FAC Explorer

Audit 332825

FY End
2024-06-30
Total Expended
$27.46M
Findings
2
Programs
11
Organization: University of Mary (ND)
Year: 2024 Accepted: 2024-12-16
Auditor: Eide Bailly LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
514471 2024-001 Significant Deficiency - L
1090913 2024-001 Significant Deficiency - L

Programs

ALN Program Spent Major Findings
84.268 Federal Direct Student Loans $19.73M Yes 0
84.063 Federal Pell Grant Program $3.18M Yes 0
97.047 Bric: Building Resilient Infrastructure and Communities $1.48M Yes 1
84.184 School Safely National Activities $1.14M Yes 0
84.299 Indian Education -- Special Programs for Indian Children $861,477 - 0
84.042 Trio Student Support Services $354,325 - 0
84.033 Federal Work-Study Program $242,241 Yes 0
84.007 Federal Supplemental Educational Opportunity Grants $205,937 Yes 0
93.859 Biomedical Research and Research Training $183,982 - 0
93.364 Nursing Student Loans $70,246 Yes 0
84.379 Teacher Education Assistance for College and Higher Education Grants (teach Grants) $7,544 Yes 0

Contacts

Name Title Type
GRBNDZS97TB9 Brent Winiger Auditee
7012557500 Tara Engquist Auditor
No contacts on file

Notes to SEFA

Title: NOTE A BASIS OF PRESENTATION Accounting Policies: Note B – Significant Accounting Policies Expenditures reported in the schedule are reported on the accrual basis of accounting. When applicable, 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. No federal financial assistance has been provided to a subrecipient. De Minimis Rate Used: N Rate Explanation: Note C – Indirect Cost Rate The University has not elected to use the 10% de minimis cost rate. The accompanying schedule of expenditures of federal awards (the schedule) includes the federal award activity of the University of Mary (the University) under programs of the federal government for the year ended June 30, 2024. The information 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 University of Mary, it is not intended to, and does not, present the financial position, changes in net assets, or cash flows of the University of Mary.
Title: NOTE D FEDERAL STUDENT LOAN PROGRAMS Accounting Policies: Note B – Significant Accounting Policies Expenditures reported in the schedule are reported on the accrual basis of accounting. When applicable, 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. No federal financial assistance has been provided to a subrecipient. De Minimis Rate Used: N Rate Explanation: Note C – Indirect Cost Rate The University has not elected to use the 10% de minimis cost rate. The federal student loan programs listed subsequently are administered directly by the University of Mary and the balances and transactions relating to these programs are included in the University of Mary’s basic financial statements. Loans made during the year are included in the federal expenditures presented in the schedule. At June 30, 2024, the loan receivable balances for the Nursing Student Loan Program totaled $65,696.

Finding Details

Finding 2024-001
U.S. Department of Homeland Security Assistance Listing # 97.047 2021 Award Year, Award Number: PDMV-PJ-08-ND-2018-003 Building Resilient Infrastructure and Communities Reporting Significant Deficiency in Internal Control over Compliance Criteria: Quarterly reports are required under the grant agreement to be submitted to the State of North Dakota. Condition: There was no documented control in place to review reports prior to submission for the grant program. Cause: Review controls have not been implemented. The quarterly reports are completed by an outside consultant based on information provided by the University of Mary and submitted to the State without a review process. Effect: Inaccurate information could have been reported or lines with required information could have been missed. Questioned Costs: None. Context/Sampling: We tested 2 of the 4 quarters for the fiscal year 2024. Repeat Finding from Prior Year(s): No Recommendation: We recommend a documented review process be implemented prior to report submission to ensure all lines are properly entered and agree to the applicable backup. Views of Responsible Officials: Management agrees with the finding.
Finding 2024-001
U.S. Department of Homeland Security Assistance Listing # 97.047 2021 Award Year, Award Number: PDMV-PJ-08-ND-2018-003 Building Resilient Infrastructure and Communities Reporting Significant Deficiency in Internal Control over Compliance Criteria: Quarterly reports are required under the grant agreement to be submitted to the State of North Dakota. Condition: There was no documented control in place to review reports prior to submission for the grant program. Cause: Review controls have not been implemented. The quarterly reports are completed by an outside consultant based on information provided by the University of Mary and submitted to the State without a review process. Effect: Inaccurate information could have been reported or lines with required information could have been missed. Questioned Costs: None. Context/Sampling: We tested 2 of the 4 quarters for the fiscal year 2024. Repeat Finding from Prior Year(s): No Recommendation: We recommend a documented review process be implemented prior to report submission to ensure all lines are properly entered and agree to the applicable backup. Views of Responsible Officials: Management agrees with the finding.