FAC Explorer

Audit 348058

FY End
2024-06-30
Total Expended
$20.28M
Findings
2
Programs
13
Organization: Saint Francis University (PA)
Year: 2024 Accepted: 2025-03-25
Auditor: Baker Tilly US LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
529972 2024-001 - - N
1106414 2024-001 - - N

Programs

ALN Program Spent Major Findings
84.268 Federal Direct Student Loans $14.70M Yes 1
84.063 Federal Pell Grant Program $2.37M Yes 0
23.002 Appalachian Area Development $708,054 - 0
84.038 Federal Perkins Loan Program_federal Capital Contributions $653,101 Yes 0
84.047 Trio Upward Bound $485,784 - 0
84.007 Federal Supplemental Educational Opportunity Grants $450,797 Yes 0
93.493 Congressional Directives $378,497 - 0
84.033 Federal Work-Study Program $171,625 Yes 0
93.778 Medical Assistance Program $154,906 - 0
59.037 Small Business Development Centers $144,878 - 0
10.868 Rural Energy for America Program $52,942 - 0
43.008 Office of Stem Engagement (ostem) $7,105 - 0
47.049 Mathematical and Physical Sciences $3,472 - 0

Contacts

Name Title Type
LBCNAREKWMY9 Tom Fritz Auditee
8144723262 Sue Maloney 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. Negative amounts shown on the Schedule, if any, represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. 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 Saint Francis University (the University) 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). Therefore, some of the amounts presented in this Schedule may differ from amounts presented in or used in the preparation of the consolidated financial statements. 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: Federal Student Loam 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. Negative amounts shown on the Schedule, if any, represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. 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 total loans granted under the Federal Direct Student Loan Program, which were not made by the University but were received by its students were approximately $14,702,000 for the year ended June 30, 2024. The Federal Perkins Loan Program is administered directly by the University, and balances and transactions relating to this program are included in the University's consolidated financial statements. Federal Perkins Loans outstanding at the beginning of the year and loans made during the year of $653,101, are included in the federal expenditures presented in the Schedule. Federal Perkins loans outstanding at June 30, 2024 totaled $454,354.

Finding Details

Finding 2024-001
Federal Program: Student Financial Assistance Cluster, Federal Direct Student Loans Federal Agency: U.S. Department of Education Assistance Listing Number: 84.268 Federal Award Year: June 30, 2024 Criteria: Title IV regulations (34 CFR Section 685.309(b)) require that upon receipt of an enrollment from the Secretary, institutions must update all information included in the report and return the report to the Secretary: (i) in the manner and format prescribed by the Secretary; and (ii) within the timeframe prescribed by the Secretary. Unless it expects to submit its next updated enrollment report to the Secretary within the next 60 days, an institution must notify the Secretary within 30 days after the date the institution discovers that: (i) a loan under Title IV of the Act was made to or on behalf of a student who was enrolled or accepted for enrollment at the institution, and the student has ceased to be enrolled on at least a half-time basis or failed to enroll on at least a half-time basis for the period for which the loan was intended; or (ii) a student who is enrolled at the institution and who received a loan under Title IV of the Act has changed his or her permanent address. Condition: The University did not notify the National Student Loan Data System (NSLDS) in a timely manner for 2 withdrawn students in our sample of 25 students. Upon further review of all students who withdrew, a total of 16 of 72 students who withdrew were not reported to the NSLDS. The sample was not a statistically valid sample. Questioned Costs: There are no questioned costs associated with this finding. Cause: The University's procedures for reporting all students were not designed appropriately in order to allow for timely reporting to the NSLDS. Effect: The accuracy of Title IV student loan records depends heavily on the accuracy of the enrollment information reported by schools. If an institution does not review, update and verify the student’s enrollment status, effective dates of the enrollment status and the anticipated completion dates, then the Title IV student loan records will be inaccurate. Recommendation: We recommend that the University review its procedures for student status changes and NSLDS notifications to ensure there are follow-up and review procedures being performed for all students with status changes at the University. Management Response: The University acknowledges and concurs with the finding. The University converted to a new financial aid system during the audit period, which corrected the software error that resulted in the finding.
Finding 2024-001
Federal Program: Student Financial Assistance Cluster, Federal Direct Student Loans Federal Agency: U.S. Department of Education Assistance Listing Number: 84.268 Federal Award Year: June 30, 2024 Criteria: Title IV regulations (34 CFR Section 685.309(b)) require that upon receipt of an enrollment from the Secretary, institutions must update all information included in the report and return the report to the Secretary: (i) in the manner and format prescribed by the Secretary; and (ii) within the timeframe prescribed by the Secretary. Unless it expects to submit its next updated enrollment report to the Secretary within the next 60 days, an institution must notify the Secretary within 30 days after the date the institution discovers that: (i) a loan under Title IV of the Act was made to or on behalf of a student who was enrolled or accepted for enrollment at the institution, and the student has ceased to be enrolled on at least a half-time basis or failed to enroll on at least a half-time basis for the period for which the loan was intended; or (ii) a student who is enrolled at the institution and who received a loan under Title IV of the Act has changed his or her permanent address. Condition: The University did not notify the National Student Loan Data System (NSLDS) in a timely manner for 2 withdrawn students in our sample of 25 students. Upon further review of all students who withdrew, a total of 16 of 72 students who withdrew were not reported to the NSLDS. The sample was not a statistically valid sample. Questioned Costs: There are no questioned costs associated with this finding. Cause: The University's procedures for reporting all students were not designed appropriately in order to allow for timely reporting to the NSLDS. Effect: The accuracy of Title IV student loan records depends heavily on the accuracy of the enrollment information reported by schools. If an institution does not review, update and verify the student’s enrollment status, effective dates of the enrollment status and the anticipated completion dates, then the Title IV student loan records will be inaccurate. Recommendation: We recommend that the University review its procedures for student status changes and NSLDS notifications to ensure there are follow-up and review procedures being performed for all students with status changes at the University. Management Response: The University acknowledges and concurs with the finding. The University converted to a new financial aid system during the audit period, which corrected the software error that resulted in the finding.