FAC Explorer

Audit 33588

FY End
2022-06-30
Total Expended
$11.43M
Findings
6
Programs
5
Organization: University of Holy Cross (LA)
Year: 2022 Accepted: 2023-02-26
Auditor: Postlethwaite & Netterville

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
35127 2022-001 Significant Deficiency - L
35128 2022-001 Significant Deficiency - L
35129 2022-001 Significant Deficiency - L
611569 2022-001 Significant Deficiency - L
611570 2022-001 Significant Deficiency - L
611571 2022-001 Significant Deficiency - L

Programs

ALN Program Spent Major Findings
84.268 Federal Direct Student Loans $7.60M Yes 0
84.063 Federal Pell Grant Program $1.17M Yes 0
84.007 Federal Supplemental Educational Opportunity Grants $90,972 Yes 0
84.033 Federal Work-Study Program $42,212 Yes 0
84.425 Education Stabilization Fund $30,635 Yes 1

Contacts

Name Title Type
P2BZGDPNNQ41 Mandy Rogers Auditee
5043982257 Rodney Combs Auditor
No contacts on file

Notes to SEFA

Title: Amounts Passed Through to Subrecipients Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) presents the activity of the federal financial awards program of the University of Holy Cross (the University). 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). The Universitys reporting entity is defined in Note 1 to the financial statements for the year ended June 30, 2022. All federal financial awards have been included on the Schedule. The accompanying Schedule of Expenditures of Federal Awards is presented using the accrual basis of accounting, which is described in Note 2 to the Universitys financial statements for the year ended June 30, 2022. De Minimis Rate Used: N Rate Explanation: The University has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The University did not pass through any federal funding to subrecipients.

Finding Details

Finding 2022-001
2022-001 Special Reporting U.S. Department of Education 84.425E, 84.425F, 84.425M COVID-19 - Higher Education Emergency Relief Fund (HEERF 2021-2022 Award Year Questioned Costs: None Criteria: The U.S. Department of Education sets the criteria for HEERF Annual Performance Reports (APRs). This report is due annually from HEERF grantees. Annual Reports must be submitted and reviewed within a certain timeframe set by the U.S. Department of Education. Universe / Population: The universe / population is one Annual Report submitted during the fiscal year ended June 30, 2022. P&N selected the one Annual Report for testing of reporting compliance requirements applicable to the program. Condition: The University did not submit the January 1, 2021 through December 31, 2021 Annual Report by the grantee submission deadline. The annual report had a submission deadline of May 6, 2022 and was submitted on May 11, 2022. Cause: The University lacks an established control monitoring timely submission of Annual Reports. Effect: Failure to comply with the reporting requirements may result in sanctions, including: losing access to HEERF grant funds as a result of the grantee?s noncompliance with its reporting requirements as specified by their HEERF Certification and Agreement or Supplemental Agreement. Recommendation: The University should establish a formalized control to monitor timely submission of Annual Reports. Repeat finding: No.
Finding 2022-001
2022-001 Special Reporting U.S. Department of Education 84.425E, 84.425F, 84.425M COVID-19 - Higher Education Emergency Relief Fund (HEERF 2021-2022 Award Year Questioned Costs: None Criteria: The U.S. Department of Education sets the criteria for HEERF Annual Performance Reports (APRs). This report is due annually from HEERF grantees. Annual Reports must be submitted and reviewed within a certain timeframe set by the U.S. Department of Education. Universe / Population: The universe / population is one Annual Report submitted during the fiscal year ended June 30, 2022. P&N selected the one Annual Report for testing of reporting compliance requirements applicable to the program. Condition: The University did not submit the January 1, 2021 through December 31, 2021 Annual Report by the grantee submission deadline. The annual report had a submission deadline of May 6, 2022 and was submitted on May 11, 2022. Cause: The University lacks an established control monitoring timely submission of Annual Reports. Effect: Failure to comply with the reporting requirements may result in sanctions, including: losing access to HEERF grant funds as a result of the grantee?s noncompliance with its reporting requirements as specified by their HEERF Certification and Agreement or Supplemental Agreement. Recommendation: The University should establish a formalized control to monitor timely submission of Annual Reports. Repeat finding: No.
Finding 2022-001
2022-001 Special Reporting U.S. Department of Education 84.425E, 84.425F, 84.425M COVID-19 - Higher Education Emergency Relief Fund (HEERF 2021-2022 Award Year Questioned Costs: None Criteria: The U.S. Department of Education sets the criteria for HEERF Annual Performance Reports (APRs). This report is due annually from HEERF grantees. Annual Reports must be submitted and reviewed within a certain timeframe set by the U.S. Department of Education. Universe / Population: The universe / population is one Annual Report submitted during the fiscal year ended June 30, 2022. P&N selected the one Annual Report for testing of reporting compliance requirements applicable to the program. Condition: The University did not submit the January 1, 2021 through December 31, 2021 Annual Report by the grantee submission deadline. The annual report had a submission deadline of May 6, 2022 and was submitted on May 11, 2022. Cause: The University lacks an established control monitoring timely submission of Annual Reports. Effect: Failure to comply with the reporting requirements may result in sanctions, including: losing access to HEERF grant funds as a result of the grantee?s noncompliance with its reporting requirements as specified by their HEERF Certification and Agreement or Supplemental Agreement. Recommendation: The University should establish a formalized control to monitor timely submission of Annual Reports. Repeat finding: No.
Finding 2022-001
2022-001 Special Reporting U.S. Department of Education 84.425E, 84.425F, 84.425M COVID-19 - Higher Education Emergency Relief Fund (HEERF 2021-2022 Award Year Questioned Costs: None Criteria: The U.S. Department of Education sets the criteria for HEERF Annual Performance Reports (APRs). This report is due annually from HEERF grantees. Annual Reports must be submitted and reviewed within a certain timeframe set by the U.S. Department of Education. Universe / Population: The universe / population is one Annual Report submitted during the fiscal year ended June 30, 2022. P&N selected the one Annual Report for testing of reporting compliance requirements applicable to the program. Condition: The University did not submit the January 1, 2021 through December 31, 2021 Annual Report by the grantee submission deadline. The annual report had a submission deadline of May 6, 2022 and was submitted on May 11, 2022. Cause: The University lacks an established control monitoring timely submission of Annual Reports. Effect: Failure to comply with the reporting requirements may result in sanctions, including: losing access to HEERF grant funds as a result of the grantee?s noncompliance with its reporting requirements as specified by their HEERF Certification and Agreement or Supplemental Agreement. Recommendation: The University should establish a formalized control to monitor timely submission of Annual Reports. Repeat finding: No.
Finding 2022-001
2022-001 Special Reporting U.S. Department of Education 84.425E, 84.425F, 84.425M COVID-19 - Higher Education Emergency Relief Fund (HEERF 2021-2022 Award Year Questioned Costs: None Criteria: The U.S. Department of Education sets the criteria for HEERF Annual Performance Reports (APRs). This report is due annually from HEERF grantees. Annual Reports must be submitted and reviewed within a certain timeframe set by the U.S. Department of Education. Universe / Population: The universe / population is one Annual Report submitted during the fiscal year ended June 30, 2022. P&N selected the one Annual Report for testing of reporting compliance requirements applicable to the program. Condition: The University did not submit the January 1, 2021 through December 31, 2021 Annual Report by the grantee submission deadline. The annual report had a submission deadline of May 6, 2022 and was submitted on May 11, 2022. Cause: The University lacks an established control monitoring timely submission of Annual Reports. Effect: Failure to comply with the reporting requirements may result in sanctions, including: losing access to HEERF grant funds as a result of the grantee?s noncompliance with its reporting requirements as specified by their HEERF Certification and Agreement or Supplemental Agreement. Recommendation: The University should establish a formalized control to monitor timely submission of Annual Reports. Repeat finding: No.
Finding 2022-001
2022-001 Special Reporting U.S. Department of Education 84.425E, 84.425F, 84.425M COVID-19 - Higher Education Emergency Relief Fund (HEERF 2021-2022 Award Year Questioned Costs: None Criteria: The U.S. Department of Education sets the criteria for HEERF Annual Performance Reports (APRs). This report is due annually from HEERF grantees. Annual Reports must be submitted and reviewed within a certain timeframe set by the U.S. Department of Education. Universe / Population: The universe / population is one Annual Report submitted during the fiscal year ended June 30, 2022. P&N selected the one Annual Report for testing of reporting compliance requirements applicable to the program. Condition: The University did not submit the January 1, 2021 through December 31, 2021 Annual Report by the grantee submission deadline. The annual report had a submission deadline of May 6, 2022 and was submitted on May 11, 2022. Cause: The University lacks an established control monitoring timely submission of Annual Reports. Effect: Failure to comply with the reporting requirements may result in sanctions, including: losing access to HEERF grant funds as a result of the grantee?s noncompliance with its reporting requirements as specified by their HEERF Certification and Agreement or Supplemental Agreement. Recommendation: The University should establish a formalized control to monitor timely submission of Annual Reports. Repeat finding: No.