FAC Explorer

Audit 358905

FY End
2024-12-31
Total Expended
$2.08M
Findings
4
Programs
2
Organization: Commonwealth Institute of Funeral Service (TX)
Year: 2024 Accepted: 2025-06-16
Auditor: Blazek & Vetterling

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
565020 2024-001 Significant Deficiency - N
565021 2024-001 Significant Deficiency - N
1141462 2024-001 Significant Deficiency - N
1141463 2024-001 Significant Deficiency - N

Programs

ALN Program Spent Major Findings
84.268 Federal Direct Student Loans $1.41M Yes 1
84.063 Federal Pell Grant Program $664,025 Yes 1

Contacts

Name Title Type
S3QQFFKBLDP1 Jessika Jenkins Auditee
2818730262 Erica Stafford Auditor
No contacts on file

Notes to SEFA

Title: NOTE 1 – SIGNIFICANT ACCOUNTING POLICY Accounting Policies: Basis of presentation – The schedule of expenditures of federal awards (the schedule) is prepared on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U. S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Federal expenditures include allowable costs funded by federal awards. Allowable costs are subject to the cost principles of the Uniform Guidance and include costs that are recognized as expenses in the Institute’s financial statements in conformity with generally accepted accounting principles. The Institute does not use the 10% de minimis rate. The Institute does not have subrecipients. Because the schedule presents only a selected portion of the operations of the Institute, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Institute. De Minimis Rate Used: N Rate Explanation: The Auditee has elected not to use an indirect cost rate. Basis of presentation – The schedule of expenditures of federal awards (the schedule) is prepared on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U. S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Federal expenditures include allowable costs funded by federal awards. Allowable costs are subject to the cost principles of the Uniform Guidance and include costs that are recognized as expenses in the Institute’s financial statements in conformity with generally accepted accounting principles. The Institute does not use the 10% de minimis rate. The Institute does not have subrecipients. Because the schedule presents only a selected portion of the operations of the Institute, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Institute.
Title: NOTE 2 – FEDERAL DIRECT STUDENT LOAN PROGRAM Accounting Policies: Basis of presentation – The schedule of expenditures of federal awards (the schedule) is prepared on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U. S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Federal expenditures include allowable costs funded by federal awards. Allowable costs are subject to the cost principles of the Uniform Guidance and include costs that are recognized as expenses in the Institute’s financial statements in conformity with generally accepted accounting principles. The Institute does not use the 10% de minimis rate. The Institute does not have subrecipients. Because the schedule presents only a selected portion of the operations of the Institute, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Institute. De Minimis Rate Used: N Rate Explanation: The Auditee has elected not to use an indirect cost rate. During the year ended December 31, 2024, the Institute processed new loans of $1,500,732 under the Federal Direct Student Loan Program. Under the Federal Direct Student Loan Program, loans are provided to eligible borrowers and parents directly by the Federal government through a private education lending organization.

Finding Details

Finding 2024-001
Finding #2024-001 – Significant Deficiency and Other Noncompliance. Applicable federal program: U. S. Department of Education, Student Financial Assistance Programs Cluster, Assistance Listing #84.063 Federal Pell Grant Program, Assistance Listing #84.268 Federal Direct Student Loans, Contracts #003556 and G03556, Contract years: 05/05/21 – 12/31/26. Criteria: Special Tests and Provisions – Enrollment Reporting – Enrollment reporting must be reported within 30 days whenever attendance changes for students, unless a roster file will be submitted within 60 days. Institutions are responsible for accurately reporting all Campus-Level Record data elements, including Enrollment Status (OMB No. 1845-0035, Pell-34 CFR Section 690.83(b)(2), and Direct Loan-34 CFR Section 685.309b). Condition and context: The Institute entered an incorrect enrollment status for 1 out of 16 students selected for testing. Cause: Failure to execute policies and procedures related to accurate reporting of enrollment status. Effect: Failure to follow and maintain internal control procedures over students’ status changes impacts the determination of eligibility for in-school status, deferment, and grace periods, as well as for the payment of interest subsidies to the Federal Family Education Loan Program (FFEL) holders by the Department of Education. Questioned costs: Unknown. Recommendation: Emphasize the importance of accurately reporting enrollment status. Views of responsible officials and planned corrective actions: Management agrees with the finding. See Corrective Action Plan.
Finding 2024-001
Finding #2024-001 – Significant Deficiency and Other Noncompliance. Applicable federal program: U. S. Department of Education, Student Financial Assistance Programs Cluster, Assistance Listing #84.063 Federal Pell Grant Program, Assistance Listing #84.268 Federal Direct Student Loans, Contracts #003556 and G03556, Contract years: 05/05/21 – 12/31/26. Criteria: Special Tests and Provisions – Enrollment Reporting – Enrollment reporting must be reported within 30 days whenever attendance changes for students, unless a roster file will be submitted within 60 days. Institutions are responsible for accurately reporting all Campus-Level Record data elements, including Enrollment Status (OMB No. 1845-0035, Pell-34 CFR Section 690.83(b)(2), and Direct Loan-34 CFR Section 685.309b). Condition and context: The Institute entered an incorrect enrollment status for 1 out of 16 students selected for testing. Cause: Failure to execute policies and procedures related to accurate reporting of enrollment status. Effect: Failure to follow and maintain internal control procedures over students’ status changes impacts the determination of eligibility for in-school status, deferment, and grace periods, as well as for the payment of interest subsidies to the Federal Family Education Loan Program (FFEL) holders by the Department of Education. Questioned costs: Unknown. Recommendation: Emphasize the importance of accurately reporting enrollment status. Views of responsible officials and planned corrective actions: Management agrees with the finding. See Corrective Action Plan.
Finding 2024-001
Finding #2024-001 – Significant Deficiency and Other Noncompliance. Applicable federal program: U. S. Department of Education, Student Financial Assistance Programs Cluster, Assistance Listing #84.063 Federal Pell Grant Program, Assistance Listing #84.268 Federal Direct Student Loans, Contracts #003556 and G03556, Contract years: 05/05/21 – 12/31/26. Criteria: Special Tests and Provisions – Enrollment Reporting – Enrollment reporting must be reported within 30 days whenever attendance changes for students, unless a roster file will be submitted within 60 days. Institutions are responsible for accurately reporting all Campus-Level Record data elements, including Enrollment Status (OMB No. 1845-0035, Pell-34 CFR Section 690.83(b)(2), and Direct Loan-34 CFR Section 685.309b). Condition and context: The Institute entered an incorrect enrollment status for 1 out of 16 students selected for testing. Cause: Failure to execute policies and procedures related to accurate reporting of enrollment status. Effect: Failure to follow and maintain internal control procedures over students’ status changes impacts the determination of eligibility for in-school status, deferment, and grace periods, as well as for the payment of interest subsidies to the Federal Family Education Loan Program (FFEL) holders by the Department of Education. Questioned costs: Unknown. Recommendation: Emphasize the importance of accurately reporting enrollment status. Views of responsible officials and planned corrective actions: Management agrees with the finding. See Corrective Action Plan.
Finding 2024-001
Finding #2024-001 – Significant Deficiency and Other Noncompliance. Applicable federal program: U. S. Department of Education, Student Financial Assistance Programs Cluster, Assistance Listing #84.063 Federal Pell Grant Program, Assistance Listing #84.268 Federal Direct Student Loans, Contracts #003556 and G03556, Contract years: 05/05/21 – 12/31/26. Criteria: Special Tests and Provisions – Enrollment Reporting – Enrollment reporting must be reported within 30 days whenever attendance changes for students, unless a roster file will be submitted within 60 days. Institutions are responsible for accurately reporting all Campus-Level Record data elements, including Enrollment Status (OMB No. 1845-0035, Pell-34 CFR Section 690.83(b)(2), and Direct Loan-34 CFR Section 685.309b). Condition and context: The Institute entered an incorrect enrollment status for 1 out of 16 students selected for testing. Cause: Failure to execute policies and procedures related to accurate reporting of enrollment status. Effect: Failure to follow and maintain internal control procedures over students’ status changes impacts the determination of eligibility for in-school status, deferment, and grace periods, as well as for the payment of interest subsidies to the Federal Family Education Loan Program (FFEL) holders by the Department of Education. Questioned costs: Unknown. Recommendation: Emphasize the importance of accurately reporting enrollment status. Views of responsible officials and planned corrective actions: Management agrees with the finding. See Corrective Action Plan.