FAC Explorer

Audit 366195

FY End
2024-06-30
Total Expended
$8.15M
Findings
20
Programs
5
Organization: Greensboro College, Inc. and Affiliates (NC)
Year: 2024 Accepted: 2025-09-12
Auditor: Forvis Mazars LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
576323 2024-001 Significant Deficiency - N
576324 2024-001 Significant Deficiency - N
576325 2024-001 Significant Deficiency - N
576326 2024-001 Significant Deficiency - N
576327 2024-001 Significant Deficiency - N
576328 2024-002 - - N
576329 2024-002 - - N
576330 2024-002 - - N
576331 2024-002 - - N
576332 2024-002 - - N
1152765 2024-001 Significant Deficiency - N
1152766 2024-001 Significant Deficiency - N
1152767 2024-001 Significant Deficiency - N
1152768 2024-001 Significant Deficiency - N
1152769 2024-001 Significant Deficiency - N
1152770 2024-002 - - N
1152771 2024-002 - - N
1152772 2024-002 - - N
1152773 2024-002 - - N
1152774 2024-002 - - N

Programs

ALN Program Spent Major Findings
84.268 Federal Direct Student Loans $5.18M Yes 2
84.063 Federal Pell Grant Program $2.19M Yes 2
84.038 Federal Perkins Loan Program $588,153 Yes 2
84.033 Federal Work-Study Program $94,578 Yes 2
84.007 Federal Supplemental Educational Opportunity Grants $93,248 Yes 2

Contacts

Name Title Type
KJFNME746NK6 Sheila Barber Auditee
3362725320 Bobby Gauthier Auditor
No contacts on file

Notes to SEFA

Title: Note 3. Federal Perkins Loan Program (Federal Assistance Listing Number 84.038) 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. Negative amounts shown on the schedule represent adjustments or credits made in the normal course of business to amounts reported to expenditures in prior years. De Minimis Rate Used: N Rate Explanation: The College has elected not to use the 10-percent de minims indirect cost rate allowed under the Uniform Guidance. The Federal Perkins Loan Program is administered directly by the College, and balances and transactions relating to the program are included in the loan fund of the College’s consolidated financial statements. The balance of loans outstanding under the Federal Perkins Loan Program was $472,031 as of June 30, 2024.
Title: Note 4. Indirect Cost Rate 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. Negative amounts shown on the schedule represent adjustments or credits made in the normal course of business to amounts reported to expenditures in prior years. De Minimis Rate Used: N Rate Explanation: The College has elected not to use the 10-percent de minims indirect cost rate allowed under the Uniform Guidance. The College has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance
Title: Note 5. Subrecipients 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. Negative amounts shown on the schedule represent adjustments or credits made in the normal course of business to amounts reported to expenditures in prior years. De Minimis Rate Used: N Rate Explanation: The College has elected not to use the 10-percent de minims indirect cost rate allowed under the Uniform Guidance. Of the federal expenditures presented in the Schedule, the College provided no federal awards to subrecipients.

Finding Details

Finding 2024-001
Criteria or Specific Requirement – Special Tests Gramm-Leach-Bliley Act (GLBA): Per 16 CFR Part 314, the institution is required to develop, implement, and maintain a comprehensive information security program that, at a minimum, addresses all seven required elements included in 16 CFR 314.3(a) and 16 CFR 314.6. Condition – The College did not have a comprehensive information security program that covered all criteria required by the Gramm-Leach-Bliley Act during the fiscal year ended June 30, 2024. Questioned Costs - None noted. Context – We reviewed the College’s comprehensive information security program noting that it addressed all required elements, however, this program was not implemented during the fiscal year ended June 30, 2024. Effect - The College was not in compliance with the GLBA requirements of the grant agreement program. Cause – The College was in the process of preparing a comprehensive information security program, but it was not completed and implemented until after the fiscal year ended June 30, 2024. Identification as a Repeat Finding - Not a repeat finding Recommendation – We recommend that management establish procedures to ensure new requirements are identified and completed timely and accurately. View of Responsible Official – There is no disagreement with the audit finding.
Finding 2024-001
Criteria or Specific Requirement – Special Tests Gramm-Leach-Bliley Act (GLBA): Per 16 CFR Part 314, the institution is required to develop, implement, and maintain a comprehensive information security program that, at a minimum, addresses all seven required elements included in 16 CFR 314.3(a) and 16 CFR 314.6. Condition – The College did not have a comprehensive information security program that covered all criteria required by the Gramm-Leach-Bliley Act during the fiscal year ended June 30, 2024. Questioned Costs - None noted. Context – We reviewed the College’s comprehensive information security program noting that it addressed all required elements, however, this program was not implemented during the fiscal year ended June 30, 2024. Effect - The College was not in compliance with the GLBA requirements of the grant agreement program. Cause – The College was in the process of preparing a comprehensive information security program, but it was not completed and implemented until after the fiscal year ended June 30, 2024. Identification as a Repeat Finding - Not a repeat finding Recommendation – We recommend that management establish procedures to ensure new requirements are identified and completed timely and accurately. View of Responsible Official – There is no disagreement with the audit finding.
Finding 2024-001
Criteria or Specific Requirement – Special Tests Gramm-Leach-Bliley Act (GLBA): Per 16 CFR Part 314, the institution is required to develop, implement, and maintain a comprehensive information security program that, at a minimum, addresses all seven required elements included in 16 CFR 314.3(a) and 16 CFR 314.6. Condition – The College did not have a comprehensive information security program that covered all criteria required by the Gramm-Leach-Bliley Act during the fiscal year ended June 30, 2024. Questioned Costs - None noted. Context – We reviewed the College’s comprehensive information security program noting that it addressed all required elements, however, this program was not implemented during the fiscal year ended June 30, 2024. Effect - The College was not in compliance with the GLBA requirements of the grant agreement program. Cause – The College was in the process of preparing a comprehensive information security program, but it was not completed and implemented until after the fiscal year ended June 30, 2024. Identification as a Repeat Finding - Not a repeat finding Recommendation – We recommend that management establish procedures to ensure new requirements are identified and completed timely and accurately. View of Responsible Official – There is no disagreement with the audit finding.
Finding 2024-001
Criteria or Specific Requirement – Special Tests Gramm-Leach-Bliley Act (GLBA): Per 16 CFR Part 314, the institution is required to develop, implement, and maintain a comprehensive information security program that, at a minimum, addresses all seven required elements included in 16 CFR 314.3(a) and 16 CFR 314.6. Condition – The College did not have a comprehensive information security program that covered all criteria required by the Gramm-Leach-Bliley Act during the fiscal year ended June 30, 2024. Questioned Costs - None noted. Context – We reviewed the College’s comprehensive information security program noting that it addressed all required elements, however, this program was not implemented during the fiscal year ended June 30, 2024. Effect - The College was not in compliance with the GLBA requirements of the grant agreement program. Cause – The College was in the process of preparing a comprehensive information security program, but it was not completed and implemented until after the fiscal year ended June 30, 2024. Identification as a Repeat Finding - Not a repeat finding Recommendation – We recommend that management establish procedures to ensure new requirements are identified and completed timely and accurately. View of Responsible Official – There is no disagreement with the audit finding.
Finding 2024-001
Criteria or Specific Requirement – Special Tests Gramm-Leach-Bliley Act (GLBA): Per 16 CFR Part 314, the institution is required to develop, implement, and maintain a comprehensive information security program that, at a minimum, addresses all seven required elements included in 16 CFR 314.3(a) and 16 CFR 314.6. Condition – The College did not have a comprehensive information security program that covered all criteria required by the Gramm-Leach-Bliley Act during the fiscal year ended June 30, 2024. Questioned Costs - None noted. Context – We reviewed the College’s comprehensive information security program noting that it addressed all required elements, however, this program was not implemented during the fiscal year ended June 30, 2024. Effect - The College was not in compliance with the GLBA requirements of the grant agreement program. Cause – The College was in the process of preparing a comprehensive information security program, but it was not completed and implemented until after the fiscal year ended June 30, 2024. Identification as a Repeat Finding - Not a repeat finding Recommendation – We recommend that management establish procedures to ensure new requirements are identified and completed timely and accurately. View of Responsible Official – There is no disagreement with the audit finding.
Finding 2024-002
Criteria or Specific Requirement – NSLDS Reporting: The Code of Federal Regulations, 34 CFR 685.309(b), states that Colleges must have some arrangement to report student enrollment data to the National Student Loan Data System (NSLDS) through an enrollment roster file. The College is required to report changes in the student’s enrollment status, the effective date of the status, and an anticipated completion date. Condition – Incorrect enrollment status was reported to NSLDS. Questioned Costs - None noted. Context – The enrollment status was incorrectly reported for 2 out of 25 students. Effect – NSLDS did not contain the most up-to-date enrollment status. Cause – The College uses the National Student Clearinghouse (NSC) to transmit data over to the National Student Loan Data System (NSLDS). During the course of the year it was determined that some information did not properly interface. Identification as a Repeat Finding - Not a repeat finding Recommendation – The College should evaluate their policies and procedures related to reporting status changes to NSLDS and enhance as necessary to ensure that accurate information is reported to NSLDS. View of Responsible Official – There is no disagreement with the audit finding.
Finding 2024-002
Criteria or Specific Requirement – NSLDS Reporting: The Code of Federal Regulations, 34 CFR 685.309(b), states that Colleges must have some arrangement to report student enrollment data to the National Student Loan Data System (NSLDS) through an enrollment roster file. The College is required to report changes in the student’s enrollment status, the effective date of the status, and an anticipated completion date. Condition – Incorrect enrollment status was reported to NSLDS. Questioned Costs - None noted. Context – The enrollment status was incorrectly reported for 2 out of 25 students. Effect – NSLDS did not contain the most up-to-date enrollment status. Cause – The College uses the National Student Clearinghouse (NSC) to transmit data over to the National Student Loan Data System (NSLDS). During the course of the year it was determined that some information did not properly interface. Identification as a Repeat Finding - Not a repeat finding Recommendation – The College should evaluate their policies and procedures related to reporting status changes to NSLDS and enhance as necessary to ensure that accurate information is reported to NSLDS. View of Responsible Official – There is no disagreement with the audit finding.
Finding 2024-002
Criteria or Specific Requirement – NSLDS Reporting: The Code of Federal Regulations, 34 CFR 685.309(b), states that Colleges must have some arrangement to report student enrollment data to the National Student Loan Data System (NSLDS) through an enrollment roster file. The College is required to report changes in the student’s enrollment status, the effective date of the status, and an anticipated completion date. Condition – Incorrect enrollment status was reported to NSLDS. Questioned Costs - None noted. Context – The enrollment status was incorrectly reported for 2 out of 25 students. Effect – NSLDS did not contain the most up-to-date enrollment status. Cause – The College uses the National Student Clearinghouse (NSC) to transmit data over to the National Student Loan Data System (NSLDS). During the course of the year it was determined that some information did not properly interface. Identification as a Repeat Finding - Not a repeat finding Recommendation – The College should evaluate their policies and procedures related to reporting status changes to NSLDS and enhance as necessary to ensure that accurate information is reported to NSLDS. View of Responsible Official – There is no disagreement with the audit finding.
Finding 2024-002
Criteria or Specific Requirement – NSLDS Reporting: The Code of Federal Regulations, 34 CFR 685.309(b), states that Colleges must have some arrangement to report student enrollment data to the National Student Loan Data System (NSLDS) through an enrollment roster file. The College is required to report changes in the student’s enrollment status, the effective date of the status, and an anticipated completion date. Condition – Incorrect enrollment status was reported to NSLDS. Questioned Costs - None noted. Context – The enrollment status was incorrectly reported for 2 out of 25 students. Effect – NSLDS did not contain the most up-to-date enrollment status. Cause – The College uses the National Student Clearinghouse (NSC) to transmit data over to the National Student Loan Data System (NSLDS). During the course of the year it was determined that some information did not properly interface. Identification as a Repeat Finding - Not a repeat finding Recommendation – The College should evaluate their policies and procedures related to reporting status changes to NSLDS and enhance as necessary to ensure that accurate information is reported to NSLDS. View of Responsible Official – There is no disagreement with the audit finding.
Finding 2024-002
Criteria or Specific Requirement – NSLDS Reporting: The Code of Federal Regulations, 34 CFR 685.309(b), states that Colleges must have some arrangement to report student enrollment data to the National Student Loan Data System (NSLDS) through an enrollment roster file. The College is required to report changes in the student’s enrollment status, the effective date of the status, and an anticipated completion date. Condition – Incorrect enrollment status was reported to NSLDS. Questioned Costs - None noted. Context – The enrollment status was incorrectly reported for 2 out of 25 students. Effect – NSLDS did not contain the most up-to-date enrollment status. Cause – The College uses the National Student Clearinghouse (NSC) to transmit data over to the National Student Loan Data System (NSLDS). During the course of the year it was determined that some information did not properly interface. Identification as a Repeat Finding - Not a repeat finding Recommendation – The College should evaluate their policies and procedures related to reporting status changes to NSLDS and enhance as necessary to ensure that accurate information is reported to NSLDS. View of Responsible Official – There is no disagreement with the audit finding.
Finding 2024-001
Criteria or Specific Requirement – Special Tests Gramm-Leach-Bliley Act (GLBA): Per 16 CFR Part 314, the institution is required to develop, implement, and maintain a comprehensive information security program that, at a minimum, addresses all seven required elements included in 16 CFR 314.3(a) and 16 CFR 314.6. Condition – The College did not have a comprehensive information security program that covered all criteria required by the Gramm-Leach-Bliley Act during the fiscal year ended June 30, 2024. Questioned Costs - None noted. Context – We reviewed the College’s comprehensive information security program noting that it addressed all required elements, however, this program was not implemented during the fiscal year ended June 30, 2024. Effect - The College was not in compliance with the GLBA requirements of the grant agreement program. Cause – The College was in the process of preparing a comprehensive information security program, but it was not completed and implemented until after the fiscal year ended June 30, 2024. Identification as a Repeat Finding - Not a repeat finding Recommendation – We recommend that management establish procedures to ensure new requirements are identified and completed timely and accurately. View of Responsible Official – There is no disagreement with the audit finding.
Finding 2024-001
Criteria or Specific Requirement – Special Tests Gramm-Leach-Bliley Act (GLBA): Per 16 CFR Part 314, the institution is required to develop, implement, and maintain a comprehensive information security program that, at a minimum, addresses all seven required elements included in 16 CFR 314.3(a) and 16 CFR 314.6. Condition – The College did not have a comprehensive information security program that covered all criteria required by the Gramm-Leach-Bliley Act during the fiscal year ended June 30, 2024. Questioned Costs - None noted. Context – We reviewed the College’s comprehensive information security program noting that it addressed all required elements, however, this program was not implemented during the fiscal year ended June 30, 2024. Effect - The College was not in compliance with the GLBA requirements of the grant agreement program. Cause – The College was in the process of preparing a comprehensive information security program, but it was not completed and implemented until after the fiscal year ended June 30, 2024. Identification as a Repeat Finding - Not a repeat finding Recommendation – We recommend that management establish procedures to ensure new requirements are identified and completed timely and accurately. View of Responsible Official – There is no disagreement with the audit finding.
Finding 2024-001
Criteria or Specific Requirement – Special Tests Gramm-Leach-Bliley Act (GLBA): Per 16 CFR Part 314, the institution is required to develop, implement, and maintain a comprehensive information security program that, at a minimum, addresses all seven required elements included in 16 CFR 314.3(a) and 16 CFR 314.6. Condition – The College did not have a comprehensive information security program that covered all criteria required by the Gramm-Leach-Bliley Act during the fiscal year ended June 30, 2024. Questioned Costs - None noted. Context – We reviewed the College’s comprehensive information security program noting that it addressed all required elements, however, this program was not implemented during the fiscal year ended June 30, 2024. Effect - The College was not in compliance with the GLBA requirements of the grant agreement program. Cause – The College was in the process of preparing a comprehensive information security program, but it was not completed and implemented until after the fiscal year ended June 30, 2024. Identification as a Repeat Finding - Not a repeat finding Recommendation – We recommend that management establish procedures to ensure new requirements are identified and completed timely and accurately. View of Responsible Official – There is no disagreement with the audit finding.
Finding 2024-001
Criteria or Specific Requirement – Special Tests Gramm-Leach-Bliley Act (GLBA): Per 16 CFR Part 314, the institution is required to develop, implement, and maintain a comprehensive information security program that, at a minimum, addresses all seven required elements included in 16 CFR 314.3(a) and 16 CFR 314.6. Condition – The College did not have a comprehensive information security program that covered all criteria required by the Gramm-Leach-Bliley Act during the fiscal year ended June 30, 2024. Questioned Costs - None noted. Context – We reviewed the College’s comprehensive information security program noting that it addressed all required elements, however, this program was not implemented during the fiscal year ended June 30, 2024. Effect - The College was not in compliance with the GLBA requirements of the grant agreement program. Cause – The College was in the process of preparing a comprehensive information security program, but it was not completed and implemented until after the fiscal year ended June 30, 2024. Identification as a Repeat Finding - Not a repeat finding Recommendation – We recommend that management establish procedures to ensure new requirements are identified and completed timely and accurately. View of Responsible Official – There is no disagreement with the audit finding.
Finding 2024-001
Criteria or Specific Requirement – Special Tests Gramm-Leach-Bliley Act (GLBA): Per 16 CFR Part 314, the institution is required to develop, implement, and maintain a comprehensive information security program that, at a minimum, addresses all seven required elements included in 16 CFR 314.3(a) and 16 CFR 314.6. Condition – The College did not have a comprehensive information security program that covered all criteria required by the Gramm-Leach-Bliley Act during the fiscal year ended June 30, 2024. Questioned Costs - None noted. Context – We reviewed the College’s comprehensive information security program noting that it addressed all required elements, however, this program was not implemented during the fiscal year ended June 30, 2024. Effect - The College was not in compliance with the GLBA requirements of the grant agreement program. Cause – The College was in the process of preparing a comprehensive information security program, but it was not completed and implemented until after the fiscal year ended June 30, 2024. Identification as a Repeat Finding - Not a repeat finding Recommendation – We recommend that management establish procedures to ensure new requirements are identified and completed timely and accurately. View of Responsible Official – There is no disagreement with the audit finding.
Finding 2024-002
Criteria or Specific Requirement – NSLDS Reporting: The Code of Federal Regulations, 34 CFR 685.309(b), states that Colleges must have some arrangement to report student enrollment data to the National Student Loan Data System (NSLDS) through an enrollment roster file. The College is required to report changes in the student’s enrollment status, the effective date of the status, and an anticipated completion date. Condition – Incorrect enrollment status was reported to NSLDS. Questioned Costs - None noted. Context – The enrollment status was incorrectly reported for 2 out of 25 students. Effect – NSLDS did not contain the most up-to-date enrollment status. Cause – The College uses the National Student Clearinghouse (NSC) to transmit data over to the National Student Loan Data System (NSLDS). During the course of the year it was determined that some information did not properly interface. Identification as a Repeat Finding - Not a repeat finding Recommendation – The College should evaluate their policies and procedures related to reporting status changes to NSLDS and enhance as necessary to ensure that accurate information is reported to NSLDS. View of Responsible Official – There is no disagreement with the audit finding.
Finding 2024-002
Criteria or Specific Requirement – NSLDS Reporting: The Code of Federal Regulations, 34 CFR 685.309(b), states that Colleges must have some arrangement to report student enrollment data to the National Student Loan Data System (NSLDS) through an enrollment roster file. The College is required to report changes in the student’s enrollment status, the effective date of the status, and an anticipated completion date. Condition – Incorrect enrollment status was reported to NSLDS. Questioned Costs - None noted. Context – The enrollment status was incorrectly reported for 2 out of 25 students. Effect – NSLDS did not contain the most up-to-date enrollment status. Cause – The College uses the National Student Clearinghouse (NSC) to transmit data over to the National Student Loan Data System (NSLDS). During the course of the year it was determined that some information did not properly interface. Identification as a Repeat Finding - Not a repeat finding Recommendation – The College should evaluate their policies and procedures related to reporting status changes to NSLDS and enhance as necessary to ensure that accurate information is reported to NSLDS. View of Responsible Official – There is no disagreement with the audit finding.
Finding 2024-002
Criteria or Specific Requirement – NSLDS Reporting: The Code of Federal Regulations, 34 CFR 685.309(b), states that Colleges must have some arrangement to report student enrollment data to the National Student Loan Data System (NSLDS) through an enrollment roster file. The College is required to report changes in the student’s enrollment status, the effective date of the status, and an anticipated completion date. Condition – Incorrect enrollment status was reported to NSLDS. Questioned Costs - None noted. Context – The enrollment status was incorrectly reported for 2 out of 25 students. Effect – NSLDS did not contain the most up-to-date enrollment status. Cause – The College uses the National Student Clearinghouse (NSC) to transmit data over to the National Student Loan Data System (NSLDS). During the course of the year it was determined that some information did not properly interface. Identification as a Repeat Finding - Not a repeat finding Recommendation – The College should evaluate their policies and procedures related to reporting status changes to NSLDS and enhance as necessary to ensure that accurate information is reported to NSLDS. View of Responsible Official – There is no disagreement with the audit finding.
Finding 2024-002
Criteria or Specific Requirement – NSLDS Reporting: The Code of Federal Regulations, 34 CFR 685.309(b), states that Colleges must have some arrangement to report student enrollment data to the National Student Loan Data System (NSLDS) through an enrollment roster file. The College is required to report changes in the student’s enrollment status, the effective date of the status, and an anticipated completion date. Condition – Incorrect enrollment status was reported to NSLDS. Questioned Costs - None noted. Context – The enrollment status was incorrectly reported for 2 out of 25 students. Effect – NSLDS did not contain the most up-to-date enrollment status. Cause – The College uses the National Student Clearinghouse (NSC) to transmit data over to the National Student Loan Data System (NSLDS). During the course of the year it was determined that some information did not properly interface. Identification as a Repeat Finding - Not a repeat finding Recommendation – The College should evaluate their policies and procedures related to reporting status changes to NSLDS and enhance as necessary to ensure that accurate information is reported to NSLDS. View of Responsible Official – There is no disagreement with the audit finding.
Finding 2024-002
Criteria or Specific Requirement – NSLDS Reporting: The Code of Federal Regulations, 34 CFR 685.309(b), states that Colleges must have some arrangement to report student enrollment data to the National Student Loan Data System (NSLDS) through an enrollment roster file. The College is required to report changes in the student’s enrollment status, the effective date of the status, and an anticipated completion date. Condition – Incorrect enrollment status was reported to NSLDS. Questioned Costs - None noted. Context – The enrollment status was incorrectly reported for 2 out of 25 students. Effect – NSLDS did not contain the most up-to-date enrollment status. Cause – The College uses the National Student Clearinghouse (NSC) to transmit data over to the National Student Loan Data System (NSLDS). During the course of the year it was determined that some information did not properly interface. Identification as a Repeat Finding - Not a repeat finding Recommendation – The College should evaluate their policies and procedures related to reporting status changes to NSLDS and enhance as necessary to ensure that accurate information is reported to NSLDS. View of Responsible Official – There is no disagreement with the audit finding.