Audit 344703

FY End
2024-06-30
Total Expended
$12.33M
Findings
10
Programs
9
Organization: Allegheny College (PA)
Year: 2024 Accepted: 2025-03-04

Organization Exclusion Status:

Checking exclusion status...

Findings

ID Ref Severity Repeat Requirement
525598 2024-001 Significant Deficiency - L
525599 2024-001 Significant Deficiency - L
525600 2024-001 Significant Deficiency - L
525601 2024-001 Significant Deficiency - L
525602 2024-001 Significant Deficiency - L
1102040 2024-001 Significant Deficiency - L
1102041 2024-001 Significant Deficiency - L
1102042 2024-001 Significant Deficiency - L
1102043 2024-001 Significant Deficiency - L
1102044 2024-001 Significant Deficiency - L

Programs

Contacts

Name Title Type
CGJ6NG31PRJ5 Linda Wetsell Auditee
8143324790 Staci Brogan Auditor
No contacts on file

Notes to SEFA

Title: Basis of Presentation Accounting Policies: NOTE 1 - BASIS OF PRESENTATION The accompanying schedule of expenditures of federal awards (Schedule) includes the federal award activity of Allegheny College (College) under programs of the federal government for the year ended June 30, 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). Since the Schedule presents only a selected portion of the operations of the College, it is not intended to, and does not, present the financial position, changes in net assets or cash flows of the College. NOTE 2 - SUMMARY OF SIGNIFICANT 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. NOTE 3 - INDIRECT COST RATE The College has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. The College negotiates its indirect cost rate directly with the federal government at an amount that generally exceeds 10%. NOTE 4 - FEDERAL STUDENT LOAN PROGRAMS The federal student loan programs listed subsequently are administered directly by the College, and balances and transactions relating to these programs are included in the College’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. The balance of loans outstanding at June 30, 2024 consists of: Outstanding Balance at Asset Listing Program Name June 30, 2024 84.038 Perkins Loan Program $ 1,283,292 De Minimis Rate Used: N Rate Explanation: The Institute has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. Basis of Presentation
Title: Summary of Significant Accounting Policies Accounting Policies: NOTE 1 - BASIS OF PRESENTATION The accompanying schedule of expenditures of federal awards (Schedule) includes the federal award activity of Allegheny College (College) under programs of the federal government for the year ended June 30, 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). Since the Schedule presents only a selected portion of the operations of the College, it is not intended to, and does not, present the financial position, changes in net assets or cash flows of the College. NOTE 2 - SUMMARY OF SIGNIFICANT 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. NOTE 3 - INDIRECT COST RATE The College has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. The College negotiates its indirect cost rate directly with the federal government at an amount that generally exceeds 10%. NOTE 4 - FEDERAL STUDENT LOAN PROGRAMS The federal student loan programs listed subsequently are administered directly by the College, and balances and transactions relating to these programs are included in the College’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. The balance of loans outstanding at June 30, 2024 consists of: Outstanding Balance at Asset Listing Program Name June 30, 2024 84.038 Perkins Loan Program $ 1,283,292 De Minimis Rate Used: N Rate Explanation: The Institute has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. Summary of Significant Accounting Policies
Title: Indirect Cost Rate Accounting Policies: NOTE 1 - BASIS OF PRESENTATION The accompanying schedule of expenditures of federal awards (Schedule) includes the federal award activity of Allegheny College (College) under programs of the federal government for the year ended June 30, 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). Since the Schedule presents only a selected portion of the operations of the College, it is not intended to, and does not, present the financial position, changes in net assets or cash flows of the College. NOTE 2 - SUMMARY OF SIGNIFICANT 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. NOTE 3 - INDIRECT COST RATE The College has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. The College negotiates its indirect cost rate directly with the federal government at an amount that generally exceeds 10%. NOTE 4 - FEDERAL STUDENT LOAN PROGRAMS The federal student loan programs listed subsequently are administered directly by the College, and balances and transactions relating to these programs are included in the College’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. The balance of loans outstanding at June 30, 2024 consists of: Outstanding Balance at Asset Listing Program Name June 30, 2024 84.038 Perkins Loan Program $ 1,283,292 De Minimis Rate Used: N Rate Explanation: The Institute has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. Indirect Cost Rate
Title: Federal Student Loans Program Accounting Policies: NOTE 1 - BASIS OF PRESENTATION The accompanying schedule of expenditures of federal awards (Schedule) includes the federal award activity of Allegheny College (College) under programs of the federal government for the year ended June 30, 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). Since the Schedule presents only a selected portion of the operations of the College, it is not intended to, and does not, present the financial position, changes in net assets or cash flows of the College. NOTE 2 - SUMMARY OF SIGNIFICANT 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. NOTE 3 - INDIRECT COST RATE The College has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. The College negotiates its indirect cost rate directly with the federal government at an amount that generally exceeds 10%. NOTE 4 - FEDERAL STUDENT LOAN PROGRAMS The federal student loan programs listed subsequently are administered directly by the College, and balances and transactions relating to these programs are included in the College’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. The balance of loans outstanding at June 30, 2024 consists of: Outstanding Balance at Asset Listing Program Name June 30, 2024 84.038 Perkins Loan Program $ 1,283,292 De Minimis Rate Used: N Rate Explanation: The Institute has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. Federal Student Loan Programs

Finding Details

Finding 2024-001: Student Financial Assistance Cluster, Department of Education Programs Program Names: Student Financial Assistance Cluster, Department of Education Programs Assistance Listing Numbers: 84.007, 84.033, 84.038, 84.063 and 84.268. Criteria or Specific Requirement: 34 CFR 685.309 and 34 CFR 690.83(b)(2) require the institution to update its Enrollment Reporting roster file at a minimum of every 60 days. Once a change in enrollment status has been received, the institution must update its roster file for changes in student status, report the date the enrollment status was effective, enter the new anticipated completion date, and submit the changes electronically through the batch method or the NSLDS website. Condition: The College did not update certain changes in student status within the 60-day required time frame in one instance out of the 40 enrollment changes tested. We investigated others that were academically dismissed and identified a total of 12 students who were not notified in a timely manner; however, the effective date was correct when notified after the 60-day time frame. Cause: The exception noted was a result of the College not reporting enrollment changes during the summer term. Effect or Potential Effect: The College did not comply with the provisions of 34 CFR 685.309 and 24 CFR 690.83(b)(2), resulting in a significant deficiency in internal control over major programs for federal awards. Questioned Costs: None noted. Context: One instance of noncompliance was identified in a sample of 40 students.   Finding 2024-001 (continued): Identification as a Repeat Finding, if applicable: This is not a repeat finding. Recommendation: We recommend that the College develop and document policies and procedures to ensure that all changes in student status are reported accurately, completely and in a timely manner. We also recommend that the College report changes in student status during the summer months to ensure compliance with the required 60-day time frame. View of Responsible Officials: Management concurs with this finding. See separate corrective action plan document.
Finding 2024-001: Student Financial Assistance Cluster, Department of Education Programs Program Names: Student Financial Assistance Cluster, Department of Education Programs Assistance Listing Numbers: 84.007, 84.033, 84.038, 84.063 and 84.268. Criteria or Specific Requirement: 34 CFR 685.309 and 34 CFR 690.83(b)(2) require the institution to update its Enrollment Reporting roster file at a minimum of every 60 days. Once a change in enrollment status has been received, the institution must update its roster file for changes in student status, report the date the enrollment status was effective, enter the new anticipated completion date, and submit the changes electronically through the batch method or the NSLDS website. Condition: The College did not update certain changes in student status within the 60-day required time frame in one instance out of the 40 enrollment changes tested. We investigated others that were academically dismissed and identified a total of 12 students who were not notified in a timely manner; however, the effective date was correct when notified after the 60-day time frame. Cause: The exception noted was a result of the College not reporting enrollment changes during the summer term. Effect or Potential Effect: The College did not comply with the provisions of 34 CFR 685.309 and 24 CFR 690.83(b)(2), resulting in a significant deficiency in internal control over major programs for federal awards. Questioned Costs: None noted. Context: One instance of noncompliance was identified in a sample of 40 students.   Finding 2024-001 (continued): Identification as a Repeat Finding, if applicable: This is not a repeat finding. Recommendation: We recommend that the College develop and document policies and procedures to ensure that all changes in student status are reported accurately, completely and in a timely manner. We also recommend that the College report changes in student status during the summer months to ensure compliance with the required 60-day time frame. View of Responsible Officials: Management concurs with this finding. See separate corrective action plan document.
Finding 2024-001: Student Financial Assistance Cluster, Department of Education Programs Program Names: Student Financial Assistance Cluster, Department of Education Programs Assistance Listing Numbers: 84.007, 84.033, 84.038, 84.063 and 84.268. Criteria or Specific Requirement: 34 CFR 685.309 and 34 CFR 690.83(b)(2) require the institution to update its Enrollment Reporting roster file at a minimum of every 60 days. Once a change in enrollment status has been received, the institution must update its roster file for changes in student status, report the date the enrollment status was effective, enter the new anticipated completion date, and submit the changes electronically through the batch method or the NSLDS website. Condition: The College did not update certain changes in student status within the 60-day required time frame in one instance out of the 40 enrollment changes tested. We investigated others that were academically dismissed and identified a total of 12 students who were not notified in a timely manner; however, the effective date was correct when notified after the 60-day time frame. Cause: The exception noted was a result of the College not reporting enrollment changes during the summer term. Effect or Potential Effect: The College did not comply with the provisions of 34 CFR 685.309 and 24 CFR 690.83(b)(2), resulting in a significant deficiency in internal control over major programs for federal awards. Questioned Costs: None noted. Context: One instance of noncompliance was identified in a sample of 40 students.   Finding 2024-001 (continued): Identification as a Repeat Finding, if applicable: This is not a repeat finding. Recommendation: We recommend that the College develop and document policies and procedures to ensure that all changes in student status are reported accurately, completely and in a timely manner. We also recommend that the College report changes in student status during the summer months to ensure compliance with the required 60-day time frame. View of Responsible Officials: Management concurs with this finding. See separate corrective action plan document.
Finding 2024-001: Student Financial Assistance Cluster, Department of Education Programs Program Names: Student Financial Assistance Cluster, Department of Education Programs Assistance Listing Numbers: 84.007, 84.033, 84.038, 84.063 and 84.268. Criteria or Specific Requirement: 34 CFR 685.309 and 34 CFR 690.83(b)(2) require the institution to update its Enrollment Reporting roster file at a minimum of every 60 days. Once a change in enrollment status has been received, the institution must update its roster file for changes in student status, report the date the enrollment status was effective, enter the new anticipated completion date, and submit the changes electronically through the batch method or the NSLDS website. Condition: The College did not update certain changes in student status within the 60-day required time frame in one instance out of the 40 enrollment changes tested. We investigated others that were academically dismissed and identified a total of 12 students who were not notified in a timely manner; however, the effective date was correct when notified after the 60-day time frame. Cause: The exception noted was a result of the College not reporting enrollment changes during the summer term. Effect or Potential Effect: The College did not comply with the provisions of 34 CFR 685.309 and 24 CFR 690.83(b)(2), resulting in a significant deficiency in internal control over major programs for federal awards. Questioned Costs: None noted. Context: One instance of noncompliance was identified in a sample of 40 students.   Finding 2024-001 (continued): Identification as a Repeat Finding, if applicable: This is not a repeat finding. Recommendation: We recommend that the College develop and document policies and procedures to ensure that all changes in student status are reported accurately, completely and in a timely manner. We also recommend that the College report changes in student status during the summer months to ensure compliance with the required 60-day time frame. View of Responsible Officials: Management concurs with this finding. See separate corrective action plan document.
Finding 2024-001: Student Financial Assistance Cluster, Department of Education Programs Program Names: Student Financial Assistance Cluster, Department of Education Programs Assistance Listing Numbers: 84.007, 84.033, 84.038, 84.063 and 84.268. Criteria or Specific Requirement: 34 CFR 685.309 and 34 CFR 690.83(b)(2) require the institution to update its Enrollment Reporting roster file at a minimum of every 60 days. Once a change in enrollment status has been received, the institution must update its roster file for changes in student status, report the date the enrollment status was effective, enter the new anticipated completion date, and submit the changes electronically through the batch method or the NSLDS website. Condition: The College did not update certain changes in student status within the 60-day required time frame in one instance out of the 40 enrollment changes tested. We investigated others that were academically dismissed and identified a total of 12 students who were not notified in a timely manner; however, the effective date was correct when notified after the 60-day time frame. Cause: The exception noted was a result of the College not reporting enrollment changes during the summer term. Effect or Potential Effect: The College did not comply with the provisions of 34 CFR 685.309 and 24 CFR 690.83(b)(2), resulting in a significant deficiency in internal control over major programs for federal awards. Questioned Costs: None noted. Context: One instance of noncompliance was identified in a sample of 40 students.   Finding 2024-001 (continued): Identification as a Repeat Finding, if applicable: This is not a repeat finding. Recommendation: We recommend that the College develop and document policies and procedures to ensure that all changes in student status are reported accurately, completely and in a timely manner. We also recommend that the College report changes in student status during the summer months to ensure compliance with the required 60-day time frame. View of Responsible Officials: Management concurs with this finding. See separate corrective action plan document.
Finding 2024-001: Student Financial Assistance Cluster, Department of Education Programs Program Names: Student Financial Assistance Cluster, Department of Education Programs Assistance Listing Numbers: 84.007, 84.033, 84.038, 84.063 and 84.268. Criteria or Specific Requirement: 34 CFR 685.309 and 34 CFR 690.83(b)(2) require the institution to update its Enrollment Reporting roster file at a minimum of every 60 days. Once a change in enrollment status has been received, the institution must update its roster file for changes in student status, report the date the enrollment status was effective, enter the new anticipated completion date, and submit the changes electronically through the batch method or the NSLDS website. Condition: The College did not update certain changes in student status within the 60-day required time frame in one instance out of the 40 enrollment changes tested. We investigated others that were academically dismissed and identified a total of 12 students who were not notified in a timely manner; however, the effective date was correct when notified after the 60-day time frame. Cause: The exception noted was a result of the College not reporting enrollment changes during the summer term. Effect or Potential Effect: The College did not comply with the provisions of 34 CFR 685.309 and 24 CFR 690.83(b)(2), resulting in a significant deficiency in internal control over major programs for federal awards. Questioned Costs: None noted. Context: One instance of noncompliance was identified in a sample of 40 students.   Finding 2024-001 (continued): Identification as a Repeat Finding, if applicable: This is not a repeat finding. Recommendation: We recommend that the College develop and document policies and procedures to ensure that all changes in student status are reported accurately, completely and in a timely manner. We also recommend that the College report changes in student status during the summer months to ensure compliance with the required 60-day time frame. View of Responsible Officials: Management concurs with this finding. See separate corrective action plan document.
Finding 2024-001: Student Financial Assistance Cluster, Department of Education Programs Program Names: Student Financial Assistance Cluster, Department of Education Programs Assistance Listing Numbers: 84.007, 84.033, 84.038, 84.063 and 84.268. Criteria or Specific Requirement: 34 CFR 685.309 and 34 CFR 690.83(b)(2) require the institution to update its Enrollment Reporting roster file at a minimum of every 60 days. Once a change in enrollment status has been received, the institution must update its roster file for changes in student status, report the date the enrollment status was effective, enter the new anticipated completion date, and submit the changes electronically through the batch method or the NSLDS website. Condition: The College did not update certain changes in student status within the 60-day required time frame in one instance out of the 40 enrollment changes tested. We investigated others that were academically dismissed and identified a total of 12 students who were not notified in a timely manner; however, the effective date was correct when notified after the 60-day time frame. Cause: The exception noted was a result of the College not reporting enrollment changes during the summer term. Effect or Potential Effect: The College did not comply with the provisions of 34 CFR 685.309 and 24 CFR 690.83(b)(2), resulting in a significant deficiency in internal control over major programs for federal awards. Questioned Costs: None noted. Context: One instance of noncompliance was identified in a sample of 40 students.   Finding 2024-001 (continued): Identification as a Repeat Finding, if applicable: This is not a repeat finding. Recommendation: We recommend that the College develop and document policies and procedures to ensure that all changes in student status are reported accurately, completely and in a timely manner. We also recommend that the College report changes in student status during the summer months to ensure compliance with the required 60-day time frame. View of Responsible Officials: Management concurs with this finding. See separate corrective action plan document.
Finding 2024-001: Student Financial Assistance Cluster, Department of Education Programs Program Names: Student Financial Assistance Cluster, Department of Education Programs Assistance Listing Numbers: 84.007, 84.033, 84.038, 84.063 and 84.268. Criteria or Specific Requirement: 34 CFR 685.309 and 34 CFR 690.83(b)(2) require the institution to update its Enrollment Reporting roster file at a minimum of every 60 days. Once a change in enrollment status has been received, the institution must update its roster file for changes in student status, report the date the enrollment status was effective, enter the new anticipated completion date, and submit the changes electronically through the batch method or the NSLDS website. Condition: The College did not update certain changes in student status within the 60-day required time frame in one instance out of the 40 enrollment changes tested. We investigated others that were academically dismissed and identified a total of 12 students who were not notified in a timely manner; however, the effective date was correct when notified after the 60-day time frame. Cause: The exception noted was a result of the College not reporting enrollment changes during the summer term. Effect or Potential Effect: The College did not comply with the provisions of 34 CFR 685.309 and 24 CFR 690.83(b)(2), resulting in a significant deficiency in internal control over major programs for federal awards. Questioned Costs: None noted. Context: One instance of noncompliance was identified in a sample of 40 students.   Finding 2024-001 (continued): Identification as a Repeat Finding, if applicable: This is not a repeat finding. Recommendation: We recommend that the College develop and document policies and procedures to ensure that all changes in student status are reported accurately, completely and in a timely manner. We also recommend that the College report changes in student status during the summer months to ensure compliance with the required 60-day time frame. View of Responsible Officials: Management concurs with this finding. See separate corrective action plan document.
Finding 2024-001: Student Financial Assistance Cluster, Department of Education Programs Program Names: Student Financial Assistance Cluster, Department of Education Programs Assistance Listing Numbers: 84.007, 84.033, 84.038, 84.063 and 84.268. Criteria or Specific Requirement: 34 CFR 685.309 and 34 CFR 690.83(b)(2) require the institution to update its Enrollment Reporting roster file at a minimum of every 60 days. Once a change in enrollment status has been received, the institution must update its roster file for changes in student status, report the date the enrollment status was effective, enter the new anticipated completion date, and submit the changes electronically through the batch method or the NSLDS website. Condition: The College did not update certain changes in student status within the 60-day required time frame in one instance out of the 40 enrollment changes tested. We investigated others that were academically dismissed and identified a total of 12 students who were not notified in a timely manner; however, the effective date was correct when notified after the 60-day time frame. Cause: The exception noted was a result of the College not reporting enrollment changes during the summer term. Effect or Potential Effect: The College did not comply with the provisions of 34 CFR 685.309 and 24 CFR 690.83(b)(2), resulting in a significant deficiency in internal control over major programs for federal awards. Questioned Costs: None noted. Context: One instance of noncompliance was identified in a sample of 40 students.   Finding 2024-001 (continued): Identification as a Repeat Finding, if applicable: This is not a repeat finding. Recommendation: We recommend that the College develop and document policies and procedures to ensure that all changes in student status are reported accurately, completely and in a timely manner. We also recommend that the College report changes in student status during the summer months to ensure compliance with the required 60-day time frame. View of Responsible Officials: Management concurs with this finding. See separate corrective action plan document.
Finding 2024-001: Student Financial Assistance Cluster, Department of Education Programs Program Names: Student Financial Assistance Cluster, Department of Education Programs Assistance Listing Numbers: 84.007, 84.033, 84.038, 84.063 and 84.268. Criteria or Specific Requirement: 34 CFR 685.309 and 34 CFR 690.83(b)(2) require the institution to update its Enrollment Reporting roster file at a minimum of every 60 days. Once a change in enrollment status has been received, the institution must update its roster file for changes in student status, report the date the enrollment status was effective, enter the new anticipated completion date, and submit the changes electronically through the batch method or the NSLDS website. Condition: The College did not update certain changes in student status within the 60-day required time frame in one instance out of the 40 enrollment changes tested. We investigated others that were academically dismissed and identified a total of 12 students who were not notified in a timely manner; however, the effective date was correct when notified after the 60-day time frame. Cause: The exception noted was a result of the College not reporting enrollment changes during the summer term. Effect or Potential Effect: The College did not comply with the provisions of 34 CFR 685.309 and 24 CFR 690.83(b)(2), resulting in a significant deficiency in internal control over major programs for federal awards. Questioned Costs: None noted. Context: One instance of noncompliance was identified in a sample of 40 students.   Finding 2024-001 (continued): Identification as a Repeat Finding, if applicable: This is not a repeat finding. Recommendation: We recommend that the College develop and document policies and procedures to ensure that all changes in student status are reported accurately, completely and in a timely manner. We also recommend that the College report changes in student status during the summer months to ensure compliance with the required 60-day time frame. View of Responsible Officials: Management concurs with this finding. See separate corrective action plan document.