FAC Explorer

Audit 334430

FY End
2024-06-30
Total Expended
$32.33M
Findings
10
Programs
9
Organization: Husson University (ME)
Year: 2024 Accepted: 2024-12-21
Auditor: Berry Dunn McNeil & Parker LLC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
516521 2024-001 Significant Deficiency - N
516522 2024-001 Significant Deficiency - N
516523 2024-001 Significant Deficiency - N
516524 2024-001 Significant Deficiency - N
516525 2024-001 Significant Deficiency - N
1092963 2024-001 Significant Deficiency - N
1092964 2024-001 Significant Deficiency - N
1092965 2024-001 Significant Deficiency - N
1092966 2024-001 Significant Deficiency - N
1092967 2024-001 Significant Deficiency - N

Programs

ALN Program Spent Major Findings
84.268 Federal Direct Student Loans $24.83M Yes 1
84.063 Federal Pell Grant Program $5.45M Yes 1
84.116 Fund for the Improvement of Postsecondary Education $721,564 - 0
21.027 Coronavirus State and Local Fiscal Recovery Funds $622,300 - 0
84.007 Federal Supplemental Educational Opportunity Grants $296,409 Yes 1
84.033 Federal Work-Study Program $267,885 Yes 1
84.031 Higher Education Institutional Aid $84,593 - 0
10.310 Agriculture and Food Research Initiative (afri) $46,750 - 0
93.264 Nurse Faculty Loan Program (nflp) $16,935 Yes 1

Contacts

Name Title Type
LNGUZA1LBEN9 Thomas Welch Auditee
2079921953 Emily Parker 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. Pass-through entity identifying numbers are presented where available. De Minimis Rate Used: N Rate Explanation: The University has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. Indirect costs allowable by each grant is determined by the grantor and agreed to by the University. The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal grant activity of Husson University (the University) under programs of the federal government for the year ended June 30, 2024. The information in the 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 University, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the University.
Title: Loan Program Balances 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. Pass-through entity identifying numbers are presented where available. De Minimis Rate Used: N Rate Explanation: The University has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. Indirect costs allowable by each grant is determined by the grantor and agreed to by the University. The federal student loan program listed below is administered directly by the University, and balances and transactions relating to this program is included in the University's financial statements. Loans outstanding at the beginning of the year and loans made during the year are included in the federal expenditures presented in the Schedule. The balance of loans outstanding at June 30, 2024, consists of: See the Notes to the SEFA for chart/table.

Finding Details

Finding 2024-001
Programs Affected U.S. Department of Education – Student Financial Assistance Cluster – Award Year July 1, 2023 – June 30, 2024: Criteria Per 2 CFR 200.303: “The non-Federal entity must: Establish and maintain effective internal control over the Federal award that provides reasonable assurance that the non-Federal entity is managing the Federal award in compliance with Federal statutes, regulations, and the terms and conditions of the Federal award.” Condition While testing return of Title IV funds (R2T4), a nonstatistical sample of 25 students was tested for proper return calculations. The University was unable to provide proof of a documented review for 2 of the 25 calculations selected for testing. Cause The University process was to perform a documented review of R2T4 calculations only when a student was determined not to have earned 100% of their aid, and thus the documented review was not completed for the 2 of 25 calculations sampled. Questioned Costs None. Effect Without proper review, an error in the R2T4 calculation could be missed, causing incorrect refunds and non-compliance with regulations. Identification as a Repeat Finding, if Applicable Not applicable. Recommendation BD recommends the process be revised to require review of the R2T4 calculations regardless of determined aid earned percentage. Views of Responsible Officials and Corrective Action Plan Management agrees with the finding. See attached Corrective Action Plan.
Finding 2024-001
Programs Affected U.S. Department of Education – Student Financial Assistance Cluster – Award Year July 1, 2023 – June 30, 2024: Criteria Per 2 CFR 200.303: “The non-Federal entity must: Establish and maintain effective internal control over the Federal award that provides reasonable assurance that the non-Federal entity is managing the Federal award in compliance with Federal statutes, regulations, and the terms and conditions of the Federal award.” Condition While testing return of Title IV funds (R2T4), a nonstatistical sample of 25 students was tested for proper return calculations. The University was unable to provide proof of a documented review for 2 of the 25 calculations selected for testing. Cause The University process was to perform a documented review of R2T4 calculations only when a student was determined not to have earned 100% of their aid, and thus the documented review was not completed for the 2 of 25 calculations sampled. Questioned Costs None. Effect Without proper review, an error in the R2T4 calculation could be missed, causing incorrect refunds and non-compliance with regulations. Identification as a Repeat Finding, if Applicable Not applicable. Recommendation BD recommends the process be revised to require review of the R2T4 calculations regardless of determined aid earned percentage. Views of Responsible Officials and Corrective Action Plan Management agrees with the finding. See attached Corrective Action Plan.
Finding 2024-001
Programs Affected U.S. Department of Education – Student Financial Assistance Cluster – Award Year July 1, 2023 – June 30, 2024: Criteria Per 2 CFR 200.303: “The non-Federal entity must: Establish and maintain effective internal control over the Federal award that provides reasonable assurance that the non-Federal entity is managing the Federal award in compliance with Federal statutes, regulations, and the terms and conditions of the Federal award.” Condition While testing return of Title IV funds (R2T4), a nonstatistical sample of 25 students was tested for proper return calculations. The University was unable to provide proof of a documented review for 2 of the 25 calculations selected for testing. Cause The University process was to perform a documented review of R2T4 calculations only when a student was determined not to have earned 100% of their aid, and thus the documented review was not completed for the 2 of 25 calculations sampled. Questioned Costs None. Effect Without proper review, an error in the R2T4 calculation could be missed, causing incorrect refunds and non-compliance with regulations. Identification as a Repeat Finding, if Applicable Not applicable. Recommendation BD recommends the process be revised to require review of the R2T4 calculations regardless of determined aid earned percentage. Views of Responsible Officials and Corrective Action Plan Management agrees with the finding. See attached Corrective Action Plan.
Finding 2024-001
Programs Affected U.S. Department of Education – Student Financial Assistance Cluster – Award Year July 1, 2023 – June 30, 2024: Criteria Per 2 CFR 200.303: “The non-Federal entity must: Establish and maintain effective internal control over the Federal award that provides reasonable assurance that the non-Federal entity is managing the Federal award in compliance with Federal statutes, regulations, and the terms and conditions of the Federal award.” Condition While testing return of Title IV funds (R2T4), a nonstatistical sample of 25 students was tested for proper return calculations. The University was unable to provide proof of a documented review for 2 of the 25 calculations selected for testing. Cause The University process was to perform a documented review of R2T4 calculations only when a student was determined not to have earned 100% of their aid, and thus the documented review was not completed for the 2 of 25 calculations sampled. Questioned Costs None. Effect Without proper review, an error in the R2T4 calculation could be missed, causing incorrect refunds and non-compliance with regulations. Identification as a Repeat Finding, if Applicable Not applicable. Recommendation BD recommends the process be revised to require review of the R2T4 calculations regardless of determined aid earned percentage. Views of Responsible Officials and Corrective Action Plan Management agrees with the finding. See attached Corrective Action Plan.
Finding 2024-001
Programs Affected U.S. Department of Education – Student Financial Assistance Cluster – Award Year July 1, 2023 – June 30, 2024: Criteria Per 2 CFR 200.303: “The non-Federal entity must: Establish and maintain effective internal control over the Federal award that provides reasonable assurance that the non-Federal entity is managing the Federal award in compliance with Federal statutes, regulations, and the terms and conditions of the Federal award.” Condition While testing return of Title IV funds (R2T4), a nonstatistical sample of 25 students was tested for proper return calculations. The University was unable to provide proof of a documented review for 2 of the 25 calculations selected for testing. Cause The University process was to perform a documented review of R2T4 calculations only when a student was determined not to have earned 100% of their aid, and thus the documented review was not completed for the 2 of 25 calculations sampled. Questioned Costs None. Effect Without proper review, an error in the R2T4 calculation could be missed, causing incorrect refunds and non-compliance with regulations. Identification as a Repeat Finding, if Applicable Not applicable. Recommendation BD recommends the process be revised to require review of the R2T4 calculations regardless of determined aid earned percentage. Views of Responsible Officials and Corrective Action Plan Management agrees with the finding. See attached Corrective Action Plan.
Finding 2024-001
Programs Affected U.S. Department of Education – Student Financial Assistance Cluster – Award Year July 1, 2023 – June 30, 2024: Criteria Per 2 CFR 200.303: “The non-Federal entity must: Establish and maintain effective internal control over the Federal award that provides reasonable assurance that the non-Federal entity is managing the Federal award in compliance with Federal statutes, regulations, and the terms and conditions of the Federal award.” Condition While testing return of Title IV funds (R2T4), a nonstatistical sample of 25 students was tested for proper return calculations. The University was unable to provide proof of a documented review for 2 of the 25 calculations selected for testing. Cause The University process was to perform a documented review of R2T4 calculations only when a student was determined not to have earned 100% of their aid, and thus the documented review was not completed for the 2 of 25 calculations sampled. Questioned Costs None. Effect Without proper review, an error in the R2T4 calculation could be missed, causing incorrect refunds and non-compliance with regulations. Identification as a Repeat Finding, if Applicable Not applicable. Recommendation BD recommends the process be revised to require review of the R2T4 calculations regardless of determined aid earned percentage. Views of Responsible Officials and Corrective Action Plan Management agrees with the finding. See attached Corrective Action Plan.
Finding 2024-001
Programs Affected U.S. Department of Education – Student Financial Assistance Cluster – Award Year July 1, 2023 – June 30, 2024: Criteria Per 2 CFR 200.303: “The non-Federal entity must: Establish and maintain effective internal control over the Federal award that provides reasonable assurance that the non-Federal entity is managing the Federal award in compliance with Federal statutes, regulations, and the terms and conditions of the Federal award.” Condition While testing return of Title IV funds (R2T4), a nonstatistical sample of 25 students was tested for proper return calculations. The University was unable to provide proof of a documented review for 2 of the 25 calculations selected for testing. Cause The University process was to perform a documented review of R2T4 calculations only when a student was determined not to have earned 100% of their aid, and thus the documented review was not completed for the 2 of 25 calculations sampled. Questioned Costs None. Effect Without proper review, an error in the R2T4 calculation could be missed, causing incorrect refunds and non-compliance with regulations. Identification as a Repeat Finding, if Applicable Not applicable. Recommendation BD recommends the process be revised to require review of the R2T4 calculations regardless of determined aid earned percentage. Views of Responsible Officials and Corrective Action Plan Management agrees with the finding. See attached Corrective Action Plan.
Finding 2024-001
Programs Affected U.S. Department of Education – Student Financial Assistance Cluster – Award Year July 1, 2023 – June 30, 2024: Criteria Per 2 CFR 200.303: “The non-Federal entity must: Establish and maintain effective internal control over the Federal award that provides reasonable assurance that the non-Federal entity is managing the Federal award in compliance with Federal statutes, regulations, and the terms and conditions of the Federal award.” Condition While testing return of Title IV funds (R2T4), a nonstatistical sample of 25 students was tested for proper return calculations. The University was unable to provide proof of a documented review for 2 of the 25 calculations selected for testing. Cause The University process was to perform a documented review of R2T4 calculations only when a student was determined not to have earned 100% of their aid, and thus the documented review was not completed for the 2 of 25 calculations sampled. Questioned Costs None. Effect Without proper review, an error in the R2T4 calculation could be missed, causing incorrect refunds and non-compliance with regulations. Identification as a Repeat Finding, if Applicable Not applicable. Recommendation BD recommends the process be revised to require review of the R2T4 calculations regardless of determined aid earned percentage. Views of Responsible Officials and Corrective Action Plan Management agrees with the finding. See attached Corrective Action Plan.
Finding 2024-001
Programs Affected U.S. Department of Education – Student Financial Assistance Cluster – Award Year July 1, 2023 – June 30, 2024: Criteria Per 2 CFR 200.303: “The non-Federal entity must: Establish and maintain effective internal control over the Federal award that provides reasonable assurance that the non-Federal entity is managing the Federal award in compliance with Federal statutes, regulations, and the terms and conditions of the Federal award.” Condition While testing return of Title IV funds (R2T4), a nonstatistical sample of 25 students was tested for proper return calculations. The University was unable to provide proof of a documented review for 2 of the 25 calculations selected for testing. Cause The University process was to perform a documented review of R2T4 calculations only when a student was determined not to have earned 100% of their aid, and thus the documented review was not completed for the 2 of 25 calculations sampled. Questioned Costs None. Effect Without proper review, an error in the R2T4 calculation could be missed, causing incorrect refunds and non-compliance with regulations. Identification as a Repeat Finding, if Applicable Not applicable. Recommendation BD recommends the process be revised to require review of the R2T4 calculations regardless of determined aid earned percentage. Views of Responsible Officials and Corrective Action Plan Management agrees with the finding. See attached Corrective Action Plan.
Finding 2024-001
Programs Affected U.S. Department of Education – Student Financial Assistance Cluster – Award Year July 1, 2023 – June 30, 2024: Criteria Per 2 CFR 200.303: “The non-Federal entity must: Establish and maintain effective internal control over the Federal award that provides reasonable assurance that the non-Federal entity is managing the Federal award in compliance with Federal statutes, regulations, and the terms and conditions of the Federal award.” Condition While testing return of Title IV funds (R2T4), a nonstatistical sample of 25 students was tested for proper return calculations. The University was unable to provide proof of a documented review for 2 of the 25 calculations selected for testing. Cause The University process was to perform a documented review of R2T4 calculations only when a student was determined not to have earned 100% of their aid, and thus the documented review was not completed for the 2 of 25 calculations sampled. Questioned Costs None. Effect Without proper review, an error in the R2T4 calculation could be missed, causing incorrect refunds and non-compliance with regulations. Identification as a Repeat Finding, if Applicable Not applicable. Recommendation BD recommends the process be revised to require review of the R2T4 calculations regardless of determined aid earned percentage. Views of Responsible Officials and Corrective Action Plan Management agrees with the finding. See attached Corrective Action Plan.