FAC Explorer

Audit 344278

FY End
2024-05-31
Total Expended
$45.72M
Findings
4
Programs
15
Organization: Wilkes University (PA)
Year: 2024 Accepted: 2025-02-28
Auditor: Baker Tilly US LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
524912 2024-001 - - A
524913 2024-001 - - A
1101354 2024-001 - - A
1101355 2024-001 - - A

Programs

ALN Program Spent Major Findings
84.268 Federal Direct Student Loans $37.82M Yes 1
84.063 Federal Pell Grant Program $3.71M Yes 1
84.038 Federal Perkins Loan Program $804,436 Yes 0
84.287 Twenty-First Century Community Learning Centers $772,772 Yes 0
20.205 Highway Planning and Construction $707,291 - 0
93.364 Nursing Student Loans $496,301 Yes 0
84.047 Trio_upward Bound $484,744 - 0
84.007 Federal Supplemental Educational Opportunity Grants $301,142 Yes 0
84.033 Federal Work-Study Program $278,218 Yes 0
59.037 Small Business Development Centers $144,978 - 0
47.078 Polar Programs $126,901 - 0
47.041 Engineering $30,417 - 0
23.002 Appalachian Area Development $16,639 - 0
43.008 Education $15,116 - 0
14.228 Community Development Block Grants/entitlement Grants $10,000 - 0

Contacts

Name Title Type
U8BCVKFYFJZ2 Ellen Gallagher Auditee
5704083893 Andrea Caladie 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. De Minimis Rate Used: N Rate Explanation: The University has not elected to use the 10% 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 Wilkes University (the University) under programs of the federal government for the year ended May 31, 2024. 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.
Title: Summary of Significant Accounting Policies 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. De Minimis Rate Used: N Rate Explanation: The University has not elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance 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.
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. De Minimis Rate Used: N Rate Explanation: The University has not elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance The Federal Perkins Loan and Nursing Student Loan Programs are administered directly by the University, and balances and transactions relating to these programs are included in the University's basic 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. Federal Perkins and Nursing Student loans outstanding at May 31, 2024 were $594,584 and $433,559, respectively.
Title: Indirect Cost Rate 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. De Minimis Rate Used: N Rate Explanation: The University has not elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance The University has not elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.

Finding Details

Finding 2024-001
Finding 2024-001 – Special Tests and Provisions, Return of Title IV Calculations Federal Program – Federal Direct Student Loans, Federal Pell Grant Program Federal Agency - U.S. Department of Education Pass-Through Entity - Not Applicable Assistance Listing Number - 84.063, 84.268 Federal Award Year - May 31, 2024 Criteria: 34 CFR 668.22 requires that when a recipient of Title IV grant or loan assistance withdraws from an institution during a payment period or period of enrollment in which the recipient began attendance, the institution must determine the amount of Title IV grant or loan assistance that the student earned as of the student's withdrawal date in accordance with Federal regulations and return the unearned portion of the grant or loan funds to the Title IV programs as soon as possible but no later than 45 days after the withdrawal date. Condition/Context: In a sample of 18 students that withdrew during the fiscal year testing, a return of Title IV (R2T4) calculation was not performed for one student. The sample was not a statistically valid sample. Cause: The University’s Registrar did not have a procedure to inform Student Financial Aid when a graduate student withdrawals. Effect: The R2T4 calculation was not performed for a student who withdrew resulting in noncompliance with Title IV requirements. Questioned Costs: $2,402 in unreturned Title IV funds. Recommendation: It is recommended that the University implement policies and procedures for withdrawals of graduate students and R2T4 calculations and implement enhanced tracking procedures to ensure timely R2T4 calculations and returns. View of Responsible Officials and Planned Corrective Actions: Management agrees with the finding and recommendation. The University will implement a process that ensures notification from the Registrar when a student drops from any course or from the University. A review of R2T4 will be completed at that time if deemed necessary. The process will be reviewed annually by the University to ensure compliance.
Finding 2024-001
Finding 2024-001 – Special Tests and Provisions, Return of Title IV Calculations Federal Program – Federal Direct Student Loans, Federal Pell Grant Program Federal Agency - U.S. Department of Education Pass-Through Entity - Not Applicable Assistance Listing Number - 84.063, 84.268 Federal Award Year - May 31, 2024 Criteria: 34 CFR 668.22 requires that when a recipient of Title IV grant or loan assistance withdraws from an institution during a payment period or period of enrollment in which the recipient began attendance, the institution must determine the amount of Title IV grant or loan assistance that the student earned as of the student's withdrawal date in accordance with Federal regulations and return the unearned portion of the grant or loan funds to the Title IV programs as soon as possible but no later than 45 days after the withdrawal date. Condition/Context: In a sample of 18 students that withdrew during the fiscal year testing, a return of Title IV (R2T4) calculation was not performed for one student. The sample was not a statistically valid sample. Cause: The University’s Registrar did not have a procedure to inform Student Financial Aid when a graduate student withdrawals. Effect: The R2T4 calculation was not performed for a student who withdrew resulting in noncompliance with Title IV requirements. Questioned Costs: $2,402 in unreturned Title IV funds. Recommendation: It is recommended that the University implement policies and procedures for withdrawals of graduate students and R2T4 calculations and implement enhanced tracking procedures to ensure timely R2T4 calculations and returns. View of Responsible Officials and Planned Corrective Actions: Management agrees with the finding and recommendation. The University will implement a process that ensures notification from the Registrar when a student drops from any course or from the University. A review of R2T4 will be completed at that time if deemed necessary. The process will be reviewed annually by the University to ensure compliance.
Finding 2024-001
Finding 2024-001 – Special Tests and Provisions, Return of Title IV Calculations Federal Program – Federal Direct Student Loans, Federal Pell Grant Program Federal Agency - U.S. Department of Education Pass-Through Entity - Not Applicable Assistance Listing Number - 84.063, 84.268 Federal Award Year - May 31, 2024 Criteria: 34 CFR 668.22 requires that when a recipient of Title IV grant or loan assistance withdraws from an institution during a payment period or period of enrollment in which the recipient began attendance, the institution must determine the amount of Title IV grant or loan assistance that the student earned as of the student's withdrawal date in accordance with Federal regulations and return the unearned portion of the grant or loan funds to the Title IV programs as soon as possible but no later than 45 days after the withdrawal date. Condition/Context: In a sample of 18 students that withdrew during the fiscal year testing, a return of Title IV (R2T4) calculation was not performed for one student. The sample was not a statistically valid sample. Cause: The University’s Registrar did not have a procedure to inform Student Financial Aid when a graduate student withdrawals. Effect: The R2T4 calculation was not performed for a student who withdrew resulting in noncompliance with Title IV requirements. Questioned Costs: $2,402 in unreturned Title IV funds. Recommendation: It is recommended that the University implement policies and procedures for withdrawals of graduate students and R2T4 calculations and implement enhanced tracking procedures to ensure timely R2T4 calculations and returns. View of Responsible Officials and Planned Corrective Actions: Management agrees with the finding and recommendation. The University will implement a process that ensures notification from the Registrar when a student drops from any course or from the University. A review of R2T4 will be completed at that time if deemed necessary. The process will be reviewed annually by the University to ensure compliance.
Finding 2024-001
Finding 2024-001 – Special Tests and Provisions, Return of Title IV Calculations Federal Program – Federal Direct Student Loans, Federal Pell Grant Program Federal Agency - U.S. Department of Education Pass-Through Entity - Not Applicable Assistance Listing Number - 84.063, 84.268 Federal Award Year - May 31, 2024 Criteria: 34 CFR 668.22 requires that when a recipient of Title IV grant or loan assistance withdraws from an institution during a payment period or period of enrollment in which the recipient began attendance, the institution must determine the amount of Title IV grant or loan assistance that the student earned as of the student's withdrawal date in accordance with Federal regulations and return the unearned portion of the grant or loan funds to the Title IV programs as soon as possible but no later than 45 days after the withdrawal date. Condition/Context: In a sample of 18 students that withdrew during the fiscal year testing, a return of Title IV (R2T4) calculation was not performed for one student. The sample was not a statistically valid sample. Cause: The University’s Registrar did not have a procedure to inform Student Financial Aid when a graduate student withdrawals. Effect: The R2T4 calculation was not performed for a student who withdrew resulting in noncompliance with Title IV requirements. Questioned Costs: $2,402 in unreturned Title IV funds. Recommendation: It is recommended that the University implement policies and procedures for withdrawals of graduate students and R2T4 calculations and implement enhanced tracking procedures to ensure timely R2T4 calculations and returns. View of Responsible Officials and Planned Corrective Actions: Management agrees with the finding and recommendation. The University will implement a process that ensures notification from the Registrar when a student drops from any course or from the University. A review of R2T4 will be completed at that time if deemed necessary. The process will be reviewed annually by the University to ensure compliance.