Audit 363978

FY End
2024-06-30
Total Expended
$42.47M
Findings
4
Programs
21
Organization: New Jersey City University (NJ)
Year: 2024 Accepted: 2025-08-08
Auditor: Kpmg LLP

Organization Exclusion Status:

Checking exclusion status...

Findings

ID Ref Severity Repeat Requirement
573159 2024-001 Material Weakness Yes L
573160 2024-002 Significant Deficiency - EN
1149601 2024-001 Material Weakness Yes L
1149602 2024-002 Significant Deficiency - EN

Contacts

Name Title Type
FU7YL2GAWHY3 Patricia Altomonte Auditee
2012003058 Jane Letts Auditor
No contacts on file

Notes to SEFA

Title: Basis of Presentation Accounting Policies: The accompanying schedule of expenditures of Federal awards (the SEFA) includes the Federal grant activity of New Jersey City University (the University) and its discretely presented component unit, New Jersey City University Foundation (the Foundation) and is presented on the accrual basis of accounting. The information in the SEFA 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). The SEFA is collectively referred to as the Schedule. Because the Schedule presents only a selected portion of the operations of the University, it is not intended to and does not present the financial position, changes in net position, or cash flows of the University. De Minimis Rate Used: N Rate Explanation: The University has elected not to use the 10-percent de minimis indirect cost rate allowed under Uniform Guidance. The accompanying schedule of expenditures of Federal awards (the SEFA) includes the Federal grant activity of New Jersey City University (the University) and its discretely presented component unit, New Jersey City University Foundation (the Foundation) and is presented on the accrual basis of accounting. The information in the SEFA 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). The SEFA is collectively referred to as the Schedule. Because the Schedule presents only a selected portion of the operations of the University, it is not intended to and does not present the financial position, changes in net position, or cash flows of the University.
Title: Indirect Cost Rate Accounting Policies: The accompanying schedule of expenditures of Federal awards (the SEFA) includes the Federal grant activity of New Jersey City University (the University) and its discretely presented component unit, New Jersey City University Foundation (the Foundation) and is presented on the accrual basis of accounting. The information in the SEFA 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). The SEFA is collectively referred to as the Schedule. Because the Schedule presents only a selected portion of the operations of the University, it is not intended to and does not present the financial position, changes in net position, or cash flows of the University. De Minimis Rate Used: N Rate Explanation: The University has elected not to use the 10-percent de minimis indirect cost rate allowed under Uniform Guidance. The University has elected not to use the 10-percent de minimis indirect cost rate allowed under Uniform Guidance.
Title: Federal Student Loan Programs Accounting Policies: The accompanying schedule of expenditures of Federal awards (the SEFA) includes the Federal grant activity of New Jersey City University (the University) and its discretely presented component unit, New Jersey City University Foundation (the Foundation) and is presented on the accrual basis of accounting. The information in the SEFA 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). The SEFA is collectively referred to as the Schedule. Because the Schedule presents only a selected portion of the operations of the University, it is not intended to and does not present the financial position, changes in net position, or cash flows of the University. De Minimis Rate Used: N Rate Explanation: The University has elected not to use the 10-percent de minimis indirect cost rate allowed under Uniform Guidance. The University is responsible only for the performance of certain administrative duties with respect to the Federal Direct Student Loans program. Accordingly, the outstanding loans are not included in the University’s basic financial statements. It is not practical to determine the balance of loans outstanding to students of the University under this program as of June 30, 2024. The University administers and accounts for certain aspects of the Federal Perkins Loan Program. The University’s basic financial statements include the program’s net position and transactions. Loans outstanding at the beginning of the year and loans made during the year were $440,429 and $0, respectively, and are included in the SEFA. The balance of loans outstanding under the Federal Perkins Loan Program as of June 30, 2024 was $332,137.

Finding Details

2024-001 Reporting U.S. Department of Education: Student Financial Assistance Cluster – Federal Pell Grant Program (ALN 84.063) Federal Award Number and Year: P063P241813 (7/1/23 – 6/30/24) Statistically Valid Sample: The sample was not intended to be, and was not, a statistically valid sample. Prior Year Finding: 2023-003 Finding Type: Material Weakness and Material Noncompliance Criteria Institutions submit Direct Loan, Pell Grant, TEACH Grant, and IASG origination records and disbursement records to the COD system. Origination records can be sent well in advance of any disbursements, as early as the institution chooses to submit them for any student the institution reasonably believes will be eligible for a payment. An institution follows up with a disbursement record for that student no earlier than (1) seven calendar days prior to the disbursement date under the Advance or Heightened Cash Monitoring 1 payment methods, or (2) the date of the disbursement under the Reimbursement or Heightened Cash Monitoring 2 Payment Method (see Federal Register, Volume 85, Number 134, July 14, 2020). The disbursement record reports the actual disbursement date and the amount of the disbursement. ED processes origination and/or disbursement records and returns acknowledgments to the institution. The acknowledgments identify the processing status of each record: Rejected, Accepted with Corrections, or Accepted. Institutions must report student disbursement data within 15 calendar days after the institution makes a disbursement or becomes aware of the need to make an adjustment to previously reported student disbursement data or expected student disbursement data. Institutions may do this by reporting once every 15 calendar days, bi-weekly or weekly, or may set up their own system to ensure that changes are reported in a timely manner. Additionally, in accordance with Federal requirements, the University shall maintain internal controls over Federal programs designed to provide reasonable assurance that the Pell reporting requirements are executed in compliance with Federal statutes, regulations, and the terms and conditions of the Federal award that could have a direct and material effect on a Federal program. Condition and Context The University has a process in place to submit the required information to COD on a weekly basis. For the 40 selections we tested, there were 8 instances of noncompliance exceptions where the University failed to report student disbursement data related to Pell Awards within 15 calendar days. Additionally, the University did not properly maintain evidence that they had a control in place to review the ED acknowledgement reports and to ensure disbursement data was reported within the 15 calendar day requirement. The University’s policies and procedures to ensure compliance with the above requirements did not include procedures to properly maintain for the existence of a control or that the control was being performed. Cause The University did not have a process in place to maintain the documentation regarding the existence or performance of the control. Effect The University is not in compliance with the Federal requirements to report disbursement data and maintain documentation of its internal controls over the 15 calendar day reporting compliance requirement. Questioned Costs None Recommendation We recommend that the University strengthen its policies, procedures and controls over Pell reporting in relation to the Student Financial Assistance Cluster. We also recommend that the University ensure that internal controls in place surrounding the 15 calendar day reporting process are performed as designed and documentation is maintained. Views of Responsible Official The University agrees with the finding. The University has had a significant amount of staff turnover and reorganization in fiscal year 2024 in the financial aid office. The Interim Director of Financial Aid is collaborating with the Controller’s office to make sure that the University has internal controls in place over Federal programs to assure that the Pell reporting requirements are executed in compliance with Federal statutes, regulation and terms and conditions of the Federal award. The University is investing in making sure that the Financial Aid Office is staffed and creates policies and procedures that assure that we improve internal controls over the Pell reporting process.
U.S. Department of Education: Student Financial Assistance Cluster – Federal Direct Student Loans (ALN 84.268) Federal Award Number and Year: P268K241813 (7/1/23 – 6/30/24) Statistically Valid Sample: The sample was not intended to be, and was not, a statistically valid sample. Prior Year Finding: Not applicable Finding Type: Significant Deficiency Criteria In determining loan amounts for Direct Subsidized Loans, the financial aid administrator subtracts from the COA, the EFC, and the EFA for the period of enrollment that the student (or parent on behalf of the student) will receive from Federal, state, institutional or other sources. Direct Unsubsidized Loans, Direct PLUS Loans, TEACH Grants, loans made by an institution to assist the student, state-sponsored loans, private education loans, and any other non-need-based loans may be used to replace the EFC (34 CFR 685.102(b)). A financial aid administrator may use professional judgment to offer dependent-level Direct Unsubsidized Loans (but no other Title IV aid) to a dependent student whose parents do not support the student or who refuse to complete a FAFSA (20 USC 1087(a)). The annual loan limits apply to the length of the institution’s academic year. Except for Direct PLUS loans and Direct Unsubsidized Loans made to graduate or professional students, proration of the annual loan limit is required when a program is less than an academic year as measured in either clock hours or credit hours or number of weeks; or when a program exceeds an academic year but the remaining portion of the program is less than an academic year in length. For the purpose of determining annual loan limits for a borrower who received an associate or bachelor’s degree and has re-enrolled in another eligible program for which the prior degree is a prerequisite, the grade level determination includes the number of years that a student has completed in the previously completed program of undergraduate study. In addition to the requirements and limits described below, awards must be coordinated among the various programs and with other Federal and nonfederal aid (need and non-need based aid) to ensure that total aid is not awarded in excess of the student’s financial need or cost of attendance (34 CFR 668.42, FWS, and FSEOG, 34 CFR 673.5 and 673.6; Direct Loan, 34 CFR 685.301). Condition and Context The University has a process in place which exception reports are reviewed by an authorized financial aid counselor to ensure they are completed timely and ensure students are eligible to receive Federal aid disbursements. For the 45 selections we tested, we noted one instance where the University’s process in place failed to identify the total aid awarded was in excess of the student’s financial need or cost of attendance. The aid disbursed in excess of the student’s financial need or cost of attendance was $283. The control did not operate effectively to detect the over award. Cause An incorrect budgetary item was utilized when calculating the student need based aid on the academic year 2024 cost of attendance for this individual student resulting in an award amount larger than needed for Federal unsubsidized direct loans. Effect Total aid in excess of the student’s financial need or cost of attendance was disbursed. Questioned Costs Not applicable as the finding is a significant deficiency. Recommendation We recommend that the University strengthen its controls in place to ensure the review is performed at a precision to detect awarding and disbursing aid in excess of student’s financial need or cost of attendance. Views of Responsible Official The University agrees with the finding. The University has had a significant amount of staff turnover and reorganization in fiscal year 2024 in the financial aid office. The Interim Director of Financial Aid is collaborating with the Controller’s office to make sure that the University has internal controls in place over Federal programs to assure that requirements are executed in compliance with Federal statutes, regulation and terms and conditions of the Federal award. The University is investing in making sure that the Financial Aid Office is staffed and creates policies and procedures that ensure that we improve internal controls over the Eligibility and Cost of Attendance process.
2024-001 Reporting U.S. Department of Education: Student Financial Assistance Cluster – Federal Pell Grant Program (ALN 84.063) Federal Award Number and Year: P063P241813 (7/1/23 – 6/30/24) Statistically Valid Sample: The sample was not intended to be, and was not, a statistically valid sample. Prior Year Finding: 2023-003 Finding Type: Material Weakness and Material Noncompliance Criteria Institutions submit Direct Loan, Pell Grant, TEACH Grant, and IASG origination records and disbursement records to the COD system. Origination records can be sent well in advance of any disbursements, as early as the institution chooses to submit them for any student the institution reasonably believes will be eligible for a payment. An institution follows up with a disbursement record for that student no earlier than (1) seven calendar days prior to the disbursement date under the Advance or Heightened Cash Monitoring 1 payment methods, or (2) the date of the disbursement under the Reimbursement or Heightened Cash Monitoring 2 Payment Method (see Federal Register, Volume 85, Number 134, July 14, 2020). The disbursement record reports the actual disbursement date and the amount of the disbursement. ED processes origination and/or disbursement records and returns acknowledgments to the institution. The acknowledgments identify the processing status of each record: Rejected, Accepted with Corrections, or Accepted. Institutions must report student disbursement data within 15 calendar days after the institution makes a disbursement or becomes aware of the need to make an adjustment to previously reported student disbursement data or expected student disbursement data. Institutions may do this by reporting once every 15 calendar days, bi-weekly or weekly, or may set up their own system to ensure that changes are reported in a timely manner. Additionally, in accordance with Federal requirements, the University shall maintain internal controls over Federal programs designed to provide reasonable assurance that the Pell reporting requirements are executed in compliance with Federal statutes, regulations, and the terms and conditions of the Federal award that could have a direct and material effect on a Federal program. Condition and Context The University has a process in place to submit the required information to COD on a weekly basis. For the 40 selections we tested, there were 8 instances of noncompliance exceptions where the University failed to report student disbursement data related to Pell Awards within 15 calendar days. Additionally, the University did not properly maintain evidence that they had a control in place to review the ED acknowledgement reports and to ensure disbursement data was reported within the 15 calendar day requirement. The University’s policies and procedures to ensure compliance with the above requirements did not include procedures to properly maintain for the existence of a control or that the control was being performed. Cause The University did not have a process in place to maintain the documentation regarding the existence or performance of the control. Effect The University is not in compliance with the Federal requirements to report disbursement data and maintain documentation of its internal controls over the 15 calendar day reporting compliance requirement. Questioned Costs None Recommendation We recommend that the University strengthen its policies, procedures and controls over Pell reporting in relation to the Student Financial Assistance Cluster. We also recommend that the University ensure that internal controls in place surrounding the 15 calendar day reporting process are performed as designed and documentation is maintained. Views of Responsible Official The University agrees with the finding. The University has had a significant amount of staff turnover and reorganization in fiscal year 2024 in the financial aid office. The Interim Director of Financial Aid is collaborating with the Controller’s office to make sure that the University has internal controls in place over Federal programs to assure that the Pell reporting requirements are executed in compliance with Federal statutes, regulation and terms and conditions of the Federal award. The University is investing in making sure that the Financial Aid Office is staffed and creates policies and procedures that assure that we improve internal controls over the Pell reporting process.
U.S. Department of Education: Student Financial Assistance Cluster – Federal Direct Student Loans (ALN 84.268) Federal Award Number and Year: P268K241813 (7/1/23 – 6/30/24) Statistically Valid Sample: The sample was not intended to be, and was not, a statistically valid sample. Prior Year Finding: Not applicable Finding Type: Significant Deficiency Criteria In determining loan amounts for Direct Subsidized Loans, the financial aid administrator subtracts from the COA, the EFC, and the EFA for the period of enrollment that the student (or parent on behalf of the student) will receive from Federal, state, institutional or other sources. Direct Unsubsidized Loans, Direct PLUS Loans, TEACH Grants, loans made by an institution to assist the student, state-sponsored loans, private education loans, and any other non-need-based loans may be used to replace the EFC (34 CFR 685.102(b)). A financial aid administrator may use professional judgment to offer dependent-level Direct Unsubsidized Loans (but no other Title IV aid) to a dependent student whose parents do not support the student or who refuse to complete a FAFSA (20 USC 1087(a)). The annual loan limits apply to the length of the institution’s academic year. Except for Direct PLUS loans and Direct Unsubsidized Loans made to graduate or professional students, proration of the annual loan limit is required when a program is less than an academic year as measured in either clock hours or credit hours or number of weeks; or when a program exceeds an academic year but the remaining portion of the program is less than an academic year in length. For the purpose of determining annual loan limits for a borrower who received an associate or bachelor’s degree and has re-enrolled in another eligible program for which the prior degree is a prerequisite, the grade level determination includes the number of years that a student has completed in the previously completed program of undergraduate study. In addition to the requirements and limits described below, awards must be coordinated among the various programs and with other Federal and nonfederal aid (need and non-need based aid) to ensure that total aid is not awarded in excess of the student’s financial need or cost of attendance (34 CFR 668.42, FWS, and FSEOG, 34 CFR 673.5 and 673.6; Direct Loan, 34 CFR 685.301). Condition and Context The University has a process in place which exception reports are reviewed by an authorized financial aid counselor to ensure they are completed timely and ensure students are eligible to receive Federal aid disbursements. For the 45 selections we tested, we noted one instance where the University’s process in place failed to identify the total aid awarded was in excess of the student’s financial need or cost of attendance. The aid disbursed in excess of the student’s financial need or cost of attendance was $283. The control did not operate effectively to detect the over award. Cause An incorrect budgetary item was utilized when calculating the student need based aid on the academic year 2024 cost of attendance for this individual student resulting in an award amount larger than needed for Federal unsubsidized direct loans. Effect Total aid in excess of the student’s financial need or cost of attendance was disbursed. Questioned Costs Not applicable as the finding is a significant deficiency. Recommendation We recommend that the University strengthen its controls in place to ensure the review is performed at a precision to detect awarding and disbursing aid in excess of student’s financial need or cost of attendance. Views of Responsible Official The University agrees with the finding. The University has had a significant amount of staff turnover and reorganization in fiscal year 2024 in the financial aid office. The Interim Director of Financial Aid is collaborating with the Controller’s office to make sure that the University has internal controls in place over Federal programs to assure that requirements are executed in compliance with Federal statutes, regulation and terms and conditions of the Federal award. The University is investing in making sure that the Financial Aid Office is staffed and creates policies and procedures that ensure that we improve internal controls over the Eligibility and Cost of Attendance process.