FAC Explorer

Audit 349325

FY End
2024-06-30
Total Expended
$9.16M
Findings
10
Programs
12
Organization: Capitol Technology University (MD)
Year: 2024 Accepted: 2025-03-27
Auditor: Sb & Company LLC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
538279 2024-001 Significant Deficiency Yes N
538280 2024-001 Significant Deficiency Yes N
538281 2024-001 Significant Deficiency Yes N
538282 2024-001 Significant Deficiency Yes N
538283 2024-001 Significant Deficiency Yes N
1114721 2024-001 Significant Deficiency Yes N
1114722 2024-001 Significant Deficiency Yes N
1114723 2024-001 Significant Deficiency Yes N
1114724 2024-001 Significant Deficiency Yes N
1114725 2024-001 Significant Deficiency Yes N

Programs

ALN Program Spent Major Findings
84.268 Federal Direct Student Loans (fdsl) $7.44M Yes 1
84.063 Federal Pell Grant Program (pell) $651,323 Yes 1
84.038 Federal Perkins Loans (fpl) $565,967 Yes 1
12.902 Cysp $159,864 - 0
12.902 Ncaec $91,153 - 0
84.007 Federal Supplemental Educational Opportunity Grant (fseog) $75,522 Yes 1
12.902 Cae Regional Hub (subaward Dod) $70,935 - 0
84.033 Federal Work-Study Progam (fws) $59,659 Yes 1
47.076 Graduate Research Fellowship Program (grfp) $27,581 - 0
12.902 Circuit (subaward Dod) $6,663 - 0
43.001 Circuit (subaward Nasa) $6,663 - 0
43.001 Mdsc Alpha 23/24 (subaward Nasa) $3,446 - 0

Contacts

Name Title Type
YPJCAUX4L6X1 Michael Betley Auditee
2409652499 Monique Booker Auditor
No contacts on file

Notes to SEFA

Title: BASIS OF PRESENTATION Accounting Policies: All Federal grant operations of Capitol Technology University (the University) are included in the scope of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (the Single Audit). The Single Audit was performed in accordance with the provisions of the OMB Compliance Supplement (the Compliance Supplement). Compliance testing of all requirements subject to audit, as described in the Compliance Supplement, was performed for the grant program noted below. This program represents Federal award programs for fiscal year 2024 with cash and non-cash expenditures to ensure coverage of at least 20% of Federally granted funds. Actual coverage was 96% of total cash and non-cash Federal award program expenditures. Expenditures reported on the Schedule of Expenditures of Federal Awards (the Schedule) are recognized following Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), wherein certain types of expenditures are not allowable or are limited as to reimbursement. The University has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance. The Federal major program tested for fiscal year 2024 is listed below. Student Financial Assistance Cluster 84.007, 84.033, 84.038, 84.063, 84.268 $ 8,788,986 De Minimis Rate Used: N Rate Explanation: The University has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance. The accompanying Schedule includes the Federal award activity of the University under programs of the Federal government for the year ended June 30, 2024, and is presented on the accrual basis of accounting. The information in this Schedule is presented in accordance with the requirements of Uniform Guidance.
Title: LOANS PROGRAMS Accounting Policies: All Federal grant operations of Capitol Technology University (the University) are included in the scope of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (the Single Audit). The Single Audit was performed in accordance with the provisions of the OMB Compliance Supplement (the Compliance Supplement). Compliance testing of all requirements subject to audit, as described in the Compliance Supplement, was performed for the grant program noted below. This program represents Federal award programs for fiscal year 2024 with cash and non-cash expenditures to ensure coverage of at least 20% of Federally granted funds. Actual coverage was 96% of total cash and non-cash Federal award program expenditures. Expenditures reported on the Schedule of Expenditures of Federal Awards (the Schedule) are recognized following Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), wherein certain types of expenditures are not allowable or are limited as to reimbursement. The University has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance. The Federal major program tested for fiscal year 2024 is listed below. Student Financial Assistance Cluster 84.007, 84.033, 84.038, 84.063, 84.268 $ 8,788,986 De Minimis Rate Used: N Rate Explanation: The University has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance. The Federal Perkins Loans (Assistance Listing 84.038) are administered directly by the University, and balances and transactions relating to these programs are included in the University’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. There were no new loans expended under this program during the year ended June 30, 2024. The balance of loans outstanding as of June 30, 2024, was as follows: Student Financial Assistance Cluster Federal Perkins Loans 84.038 $ 542,755 Program Name Federal Assistance Listing Outstanding Balance During the year ended June 30, 2024, the University processed the following amount of new loans under the Federal Family Education Loan Programs, which includes the Stafford, PLUS Loans, and Direct Loans (Assistance Listing 84.268). These programs are administered by outside financial institutions. New loans made during the fiscal year relating to these programs are considered current year expenditures in the Schedule. Because these programs are administered by outside financial institutions, the outstanding balance as of June 30, 2024 is not included on the Schedule. The loan expenditures for the year ended June 30, 2024, was as follows: Student Financial Assistance Cluster Federal Direct Student Loans 84.268 $ 7,436,515 Program Name Federal Assistance Listing Loan Expenditure
Title: RECONCILIATION TO AUDITED FINANCIAL STATEMENTS Accounting Policies: All Federal grant operations of Capitol Technology University (the University) are included in the scope of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (the Single Audit). The Single Audit was performed in accordance with the provisions of the OMB Compliance Supplement (the Compliance Supplement). Compliance testing of all requirements subject to audit, as described in the Compliance Supplement, was performed for the grant program noted below. This program represents Federal award programs for fiscal year 2024 with cash and non-cash expenditures to ensure coverage of at least 20% of Federally granted funds. Actual coverage was 96% of total cash and non-cash Federal award program expenditures. Expenditures reported on the Schedule of Expenditures of Federal Awards (the Schedule) are recognized following Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), wherein certain types of expenditures are not allowable or are limited as to reimbursement. The University has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance. The Federal major program tested for fiscal year 2024 is listed below. Student Financial Assistance Cluster 84.007, 84.033, 84.038, 84.063, 84.268 $ 8,788,986 De Minimis Rate Used: N Rate Explanation: The University has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance. Below is the reconciliation of the audited financial statements for the year ended June 30, 2024 to the Schedule. Amount Government grants per audited financial statements $ 1,695,584 Less: state and local grants (542,775) Total Federal grants per audited financial statements 1,152,809 Add: Federal Direct Student Loans 7,436,515 Add: Federal Perkins Loans 565,967 Federal Expenditures $ 9,155,291

Finding Details

Finding 2024-001
Condition: During our testing of enrollment reporting, wereviewed the enrollment changes for studentsduring fiscal year 2024. We noted that for1 out of the16 students selected,the Universityreported the change in enrollment status 90 days after the date of determination. Criteria: Uniform Guidance requires that the institution report enrollment information under the Pell grantand the Direct and FFEL loan programs via the NSLDS. Institutions must review, update, andverify student enrollment statuses, program information, and effective dates that appear on theEnrollment Reporting Roster file or on theEnrollment Maintenance page of theNSLDSProfessional Access. Institutions are responsible for timely reporting, whether they report directly or via a third-party servicer. Institutions must complete and return within 15 days the EnrollmentReporting roster file placed in their Student Aid Internet Gateway (SAIG) (OMB No. 1845-0002)mailboxes sent by ED via NSLDS. An institution determines how often it receives the EnrollmentReporting roster file with the default set at a minimum of every 60 days. Once received, theinstitution must updatefor changes in the dataelements for the CampusRecord and the ProgramRecord identified above, and submit the changes electronically through the batch method,spreadsheet submittal, or the NSLDS website. Cause: The University did not report the enrollment change in NSLDS timely. Effect: The University did not report the enrollment change timely which may impact the timeliness of repayment of Federal funds. Questioned Costs: Unknown. Recommendation: We recommend that the University establish procedures to ensure that enrollment changes are reported timely to NSLDS. Views of Responsible Officials: Management agrees with the finding. Refer to the Corrective Action Plan for management’s approach to correct the finding.
Finding 2024-001
Condition: During our testing of enrollment reporting, wereviewed the enrollment changes for studentsduring fiscal year 2024. We noted that for1 out of the16 students selected,the Universityreported the change in enrollment status 90 days after the date of determination. Criteria: Uniform Guidance requires that the institution report enrollment information under the Pell grantand the Direct and FFEL loan programs via the NSLDS. Institutions must review, update, andverify student enrollment statuses, program information, and effective dates that appear on theEnrollment Reporting Roster file or on theEnrollment Maintenance page of theNSLDSProfessional Access. Institutions are responsible for timely reporting, whether they report directly or via a third-party servicer. Institutions must complete and return within 15 days the EnrollmentReporting roster file placed in their Student Aid Internet Gateway (SAIG) (OMB No. 1845-0002)mailboxes sent by ED via NSLDS. An institution determines how often it receives the EnrollmentReporting roster file with the default set at a minimum of every 60 days. Once received, theinstitution must updatefor changes in the dataelements for the CampusRecord and the ProgramRecord identified above, and submit the changes electronically through the batch method,spreadsheet submittal, or the NSLDS website. Cause: The University did not report the enrollment change in NSLDS timely. Effect: The University did not report the enrollment change timely which may impact the timeliness of repayment of Federal funds. Questioned Costs: Unknown. Recommendation: We recommend that the University establish procedures to ensure that enrollment changes are reported timely to NSLDS. Views of Responsible Officials: Management agrees with the finding. Refer to the Corrective Action Plan for management’s approach to correct the finding.
Finding 2024-001
Condition: During our testing of enrollment reporting, wereviewed the enrollment changes for studentsduring fiscal year 2024. We noted that for1 out of the16 students selected,the Universityreported the change in enrollment status 90 days after the date of determination. Criteria: Uniform Guidance requires that the institution report enrollment information under the Pell grantand the Direct and FFEL loan programs via the NSLDS. Institutions must review, update, andverify student enrollment statuses, program information, and effective dates that appear on theEnrollment Reporting Roster file or on theEnrollment Maintenance page of theNSLDSProfessional Access. Institutions are responsible for timely reporting, whether they report directly or via a third-party servicer. Institutions must complete and return within 15 days the EnrollmentReporting roster file placed in their Student Aid Internet Gateway (SAIG) (OMB No. 1845-0002)mailboxes sent by ED via NSLDS. An institution determines how often it receives the EnrollmentReporting roster file with the default set at a minimum of every 60 days. Once received, theinstitution must updatefor changes in the dataelements for the CampusRecord and the ProgramRecord identified above, and submit the changes electronically through the batch method,spreadsheet submittal, or the NSLDS website. Cause: The University did not report the enrollment change in NSLDS timely. Effect: The University did not report the enrollment change timely which may impact the timeliness of repayment of Federal funds. Questioned Costs: Unknown. Recommendation: We recommend that the University establish procedures to ensure that enrollment changes are reported timely to NSLDS. Views of Responsible Officials: Management agrees with the finding. Refer to the Corrective Action Plan for management’s approach to correct the finding.
Finding 2024-001
Condition: During our testing of enrollment reporting, wereviewed the enrollment changes for studentsduring fiscal year 2024. We noted that for1 out of the16 students selected,the Universityreported the change in enrollment status 90 days after the date of determination. Criteria: Uniform Guidance requires that the institution report enrollment information under the Pell grantand the Direct and FFEL loan programs via the NSLDS. Institutions must review, update, andverify student enrollment statuses, program information, and effective dates that appear on theEnrollment Reporting Roster file or on theEnrollment Maintenance page of theNSLDSProfessional Access. Institutions are responsible for timely reporting, whether they report directly or via a third-party servicer. Institutions must complete and return within 15 days the EnrollmentReporting roster file placed in their Student Aid Internet Gateway (SAIG) (OMB No. 1845-0002)mailboxes sent by ED via NSLDS. An institution determines how often it receives the EnrollmentReporting roster file with the default set at a minimum of every 60 days. Once received, theinstitution must updatefor changes in the dataelements for the CampusRecord and the ProgramRecord identified above, and submit the changes electronically through the batch method,spreadsheet submittal, or the NSLDS website. Cause: The University did not report the enrollment change in NSLDS timely. Effect: The University did not report the enrollment change timely which may impact the timeliness of repayment of Federal funds. Questioned Costs: Unknown. Recommendation: We recommend that the University establish procedures to ensure that enrollment changes are reported timely to NSLDS. Views of Responsible Officials: Management agrees with the finding. Refer to the Corrective Action Plan for management’s approach to correct the finding.
Finding 2024-001
Condition: During our testing of enrollment reporting, wereviewed the enrollment changes for studentsduring fiscal year 2024. We noted that for1 out of the16 students selected,the Universityreported the change in enrollment status 90 days after the date of determination. Criteria: Uniform Guidance requires that the institution report enrollment information under the Pell grantand the Direct and FFEL loan programs via the NSLDS. Institutions must review, update, andverify student enrollment statuses, program information, and effective dates that appear on theEnrollment Reporting Roster file or on theEnrollment Maintenance page of theNSLDSProfessional Access. Institutions are responsible for timely reporting, whether they report directly or via a third-party servicer. Institutions must complete and return within 15 days the EnrollmentReporting roster file placed in their Student Aid Internet Gateway (SAIG) (OMB No. 1845-0002)mailboxes sent by ED via NSLDS. An institution determines how often it receives the EnrollmentReporting roster file with the default set at a minimum of every 60 days. Once received, theinstitution must updatefor changes in the dataelements for the CampusRecord and the ProgramRecord identified above, and submit the changes electronically through the batch method,spreadsheet submittal, or the NSLDS website. Cause: The University did not report the enrollment change in NSLDS timely. Effect: The University did not report the enrollment change timely which may impact the timeliness of repayment of Federal funds. Questioned Costs: Unknown. Recommendation: We recommend that the University establish procedures to ensure that enrollment changes are reported timely to NSLDS. Views of Responsible Officials: Management agrees with the finding. Refer to the Corrective Action Plan for management’s approach to correct the finding.
Finding 2024-001
Condition: During our testing of enrollment reporting, wereviewed the enrollment changes for studentsduring fiscal year 2024. We noted that for1 out of the16 students selected,the Universityreported the change in enrollment status 90 days after the date of determination. Criteria: Uniform Guidance requires that the institution report enrollment information under the Pell grantand the Direct and FFEL loan programs via the NSLDS. Institutions must review, update, andverify student enrollment statuses, program information, and effective dates that appear on theEnrollment Reporting Roster file or on theEnrollment Maintenance page of theNSLDSProfessional Access. Institutions are responsible for timely reporting, whether they report directly or via a third-party servicer. Institutions must complete and return within 15 days the EnrollmentReporting roster file placed in their Student Aid Internet Gateway (SAIG) (OMB No. 1845-0002)mailboxes sent by ED via NSLDS. An institution determines how often it receives the EnrollmentReporting roster file with the default set at a minimum of every 60 days. Once received, theinstitution must updatefor changes in the dataelements for the CampusRecord and the ProgramRecord identified above, and submit the changes electronically through the batch method,spreadsheet submittal, or the NSLDS website. Cause: The University did not report the enrollment change in NSLDS timely. Effect: The University did not report the enrollment change timely which may impact the timeliness of repayment of Federal funds. Questioned Costs: Unknown. Recommendation: We recommend that the University establish procedures to ensure that enrollment changes are reported timely to NSLDS. Views of Responsible Officials: Management agrees with the finding. Refer to the Corrective Action Plan for management’s approach to correct the finding.
Finding 2024-001
Condition: During our testing of enrollment reporting, wereviewed the enrollment changes for studentsduring fiscal year 2024. We noted that for1 out of the16 students selected,the Universityreported the change in enrollment status 90 days after the date of determination. Criteria: Uniform Guidance requires that the institution report enrollment information under the Pell grantand the Direct and FFEL loan programs via the NSLDS. Institutions must review, update, andverify student enrollment statuses, program information, and effective dates that appear on theEnrollment Reporting Roster file or on theEnrollment Maintenance page of theNSLDSProfessional Access. Institutions are responsible for timely reporting, whether they report directly or via a third-party servicer. Institutions must complete and return within 15 days the EnrollmentReporting roster file placed in their Student Aid Internet Gateway (SAIG) (OMB No. 1845-0002)mailboxes sent by ED via NSLDS. An institution determines how often it receives the EnrollmentReporting roster file with the default set at a minimum of every 60 days. Once received, theinstitution must updatefor changes in the dataelements for the CampusRecord and the ProgramRecord identified above, and submit the changes electronically through the batch method,spreadsheet submittal, or the NSLDS website. Cause: The University did not report the enrollment change in NSLDS timely. Effect: The University did not report the enrollment change timely which may impact the timeliness of repayment of Federal funds. Questioned Costs: Unknown. Recommendation: We recommend that the University establish procedures to ensure that enrollment changes are reported timely to NSLDS. Views of Responsible Officials: Management agrees with the finding. Refer to the Corrective Action Plan for management’s approach to correct the finding.
Finding 2024-001
Condition: During our testing of enrollment reporting, wereviewed the enrollment changes for studentsduring fiscal year 2024. We noted that for1 out of the16 students selected,the Universityreported the change in enrollment status 90 days after the date of determination. Criteria: Uniform Guidance requires that the institution report enrollment information under the Pell grantand the Direct and FFEL loan programs via the NSLDS. Institutions must review, update, andverify student enrollment statuses, program information, and effective dates that appear on theEnrollment Reporting Roster file or on theEnrollment Maintenance page of theNSLDSProfessional Access. Institutions are responsible for timely reporting, whether they report directly or via a third-party servicer. Institutions must complete and return within 15 days the EnrollmentReporting roster file placed in their Student Aid Internet Gateway (SAIG) (OMB No. 1845-0002)mailboxes sent by ED via NSLDS. An institution determines how often it receives the EnrollmentReporting roster file with the default set at a minimum of every 60 days. Once received, theinstitution must updatefor changes in the dataelements for the CampusRecord and the ProgramRecord identified above, and submit the changes electronically through the batch method,spreadsheet submittal, or the NSLDS website. Cause: The University did not report the enrollment change in NSLDS timely. Effect: The University did not report the enrollment change timely which may impact the timeliness of repayment of Federal funds. Questioned Costs: Unknown. Recommendation: We recommend that the University establish procedures to ensure that enrollment changes are reported timely to NSLDS. Views of Responsible Officials: Management agrees with the finding. Refer to the Corrective Action Plan for management’s approach to correct the finding.
Finding 2024-001
Condition: During our testing of enrollment reporting, wereviewed the enrollment changes for studentsduring fiscal year 2024. We noted that for1 out of the16 students selected,the Universityreported the change in enrollment status 90 days after the date of determination. Criteria: Uniform Guidance requires that the institution report enrollment information under the Pell grantand the Direct and FFEL loan programs via the NSLDS. Institutions must review, update, andverify student enrollment statuses, program information, and effective dates that appear on theEnrollment Reporting Roster file or on theEnrollment Maintenance page of theNSLDSProfessional Access. Institutions are responsible for timely reporting, whether they report directly or via a third-party servicer. Institutions must complete and return within 15 days the EnrollmentReporting roster file placed in their Student Aid Internet Gateway (SAIG) (OMB No. 1845-0002)mailboxes sent by ED via NSLDS. An institution determines how often it receives the EnrollmentReporting roster file with the default set at a minimum of every 60 days. Once received, theinstitution must updatefor changes in the dataelements for the CampusRecord and the ProgramRecord identified above, and submit the changes electronically through the batch method,spreadsheet submittal, or the NSLDS website. Cause: The University did not report the enrollment change in NSLDS timely. Effect: The University did not report the enrollment change timely which may impact the timeliness of repayment of Federal funds. Questioned Costs: Unknown. Recommendation: We recommend that the University establish procedures to ensure that enrollment changes are reported timely to NSLDS. Views of Responsible Officials: Management agrees with the finding. Refer to the Corrective Action Plan for management’s approach to correct the finding.
Finding 2024-001
Condition: During our testing of enrollment reporting, wereviewed the enrollment changes for studentsduring fiscal year 2024. We noted that for1 out of the16 students selected,the Universityreported the change in enrollment status 90 days after the date of determination. Criteria: Uniform Guidance requires that the institution report enrollment information under the Pell grantand the Direct and FFEL loan programs via the NSLDS. Institutions must review, update, andverify student enrollment statuses, program information, and effective dates that appear on theEnrollment Reporting Roster file or on theEnrollment Maintenance page of theNSLDSProfessional Access. Institutions are responsible for timely reporting, whether they report directly or via a third-party servicer. Institutions must complete and return within 15 days the EnrollmentReporting roster file placed in their Student Aid Internet Gateway (SAIG) (OMB No. 1845-0002)mailboxes sent by ED via NSLDS. An institution determines how often it receives the EnrollmentReporting roster file with the default set at a minimum of every 60 days. Once received, theinstitution must updatefor changes in the dataelements for the CampusRecord and the ProgramRecord identified above, and submit the changes electronically through the batch method,spreadsheet submittal, or the NSLDS website. Cause: The University did not report the enrollment change in NSLDS timely. Effect: The University did not report the enrollment change timely which may impact the timeliness of repayment of Federal funds. Questioned Costs: Unknown. Recommendation: We recommend that the University establish procedures to ensure that enrollment changes are reported timely to NSLDS. Views of Responsible Officials: Management agrees with the finding. Refer to the Corrective Action Plan for management’s approach to correct the finding.