Audit 352041

FY End
2024-06-30
Total Expended
$1.66M
Findings
6
Programs
3
Year: 2024 Accepted: 2025-03-31

Organization Exclusion Status:

Checking exclusion status...

Findings

ID Ref Severity Repeat Requirement
551117 2024-001 Material Weakness - N
551118 2024-001 Material Weakness - N
551119 2024-001 Material Weakness - N
1127559 2024-001 Material Weakness - N
1127560 2024-001 Material Weakness - N
1127561 2024-001 Material Weakness - N

Programs

ALN Program Spent Major Findings
84.268 Federal Direct Student Loans $1.04M Yes 1
84.063 Federal Pell Grant Program $577,470 Yes 1
84.007 Federal Supplemental Educational Opportunity Grants $38,760 Yes 1

Contacts

Name Title Type
V7GJDNLAMJA9 Stephen P. Best Auditee
7275691401 Gary Bishop Auditor
No contacts on file

Notes to SEFA

Title: Subrecipients Accounting Policies: Basis of Presentation: The accompanying schedule of expenditures of federal awards (Schedule) includes the federal award activity of Tinity College of Florida, lnc. under programs of the federal government for the year ended June 30, 2024. The accompanying notes are an integral part of this Schedule. 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 Requiremenfs, Cosf Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Trinity College of Florida, lnc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Trinity College of Florida, lnc. Summary of Significant 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. De Minimis Rate Used: N Rate Explanation: Trinity College of Florida, lnc. has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. Of the federal expenditures presented in this Schedule, Trinity College of Florida, lnc. provided no federal awards to subrecipients.

Finding Details

Federal Agency –Department of Education, Student Financial Assistance Cluster, Federal Supplemental Educational Opportunity Grants, Assistance Listing Number 84.007; Federal Pell Grant Program, Assistance Listing Number 84.063; Federal Direct Loan Program, Assistance Listing Number 84.268. Federal Award Program Year – July 1, 2023 – June 30, 2024 Criteria or Specific Requirement – Special Tests and Provisions – Gramm-Leach-Bliley Act-Student Information Security –The Program Participation Agreement (PPA) with the United States Department of Education requires the College to comply with the Standards for Safeguarding Customer Information as described in 16 CFR Part 314 which includes the development of a comprehensive written security program. Condition – The College has not document a written information security program in accordance with the applicable regulations. Questioned Costs – None. Context – Under the College’s PPA, institutions must protect student financial aid information, with particular attention to information provided to institutions by the Department of Education or otherwise obtained in support of the administration of federal student financial aid programs. Cause – A formal information security program was not documented. Effect – The absence of this document could result in the unauthorized disclosure, misuse, alteration, destruction, or other compromise of student account information Identification as a Repeat Finding – N/A Recommendation – We recommend the College complete a comprehensive risk assessment surrounding information security, and document and information security program based on that risk assessment.
Federal Agency –Department of Education, Student Financial Assistance Cluster, Federal Supplemental Educational Opportunity Grants, Assistance Listing Number 84.007; Federal Pell Grant Program, Assistance Listing Number 84.063; Federal Direct Loan Program, Assistance Listing Number 84.268. Federal Award Program Year – July 1, 2023 – June 30, 2024 Criteria or Specific Requirement – Special Tests and Provisions – Gramm-Leach-Bliley Act-Student Information Security –The Program Participation Agreement (PPA) with the United States Department of Education requires the College to comply with the Standards for Safeguarding Customer Information as described in 16 CFR Part 314 which includes the development of a comprehensive written security program. Condition – The College has not document a written information security program in accordance with the applicable regulations. Questioned Costs – None. Context – Under the College’s PPA, institutions must protect student financial aid information, with particular attention to information provided to institutions by the Department of Education or otherwise obtained in support of the administration of federal student financial aid programs. Cause – A formal information security program was not documented. Effect – The absence of this document could result in the unauthorized disclosure, misuse, alteration, destruction, or other compromise of student account information Identification as a Repeat Finding – N/A Recommendation – We recommend the College complete a comprehensive risk assessment surrounding information security, and document and information security program based on that risk assessment.
Federal Agency –Department of Education, Student Financial Assistance Cluster, Federal Supplemental Educational Opportunity Grants, Assistance Listing Number 84.007; Federal Pell Grant Program, Assistance Listing Number 84.063; Federal Direct Loan Program, Assistance Listing Number 84.268. Federal Award Program Year – July 1, 2023 – June 30, 2024 Criteria or Specific Requirement – Special Tests and Provisions – Gramm-Leach-Bliley Act-Student Information Security –The Program Participation Agreement (PPA) with the United States Department of Education requires the College to comply with the Standards for Safeguarding Customer Information as described in 16 CFR Part 314 which includes the development of a comprehensive written security program. Condition – The College has not document a written information security program in accordance with the applicable regulations. Questioned Costs – None. Context – Under the College’s PPA, institutions must protect student financial aid information, with particular attention to information provided to institutions by the Department of Education or otherwise obtained in support of the administration of federal student financial aid programs. Cause – A formal information security program was not documented. Effect – The absence of this document could result in the unauthorized disclosure, misuse, alteration, destruction, or other compromise of student account information Identification as a Repeat Finding – N/A Recommendation – We recommend the College complete a comprehensive risk assessment surrounding information security, and document and information security program based on that risk assessment.
Federal Agency –Department of Education, Student Financial Assistance Cluster, Federal Supplemental Educational Opportunity Grants, Assistance Listing Number 84.007; Federal Pell Grant Program, Assistance Listing Number 84.063; Federal Direct Loan Program, Assistance Listing Number 84.268. Federal Award Program Year – July 1, 2023 – June 30, 2024 Criteria or Specific Requirement – Special Tests and Provisions – Gramm-Leach-Bliley Act-Student Information Security –The Program Participation Agreement (PPA) with the United States Department of Education requires the College to comply with the Standards for Safeguarding Customer Information as described in 16 CFR Part 314 which includes the development of a comprehensive written security program. Condition – The College has not document a written information security program in accordance with the applicable regulations. Questioned Costs – None. Context – Under the College’s PPA, institutions must protect student financial aid information, with particular attention to information provided to institutions by the Department of Education or otherwise obtained in support of the administration of federal student financial aid programs. Cause – A formal information security program was not documented. Effect – The absence of this document could result in the unauthorized disclosure, misuse, alteration, destruction, or other compromise of student account information Identification as a Repeat Finding – N/A Recommendation – We recommend the College complete a comprehensive risk assessment surrounding information security, and document and information security program based on that risk assessment.
Federal Agency –Department of Education, Student Financial Assistance Cluster, Federal Supplemental Educational Opportunity Grants, Assistance Listing Number 84.007; Federal Pell Grant Program, Assistance Listing Number 84.063; Federal Direct Loan Program, Assistance Listing Number 84.268. Federal Award Program Year – July 1, 2023 – June 30, 2024 Criteria or Specific Requirement – Special Tests and Provisions – Gramm-Leach-Bliley Act-Student Information Security –The Program Participation Agreement (PPA) with the United States Department of Education requires the College to comply with the Standards for Safeguarding Customer Information as described in 16 CFR Part 314 which includes the development of a comprehensive written security program. Condition – The College has not document a written information security program in accordance with the applicable regulations. Questioned Costs – None. Context – Under the College’s PPA, institutions must protect student financial aid information, with particular attention to information provided to institutions by the Department of Education or otherwise obtained in support of the administration of federal student financial aid programs. Cause – A formal information security program was not documented. Effect – The absence of this document could result in the unauthorized disclosure, misuse, alteration, destruction, or other compromise of student account information Identification as a Repeat Finding – N/A Recommendation – We recommend the College complete a comprehensive risk assessment surrounding information security, and document and information security program based on that risk assessment.
Federal Agency –Department of Education, Student Financial Assistance Cluster, Federal Supplemental Educational Opportunity Grants, Assistance Listing Number 84.007; Federal Pell Grant Program, Assistance Listing Number 84.063; Federal Direct Loan Program, Assistance Listing Number 84.268. Federal Award Program Year – July 1, 2023 – June 30, 2024 Criteria or Specific Requirement – Special Tests and Provisions – Gramm-Leach-Bliley Act-Student Information Security –The Program Participation Agreement (PPA) with the United States Department of Education requires the College to comply with the Standards for Safeguarding Customer Information as described in 16 CFR Part 314 which includes the development of a comprehensive written security program. Condition – The College has not document a written information security program in accordance with the applicable regulations. Questioned Costs – None. Context – Under the College’s PPA, institutions must protect student financial aid information, with particular attention to information provided to institutions by the Department of Education or otherwise obtained in support of the administration of federal student financial aid programs. Cause – A formal information security program was not documented. Effect – The absence of this document could result in the unauthorized disclosure, misuse, alteration, destruction, or other compromise of student account information Identification as a Repeat Finding – N/A Recommendation – We recommend the College complete a comprehensive risk assessment surrounding information security, and document and information security program based on that risk assessment.