Audit 337828

FY End
2024-08-31
Total Expended
$13.14M
Findings
16
Programs
14
Organization: Grayson College (TX)
Year: 2024 Accepted: 2025-01-14
Auditor: Whitley Penn LLP

Organization Exclusion Status:

Checking exclusion status...

Findings

ID Ref Severity Repeat Requirement
519205 2024-001 Significant Deficiency - N
519206 2024-001 Significant Deficiency - N
519207 2024-001 Significant Deficiency - N
519208 2024-001 Significant Deficiency - N
519209 2024-002 Significant Deficiency - N
519210 2024-002 Significant Deficiency - N
519211 2024-002 Significant Deficiency - N
519212 2024-002 Significant Deficiency - N
1095647 2024-001 Significant Deficiency - N
1095648 2024-001 Significant Deficiency - N
1095649 2024-001 Significant Deficiency - N
1095650 2024-001 Significant Deficiency - N
1095651 2024-002 Significant Deficiency - N
1095652 2024-002 Significant Deficiency - N
1095653 2024-002 Significant Deficiency - N
1095654 2024-002 Significant Deficiency - N

Contacts

Name Title Type
NPMZBNRRLM53 Carolyn Kasdorf Auditee
9034638742 Roger Tovar Auditor
No contacts on file

Notes to SEFA

Title: Note 1 - Federal Revenue Reconciliation Accounting Policies: Note 2 - Summary of Significant Accounting Policies The expenditures included in the schedule are reported for the College's fiscal year. Expenditure reports to funding agencies are prepared on the award period basis. The expenditures reported represent funds that have been expended by the College for the purposes of the award. The expenditures reported may not have been reimbursed by the funding agencies as of the end of the fiscal year. Some amounts included in the schedule may differ from amounts used in preparation of the basic financial statements. Separate accounts are maintained for the different awards to aid in the observance of limitations and restrictions imposed by the funding agencies. The College has followed applicable guidelines issued by various entities in the preparation of the schedule. Since the College has agency approved Indirect Cost Recovery Rate, it has elected not to use the 10% de minimis cost rate as permitted in the Uniform Guidance, Section 200.414. De Minimis Rate Used: N Rate Explanation: See note above, last sentence. Federal revenues for the year ended August 31, 2024 are reported in the basic financial statements as follows: See notes to SEFA for table/chart.

Finding Details

Federal Agency: U.S. Department of Education Type of Finding: Significant Deficiency in Internal Control over Compliance and Other Matters Recurring: No Compliance Requirement: Special Tests and Provisions - Verification Program Information: Student Financial Aid Cluster (ALN 84.007, 84.003, 84.063, 84.268) Criteria: Program reporting requirements state that verification results must be report to CPS no more than 60 days following the school’s first request to the student for documentation of identity. Condition: Out of 40 students sampled from the school’s verification listing, 4 out of 40 students had verification results reported after 60 days. 9 out of 40 lacked documentation of verification submission for students with no response from applicant. Cause: Management does not have sufficient procedures for monitoring reporting deadlines related to verification reporting. Questioned Cost: None. Recommendations: Management should update their verification reporting process to ensure that verification results are reported in a timely manner and documentation of verification submission is retained. View of Responsible Officials: The College’s management will address the matter identified as described in the corrective action plan
Federal Agency: U.S. Department of Education Type of Finding: Significant Deficiency in Internal Control over Compliance and Other Matters Recurring: No Compliance Requirement: Special Tests and Provisions - Verification Program Information: Student Financial Aid Cluster (ALN 84.007, 84.003, 84.063, 84.268) Criteria: Program reporting requirements state that verification results must be report to CPS no more than 60 days following the school’s first request to the student for documentation of identity. Condition: Out of 40 students sampled from the school’s verification listing, 4 out of 40 students had verification results reported after 60 days. 9 out of 40 lacked documentation of verification submission for students with no response from applicant. Cause: Management does not have sufficient procedures for monitoring reporting deadlines related to verification reporting. Questioned Cost: None. Recommendations: Management should update their verification reporting process to ensure that verification results are reported in a timely manner and documentation of verification submission is retained. View of Responsible Officials: The College’s management will address the matter identified as described in the corrective action plan
Federal Agency: U.S. Department of Education Type of Finding: Significant Deficiency in Internal Control over Compliance and Other Matters Recurring: No Compliance Requirement: Special Tests and Provisions - Verification Program Information: Student Financial Aid Cluster (ALN 84.007, 84.003, 84.063, 84.268) Criteria: Program reporting requirements state that verification results must be report to CPS no more than 60 days following the school’s first request to the student for documentation of identity. Condition: Out of 40 students sampled from the school’s verification listing, 4 out of 40 students had verification results reported after 60 days. 9 out of 40 lacked documentation of verification submission for students with no response from applicant. Cause: Management does not have sufficient procedures for monitoring reporting deadlines related to verification reporting. Questioned Cost: None. Recommendations: Management should update their verification reporting process to ensure that verification results are reported in a timely manner and documentation of verification submission is retained. View of Responsible Officials: The College’s management will address the matter identified as described in the corrective action plan
Federal Agency: U.S. Department of Education Type of Finding: Significant Deficiency in Internal Control over Compliance and Other Matters Recurring: No Compliance Requirement: Special Tests and Provisions - Verification Program Information: Student Financial Aid Cluster (ALN 84.007, 84.003, 84.063, 84.268) Criteria: Program reporting requirements state that verification results must be report to CPS no more than 60 days following the school’s first request to the student for documentation of identity. Condition: Out of 40 students sampled from the school’s verification listing, 4 out of 40 students had verification results reported after 60 days. 9 out of 40 lacked documentation of verification submission for students with no response from applicant. Cause: Management does not have sufficient procedures for monitoring reporting deadlines related to verification reporting. Questioned Cost: None. Recommendations: Management should update their verification reporting process to ensure that verification results are reported in a timely manner and documentation of verification submission is retained. View of Responsible Officials: The College’s management will address the matter identified as described in the corrective action plan
Federal Agency: U.S. Department of Education Type of Finding: Significant Deficiency in Internal Control over Compliance and Other Matters Recurring: No Compliance Requirement: Special tests and Provisions - Enrollment Program Information: Student Financial Aid Cluster (ALN 84.007, 84.003, 84.063, 84.268) Criteria: CFR section 685.309 and 690.83(b)(2) requires Colleges to notify the NSLDS within 30 days of a change in student status or include the change in status in a response to an enrollment reporting roster within 60 days of the student’s date of determination of withdrawal. 2 CFR Section 200.303 requires entities receiving Federal awards establish and maintain internal controls deigned to reasonably ensure compliance with Federal laws, regulations, and program compliance requirements. Effective internal controls should include procedures in place to ensure accurate reporting of enrollment status changes. Condition: Out of 40 students sampled from the College’s roster files, 3 out of 40 did not have updated enrollment statuses reported to NSLDS. Cause: The financial aid office does not have an effective system in place to ensure all official student status changes are reported accurately. Effect: Failure to report status changes timely is noncompliance with Federal regulation and could result in loss of future funding. Questioned Cost: None Recommendations: The College should implement monitoring procedures which will promptly notify the financial aid office of any student status changes. A system of monitoring procedures and/or controls will ensure the College is reporting any status changes accurately. The College should implement a review process to ensure all status changes are addressed by the financial aid office. View of Responsible Officials: The College’s management will address the matter identified as described in the corrective action plan.
Federal Agency: U.S. Department of Education Type of Finding: Significant Deficiency in Internal Control over Compliance and Other Matters Recurring: No Compliance Requirement: Special tests and Provisions - Enrollment Program Information: Student Financial Aid Cluster (ALN 84.007, 84.003, 84.063, 84.268) Criteria: CFR section 685.309 and 690.83(b)(2) requires Colleges to notify the NSLDS within 30 days of a change in student status or include the change in status in a response to an enrollment reporting roster within 60 days of the student’s date of determination of withdrawal. 2 CFR Section 200.303 requires entities receiving Federal awards establish and maintain internal controls deigned to reasonably ensure compliance with Federal laws, regulations, and program compliance requirements. Effective internal controls should include procedures in place to ensure accurate reporting of enrollment status changes. Condition: Out of 40 students sampled from the College’s roster files, 3 out of 40 did not have updated enrollment statuses reported to NSLDS. Cause: The financial aid office does not have an effective system in place to ensure all official student status changes are reported accurately. Effect: Failure to report status changes timely is noncompliance with Federal regulation and could result in loss of future funding. Questioned Cost: None Recommendations: The College should implement monitoring procedures which will promptly notify the financial aid office of any student status changes. A system of monitoring procedures and/or controls will ensure the College is reporting any status changes accurately. The College should implement a review process to ensure all status changes are addressed by the financial aid office. View of Responsible Officials: The College’s management will address the matter identified as described in the corrective action plan.
Federal Agency: U.S. Department of Education Type of Finding: Significant Deficiency in Internal Control over Compliance and Other Matters Recurring: No Compliance Requirement: Special tests and Provisions - Enrollment Program Information: Student Financial Aid Cluster (ALN 84.007, 84.003, 84.063, 84.268) Criteria: CFR section 685.309 and 690.83(b)(2) requires Colleges to notify the NSLDS within 30 days of a change in student status or include the change in status in a response to an enrollment reporting roster within 60 days of the student’s date of determination of withdrawal. 2 CFR Section 200.303 requires entities receiving Federal awards establish and maintain internal controls deigned to reasonably ensure compliance with Federal laws, regulations, and program compliance requirements. Effective internal controls should include procedures in place to ensure accurate reporting of enrollment status changes. Condition: Out of 40 students sampled from the College’s roster files, 3 out of 40 did not have updated enrollment statuses reported to NSLDS. Cause: The financial aid office does not have an effective system in place to ensure all official student status changes are reported accurately. Effect: Failure to report status changes timely is noncompliance with Federal regulation and could result in loss of future funding. Questioned Cost: None Recommendations: The College should implement monitoring procedures which will promptly notify the financial aid office of any student status changes. A system of monitoring procedures and/or controls will ensure the College is reporting any status changes accurately. The College should implement a review process to ensure all status changes are addressed by the financial aid office. View of Responsible Officials: The College’s management will address the matter identified as described in the corrective action plan.
Federal Agency: U.S. Department of Education Type of Finding: Significant Deficiency in Internal Control over Compliance and Other Matters Recurring: No Compliance Requirement: Special tests and Provisions - Enrollment Program Information: Student Financial Aid Cluster (ALN 84.007, 84.003, 84.063, 84.268) Criteria: CFR section 685.309 and 690.83(b)(2) requires Colleges to notify the NSLDS within 30 days of a change in student status or include the change in status in a response to an enrollment reporting roster within 60 days of the student’s date of determination of withdrawal. 2 CFR Section 200.303 requires entities receiving Federal awards establish and maintain internal controls deigned to reasonably ensure compliance with Federal laws, regulations, and program compliance requirements. Effective internal controls should include procedures in place to ensure accurate reporting of enrollment status changes. Condition: Out of 40 students sampled from the College’s roster files, 3 out of 40 did not have updated enrollment statuses reported to NSLDS. Cause: The financial aid office does not have an effective system in place to ensure all official student status changes are reported accurately. Effect: Failure to report status changes timely is noncompliance with Federal regulation and could result in loss of future funding. Questioned Cost: None Recommendations: The College should implement monitoring procedures which will promptly notify the financial aid office of any student status changes. A system of monitoring procedures and/or controls will ensure the College is reporting any status changes accurately. The College should implement a review process to ensure all status changes are addressed by the financial aid office. View of Responsible Officials: The College’s management will address the matter identified as described in the corrective action plan.
Federal Agency: U.S. Department of Education Type of Finding: Significant Deficiency in Internal Control over Compliance and Other Matters Recurring: No Compliance Requirement: Special Tests and Provisions - Verification Program Information: Student Financial Aid Cluster (ALN 84.007, 84.003, 84.063, 84.268) Criteria: Program reporting requirements state that verification results must be report to CPS no more than 60 days following the school’s first request to the student for documentation of identity. Condition: Out of 40 students sampled from the school’s verification listing, 4 out of 40 students had verification results reported after 60 days. 9 out of 40 lacked documentation of verification submission for students with no response from applicant. Cause: Management does not have sufficient procedures for monitoring reporting deadlines related to verification reporting. Questioned Cost: None. Recommendations: Management should update their verification reporting process to ensure that verification results are reported in a timely manner and documentation of verification submission is retained. View of Responsible Officials: The College’s management will address the matter identified as described in the corrective action plan
Federal Agency: U.S. Department of Education Type of Finding: Significant Deficiency in Internal Control over Compliance and Other Matters Recurring: No Compliance Requirement: Special Tests and Provisions - Verification Program Information: Student Financial Aid Cluster (ALN 84.007, 84.003, 84.063, 84.268) Criteria: Program reporting requirements state that verification results must be report to CPS no more than 60 days following the school’s first request to the student for documentation of identity. Condition: Out of 40 students sampled from the school’s verification listing, 4 out of 40 students had verification results reported after 60 days. 9 out of 40 lacked documentation of verification submission for students with no response from applicant. Cause: Management does not have sufficient procedures for monitoring reporting deadlines related to verification reporting. Questioned Cost: None. Recommendations: Management should update their verification reporting process to ensure that verification results are reported in a timely manner and documentation of verification submission is retained. View of Responsible Officials: The College’s management will address the matter identified as described in the corrective action plan
Federal Agency: U.S. Department of Education Type of Finding: Significant Deficiency in Internal Control over Compliance and Other Matters Recurring: No Compliance Requirement: Special Tests and Provisions - Verification Program Information: Student Financial Aid Cluster (ALN 84.007, 84.003, 84.063, 84.268) Criteria: Program reporting requirements state that verification results must be report to CPS no more than 60 days following the school’s first request to the student for documentation of identity. Condition: Out of 40 students sampled from the school’s verification listing, 4 out of 40 students had verification results reported after 60 days. 9 out of 40 lacked documentation of verification submission for students with no response from applicant. Cause: Management does not have sufficient procedures for monitoring reporting deadlines related to verification reporting. Questioned Cost: None. Recommendations: Management should update their verification reporting process to ensure that verification results are reported in a timely manner and documentation of verification submission is retained. View of Responsible Officials: The College’s management will address the matter identified as described in the corrective action plan
Federal Agency: U.S. Department of Education Type of Finding: Significant Deficiency in Internal Control over Compliance and Other Matters Recurring: No Compliance Requirement: Special Tests and Provisions - Verification Program Information: Student Financial Aid Cluster (ALN 84.007, 84.003, 84.063, 84.268) Criteria: Program reporting requirements state that verification results must be report to CPS no more than 60 days following the school’s first request to the student for documentation of identity. Condition: Out of 40 students sampled from the school’s verification listing, 4 out of 40 students had verification results reported after 60 days. 9 out of 40 lacked documentation of verification submission for students with no response from applicant. Cause: Management does not have sufficient procedures for monitoring reporting deadlines related to verification reporting. Questioned Cost: None. Recommendations: Management should update their verification reporting process to ensure that verification results are reported in a timely manner and documentation of verification submission is retained. View of Responsible Officials: The College’s management will address the matter identified as described in the corrective action plan
Federal Agency: U.S. Department of Education Type of Finding: Significant Deficiency in Internal Control over Compliance and Other Matters Recurring: No Compliance Requirement: Special tests and Provisions - Enrollment Program Information: Student Financial Aid Cluster (ALN 84.007, 84.003, 84.063, 84.268) Criteria: CFR section 685.309 and 690.83(b)(2) requires Colleges to notify the NSLDS within 30 days of a change in student status or include the change in status in a response to an enrollment reporting roster within 60 days of the student’s date of determination of withdrawal. 2 CFR Section 200.303 requires entities receiving Federal awards establish and maintain internal controls deigned to reasonably ensure compliance with Federal laws, regulations, and program compliance requirements. Effective internal controls should include procedures in place to ensure accurate reporting of enrollment status changes. Condition: Out of 40 students sampled from the College’s roster files, 3 out of 40 did not have updated enrollment statuses reported to NSLDS. Cause: The financial aid office does not have an effective system in place to ensure all official student status changes are reported accurately. Effect: Failure to report status changes timely is noncompliance with Federal regulation and could result in loss of future funding. Questioned Cost: None Recommendations: The College should implement monitoring procedures which will promptly notify the financial aid office of any student status changes. A system of monitoring procedures and/or controls will ensure the College is reporting any status changes accurately. The College should implement a review process to ensure all status changes are addressed by the financial aid office. View of Responsible Officials: The College’s management will address the matter identified as described in the corrective action plan.
Federal Agency: U.S. Department of Education Type of Finding: Significant Deficiency in Internal Control over Compliance and Other Matters Recurring: No Compliance Requirement: Special tests and Provisions - Enrollment Program Information: Student Financial Aid Cluster (ALN 84.007, 84.003, 84.063, 84.268) Criteria: CFR section 685.309 and 690.83(b)(2) requires Colleges to notify the NSLDS within 30 days of a change in student status or include the change in status in a response to an enrollment reporting roster within 60 days of the student’s date of determination of withdrawal. 2 CFR Section 200.303 requires entities receiving Federal awards establish and maintain internal controls deigned to reasonably ensure compliance with Federal laws, regulations, and program compliance requirements. Effective internal controls should include procedures in place to ensure accurate reporting of enrollment status changes. Condition: Out of 40 students sampled from the College’s roster files, 3 out of 40 did not have updated enrollment statuses reported to NSLDS. Cause: The financial aid office does not have an effective system in place to ensure all official student status changes are reported accurately. Effect: Failure to report status changes timely is noncompliance with Federal regulation and could result in loss of future funding. Questioned Cost: None Recommendations: The College should implement monitoring procedures which will promptly notify the financial aid office of any student status changes. A system of monitoring procedures and/or controls will ensure the College is reporting any status changes accurately. The College should implement a review process to ensure all status changes are addressed by the financial aid office. View of Responsible Officials: The College’s management will address the matter identified as described in the corrective action plan.
Federal Agency: U.S. Department of Education Type of Finding: Significant Deficiency in Internal Control over Compliance and Other Matters Recurring: No Compliance Requirement: Special tests and Provisions - Enrollment Program Information: Student Financial Aid Cluster (ALN 84.007, 84.003, 84.063, 84.268) Criteria: CFR section 685.309 and 690.83(b)(2) requires Colleges to notify the NSLDS within 30 days of a change in student status or include the change in status in a response to an enrollment reporting roster within 60 days of the student’s date of determination of withdrawal. 2 CFR Section 200.303 requires entities receiving Federal awards establish and maintain internal controls deigned to reasonably ensure compliance with Federal laws, regulations, and program compliance requirements. Effective internal controls should include procedures in place to ensure accurate reporting of enrollment status changes. Condition: Out of 40 students sampled from the College’s roster files, 3 out of 40 did not have updated enrollment statuses reported to NSLDS. Cause: The financial aid office does not have an effective system in place to ensure all official student status changes are reported accurately. Effect: Failure to report status changes timely is noncompliance with Federal regulation and could result in loss of future funding. Questioned Cost: None Recommendations: The College should implement monitoring procedures which will promptly notify the financial aid office of any student status changes. A system of monitoring procedures and/or controls will ensure the College is reporting any status changes accurately. The College should implement a review process to ensure all status changes are addressed by the financial aid office. View of Responsible Officials: The College’s management will address the matter identified as described in the corrective action plan.
Federal Agency: U.S. Department of Education Type of Finding: Significant Deficiency in Internal Control over Compliance and Other Matters Recurring: No Compliance Requirement: Special tests and Provisions - Enrollment Program Information: Student Financial Aid Cluster (ALN 84.007, 84.003, 84.063, 84.268) Criteria: CFR section 685.309 and 690.83(b)(2) requires Colleges to notify the NSLDS within 30 days of a change in student status or include the change in status in a response to an enrollment reporting roster within 60 days of the student’s date of determination of withdrawal. 2 CFR Section 200.303 requires entities receiving Federal awards establish and maintain internal controls deigned to reasonably ensure compliance with Federal laws, regulations, and program compliance requirements. Effective internal controls should include procedures in place to ensure accurate reporting of enrollment status changes. Condition: Out of 40 students sampled from the College’s roster files, 3 out of 40 did not have updated enrollment statuses reported to NSLDS. Cause: The financial aid office does not have an effective system in place to ensure all official student status changes are reported accurately. Effect: Failure to report status changes timely is noncompliance with Federal regulation and could result in loss of future funding. Questioned Cost: None Recommendations: The College should implement monitoring procedures which will promptly notify the financial aid office of any student status changes. A system of monitoring procedures and/or controls will ensure the College is reporting any status changes accurately. The College should implement a review process to ensure all status changes are addressed by the financial aid office. View of Responsible Officials: The College’s management will address the matter identified as described in the corrective action plan.