FAC Explorer

Audit 349799

FY End
2024-06-30
Total Expended
$1.43M
Findings
2
Programs
5
Organization: Delaware College of Art and Design (DE)
Year: 2024 Accepted: 2025-03-28
Auditor: Belfint Lyons & Shuman P A

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
539094 2024-001 Significant Deficiency - N
1115536 2024-001 Significant Deficiency - N

Programs

ALN Program Spent Major Findings
84.268 Federal Direct Student Loans $1.11M Yes 0
84.063 Federal Pell Grant Program $282,519 Yes 0
84.007 Federal Supplemental Educational Opportunity Grants $24,627 Yes 1
84.033 Federal Work-Study Program $13,342 Yes 0
84.425 Education Stabilization Fund $1,685 - 0

Contacts

Name Title Type
YKJYE1SFHSR7 Jean Dahlgren Auditee
3026228000 Jonathan Moll Auditor
No contacts on file

Notes to SEFA

Accounting Policies: The schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Delaware College of Art and Design 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 (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Delaware College of Art and Design, it is not intended to, and does not, present the financial position, change in net assets or cash flows of the Delaware College of Art and Design. Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited to reimbursement. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.

Finding Details

Finding 2024-001
United States Department of Education Federal Program: Student Financial Assistance Cluster Reference Number: 2024-001 Federal Award Identifiers: P007A239034; P033A239034; P063P236291; P268K246291 Type of Finding: Non-Compliance and Significant Deficiency in Internal Control Compliance Requirement: Special Tests and Provisions – Verification Condition: The College’s Student Verification Policy omitted following elements required by 34 CFR 668.53: 1. A defined timeframe for student applicants to submit requested verification documentation. 2. A policy for notifying applicants of changes to Expected Family Contribution (EFC) or financial assistance resulting from the verification process. 3. A policy for referring fraud cases to the Office of the Inspector General of the Department of Education. Criteria: The College was required to incorporate all provisions of 34 CFR 668.53 into its written verification policies and procedures. Cause: The College did not adopt the required elements in its written policies and procedures. Effect: The absence of required written policies and procedures increased the risk of non-compliance with federal financial aid regulations, potentially leading to ineligible students receiving aid or delays in processing financial assistance.
Finding 2024-001
United States Department of Education Federal Program: Student Financial Assistance Cluster Reference Number: 2024-001 Federal Award Identifiers: P007A239034; P033A239034; P063P236291; P268K246291 Type of Finding: Non-Compliance and Significant Deficiency in Internal Control Compliance Requirement: Special Tests and Provisions – Verification Condition: The College’s Student Verification Policy omitted following elements required by 34 CFR 668.53: 1. A defined timeframe for student applicants to submit requested verification documentation. 2. A policy for notifying applicants of changes to Expected Family Contribution (EFC) or financial assistance resulting from the verification process. 3. A policy for referring fraud cases to the Office of the Inspector General of the Department of Education. Criteria: The College was required to incorporate all provisions of 34 CFR 668.53 into its written verification policies and procedures. Cause: The College did not adopt the required elements in its written policies and procedures. Effect: The absence of required written policies and procedures increased the risk of non-compliance with federal financial aid regulations, potentially leading to ineligible students receiving aid or delays in processing financial assistance.