FAC Explorer

Audit 33599

FY End
2022-05-31
Total Expended
$32.47M
Findings
10
Programs
8
Organization: Texas Wesleyan University (TX)
Year: 2022 Accepted: 2022-11-29
Auditor: Forvis LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
34122 2022-001 Significant Deficiency Yes N
34123 2022-001 Significant Deficiency Yes N
34124 2022-001 Significant Deficiency Yes N
34125 2022-001 Significant Deficiency Yes N
34126 2022-001 Significant Deficiency Yes N
610564 2022-001 Significant Deficiency Yes N
610565 2022-001 Significant Deficiency Yes N
610566 2022-001 Significant Deficiency Yes N
610567 2022-001 Significant Deficiency Yes N
610568 2022-001 Significant Deficiency Yes N

Programs

ALN Program Spent Major Findings
84.268 Federal Direct Student Loans $23.67M Yes 1
84.063 Federal Pell Grant Program $3.74M Yes 1
84.047 Trio_upward Bound $1.12M - 0
84.425 Education Stabilization Fund $342,920 Yes 0
84.365 English Language Acquisition State Grants $324,859 - 0
84.007 Federal Supplemental Educational Opportunity Grants $321,805 Yes 1
84.033 Federal Work-Study Program $199,255 Yes 1
84.379 Teacher Education Assistance for College and Higher Education Grants (teach Grants) $6,709 Yes 1

Contacts

Name Title Type
EC4AWY7A7885 Donna Nance Auditee
8175316579 Sara Grenier Auditor
No contacts on file

Notes to SEFA

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 University has elected did not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance. For purposes of the Schedule, loans made to student under the Federal Direct Student Loans programare presented as federal expenditures. Neither the funds advanced to students nor the outstanding loanbalance are included in the financial statements since the loans are made and subsequently collectedby the federal government. Other than the loans made to student under the Federal Direct StudentLoans program, the University did not have any federal loan programs for the year ended May 31,2022.
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 University has elected did 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 Texas Wesleyan University (the University) under programs of the federal government for the year ended May 31, 2022. 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 University,it is not intended to and does not present the financial position, changes in net assets or cash flows of the University.

Finding Details

Finding 2022-001
Criteria or specific requirement ? Special Tests and Provisions ? Return of Title IV Funds (34 CFR 668.22(a)(1) through (a)(5) Condition ? The University?s internal controls did not ensure the calculation of amounts to be returned to the U.S. Department of Education were correct and were performed timely. Questioned costs - $0 Context ? Out of the population of 37 students who withdrew, 6 were selected for testing. Our sampling method was not, and was not intended to be, statistically valid. One of the withdrawals tested had more returned to the U.S. Department of Education than was required and the amounts were returned approximately 6 months after the withdrawal. Effect ? The amount of Title IV funds returned to the U.S. Department of Education was incorrect and the funds were not returned timely. Cause ? The student who withdrew was attending two modules in one payment period and withdrew from both modules. The calculation of days attended was incorrect. Identification as a repeat finding, if applicable ? 2021-001 and 2020-001 Recommendation ? The University should update their controls to ensure that the days attended for students who withdrawal from a program offered in modules is correct. Views of responsible officials and planned corrective actions ? The Financial Aid Administrator acknowledges the error with the Title IV Calculation for the student who was enrolled in two modules in one semester. Initially, the calculation was based on the student being enrolled in one module. When the file was chosen for the 2021-2022 audit, the error was caught that the student was enrolled in module two, as well. The Director of Financial Aid has reached out to ?Ask a Fed? for guidance on the calculation of the numerator in a Title IV calculation about modules. Once guidance is received, we will incorporate it into our procedures and provide training to staff.
Finding 2022-001
Criteria or specific requirement ? Special Tests and Provisions ? Return of Title IV Funds (34 CFR 668.22(a)(1) through (a)(5) Condition ? The University?s internal controls did not ensure the calculation of amounts to be returned to the U.S. Department of Education were correct and were performed timely. Questioned costs - $0 Context ? Out of the population of 37 students who withdrew, 6 were selected for testing. Our sampling method was not, and was not intended to be, statistically valid. One of the withdrawals tested had more returned to the U.S. Department of Education than was required and the amounts were returned approximately 6 months after the withdrawal. Effect ? The amount of Title IV funds returned to the U.S. Department of Education was incorrect and the funds were not returned timely. Cause ? The student who withdrew was attending two modules in one payment period and withdrew from both modules. The calculation of days attended was incorrect. Identification as a repeat finding, if applicable ? 2021-001 and 2020-001 Recommendation ? The University should update their controls to ensure that the days attended for students who withdrawal from a program offered in modules is correct. Views of responsible officials and planned corrective actions ? The Financial Aid Administrator acknowledges the error with the Title IV Calculation for the student who was enrolled in two modules in one semester. Initially, the calculation was based on the student being enrolled in one module. When the file was chosen for the 2021-2022 audit, the error was caught that the student was enrolled in module two, as well. The Director of Financial Aid has reached out to ?Ask a Fed? for guidance on the calculation of the numerator in a Title IV calculation about modules. Once guidance is received, we will incorporate it into our procedures and provide training to staff.
Finding 2022-001
Criteria or specific requirement ? Special Tests and Provisions ? Return of Title IV Funds (34 CFR 668.22(a)(1) through (a)(5) Condition ? The University?s internal controls did not ensure the calculation of amounts to be returned to the U.S. Department of Education were correct and were performed timely. Questioned costs - $0 Context ? Out of the population of 37 students who withdrew, 6 were selected for testing. Our sampling method was not, and was not intended to be, statistically valid. One of the withdrawals tested had more returned to the U.S. Department of Education than was required and the amounts were returned approximately 6 months after the withdrawal. Effect ? The amount of Title IV funds returned to the U.S. Department of Education was incorrect and the funds were not returned timely. Cause ? The student who withdrew was attending two modules in one payment period and withdrew from both modules. The calculation of days attended was incorrect. Identification as a repeat finding, if applicable ? 2021-001 and 2020-001 Recommendation ? The University should update their controls to ensure that the days attended for students who withdrawal from a program offered in modules is correct. Views of responsible officials and planned corrective actions ? The Financial Aid Administrator acknowledges the error with the Title IV Calculation for the student who was enrolled in two modules in one semester. Initially, the calculation was based on the student being enrolled in one module. When the file was chosen for the 2021-2022 audit, the error was caught that the student was enrolled in module two, as well. The Director of Financial Aid has reached out to ?Ask a Fed? for guidance on the calculation of the numerator in a Title IV calculation about modules. Once guidance is received, we will incorporate it into our procedures and provide training to staff.
Finding 2022-001
Criteria or specific requirement ? Special Tests and Provisions ? Return of Title IV Funds (34 CFR 668.22(a)(1) through (a)(5) Condition ? The University?s internal controls did not ensure the calculation of amounts to be returned to the U.S. Department of Education were correct and were performed timely. Questioned costs - $0 Context ? Out of the population of 37 students who withdrew, 6 were selected for testing. Our sampling method was not, and was not intended to be, statistically valid. One of the withdrawals tested had more returned to the U.S. Department of Education than was required and the amounts were returned approximately 6 months after the withdrawal. Effect ? The amount of Title IV funds returned to the U.S. Department of Education was incorrect and the funds were not returned timely. Cause ? The student who withdrew was attending two modules in one payment period and withdrew from both modules. The calculation of days attended was incorrect. Identification as a repeat finding, if applicable ? 2021-001 and 2020-001 Recommendation ? The University should update their controls to ensure that the days attended for students who withdrawal from a program offered in modules is correct. Views of responsible officials and planned corrective actions ? The Financial Aid Administrator acknowledges the error with the Title IV Calculation for the student who was enrolled in two modules in one semester. Initially, the calculation was based on the student being enrolled in one module. When the file was chosen for the 2021-2022 audit, the error was caught that the student was enrolled in module two, as well. The Director of Financial Aid has reached out to ?Ask a Fed? for guidance on the calculation of the numerator in a Title IV calculation about modules. Once guidance is received, we will incorporate it into our procedures and provide training to staff.
Finding 2022-001
Criteria or specific requirement ? Special Tests and Provisions ? Return of Title IV Funds (34 CFR 668.22(a)(1) through (a)(5) Condition ? The University?s internal controls did not ensure the calculation of amounts to be returned to the U.S. Department of Education were correct and were performed timely. Questioned costs - $0 Context ? Out of the population of 37 students who withdrew, 6 were selected for testing. Our sampling method was not, and was not intended to be, statistically valid. One of the withdrawals tested had more returned to the U.S. Department of Education than was required and the amounts were returned approximately 6 months after the withdrawal. Effect ? The amount of Title IV funds returned to the U.S. Department of Education was incorrect and the funds were not returned timely. Cause ? The student who withdrew was attending two modules in one payment period and withdrew from both modules. The calculation of days attended was incorrect. Identification as a repeat finding, if applicable ? 2021-001 and 2020-001 Recommendation ? The University should update their controls to ensure that the days attended for students who withdrawal from a program offered in modules is correct. Views of responsible officials and planned corrective actions ? The Financial Aid Administrator acknowledges the error with the Title IV Calculation for the student who was enrolled in two modules in one semester. Initially, the calculation was based on the student being enrolled in one module. When the file was chosen for the 2021-2022 audit, the error was caught that the student was enrolled in module two, as well. The Director of Financial Aid has reached out to ?Ask a Fed? for guidance on the calculation of the numerator in a Title IV calculation about modules. Once guidance is received, we will incorporate it into our procedures and provide training to staff.
Finding 2022-001
Criteria or specific requirement ? Special Tests and Provisions ? Return of Title IV Funds (34 CFR 668.22(a)(1) through (a)(5) Condition ? The University?s internal controls did not ensure the calculation of amounts to be returned to the U.S. Department of Education were correct and were performed timely. Questioned costs - $0 Context ? Out of the population of 37 students who withdrew, 6 were selected for testing. Our sampling method was not, and was not intended to be, statistically valid. One of the withdrawals tested had more returned to the U.S. Department of Education than was required and the amounts were returned approximately 6 months after the withdrawal. Effect ? The amount of Title IV funds returned to the U.S. Department of Education was incorrect and the funds were not returned timely. Cause ? The student who withdrew was attending two modules in one payment period and withdrew from both modules. The calculation of days attended was incorrect. Identification as a repeat finding, if applicable ? 2021-001 and 2020-001 Recommendation ? The University should update their controls to ensure that the days attended for students who withdrawal from a program offered in modules is correct. Views of responsible officials and planned corrective actions ? The Financial Aid Administrator acknowledges the error with the Title IV Calculation for the student who was enrolled in two modules in one semester. Initially, the calculation was based on the student being enrolled in one module. When the file was chosen for the 2021-2022 audit, the error was caught that the student was enrolled in module two, as well. The Director of Financial Aid has reached out to ?Ask a Fed? for guidance on the calculation of the numerator in a Title IV calculation about modules. Once guidance is received, we will incorporate it into our procedures and provide training to staff.
Finding 2022-001
Criteria or specific requirement ? Special Tests and Provisions ? Return of Title IV Funds (34 CFR 668.22(a)(1) through (a)(5) Condition ? The University?s internal controls did not ensure the calculation of amounts to be returned to the U.S. Department of Education were correct and were performed timely. Questioned costs - $0 Context ? Out of the population of 37 students who withdrew, 6 were selected for testing. Our sampling method was not, and was not intended to be, statistically valid. One of the withdrawals tested had more returned to the U.S. Department of Education than was required and the amounts were returned approximately 6 months after the withdrawal. Effect ? The amount of Title IV funds returned to the U.S. Department of Education was incorrect and the funds were not returned timely. Cause ? The student who withdrew was attending two modules in one payment period and withdrew from both modules. The calculation of days attended was incorrect. Identification as a repeat finding, if applicable ? 2021-001 and 2020-001 Recommendation ? The University should update their controls to ensure that the days attended for students who withdrawal from a program offered in modules is correct. Views of responsible officials and planned corrective actions ? The Financial Aid Administrator acknowledges the error with the Title IV Calculation for the student who was enrolled in two modules in one semester. Initially, the calculation was based on the student being enrolled in one module. When the file was chosen for the 2021-2022 audit, the error was caught that the student was enrolled in module two, as well. The Director of Financial Aid has reached out to ?Ask a Fed? for guidance on the calculation of the numerator in a Title IV calculation about modules. Once guidance is received, we will incorporate it into our procedures and provide training to staff.
Finding 2022-001
Criteria or specific requirement ? Special Tests and Provisions ? Return of Title IV Funds (34 CFR 668.22(a)(1) through (a)(5) Condition ? The University?s internal controls did not ensure the calculation of amounts to be returned to the U.S. Department of Education were correct and were performed timely. Questioned costs - $0 Context ? Out of the population of 37 students who withdrew, 6 were selected for testing. Our sampling method was not, and was not intended to be, statistically valid. One of the withdrawals tested had more returned to the U.S. Department of Education than was required and the amounts were returned approximately 6 months after the withdrawal. Effect ? The amount of Title IV funds returned to the U.S. Department of Education was incorrect and the funds were not returned timely. Cause ? The student who withdrew was attending two modules in one payment period and withdrew from both modules. The calculation of days attended was incorrect. Identification as a repeat finding, if applicable ? 2021-001 and 2020-001 Recommendation ? The University should update their controls to ensure that the days attended for students who withdrawal from a program offered in modules is correct. Views of responsible officials and planned corrective actions ? The Financial Aid Administrator acknowledges the error with the Title IV Calculation for the student who was enrolled in two modules in one semester. Initially, the calculation was based on the student being enrolled in one module. When the file was chosen for the 2021-2022 audit, the error was caught that the student was enrolled in module two, as well. The Director of Financial Aid has reached out to ?Ask a Fed? for guidance on the calculation of the numerator in a Title IV calculation about modules. Once guidance is received, we will incorporate it into our procedures and provide training to staff.
Finding 2022-001
Criteria or specific requirement ? Special Tests and Provisions ? Return of Title IV Funds (34 CFR 668.22(a)(1) through (a)(5) Condition ? The University?s internal controls did not ensure the calculation of amounts to be returned to the U.S. Department of Education were correct and were performed timely. Questioned costs - $0 Context ? Out of the population of 37 students who withdrew, 6 were selected for testing. Our sampling method was not, and was not intended to be, statistically valid. One of the withdrawals tested had more returned to the U.S. Department of Education than was required and the amounts were returned approximately 6 months after the withdrawal. Effect ? The amount of Title IV funds returned to the U.S. Department of Education was incorrect and the funds were not returned timely. Cause ? The student who withdrew was attending two modules in one payment period and withdrew from both modules. The calculation of days attended was incorrect. Identification as a repeat finding, if applicable ? 2021-001 and 2020-001 Recommendation ? The University should update their controls to ensure that the days attended for students who withdrawal from a program offered in modules is correct. Views of responsible officials and planned corrective actions ? The Financial Aid Administrator acknowledges the error with the Title IV Calculation for the student who was enrolled in two modules in one semester. Initially, the calculation was based on the student being enrolled in one module. When the file was chosen for the 2021-2022 audit, the error was caught that the student was enrolled in module two, as well. The Director of Financial Aid has reached out to ?Ask a Fed? for guidance on the calculation of the numerator in a Title IV calculation about modules. Once guidance is received, we will incorporate it into our procedures and provide training to staff.
Finding 2022-001
Criteria or specific requirement ? Special Tests and Provisions ? Return of Title IV Funds (34 CFR 668.22(a)(1) through (a)(5) Condition ? The University?s internal controls did not ensure the calculation of amounts to be returned to the U.S. Department of Education were correct and were performed timely. Questioned costs - $0 Context ? Out of the population of 37 students who withdrew, 6 were selected for testing. Our sampling method was not, and was not intended to be, statistically valid. One of the withdrawals tested had more returned to the U.S. Department of Education than was required and the amounts were returned approximately 6 months after the withdrawal. Effect ? The amount of Title IV funds returned to the U.S. Department of Education was incorrect and the funds were not returned timely. Cause ? The student who withdrew was attending two modules in one payment period and withdrew from both modules. The calculation of days attended was incorrect. Identification as a repeat finding, if applicable ? 2021-001 and 2020-001 Recommendation ? The University should update their controls to ensure that the days attended for students who withdrawal from a program offered in modules is correct. Views of responsible officials and planned corrective actions ? The Financial Aid Administrator acknowledges the error with the Title IV Calculation for the student who was enrolled in two modules in one semester. Initially, the calculation was based on the student being enrolled in one module. When the file was chosen for the 2021-2022 audit, the error was caught that the student was enrolled in module two, as well. The Director of Financial Aid has reached out to ?Ask a Fed? for guidance on the calculation of the numerator in a Title IV calculation about modules. Once guidance is received, we will incorporate it into our procedures and provide training to staff.