FAC Explorer

Audit 346451

FY End
2024-06-30
Total Expended
$1.50M
Findings
8
Programs
2
Organization: Garrett-Evangelical Theological Seminary (IL)
Year: 2024 Accepted: 2025-03-17
Auditor: Plante & Moran PLLC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
528442 2024-003 Significant Deficiency - N
528443 2024-004 Significant Deficiency Yes N
528444 2024-003 Significant Deficiency - N
528445 2024-004 Significant Deficiency Yes N
1104884 2024-003 Significant Deficiency - N
1104885 2024-004 Significant Deficiency Yes N
1104886 2024-003 Significant Deficiency - N
1104887 2024-004 Significant Deficiency Yes N

Programs

ALN Program Spent Major Findings
84.268 Federal Direct Student Loans $141,749 Yes 2
84.033 Federal Work-Study Program $22,961 Yes 0

Contacts

Name Title Type
WBGRUARJNDN6 Javier Viera Auditee
8478663902 Steven Bishop Auditor
No contacts on file

Notes to SEFA

Accounting Policies: The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal grant activity of Garrett Evangelical Theological Seminary (the “Seminary”) 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 Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (the “Uniform Guidance”). Because the Schedule presents only a selected portion of the operations of the Seminary, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Seminary. Expenditures reported in the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, 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. The pass through entity identifying numbers are presented where available. The Seminary has elected not to use the 10 percent de minimis indirect cost rate to recover indirect costs, as allowed under the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: The Seminary has elected not to use the 10 percent de minimis indirect cost rate to recover indirect costs, as allowed under the Uniform Guidance.

Finding Details

Finding 2024-003
Assistance Listing Number, Federal Agency, and Program Name - 84.268, Department of Education, Federal Direct Student Loans Finding Type - Significant deficiency Repeat Finding - No Criteria - In accordance with 34 CFR 668.164(i), if a check sent to a student or parent is not returned to the institution but is not cashed, the institution must return the funds to the secretary no later than 240 days after the date it issued the check. The Seminary does not have outlined procedures or policy to ensure that the funds are returned to the Department of Education. Condition - During our review of internal controls, it was noted that the Seminary does not have a policy or procedures in place, as required by the Code of Federal Regulations. Questioned Costs - N/A Identification of How Questioned Costs Were Computed - N/A Context - The Code of Federal Regulations requires a policy and procedure to be in place to ensure uncashed checks are returned to the Department of Education. Cause and Effect - The lack of having a policy in place could lead to funds not being returned to the Department of Education. Recommendation - We recommend that a policy be documented and implemented. Views of Responsible Officials and Corrective Action Plan - The Seminary has implemented a written policy and procedure that complies with regulations.
Finding 2024-004
Assistance Listing Number, Federal Agency, and Program Name - 84.268, U.S. Department of Education, Federal Direct Student Loans Finding Type - Significant deficiency Repeat Finding - Yes - 2023 006 Criteria - The Seminary has 60 days from the date the Seminary determines an enrollment status change to report to National Student Loan Data System (NSLDS). The enrollment reporting must be updated for changes in the data elements for the campus record and program record and submitted electronically through the batch method, spreadsheet submittal, or the NSLDS website (34 CFR 685.309). Condition - Of the seven students selected for enrollment reporting testing, the Seminary did not properly update the student enrollment information for one student accurately or in a timely manner. Questioned Costs - None Identification of How Questioned Costs Were Computed - None Context - Out of a sample of seven students, our testing identified one student that was not properly reported as withdrawn from the Seminary. The student initially left the Seminary for a leave of absence but exceeded the maximum allowable 180 days within a 12 month period. The Seminary reported the student as full time within NSLDS. Cause and Effect - The Seminary did not have formal procedures and controls in place to document eligibility of students for a leave of absence resulting in the inappropriate enrollment status reported to NSLDS. Recommendation - The Seminary should consider implementing a process to review all students placed on an institutional leave of absence against the requirements under the Code of Federal Regulations to ensure that the information updated and reported to NSLDS is complete, accurate, and timely. Views of Responsible Officials and Planned Corrective Actions - The Seminary will update our institutional policies and definitions of the various types of enrollment statuses allowed to be reported to NSLDS to conform to the federal regulations.
Finding 2024-003
Assistance Listing Number, Federal Agency, and Program Name - 84.268, Department of Education, Federal Direct Student Loans Finding Type - Significant deficiency Repeat Finding - No Criteria - In accordance with 34 CFR 668.164(i), if a check sent to a student or parent is not returned to the institution but is not cashed, the institution must return the funds to the secretary no later than 240 days after the date it issued the check. The Seminary does not have outlined procedures or policy to ensure that the funds are returned to the Department of Education. Condition - During our review of internal controls, it was noted that the Seminary does not have a policy or procedures in place, as required by the Code of Federal Regulations. Questioned Costs - N/A Identification of How Questioned Costs Were Computed - N/A Context - The Code of Federal Regulations requires a policy and procedure to be in place to ensure uncashed checks are returned to the Department of Education. Cause and Effect - The lack of having a policy in place could lead to funds not being returned to the Department of Education. Recommendation - We recommend that a policy be documented and implemented. Views of Responsible Officials and Corrective Action Plan - The Seminary has implemented a written policy and procedure that complies with regulations.
Finding 2024-004
Assistance Listing Number, Federal Agency, and Program Name - 84.268, U.S. Department of Education, Federal Direct Student Loans Finding Type - Significant deficiency Repeat Finding - Yes - 2023 006 Criteria - The Seminary has 60 days from the date the Seminary determines an enrollment status change to report to National Student Loan Data System (NSLDS). The enrollment reporting must be updated for changes in the data elements for the campus record and program record and submitted electronically through the batch method, spreadsheet submittal, or the NSLDS website (34 CFR 685.309). Condition - Of the seven students selected for enrollment reporting testing, the Seminary did not properly update the student enrollment information for one student accurately or in a timely manner. Questioned Costs - None Identification of How Questioned Costs Were Computed - None Context - Out of a sample of seven students, our testing identified one student that was not properly reported as withdrawn from the Seminary. The student initially left the Seminary for a leave of absence but exceeded the maximum allowable 180 days within a 12 month period. The Seminary reported the student as full time within NSLDS. Cause and Effect - The Seminary did not have formal procedures and controls in place to document eligibility of students for a leave of absence resulting in the inappropriate enrollment status reported to NSLDS. Recommendation - The Seminary should consider implementing a process to review all students placed on an institutional leave of absence against the requirements under the Code of Federal Regulations to ensure that the information updated and reported to NSLDS is complete, accurate, and timely. Views of Responsible Officials and Planned Corrective Actions - The Seminary will update our institutional policies and definitions of the various types of enrollment statuses allowed to be reported to NSLDS to conform to the federal regulations.
Finding 2024-003
Assistance Listing Number, Federal Agency, and Program Name - 84.268, Department of Education, Federal Direct Student Loans Finding Type - Significant deficiency Repeat Finding - No Criteria - In accordance with 34 CFR 668.164(i), if a check sent to a student or parent is not returned to the institution but is not cashed, the institution must return the funds to the secretary no later than 240 days after the date it issued the check. The Seminary does not have outlined procedures or policy to ensure that the funds are returned to the Department of Education. Condition - During our review of internal controls, it was noted that the Seminary does not have a policy or procedures in place, as required by the Code of Federal Regulations. Questioned Costs - N/A Identification of How Questioned Costs Were Computed - N/A Context - The Code of Federal Regulations requires a policy and procedure to be in place to ensure uncashed checks are returned to the Department of Education. Cause and Effect - The lack of having a policy in place could lead to funds not being returned to the Department of Education. Recommendation - We recommend that a policy be documented and implemented. Views of Responsible Officials and Corrective Action Plan - The Seminary has implemented a written policy and procedure that complies with regulations.
Finding 2024-004
Assistance Listing Number, Federal Agency, and Program Name - 84.268, U.S. Department of Education, Federal Direct Student Loans Finding Type - Significant deficiency Repeat Finding - Yes - 2023 006 Criteria - The Seminary has 60 days from the date the Seminary determines an enrollment status change to report to National Student Loan Data System (NSLDS). The enrollment reporting must be updated for changes in the data elements for the campus record and program record and submitted electronically through the batch method, spreadsheet submittal, or the NSLDS website (34 CFR 685.309). Condition - Of the seven students selected for enrollment reporting testing, the Seminary did not properly update the student enrollment information for one student accurately or in a timely manner. Questioned Costs - None Identification of How Questioned Costs Were Computed - None Context - Out of a sample of seven students, our testing identified one student that was not properly reported as withdrawn from the Seminary. The student initially left the Seminary for a leave of absence but exceeded the maximum allowable 180 days within a 12 month period. The Seminary reported the student as full time within NSLDS. Cause and Effect - The Seminary did not have formal procedures and controls in place to document eligibility of students for a leave of absence resulting in the inappropriate enrollment status reported to NSLDS. Recommendation - The Seminary should consider implementing a process to review all students placed on an institutional leave of absence against the requirements under the Code of Federal Regulations to ensure that the information updated and reported to NSLDS is complete, accurate, and timely. Views of Responsible Officials and Planned Corrective Actions - The Seminary will update our institutional policies and definitions of the various types of enrollment statuses allowed to be reported to NSLDS to conform to the federal regulations.
Finding 2024-003
Assistance Listing Number, Federal Agency, and Program Name - 84.268, Department of Education, Federal Direct Student Loans Finding Type - Significant deficiency Repeat Finding - No Criteria - In accordance with 34 CFR 668.164(i), if a check sent to a student or parent is not returned to the institution but is not cashed, the institution must return the funds to the secretary no later than 240 days after the date it issued the check. The Seminary does not have outlined procedures or policy to ensure that the funds are returned to the Department of Education. Condition - During our review of internal controls, it was noted that the Seminary does not have a policy or procedures in place, as required by the Code of Federal Regulations. Questioned Costs - N/A Identification of How Questioned Costs Were Computed - N/A Context - The Code of Federal Regulations requires a policy and procedure to be in place to ensure uncashed checks are returned to the Department of Education. Cause and Effect - The lack of having a policy in place could lead to funds not being returned to the Department of Education. Recommendation - We recommend that a policy be documented and implemented. Views of Responsible Officials and Corrective Action Plan - The Seminary has implemented a written policy and procedure that complies with regulations.
Finding 2024-004
Assistance Listing Number, Federal Agency, and Program Name - 84.268, U.S. Department of Education, Federal Direct Student Loans Finding Type - Significant deficiency Repeat Finding - Yes - 2023 006 Criteria - The Seminary has 60 days from the date the Seminary determines an enrollment status change to report to National Student Loan Data System (NSLDS). The enrollment reporting must be updated for changes in the data elements for the campus record and program record and submitted electronically through the batch method, spreadsheet submittal, or the NSLDS website (34 CFR 685.309). Condition - Of the seven students selected for enrollment reporting testing, the Seminary did not properly update the student enrollment information for one student accurately or in a timely manner. Questioned Costs - None Identification of How Questioned Costs Were Computed - None Context - Out of a sample of seven students, our testing identified one student that was not properly reported as withdrawn from the Seminary. The student initially left the Seminary for a leave of absence but exceeded the maximum allowable 180 days within a 12 month period. The Seminary reported the student as full time within NSLDS. Cause and Effect - The Seminary did not have formal procedures and controls in place to document eligibility of students for a leave of absence resulting in the inappropriate enrollment status reported to NSLDS. Recommendation - The Seminary should consider implementing a process to review all students placed on an institutional leave of absence against the requirements under the Code of Federal Regulations to ensure that the information updated and reported to NSLDS is complete, accurate, and timely. Views of Responsible Officials and Planned Corrective Actions - The Seminary will update our institutional policies and definitions of the various types of enrollment statuses allowed to be reported to NSLDS to conform to the federal regulations.