FAC Explorer

Audit 347913

FY End
2023-06-30
Total Expended
$4.80M
Findings
8
Programs
4
Organization: Manor College (PA)
Year: 2023 Accepted: 2025-03-25
Auditor: Tait Weller & Baker LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
529876 2023-003 Significant Deficiency - N
529877 2023-004 Significant Deficiency - C
529878 2023-003 Significant Deficiency - N
529879 2023-003 Significant Deficiency - N
1106318 2023-003 Significant Deficiency - N
1106319 2023-004 Significant Deficiency - C
1106320 2023-003 Significant Deficiency - N
1106321 2023-003 Significant Deficiency - N

Programs

ALN Program Spent Major Findings
84.268 Federal Direct Student Loans $3.31M Yes 1
84.063 Federal Pell Grant Program $1.38M Yes 1
84.007 Federal Supplemental Educational Opportunity Grants $71,186 Yes 2
64.U01 Post 9/11 Veterans Educational Assistance $36,808 - 0

Contacts

Name Title Type
RJ41B5R3Q9K7 Dr. Jonathan Peri Auditee
2158852360 Ken Badasarian Auditor
No contacts on file

Notes to SEFA

Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Manor College under programs of the federal government for the year ended June 30, 2023. 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 Manor College, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Manor College. De Minimis Rate Used: N Rate Explanation: Manor College did not elect to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. The accompanying schedule of expenditures of federal awards presents the expenditures of all federal award programs of Manor College using the accrual basis of accounting.
Title: SUBRECIPIENTS Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Manor College under programs of the federal government for the year ended June 30, 2023. 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 Manor College, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Manor College. De Minimis Rate Used: N Rate Explanation: Manor College did not elect to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. The College did not pass any awards through to subrecipients.
Title: MATCHING CONTRIBUTIONS Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Manor College under programs of the federal government for the year ended June 30, 2023. 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 Manor College, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Manor College. De Minimis Rate Used: N Rate Explanation: Manor College did not elect to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. The amounts reported in the accompanying Schedule of Expenditures of Federal Awards do not include matching contributions made by the College. The College made matching contributions to the following federal awards: Federal Supplemental Educational Opportunity Grants $17,930

Finding Details

Finding 2023-003
Finding 2023-003: Special Reporting Federal Program: Student Financial Aid Cluster – Significant Deficiency Federal Agency: Department of Education ALN Number: 84.063, 84.268, 84.033, 84.007 Criteria: The College is required to submit the Fiscal Operations Report and Application to Participate (FISAP) annually to receive funds for the campus-based programs. Condition: The College incorrectly reported the institutional share of Federal Work Study awards and information on tuition and fees in the FISAP submitted to the Department of Education. Additionally, the College did not maintain records of supporting the Distribution of Program Recipients and Expenditures by Type of Student in Part VI, Program Summary for Award Year. Questioned Costs: None Cause: Employee turnover. Effect: The College did not operate in accordance with the special reporting compliance requirement. Recommendation: The College should develop procedures to have the financial aid and financial accounting information systems reconciled on a monthly basis. These reconciliation will ensure accurate reporting during periods of turnover of key personnel. Views of Responsible Officials: Management agrees with this finding.
Finding 2023-004
Federal Program: Student Financial Aid Cluster – Significant Deficiency Federal Agency: Department of Education ALN Number: 84.007 Condition: The College drew down the full amount of funds authorized ($71,186), however its records report student disbursements of $28,724. Additionally, the unspent drawdowns were not reported as deferred revenue as of June 30, 2023. Questioned Costs: $42,462 Cause: Turnover in employee personnel administering the financial drawdowns. Effect: The College did not operate in accordance with the cash management compliance requirement. Recommendation: The College should develop procedures to ensure that compliance requirements can continue to be met during periods of key employee turnover. Views of Responsible Officials: Management agrees with this finding.
Finding 2023-003
Finding 2023-003: Special Reporting Federal Program: Student Financial Aid Cluster – Significant Deficiency Federal Agency: Department of Education ALN Number: 84.063, 84.268, 84.033, 84.007 Criteria: The College is required to submit the Fiscal Operations Report and Application to Participate (FISAP) annually to receive funds for the campus-based programs. Condition: The College incorrectly reported the institutional share of Federal Work Study awards and information on tuition and fees in the FISAP submitted to the Department of Education. Additionally, the College did not maintain records of supporting the Distribution of Program Recipients and Expenditures by Type of Student in Part VI, Program Summary for Award Year. Questioned Costs: None Cause: Employee turnover. Effect: The College did not operate in accordance with the special reporting compliance requirement. Recommendation: The College should develop procedures to have the financial aid and financial accounting information systems reconciled on a monthly basis. These reconciliation will ensure accurate reporting during periods of turnover of key personnel. Views of Responsible Officials: Management agrees with this finding.
Finding 2023-003
Finding 2023-003: Special Reporting Federal Program: Student Financial Aid Cluster – Significant Deficiency Federal Agency: Department of Education ALN Number: 84.063, 84.268, 84.033, 84.007 Criteria: The College is required to submit the Fiscal Operations Report and Application to Participate (FISAP) annually to receive funds for the campus-based programs. Condition: The College incorrectly reported the institutional share of Federal Work Study awards and information on tuition and fees in the FISAP submitted to the Department of Education. Additionally, the College did not maintain records of supporting the Distribution of Program Recipients and Expenditures by Type of Student in Part VI, Program Summary for Award Year. Questioned Costs: None Cause: Employee turnover. Effect: The College did not operate in accordance with the special reporting compliance requirement. Recommendation: The College should develop procedures to have the financial aid and financial accounting information systems reconciled on a monthly basis. These reconciliation will ensure accurate reporting during periods of turnover of key personnel. Views of Responsible Officials: Management agrees with this finding.
Finding 2023-003
Finding 2023-003: Special Reporting Federal Program: Student Financial Aid Cluster – Significant Deficiency Federal Agency: Department of Education ALN Number: 84.063, 84.268, 84.033, 84.007 Criteria: The College is required to submit the Fiscal Operations Report and Application to Participate (FISAP) annually to receive funds for the campus-based programs. Condition: The College incorrectly reported the institutional share of Federal Work Study awards and information on tuition and fees in the FISAP submitted to the Department of Education. Additionally, the College did not maintain records of supporting the Distribution of Program Recipients and Expenditures by Type of Student in Part VI, Program Summary for Award Year. Questioned Costs: None Cause: Employee turnover. Effect: The College did not operate in accordance with the special reporting compliance requirement. Recommendation: The College should develop procedures to have the financial aid and financial accounting information systems reconciled on a monthly basis. These reconciliation will ensure accurate reporting during periods of turnover of key personnel. Views of Responsible Officials: Management agrees with this finding.
Finding 2023-004
Federal Program: Student Financial Aid Cluster – Significant Deficiency Federal Agency: Department of Education ALN Number: 84.007 Condition: The College drew down the full amount of funds authorized ($71,186), however its records report student disbursements of $28,724. Additionally, the unspent drawdowns were not reported as deferred revenue as of June 30, 2023. Questioned Costs: $42,462 Cause: Turnover in employee personnel administering the financial drawdowns. Effect: The College did not operate in accordance with the cash management compliance requirement. Recommendation: The College should develop procedures to ensure that compliance requirements can continue to be met during periods of key employee turnover. Views of Responsible Officials: Management agrees with this finding.
Finding 2023-003
Finding 2023-003: Special Reporting Federal Program: Student Financial Aid Cluster – Significant Deficiency Federal Agency: Department of Education ALN Number: 84.063, 84.268, 84.033, 84.007 Criteria: The College is required to submit the Fiscal Operations Report and Application to Participate (FISAP) annually to receive funds for the campus-based programs. Condition: The College incorrectly reported the institutional share of Federal Work Study awards and information on tuition and fees in the FISAP submitted to the Department of Education. Additionally, the College did not maintain records of supporting the Distribution of Program Recipients and Expenditures by Type of Student in Part VI, Program Summary for Award Year. Questioned Costs: None Cause: Employee turnover. Effect: The College did not operate in accordance with the special reporting compliance requirement. Recommendation: The College should develop procedures to have the financial aid and financial accounting information systems reconciled on a monthly basis. These reconciliation will ensure accurate reporting during periods of turnover of key personnel. Views of Responsible Officials: Management agrees with this finding.
Finding 2023-003
Finding 2023-003: Special Reporting Federal Program: Student Financial Aid Cluster – Significant Deficiency Federal Agency: Department of Education ALN Number: 84.063, 84.268, 84.033, 84.007 Criteria: The College is required to submit the Fiscal Operations Report and Application to Participate (FISAP) annually to receive funds for the campus-based programs. Condition: The College incorrectly reported the institutional share of Federal Work Study awards and information on tuition and fees in the FISAP submitted to the Department of Education. Additionally, the College did not maintain records of supporting the Distribution of Program Recipients and Expenditures by Type of Student in Part VI, Program Summary for Award Year. Questioned Costs: None Cause: Employee turnover. Effect: The College did not operate in accordance with the special reporting compliance requirement. Recommendation: The College should develop procedures to have the financial aid and financial accounting information systems reconciled on a monthly basis. These reconciliation will ensure accurate reporting during periods of turnover of key personnel. Views of Responsible Officials: Management agrees with this finding.