FAC Explorer

Audit 344611

FY End
2024-06-30
Total Expended
$34.60M
Findings
12
Programs
38
Organization: Benedict College (SC)
Year: 2024 Accepted: 2025-03-04
Auditor: Capincrouse LLC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
525538 2024-001 Significant Deficiency - N
525539 2024-001 Significant Deficiency - N
525540 2024-002 - - N
525541 2024-002 - - N
525542 2024-002 - - N
525543 2024-002 - - N
1101980 2024-001 Significant Deficiency - N
1101981 2024-001 Significant Deficiency - N
1101982 2024-002 - - N
1101983 2024-002 - - N
1101984 2024-002 - - N
1101985 2024-002 - - N

Programs

ALN Program Spent Major Findings
84.268 Federal Direct Student Loans $12.04M Yes 2
84.063 Federal Pell Grant Program $6.83M Yes 2
84.425 Covid-19 Education Stabilization Fund Heerf Historically Black Colleges and Universities (hbcus) $1.56M - 0
84.031 Higher Education Institutional Aid $1.12M Yes 0
11.028 Connecting Minority Communities Pilot Program $885,577 Yes 0
84.425 Covid-19 Education Stabilization Fund Governor's Emergency Education Relief Fund $650,188 - 0
84.425 Covid-19 Education Stabilization Fund Heerf Student Aid Portion $563,536 - 0
81.137 Minority Economic Impact $520,539 - 0
15.904 Historic Preservation Fund Grants-in-Aid $500,000 Yes 0
84.007 Federal Supplemental Educational Opportunity Grants $477,744 Yes 1
84.033 Federal Work-Study Program $443,408 Yes 1
15.932 Preservation of Historic Structures on the Campuses of Historically Black Colleges and Universities (hbcus). $442,806 - 0
17.289 Community Project Funding/congressionally Directed Spending $338,666 - 0
11.024 Build to Scale $335,735 - 0
93.354 Public Health Emergency Response: Cooperative Agreement for Emergency Response: Public Health Crisis Response $332,556 - 0
84.047 Trio Upward Bound $326,654 Yes 0
81.104 Environmental Remediation and Waste Processing and Disposal $212,601 - 0
20.701 University Transportation Centers Program $202,416 - 0
84.120 Minority Science and Engineering Improvement $181,779 - 0
47.049 Mathematical and Physical Sciences $178,185 - 0
59.077 Community Navigator Pilot Program $92,274 - 0
12.330 Science, Technology, Engineering & Mathematics (stem) Education, Outreach and Workforce Program $90,393 - 0
59.043 Women's Business Ownership Assistance $83,610 - 0
81.123 National Nuclear Security Administration (nnsa) Minority Serving Institutions (msi) Program $70,540 - 0
84.425 Covid-19 Education Stabilization Fund American Rescue Plan--Elementary and Secondary School Emergency Relief (arp Esser) $58,069 - 0
20.237 Motor Carrier Safety Assistance High Priority Activities Grants and Cooperative Agreements $54,911 - 0
43.002 Aeronautics $42,419 - 0
11.034 Mbda Capital Readiness Program $41,947 - 0
93.959 Block Grants for Prevention and Treatment of Substance Abuse $31,566 - 0
20.215 Highway Training and Education $25,397 - 0
93.297 Teenage Pregnancy Prevention Program $23,230 - 0
47.070 Computer and Information Science and Engineering $16,561 - 0
47.084 Nsf Technology, Innovation, and Partnerships $13,881 - 0
11.620 Science, Technology, Business And/or Education Outreach $8,454 - 0
93.859 Biomedical Research and Research Training $8,315 - 0
43.008 Office of Stem Engagement (ostem) $7,928 - 0
47.083 Integrative Activities $4,659 - 0
47.076 Stem Education (formerly Education and Human Resources) $4,502 - 0

Contacts

Name Title Type
HSHMHVL8L7D5 Jackie Brown Auditee
8037054971 Rachel McMichael, CPA Auditor
No contacts on file

Notes to SEFA

Title: RELATIONSHIP TO FINANCIAL STATEMENTS Accounting Policies: The accompanying schedule of expenditures of federal awards (the schedule) includes the federal grant activity of Benedict College (College) 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 the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in the schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. Expenditures in 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 represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. If the College is required to match certain federal assistance, as defined by the grant agreements, no such matching has been included as expenditures in the schedule. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. See the Notes to the SEFA for chart/table
Title: SUBRECIPIENTS, NON-CASH ASSISTANCE, FEDERAL INSURANCE, LOANS, AND LOAN GUARANTEES Accounting Policies: The accompanying schedule of expenditures of federal awards (the schedule) includes the federal grant activity of Benedict College (College) 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 the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in the schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. Expenditures in 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 represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. If the College is required to match certain federal assistance, as defined by the grant agreements, no such matching has been included as expenditures in the schedule. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. The College did not provide any federal funds to subrecipients nor did they receive any federal non-cash assistance, insurance, loans, or loan guarantees.
Title: INSTITUTION ELIGIBILITY LIMITATIONS IN ACCORDANCE WITH 34 CFR 600.7(a)1 Accounting Policies: The accompanying schedule of expenditures of federal awards (the schedule) includes the federal grant activity of Benedict College (College) 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 the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in the schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. Expenditures in 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 represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. If the College is required to match certain federal assistance, as defined by the grant agreements, no such matching has been included as expenditures in the schedule. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. To maintain institutional eligibility to participate in the Department of Education’s Title IV financial aid programs, the College is required to comply with 34 CFR 600.7(a)1 which limits the number of correspondence courses, the number of students enrolled in correspondence courses, the number of incarcerated students enrolled, and the number of students enrolled without a high school diploma or recognized equivalent. As part of the audit procedures, compliance with these limitations was tested. No non-compliance with the requirements was noted.

Finding Details

Finding 2024-001
Return of Title IV (R2T4) Significant Deficiency DEPARTMENT OF EDUCATION ALN #: 84.063 Federal Pell Grants and 84.268 Federal Direct Student Loans Federal Award Identification #: 2023-2024 Award Year Condition: When students withdrew either officially or unofficially, the College did not always return unearned Title IV aid timely. Additionally, the College did not always calculate the R2T4 correctly. Criteria: 34 CFR 668.22 Questioned Costs: $441 Context: Out of 25 students, 1 student who withdrew during the audit period tested had funds returned 6 days late. Additionally, this student’s R2T4 was not properly calculated. The College did not adjust the student’s Pell grant based on courses the student began attendance in before completing the R2T4. This error resulted in $441 in Pell grant funds that need to be returned to the Department of Education. Cause: The R2T4 calculation error was due to oversight by management when processing the R2T4 because the student changed enrollment level several times before the R2T4 was processed. This also caused the return to be processed late. Effect: Noncompliance with R2T4 regulations. Identification as repeat finding, if applicable: Not applicable. Recommendation: We recommend an individual in financial aid with the appropriate level of experience periodically review R2T4 calculations and returns to help ensure that internal controls over such process can operate effectively and achieve compliance. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.
Finding 2024-001
Return of Title IV (R2T4) Significant Deficiency DEPARTMENT OF EDUCATION ALN #: 84.063 Federal Pell Grants and 84.268 Federal Direct Student Loans Federal Award Identification #: 2023-2024 Award Year Condition: When students withdrew either officially or unofficially, the College did not always return unearned Title IV aid timely. Additionally, the College did not always calculate the R2T4 correctly. Criteria: 34 CFR 668.22 Questioned Costs: $441 Context: Out of 25 students, 1 student who withdrew during the audit period tested had funds returned 6 days late. Additionally, this student’s R2T4 was not properly calculated. The College did not adjust the student’s Pell grant based on courses the student began attendance in before completing the R2T4. This error resulted in $441 in Pell grant funds that need to be returned to the Department of Education. Cause: The R2T4 calculation error was due to oversight by management when processing the R2T4 because the student changed enrollment level several times before the R2T4 was processed. This also caused the return to be processed late. Effect: Noncompliance with R2T4 regulations. Identification as repeat finding, if applicable: Not applicable. Recommendation: We recommend an individual in financial aid with the appropriate level of experience periodically review R2T4 calculations and returns to help ensure that internal controls over such process can operate effectively and achieve compliance. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.
Finding 2024-002
Gramm-Leach-Bliley Act (GLBA) Compliance DEPARTMENT OF EDUCATION ALN #: 84.268, 84.063, 84.007, and 84.033 Student Financial Assistance Cluster Federal Award Identification #: 2023-2024 Award Year Condition: The College did not sufficiently comply with all of the updated requirements of GLBA. Criteria: 16 CFR 314.4 Questioned Costs: $0 Context: The College has not sufficiently documented its security risk assessment and safeguards, including general threats, or provided a written, annual report to the board. Cause: The College prioritized certain aspects of GLBA during the year with two components remaining. Effect: The College has two gaps to fully address the requirements of GLBA, which if not adressed may lead to unintended exposure of student information to security risks. Identification as repeat finding, if applicable: Not applicable. Recommendation: We recommend the College allocate sufficient resources to address the remaining requirements of GLBA. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.
Finding 2024-002
Gramm-Leach-Bliley Act (GLBA) Compliance DEPARTMENT OF EDUCATION ALN #: 84.268, 84.063, 84.007, and 84.033 Student Financial Assistance Cluster Federal Award Identification #: 2023-2024 Award Year Condition: The College did not sufficiently comply with all of the updated requirements of GLBA. Criteria: 16 CFR 314.4 Questioned Costs: $0 Context: The College has not sufficiently documented its security risk assessment and safeguards, including general threats, or provided a written, annual report to the board. Cause: The College prioritized certain aspects of GLBA during the year with two components remaining. Effect: The College has two gaps to fully address the requirements of GLBA, which if not adressed may lead to unintended exposure of student information to security risks. Identification as repeat finding, if applicable: Not applicable. Recommendation: We recommend the College allocate sufficient resources to address the remaining requirements of GLBA. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.
Finding 2024-002
Gramm-Leach-Bliley Act (GLBA) Compliance DEPARTMENT OF EDUCATION ALN #: 84.268, 84.063, 84.007, and 84.033 Student Financial Assistance Cluster Federal Award Identification #: 2023-2024 Award Year Condition: The College did not sufficiently comply with all of the updated requirements of GLBA. Criteria: 16 CFR 314.4 Questioned Costs: $0 Context: The College has not sufficiently documented its security risk assessment and safeguards, including general threats, or provided a written, annual report to the board. Cause: The College prioritized certain aspects of GLBA during the year with two components remaining. Effect: The College has two gaps to fully address the requirements of GLBA, which if not adressed may lead to unintended exposure of student information to security risks. Identification as repeat finding, if applicable: Not applicable. Recommendation: We recommend the College allocate sufficient resources to address the remaining requirements of GLBA. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.
Finding 2024-002
Gramm-Leach-Bliley Act (GLBA) Compliance DEPARTMENT OF EDUCATION ALN #: 84.268, 84.063, 84.007, and 84.033 Student Financial Assistance Cluster Federal Award Identification #: 2023-2024 Award Year Condition: The College did not sufficiently comply with all of the updated requirements of GLBA. Criteria: 16 CFR 314.4 Questioned Costs: $0 Context: The College has not sufficiently documented its security risk assessment and safeguards, including general threats, or provided a written, annual report to the board. Cause: The College prioritized certain aspects of GLBA during the year with two components remaining. Effect: The College has two gaps to fully address the requirements of GLBA, which if not adressed may lead to unintended exposure of student information to security risks. Identification as repeat finding, if applicable: Not applicable. Recommendation: We recommend the College allocate sufficient resources to address the remaining requirements of GLBA. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.
Finding 2024-001
Return of Title IV (R2T4) Significant Deficiency DEPARTMENT OF EDUCATION ALN #: 84.063 Federal Pell Grants and 84.268 Federal Direct Student Loans Federal Award Identification #: 2023-2024 Award Year Condition: When students withdrew either officially or unofficially, the College did not always return unearned Title IV aid timely. Additionally, the College did not always calculate the R2T4 correctly. Criteria: 34 CFR 668.22 Questioned Costs: $441 Context: Out of 25 students, 1 student who withdrew during the audit period tested had funds returned 6 days late. Additionally, this student’s R2T4 was not properly calculated. The College did not adjust the student’s Pell grant based on courses the student began attendance in before completing the R2T4. This error resulted in $441 in Pell grant funds that need to be returned to the Department of Education. Cause: The R2T4 calculation error was due to oversight by management when processing the R2T4 because the student changed enrollment level several times before the R2T4 was processed. This also caused the return to be processed late. Effect: Noncompliance with R2T4 regulations. Identification as repeat finding, if applicable: Not applicable. Recommendation: We recommend an individual in financial aid with the appropriate level of experience periodically review R2T4 calculations and returns to help ensure that internal controls over such process can operate effectively and achieve compliance. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.
Finding 2024-001
Return of Title IV (R2T4) Significant Deficiency DEPARTMENT OF EDUCATION ALN #: 84.063 Federal Pell Grants and 84.268 Federal Direct Student Loans Federal Award Identification #: 2023-2024 Award Year Condition: When students withdrew either officially or unofficially, the College did not always return unearned Title IV aid timely. Additionally, the College did not always calculate the R2T4 correctly. Criteria: 34 CFR 668.22 Questioned Costs: $441 Context: Out of 25 students, 1 student who withdrew during the audit period tested had funds returned 6 days late. Additionally, this student’s R2T4 was not properly calculated. The College did not adjust the student’s Pell grant based on courses the student began attendance in before completing the R2T4. This error resulted in $441 in Pell grant funds that need to be returned to the Department of Education. Cause: The R2T4 calculation error was due to oversight by management when processing the R2T4 because the student changed enrollment level several times before the R2T4 was processed. This also caused the return to be processed late. Effect: Noncompliance with R2T4 regulations. Identification as repeat finding, if applicable: Not applicable. Recommendation: We recommend an individual in financial aid with the appropriate level of experience periodically review R2T4 calculations and returns to help ensure that internal controls over such process can operate effectively and achieve compliance. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.
Finding 2024-002
Gramm-Leach-Bliley Act (GLBA) Compliance DEPARTMENT OF EDUCATION ALN #: 84.268, 84.063, 84.007, and 84.033 Student Financial Assistance Cluster Federal Award Identification #: 2023-2024 Award Year Condition: The College did not sufficiently comply with all of the updated requirements of GLBA. Criteria: 16 CFR 314.4 Questioned Costs: $0 Context: The College has not sufficiently documented its security risk assessment and safeguards, including general threats, or provided a written, annual report to the board. Cause: The College prioritized certain aspects of GLBA during the year with two components remaining. Effect: The College has two gaps to fully address the requirements of GLBA, which if not adressed may lead to unintended exposure of student information to security risks. Identification as repeat finding, if applicable: Not applicable. Recommendation: We recommend the College allocate sufficient resources to address the remaining requirements of GLBA. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.
Finding 2024-002
Gramm-Leach-Bliley Act (GLBA) Compliance DEPARTMENT OF EDUCATION ALN #: 84.268, 84.063, 84.007, and 84.033 Student Financial Assistance Cluster Federal Award Identification #: 2023-2024 Award Year Condition: The College did not sufficiently comply with all of the updated requirements of GLBA. Criteria: 16 CFR 314.4 Questioned Costs: $0 Context: The College has not sufficiently documented its security risk assessment and safeguards, including general threats, or provided a written, annual report to the board. Cause: The College prioritized certain aspects of GLBA during the year with two components remaining. Effect: The College has two gaps to fully address the requirements of GLBA, which if not adressed may lead to unintended exposure of student information to security risks. Identification as repeat finding, if applicable: Not applicable. Recommendation: We recommend the College allocate sufficient resources to address the remaining requirements of GLBA. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.
Finding 2024-002
Gramm-Leach-Bliley Act (GLBA) Compliance DEPARTMENT OF EDUCATION ALN #: 84.268, 84.063, 84.007, and 84.033 Student Financial Assistance Cluster Federal Award Identification #: 2023-2024 Award Year Condition: The College did not sufficiently comply with all of the updated requirements of GLBA. Criteria: 16 CFR 314.4 Questioned Costs: $0 Context: The College has not sufficiently documented its security risk assessment and safeguards, including general threats, or provided a written, annual report to the board. Cause: The College prioritized certain aspects of GLBA during the year with two components remaining. Effect: The College has two gaps to fully address the requirements of GLBA, which if not adressed may lead to unintended exposure of student information to security risks. Identification as repeat finding, if applicable: Not applicable. Recommendation: We recommend the College allocate sufficient resources to address the remaining requirements of GLBA. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.
Finding 2024-002
Gramm-Leach-Bliley Act (GLBA) Compliance DEPARTMENT OF EDUCATION ALN #: 84.268, 84.063, 84.007, and 84.033 Student Financial Assistance Cluster Federal Award Identification #: 2023-2024 Award Year Condition: The College did not sufficiently comply with all of the updated requirements of GLBA. Criteria: 16 CFR 314.4 Questioned Costs: $0 Context: The College has not sufficiently documented its security risk assessment and safeguards, including general threats, or provided a written, annual report to the board. Cause: The College prioritized certain aspects of GLBA during the year with two components remaining. Effect: The College has two gaps to fully address the requirements of GLBA, which if not adressed may lead to unintended exposure of student information to security risks. Identification as repeat finding, if applicable: Not applicable. Recommendation: We recommend the College allocate sufficient resources to address the remaining requirements of GLBA. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.