FAC Explorer

Audit 349804

FY End
2024-06-30
Total Expended
$13.83M
Findings
4
Programs
11
Organization: Mount Mary University, Inc. (WI)
Year: 2024 Accepted: 2025-03-28
Auditor: Cliftonlarsonallen LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
539097 2024-001 Significant Deficiency - N
539098 2024-001 Significant Deficiency - N
1115539 2024-001 Significant Deficiency - N
1115540 2024-001 Significant Deficiency - N

Programs

ALN Program Spent Major Findings
84.268 Federal Direct Student Loans $8.57M Yes 1
84.063 Federal Pell Grant Program $2.71M Yes 1
93.925 Scholarships for Health Professions Students From Disadvantaged Backgrounds $650,000 Yes 0
84.031 Higher Education Institutional Aid $419,800 - 0
47.076 Stem Education (formerly Education and Human Resources) $320,228 - 0
84.042 Trio Student Support Services $272,084 - 0
84.033 Federal Work-Study Program $175,062 Yes 0
84.007 Federal Supplemental Educational Opportunity Grants $167,869 Yes 0
84.335 Child Care Access Means Parents in School $34,551 - 0
84.334 Gaining Early Awareness and Readiness for Undergraduate Programs $28,125 - 0
94.006 Americorps State and National 94.006 $19,150 - 0

Contacts

Name Title Type
T9KFFNUW2SY6 Nicole L Biddle Auditee
4149303663 Jordan Boehm Auditor
No contacts on file

Notes to SEFA

Title: BASIS OF PRESENTATION Accounting Policies: Expenditures reported on the Schedules 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 Schedules represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Mount Mary University has not elected to charge a de minimis indirect cost rate of 10% of modified total direct costs. De Minimis Rate Used: N Rate Explanation: The University has not elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. The accompanying schedules of expenditures of federal and state awards (the Schedules) include the federal and state award activity of the Mount Mary University, Inc. (the University) under programs of the federal and state government for the year ended June 30, 2024. The information in these Schedules 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) and the State Single Audit Guidelines. Because the Schedules present only a selected portion of the operations of the University, they are not intended to and do not present the financial position, changes in net assets or cash flows of the University.

Finding Details

Finding 2024-001
Federal Agency: U.S. Department of Education Federal Program Name: Student Financial Aid Cluster Assistance Listing Number: 84.063 & 84.268 Federal Award Identification Number and Year: P063P242442-2024 & P268K242442-2024 Award Period: July 1, 2023 through June 30, 2024 Type of Finding: • Significant Deficiency in Internal Control over Compliance • Other Matters Criteria or specific requirement: The administration of the Title IV programs depends heavily on the accuracy and timeliness of the enrollment information reported by institutions. Institutions must review, update, and certify student enrollment statuses, program information, and effective dates that appear on the Enrollment Reporting Roster file or on the Enrollment Maintenance page of the NSLDS Professional Access (NSLDSFAP) website. Condition: The University failed to reconcile the enrollment statuses and effective dates per their records to the enrollment information per NSLDS. Questioned costs: None Context: During the reporting window, the University went through a software update. As a result of this update, three students were identified to have inaccurate enrollment information transmitted during the transition. Cause: The University's internal controls failed to detect that the data reported and posted to NSLDS did not agree to the University's records. Effect: There is a risk that students have the incorrect NSLDS enrollment information, which can result in improper financial aid amounts being awarded. Repeat Finding: The finding is not a repeat finding. Recommendation: We recommend that the University review its enrollment certification batches subsequent to being posted by NSLDS. Views of responsible officials: There is no disagreement with the audit finding.
Finding 2024-001
Federal Agency: U.S. Department of Education Federal Program Name: Student Financial Aid Cluster Assistance Listing Number: 84.063 & 84.268 Federal Award Identification Number and Year: P063P242442-2024 & P268K242442-2024 Award Period: July 1, 2023 through June 30, 2024 Type of Finding: • Significant Deficiency in Internal Control over Compliance • Other Matters Criteria or specific requirement: The administration of the Title IV programs depends heavily on the accuracy and timeliness of the enrollment information reported by institutions. Institutions must review, update, and certify student enrollment statuses, program information, and effective dates that appear on the Enrollment Reporting Roster file or on the Enrollment Maintenance page of the NSLDS Professional Access (NSLDSFAP) website. Condition: The University failed to reconcile the enrollment statuses and effective dates per their records to the enrollment information per NSLDS. Questioned costs: None Context: During the reporting window, the University went through a software update. As a result of this update, three students were identified to have inaccurate enrollment information transmitted during the transition. Cause: The University's internal controls failed to detect that the data reported and posted to NSLDS did not agree to the University's records. Effect: There is a risk that students have the incorrect NSLDS enrollment information, which can result in improper financial aid amounts being awarded. Repeat Finding: The finding is not a repeat finding. Recommendation: We recommend that the University review its enrollment certification batches subsequent to being posted by NSLDS. Views of responsible officials: There is no disagreement with the audit finding.
Finding 2024-001
Federal Agency: U.S. Department of Education Federal Program Name: Student Financial Aid Cluster Assistance Listing Number: 84.063 & 84.268 Federal Award Identification Number and Year: P063P242442-2024 & P268K242442-2024 Award Period: July 1, 2023 through June 30, 2024 Type of Finding: • Significant Deficiency in Internal Control over Compliance • Other Matters Criteria or specific requirement: The administration of the Title IV programs depends heavily on the accuracy and timeliness of the enrollment information reported by institutions. Institutions must review, update, and certify student enrollment statuses, program information, and effective dates that appear on the Enrollment Reporting Roster file or on the Enrollment Maintenance page of the NSLDS Professional Access (NSLDSFAP) website. Condition: The University failed to reconcile the enrollment statuses and effective dates per their records to the enrollment information per NSLDS. Questioned costs: None Context: During the reporting window, the University went through a software update. As a result of this update, three students were identified to have inaccurate enrollment information transmitted during the transition. Cause: The University's internal controls failed to detect that the data reported and posted to NSLDS did not agree to the University's records. Effect: There is a risk that students have the incorrect NSLDS enrollment information, which can result in improper financial aid amounts being awarded. Repeat Finding: The finding is not a repeat finding. Recommendation: We recommend that the University review its enrollment certification batches subsequent to being posted by NSLDS. Views of responsible officials: There is no disagreement with the audit finding.
Finding 2024-001
Federal Agency: U.S. Department of Education Federal Program Name: Student Financial Aid Cluster Assistance Listing Number: 84.063 & 84.268 Federal Award Identification Number and Year: P063P242442-2024 & P268K242442-2024 Award Period: July 1, 2023 through June 30, 2024 Type of Finding: • Significant Deficiency in Internal Control over Compliance • Other Matters Criteria or specific requirement: The administration of the Title IV programs depends heavily on the accuracy and timeliness of the enrollment information reported by institutions. Institutions must review, update, and certify student enrollment statuses, program information, and effective dates that appear on the Enrollment Reporting Roster file or on the Enrollment Maintenance page of the NSLDS Professional Access (NSLDSFAP) website. Condition: The University failed to reconcile the enrollment statuses and effective dates per their records to the enrollment information per NSLDS. Questioned costs: None Context: During the reporting window, the University went through a software update. As a result of this update, three students were identified to have inaccurate enrollment information transmitted during the transition. Cause: The University's internal controls failed to detect that the data reported and posted to NSLDS did not agree to the University's records. Effect: There is a risk that students have the incorrect NSLDS enrollment information, which can result in improper financial aid amounts being awarded. Repeat Finding: The finding is not a repeat finding. Recommendation: We recommend that the University review its enrollment certification batches subsequent to being posted by NSLDS. Views of responsible officials: There is no disagreement with the audit finding.