Criteria: The School must return Title IV funds to the Department of Education ("DOE") that have not been disbursed to a student's account no later than 45 days after the date the School determines that a refund is necessary. Condition: The School did not return certain Title IV funds to the DOE within 45 days. Cause: The School did not reconcile the student accounts in a timely manner to ensure the return of certain Title IV funds to the DOE within the 45 day requirement. Effect: Three instances occurred where Title IV funds were not disbursed to the students account, ranging from approximately $1,800 to $18,500. Further, these funds were not returned to the DOE within 45 days. Perspective Information: This issue was noted in three out of forty-nine students selected for testing. Recommendations: We recommend that the School ensure any Title IV funds that are not disbursed to a student's account are returned to the DOE within 45 days. Views of Responsible Officials and Planned Corrective Actions: The School has implemented a comprehensive set of corrective actions to strengthen internal controls and ensure any Title IV funds that are not disbursed to a student's account are returned to the DOE within 45 days. Please see attached corrective action plan.
Criteria: The School must return Title IV funds to the Department of Education ("DOE") that have not been disbursed to a student's account no later than 45 days after the date the School determines that a refund is necessary. Condition: The School did not return certain Title IV funds to the DOE within 45 days. Cause: The School did not reconcile the student accounts in a timely manner to ensure the return of certain Title IV funds to the DOE within the 45 day requirement. Effect: Three instances occurred where Title IV funds were not disbursed to the students account, ranging from approximately $1,800 to $18,500. Further, these funds were not returned to the DOE within 45 days. Perspective Information: This issue was noted in three out of forty-nine students selected for testing. Recommendations: We recommend that the School ensure any Title IV funds that are not disbursed to a student's account are returned to the DOE within 45 days. Views of Responsible Officials and Planned Corrective Actions: The School has implemented a comprehensive set of corrective actions to strengthen internal controls and ensure any Title IV funds that are not disbursed to a student's account are returned to the DOE within 45 days. Please see attached corrective action plan.
Criteria: The School must return Title IV funds to the Department of Education ("DOE") that have not been disbursed to a student's account no later than 45 days after the date the School determines that a refund is necessary. Condition: The School did not return certain Title IV funds to the DOE within 45 days. Cause: The School did not reconcile the student accounts in a timely manner to ensure the return of certain Title IV funds to the DOE within the 45 day requirement. Effect: Three instances occurred where Title IV funds were not disbursed to the students account, ranging from approximately $1,800 to $18,500. Further, these funds were not returned to the DOE within 45 days. Perspective Information: This issue was noted in three out of forty-nine students selected for testing. Recommendations: We recommend that the School ensure any Title IV funds that are not disbursed to a student's account are returned to the DOE within 45 days. Views of Responsible Officials and Planned Corrective Actions: The School has implemented a comprehensive set of corrective actions to strengthen internal controls and ensure any Title IV funds that are not disbursed to a student's account are returned to the DOE within 45 days. Please see attached corrective action plan.
Criteria: The School must design, implement, and maintain effective internal controls over compliance with the requirements of laws, statutes, regulations, rules and provisions of contracts or grant agreements applicable to the School's federal program. Condition: The School did not request disbursements of certain Title IV funds, the majority of which were Federal Supplemental Educational Opportunity Grant ("FSEOG") disbursements, in a timely manner. Cause: The School did not follow the procedures that are in place to ensure that certain Title IV funds that were applied to student accounts were requested and ultimately disbursed from the DOE in a timely manner. Effect: Twenty instances occurred in which student account statements and disbursement notifications indicated that Title IV funds were applied to the students account, however the Title IV funds were not drawn down from the DOE within the same fiscal year. Perspective Information: This issue was noted in twenty out of forty students selected for testing. Recommendations: We recommend that the School ensure policies and procedures are implemented and adhered to related to ensuring timely requests to the DOE for Title IV funds are made. Views of Responsible Officials and Planned Corrective Actions: The School has implemented policies and procedures to ensure timely requests to the DOE for Title IV funds are made. Please see attached corrective action plan.
Criteria: The School must design, implement, and maintain effective internal controls over compliance with the requirements of laws, statutes, regulations, rules and provisions of contracts or grant agreements applicable to the School's federal program. Condition: The School did not request disbursements of certain Title IV funds, the majority of which were Federal Supplemental Educational Opportunity Grant ("FSEOG") disbursements, in a timely manner. Cause: The School did not follow the procedures that are in place to ensure that certain Title IV funds that were applied to student accounts were requested and ultimately disbursed from the DOE in a timely manner. Effect: Twenty instances occurred in which student account statements and disbursement notifications indicated that Title IV funds were applied to the students account, however the Title IV funds were not drawn down from the DOE within the same fiscal year. Perspective Information: This issue was noted in twenty out of forty students selected for testing. Recommendations: We recommend that the School ensure policies and procedures are implemented and adhered to related to ensuring timely requests to the DOE for Title IV funds are made. Views of Responsible Officials and Planned Corrective Actions: The School has implemented policies and procedures to ensure timely requests to the DOE for Title IV funds are made. Please see attached corrective action plan.
Criteria: The School must design, implement, and maintain effective internal controls over compliance with the requirements of laws, statutes, regulations, rules and provisions of contracts or grant agreements applicable to the School's federal program. Condition: The School did not request disbursements of certain Title IV funds, the majority of which were Federal Supplemental Educational Opportunity Grant ("FSEOG") disbursements, in a timely manner. Cause: The School did not follow the procedures that are in place to ensure that certain Title IV funds that were applied to student accounts were requested and ultimately disbursed from the DOE in a timely manner. Effect: Twenty instances occurred in which student account statements and disbursement notifications indicated that Title IV funds were applied to the students account, however the Title IV funds were not drawn down from the DOE within the same fiscal year. Perspective Information: This issue was noted in twenty out of forty students selected for testing. Recommendations: We recommend that the School ensure policies and procedures are implemented and adhered to related to ensuring timely requests to the DOE for Title IV funds are made. Views of Responsible Officials and Planned Corrective Actions: The School has implemented policies and procedures to ensure timely requests to the DOE for Title IV funds are made. Please see attached corrective action plan.
Criteria: The School must return Title IV funds to the Department of Education ("DOE") that have not been disbursed to a student's account no later than 45 days after the date the School determines that a refund is necessary. Condition: The School did not return certain Title IV funds to the DOE within 45 days. Cause: The School did not reconcile the student accounts in a timely manner to ensure the return of certain Title IV funds to the DOE within the 45 day requirement. Effect: Three instances occurred where Title IV funds were not disbursed to the students account, ranging from approximately $1,800 to $18,500. Further, these funds were not returned to the DOE within 45 days. Perspective Information: This issue was noted in three out of forty-nine students selected for testing. Recommendations: We recommend that the School ensure any Title IV funds that are not disbursed to a student's account are returned to the DOE within 45 days. Views of Responsible Officials and Planned Corrective Actions: The School has implemented a comprehensive set of corrective actions to strengthen internal controls and ensure any Title IV funds that are not disbursed to a student's account are returned to the DOE within 45 days. Please see attached corrective action plan.
Criteria: The School must return Title IV funds to the Department of Education ("DOE") that have not been disbursed to a student's account no later than 45 days after the date the School determines that a refund is necessary. Condition: The School did not return certain Title IV funds to the DOE within 45 days. Cause: The School did not reconcile the student accounts in a timely manner to ensure the return of certain Title IV funds to the DOE within the 45 day requirement. Effect: Three instances occurred where Title IV funds were not disbursed to the students account, ranging from approximately $1,800 to $18,500. Further, these funds were not returned to the DOE within 45 days. Perspective Information: This issue was noted in three out of forty-nine students selected for testing. Recommendations: We recommend that the School ensure any Title IV funds that are not disbursed to a student's account are returned to the DOE within 45 days. Views of Responsible Officials and Planned Corrective Actions: The School has implemented a comprehensive set of corrective actions to strengthen internal controls and ensure any Title IV funds that are not disbursed to a student's account are returned to the DOE within 45 days. Please see attached corrective action plan.
Criteria: The School must return Title IV funds to the Department of Education ("DOE") that have not been disbursed to a student's account no later than 45 days after the date the School determines that a refund is necessary. Condition: The School did not return certain Title IV funds to the DOE within 45 days. Cause: The School did not reconcile the student accounts in a timely manner to ensure the return of certain Title IV funds to the DOE within the 45 day requirement. Effect: Three instances occurred where Title IV funds were not disbursed to the students account, ranging from approximately $1,800 to $18,500. Further, these funds were not returned to the DOE within 45 days. Perspective Information: This issue was noted in three out of forty-nine students selected for testing. Recommendations: We recommend that the School ensure any Title IV funds that are not disbursed to a student's account are returned to the DOE within 45 days. Views of Responsible Officials and Planned Corrective Actions: The School has implemented a comprehensive set of corrective actions to strengthen internal controls and ensure any Title IV funds that are not disbursed to a student's account are returned to the DOE within 45 days. Please see attached corrective action plan.
Criteria: The School must design, implement, and maintain effective internal controls over compliance with the requirements of laws, statutes, regulations, rules and provisions of contracts or grant agreements applicable to the School's federal program. Condition: The School did not request disbursements of certain Title IV funds, the majority of which were Federal Supplemental Educational Opportunity Grant ("FSEOG") disbursements, in a timely manner. Cause: The School did not follow the procedures that are in place to ensure that certain Title IV funds that were applied to student accounts were requested and ultimately disbursed from the DOE in a timely manner. Effect: Twenty instances occurred in which student account statements and disbursement notifications indicated that Title IV funds were applied to the students account, however the Title IV funds were not drawn down from the DOE within the same fiscal year. Perspective Information: This issue was noted in twenty out of forty students selected for testing. Recommendations: We recommend that the School ensure policies and procedures are implemented and adhered to related to ensuring timely requests to the DOE for Title IV funds are made. Views of Responsible Officials and Planned Corrective Actions: The School has implemented policies and procedures to ensure timely requests to the DOE for Title IV funds are made. Please see attached corrective action plan.
Criteria: The School must design, implement, and maintain effective internal controls over compliance with the requirements of laws, statutes, regulations, rules and provisions of contracts or grant agreements applicable to the School's federal program. Condition: The School did not request disbursements of certain Title IV funds, the majority of which were Federal Supplemental Educational Opportunity Grant ("FSEOG") disbursements, in a timely manner. Cause: The School did not follow the procedures that are in place to ensure that certain Title IV funds that were applied to student accounts were requested and ultimately disbursed from the DOE in a timely manner. Effect: Twenty instances occurred in which student account statements and disbursement notifications indicated that Title IV funds were applied to the students account, however the Title IV funds were not drawn down from the DOE within the same fiscal year. Perspective Information: This issue was noted in twenty out of forty students selected for testing. Recommendations: We recommend that the School ensure policies and procedures are implemented and adhered to related to ensuring timely requests to the DOE for Title IV funds are made. Views of Responsible Officials and Planned Corrective Actions: The School has implemented policies and procedures to ensure timely requests to the DOE for Title IV funds are made. Please see attached corrective action plan.
Criteria: The School must design, implement, and maintain effective internal controls over compliance with the requirements of laws, statutes, regulations, rules and provisions of contracts or grant agreements applicable to the School's federal program. Condition: The School did not request disbursements of certain Title IV funds, the majority of which were Federal Supplemental Educational Opportunity Grant ("FSEOG") disbursements, in a timely manner. Cause: The School did not follow the procedures that are in place to ensure that certain Title IV funds that were applied to student accounts were requested and ultimately disbursed from the DOE in a timely manner. Effect: Twenty instances occurred in which student account statements and disbursement notifications indicated that Title IV funds were applied to the students account, however the Title IV funds were not drawn down from the DOE within the same fiscal year. Perspective Information: This issue was noted in twenty out of forty students selected for testing. Recommendations: We recommend that the School ensure policies and procedures are implemented and adhered to related to ensuring timely requests to the DOE for Title IV funds are made. Views of Responsible Officials and Planned Corrective Actions: The School has implemented policies and procedures to ensure timely requests to the DOE for Title IV funds are made. Please see attached corrective action plan.