to be returned is correct. Views of responsible officials and planned corrective actions – The Financial Aid Director is responsible for the return of federal funds. The college’s ERP system calculates the return amounts. Although there was no error in the calculation the $6.00 due to the college was returned to the Department of Education. See separate report for planned corrective actions.
Criteria or specific requirement – Special Tests and Provisions – Return of Title IV Funds (34 CFR 668.22(a)(1) through (a)(5) Condition – The College’s internal controls did not ensure the calculation of amounts to be returned to the U.S. Department of Education were correct. Questioned costs - $0 Context – Out of the population of 18 students who withdrew during the year and were awarded federal aid, 3 were selected for testing. Our sampling method was not, and was not intended to be, statistically valid. The amount calculated to be returned for one student due to their withdrawal was incorrect. Effect – More Title IV funds were returned to the U.S. Department of Education than required. Cause – The College’s internal controls did not ensure the calculated amount to be returned was correct. Identification of repeat finding, if applicable – 2023-001 Recommendation –The College should update their controls to ensure each calculation of funds to be returned is correct. Views of responsible officials and planned corrective actions – The Financial Aid Director is responsible for the return of federal funds. The college’s ERP system calculates the return amounts. Although there was no error in the calculation the $6.00 due to the college was returned to the Department of Education. See separate report for planned corrective actions.
Criteria or specific requirement – Reporting – According to 34 CFR 690.83, Dear Colleague Letter Gen 13-13, and Federal Register Volume 84, Number 212, November 1, 2019 an institution must submit Pell and Direct Loan origination records and disbursement records to the Common Origination and Disbursement (COD) in timely and accurate manner. Condition – Cost of attendance per the College’s system did not agree with the reported cost of attendance reported per COD records. Questioned costs - $0 Context – Out of the population of 502 students who received $6,223,012 of federal aid, a sample of 25 students who received $290,966 of federal aid were selected. Of the 25 students selected, the College reported cost of attendance incorrectly for 2 students’ Pell awards. Our sampling method was not, and was not intended to be, statistically valid. Effect – The College did not report accurate data to COD. Cause – Lack of detailed reconciliation of student origination records to data provided to COD. Identification of repeat finding, if applicable – N/A Recommendation –The College should review and update its processes for reporting information to COD. Views of responsible officials and planned corrective actions – The Financial Aid Director establishes aid budgets for various student groups. These budgets are entered in the college’s ERP system and a Pell origination record is established and sent to COD. A previous upgrade that seems to have only affected students enrolled in one term caused a difference in the COA and COD database. This defect has been resolved with the recent upgrade. See separate report for planned corrective actions.
Criteria or specific requirement – Reporting – According to 34 CFR 690.83, Dear Colleague Letter Gen 13-13, and Federal Register Volume 84, Number 212, November 1, 2019 an institution must submit Pell and Direct Loan origination records and disbursement records to the Common Origination and Disbursement (COD) in timely and accurate manner. Condition – Cost of attendance per the College’s system did not agree with the reported cost of attendance reported per COD records. Questioned costs - $0 Context – Out of the population of 502 students who received $6,223,012 of federal aid, a sample of 25 students who received $290,966 of federal aid were selected. Of the 25 students selected, the College reported cost of attendance incorrectly for 2 students’ Pell awards. Our sampling method was not, and was not intended to be, statistically valid. Effect – The College did not report accurate data to COD. Cause – Lack of detailed reconciliation of student origination records to data provided to COD. Identification of repeat finding, if applicable – N/A Recommendation –The College should review and update its processes for reporting information to COD. Views of responsible officials and planned corrective actions – The Financial Aid Director establishes aid budgets for various student groups. These budgets are entered in the college’s ERP system and a Pell origination record is established and sent to COD. A previous upgrade that seems to have only affected students enrolled in one term caused a difference in the COA and COD database. This defect has been resolved with the recent upgrade. See separate report for planned corrective actions.
Criteria or specific requirement – Special Tests and Provisions – Return of Title IV Funds (34 CFR 668.22(a)(1) through (a)(5) Condition – The College’s internal controls did not ensure the calculation of amounts to be returned to the U.S. Department of Education were correct. Questioned costs - $0 Context – Out of the population of 18 students who withdrew during the year and were awarded federal aid, 3 were selected for testing. Our sampling method was not, and was not intended to be, statistically valid. The amount calculated to be returned for one student due to their withdrawal was incorrect. Effect – More Title IV funds were returned to the U.S. Department of Education than required. Cause – The College’s internal controls did not ensure the calculated amount to be returned was correct. Identification of repeat finding, if applicable – 2023-001 Recommendation –The College should update their controls to ensure each calculation of funds to be returned is correct. Views of responsible officials and planned corrective actions – The Financial Aid Director is responsible for the return of federal funds. The college’s ERP system calculates the return amounts. Although there was no error in the calculation the $6.00 due to the college was returned to the Department of Education. See separate report for planned corrective actions.
Criteria or specific requirement – Special Tests and Provisions – Return of Title IV Funds (34 CFR 668.22(a)(1) through (a)(5) Condition – The College’s internal controls did not ensure the calculation of amounts to be returned to the U.S. Department of Education were correct. Questioned costs - $0 Context – Out of the population of 18 students who withdrew during the year and were awarded federal aid, 3 were selected for testing. Our sampling method was not, and was not intended to be, statistically valid. The amount calculated to be returned for one student due to their withdrawal was incorrect. Effect – More Title IV funds were returned to the U.S. Department of Education than required. Cause – The College’s internal controls did not ensure the calculated amount to be returned was correct. Identification of repeat finding, if applicable – 2023-001 Recommendation –The College should update their controls to ensure each calculation of funds to be returned is correct. Views of responsible officials and planned corrective actions – The Financial Aid Director is responsible for the return of federal funds. The college’s ERP system calculates the return amounts. Although there was no error in the calculation the $6.00 due to the college was returned to the Department of Education. See separate report for planned corrective actions.
Criteria or specific requirement – Special Tests and Provisions – Return of Title IV Funds (34 CFR 668.22(a)(1) through (a)(5) Condition – The College’s internal controls did not ensure the calculation of amounts to be returned to the U.S. Department of Education were correct. Questioned costs - $0 Context – Out of the population of 18 students who withdrew during the year and were awarded federal aid, 3 were selected for testing. Our sampling method was not, and was not intended to be, statistically valid. The amount calculated to be returned for one student due to their withdrawal was incorrect. Effect – More Title IV funds were returned to the U.S. Department of Education than required. Cause – The College’s internal controls did not ensure the calculated amount to be returned was correct. Identification of repeat finding, if applicable – 2023-001 Recommendation –The College should update their controls to ensure each calculation of funds to be returned is correct. Views of responsible officials and planned corrective actions – The Financial Aid Director is responsible for the return of federal funds. The college’s ERP system calculates the return amounts. Although there was no error in the calculation the $6.00 due to the college was returned to the Department of Education. See separate report for planned corrective actions.
Criteria or specific requirement – Special Tests and Provisions – Return of Title IV Funds (34 CFR 668.22(a)(1) through (a)(5) Condition – The College’s internal controls did not ensure the calculation of amounts to be returned to the U.S. Department of Education were correct. Questioned costs - $0 Context – Out of the population of 18 students who withdrew during the year and were awarded federal aid, 3 were selected for testing. Our sampling method was not, and was not intended to be, statistically valid. The amount calculated to be returned for one student due to their withdrawal was incorrect. Effect – More Title IV funds were returned to the U.S. Department of Education than required. Cause – The College’s internal controls did not ensure the calculated amount to be returned was correct. Identification of repeat finding, if applicable – 2023-001 Recommendation –The College should update their controls to ensure each calculation of funds to be returned is correct. Views of responsible officials and planned corrective actions – The Financial Aid Director is responsible for the return of federal funds. The college’s ERP system calculates the return amounts. Although there was no error in the calculation the $6.00 due to the college was returned to the Department of Education. See separate report for planned corrective actions.
Criteria or specific requirement – Reporting – According to 34 CFR 690.83, Dear Colleague Letter Gen 13-13, and Federal Register Volume 84, Number 212, November 1, 2019 an institution must submit Pell and Direct Loan origination records and disbursement records to the Common Origination and Disbursement (COD) in timely and accurate manner. Condition – Cost of attendance per the College’s system did not agree with the reported cost of attendance reported per COD records. Questioned costs - $0 Context – Out of the population of 502 students who received $6,223,012 of federal aid, a sample of 25 students who received $290,966 of federal aid were selected. Of the 25 students selected, the College reported cost of attendance incorrectly for 2 students’ Pell awards. Our sampling method was not, and was not intended to be, statistically valid. Effect – The College did not report accurate data to COD. Cause – Lack of detailed reconciliation of student origination records to data provided to COD. Identification of repeat finding, if applicable – N/A Recommendation –The College should review and update its processes for reporting information to COD. Views of responsible officials and planned corrective actions – The Financial Aid Director establishes aid budgets for various student groups. These budgets are entered in the college’s ERP system and a Pell origination record is established and sent to COD. A previous upgrade that seems to have only affected students enrolled in one term caused a difference in the COA and COD database. This defect has been resolved with the recent upgrade. See separate report for planned corrective actions.
Criteria or specific requirement – Reporting – According to 34 CFR 690.83, Dear Colleague Letter Gen 13-13, and Federal Register Volume 84, Number 212, November 1, 2019 an institution must submit Pell and Direct Loan origination records and disbursement records to the Common Origination and Disbursement (COD) in timely and accurate manner. Condition – Cost of attendance per the College’s system did not agree with the reported cost of attendance reported per COD records. Questioned costs - $0 Context – Out of the population of 502 students who received $6,223,012 of federal aid, a sample of 25 students who received $290,966 of federal aid were selected. Of the 25 students selected, the College reported cost of attendance incorrectly for 2 students’ Pell awards. Our sampling method was not, and was not intended to be, statistically valid. Effect – The College did not report accurate data to COD. Cause – Lack of detailed reconciliation of student origination records to data provided to COD. Identification of repeat finding, if applicable – N/A Recommendation –The College should review and update its processes for reporting information to COD. Views of responsible officials and planned corrective actions – The Financial Aid Director establishes aid budgets for various student groups. These budgets are entered in the college’s ERP system and a Pell origination record is established and sent to COD. A previous upgrade that seems to have only affected students enrolled in one term caused a difference in the COA and COD database. This defect has been resolved with the recent upgrade. See separate report for planned corrective actions.