FAC Explorer

Audit 330436

FY End
2024-06-30
Total Expended
$18.03M
Findings
4
Programs
17
Organization: Lincoln Land Community College (IL)
Year: 2024 Accepted: 2024-12-02
Auditor: Sikich CPA LLC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
512636 2024-001 - - E
512637 2024-002 Significant Deficiency Yes E
1089078 2024-001 - - E
1089079 2024-002 Significant Deficiency Yes E

Programs

ALN Program Spent Major Findings
84.063 Federal Pell Grant Program $8.24M Yes 1
84.268 Federal Direct Student Loans $5.96M Yes 1
11.307 Economic Adjustment Assistance $858,403 Yes 0
84.048 Career and Technical Education -- Basic Grants to States $519,994 - 0
20.112 Aviation Maintenance Technical Workforce Grant Program $441,156 - 0
93.575 Child Care and Development Block Grant $310,807 Yes 0
84.042 Trio Student Support Services $261,385 - 0
84.007 Federal Supplemental Educational Opportunity Grants $241,250 Yes 0
84.002 Adult Education - Basic Grants to States $89,251 - 0
84.335 Child Care Access Means Parents in School $89,190 - 0
84.033 Federal Work-Study Program $84,085 Yes 0
10.558 Child and Adult Care Food Program $51,706 - 0
14.251 Economic Development Initiative, Community Project Funding, and Miscellaneous Grants $50,793 - 0
17.261 Workforce Data Quality Initiative (wdqi) $37,558 - 0
84.116 Fund for the Improvement of Postsecondary Education $31,491 - 0
20.205 Highway Construction Careers Training Program $23,729 - 0
20.235 Commercial Motor Vehicle Operator Safety Training Grants $22,500 - 0

Contacts

Name Title Type
KN4JX3CSXLY3 Karie Longtha Auditee
2177862263 Ray Krouse Auditor
No contacts on file

Notes to SEFA

Title: Note B - Federal Loan Program Accounting Policies: The accompanying schedule of expenditures of federal awards has been prepared in accordance with accounting principles generally accepted in the United States of America as promulgated by the Governmental Accounting Standards Board (GASB). It is a summary of the activity of the College’s federal awards program prepared on the accrual basis of accounting. Accordingly, expenditures are recognized when the liability has been incurred and revenues are recognized when the qualifying expenditure has been incurred. De Minimis Rate Used: Y Rate Explanation: The College did elect to use the 10% de minimus indirect cost rate. For the year ended June 30, 2024, the College acted as a pass-through agency for Federal Direct Stafford Loans to students in the amount of $5,956,416.
Title: Note C - Other Information Accounting Policies: The accompanying schedule of expenditures of federal awards has been prepared in accordance with accounting principles generally accepted in the United States of America as promulgated by the Governmental Accounting Standards Board (GASB). It is a summary of the activity of the College’s federal awards program prepared on the accrual basis of accounting. Accordingly, expenditures are recognized when the liability has been incurred and revenues are recognized when the qualifying expenditure has been incurred. De Minimis Rate Used: Y Rate Explanation: The College did elect to use the 10% de minimus indirect cost rate. The College did not receive any federal insurance or federal noncash assistance and did not provide any amounts to sub-recipients.

Finding Details

Finding 2024-001
2024-001 Incorrect Pell Disbursement Amount - Student Financial Aid Cluster Assistance Listing Number 84.007, 84.033, 84.063, 84.268, Grant Period - Year Ended June 30, 2024 Criteria: According to 34 CFR 690.63 students may qualify for a maximum Pell Grant award of $7,395 for an award year. The maximum amount is awarded to students with a zero Expected Family Contribution (EFC) and full-time enrollment status. Students with less than full-time enrollment or more than a zero EFC are eligible for a reduced Pell award. Condition: During our student file testing we noted one student out of forty was not disbursed the correct Pell Grant award. Based on the student’s enrollment status and need, the College over awarded the student by $925. We consider this to be an instance of noncompliance relating to the Eligibility Compliance Requirement. Statistical sampling was not used when making sample selections. Questioned Costs: $925 Effect: A student received an incorrect amount of Pell award and was over awarded an amount of $925. Cause: The College’s internal controls did not identify that the incorrect amount of Pell grant was awarded to the student. According to the Department of Education’s Pell matrix chart, the student was over awarded Pell in the amount of $925. Recommendation: We recommend the College closely monitor all student’s enrollment status to ensure all students receive financial aid are disbursed the correct amount. Views of Responsible Officials: Management agrees with this finding and response is included in Corrective Action Plan.
Finding 2024-002
2024-002: Missing Exit Counseling Documentation Student Financial Aid Cluster Assistance Listing Number 84.007, 84.033, 84.063, 84.268, Grant Period – Year Ended June 30, 2024 Criteria: According to 34 CFR section 685.304, an educational institution must ensure that exit counseling is conducted with each Direct Loan student borrower 30 days after the student withdraws from the institution or falls below half-time status. Condition: During our student file testing, we noted four students out of forty did not have documentation in their file that exit counseling was sent thirty days after the student withdrew. We consider the missing exit counseling to be a Significant Deficiency with the Eligibility Compliance Requirement. This is a repeat finding, see Prior Year Audit Findings 2023-002. Statistical sampling was not used when making sample selections. Questioned Costs: $0 Effect: The College did not send out exit counseling on a timely basis after the students withdrew. Cause: The College’s internal controls did not detect the missing exit counseling for the students. Recommendation: We recommend the institution closely monitor all students who are receiving loans to make sure they are sent exit counseling. Views of Responsible Officials: Management agrees with the Single Audit finding and a response is included in the Corrective Action Plan.
Finding 2024-001
2024-001 Incorrect Pell Disbursement Amount - Student Financial Aid Cluster Assistance Listing Number 84.007, 84.033, 84.063, 84.268, Grant Period - Year Ended June 30, 2024 Criteria: According to 34 CFR 690.63 students may qualify for a maximum Pell Grant award of $7,395 for an award year. The maximum amount is awarded to students with a zero Expected Family Contribution (EFC) and full-time enrollment status. Students with less than full-time enrollment or more than a zero EFC are eligible for a reduced Pell award. Condition: During our student file testing we noted one student out of forty was not disbursed the correct Pell Grant award. Based on the student’s enrollment status and need, the College over awarded the student by $925. We consider this to be an instance of noncompliance relating to the Eligibility Compliance Requirement. Statistical sampling was not used when making sample selections. Questioned Costs: $925 Effect: A student received an incorrect amount of Pell award and was over awarded an amount of $925. Cause: The College’s internal controls did not identify that the incorrect amount of Pell grant was awarded to the student. According to the Department of Education’s Pell matrix chart, the student was over awarded Pell in the amount of $925. Recommendation: We recommend the College closely monitor all student’s enrollment status to ensure all students receive financial aid are disbursed the correct amount. Views of Responsible Officials: Management agrees with this finding and response is included in Corrective Action Plan.
Finding 2024-002
2024-002: Missing Exit Counseling Documentation Student Financial Aid Cluster Assistance Listing Number 84.007, 84.033, 84.063, 84.268, Grant Period – Year Ended June 30, 2024 Criteria: According to 34 CFR section 685.304, an educational institution must ensure that exit counseling is conducted with each Direct Loan student borrower 30 days after the student withdraws from the institution or falls below half-time status. Condition: During our student file testing, we noted four students out of forty did not have documentation in their file that exit counseling was sent thirty days after the student withdrew. We consider the missing exit counseling to be a Significant Deficiency with the Eligibility Compliance Requirement. This is a repeat finding, see Prior Year Audit Findings 2023-002. Statistical sampling was not used when making sample selections. Questioned Costs: $0 Effect: The College did not send out exit counseling on a timely basis after the students withdrew. Cause: The College’s internal controls did not detect the missing exit counseling for the students. Recommendation: We recommend the institution closely monitor all students who are receiving loans to make sure they are sent exit counseling. Views of Responsible Officials: Management agrees with the Single Audit finding and a response is included in the Corrective Action Plan.