FAC Explorer

Audit 36878

FY End
2022-05-31
Total Expended
$88.05M
Findings
2
Programs
52
Organization: Villanova University (PA)
Year: 2022 Accepted: 2023-02-27
Auditor: Pricewaterhousecoopers LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
38218 2022-001 - - N
614660 2022-001 - - N

Programs

ALN Program Spent Major Findings
84.268 Federal Direct Student Loans $58.58M Yes 1
84.425 Education Stabilization Fund $5.63M Yes 0
84.063 Federal Pell Grant Program $4.06M Yes 0
84.033 Federal Work-Study Program $884,059 Yes 0
47.074 Biological Sciences $741,395 - 0
84.007 Federal Supplemental Educational Opportunity Grants $666,938 Yes 0
47.041 Engineering $532,505 - 0
47.049 Mathematical and Physical Sciences $516,533 - 0
12.300 Basic and Applied Scientific Research $292,779 - 0
12.RD Usace Humphreys Engineering Center $283,470 - 0
93.264 Nurse Faculty Loan Program (nflp) $209,871 Yes 0
12.RD The United States Army Research Laboratory $120,000 - 0
20.205 Highway Planning and Construction $106,428 - 0
21.008 Low Income Taxpayer Clinics $99,328 - 0
93.859 Biomedical Research and Research Training $90,068 - 0
43.RD Universities Space Research Association $86,459 - 0
89.003 National Historical Publications and Records Grants $80,947 - 0
11.609 Measurement and Engineering Research and Standards $79,019 - 0
11.419 Coastal Zone Management Administration Awards $78,725 - 0
11.417 Sea Grant Support $63,897 - 0
12.420 Military Medical Research and Development $63,894 - 0
93.143 Niehs Superfund Hazardous Substances_basic Research and Education $63,106 - 0
93.837 Cardiovascular Diseases Research $60,005 - 0
43.001 Science $56,697 - 0
12.RD Airforce Research Laboratory $55,171 - 0
93.839 Blood Diseases and Resources Research $54,622 - 0
12.RD Defence Advance Research Projects Agency $52,244 - 0
47.070 Computer and Information Science and Engineering $50,697 - 0
93.855 Allergy, Immunology and Transplantation Research $45,922 - 0
45.149 Promotion of the Humanities_division of Preservation and Access $39,629 - 0
93.631 Developmental Disabilities Projects of National Significance $38,906 - 0
93.124 Nurse Anesthetist Traineeships $28,631 - 0
47.079 Office of International Science and Engineering $27,014 - 0
93.361 Nursing Research $24,773 - 0
81.RD Department of Energy $23,169 - 0
93.847 Diabetes, Digestive, and Kidney Diseases Extramural Research $23,022 - 0
47.050 Geosciences $20,738 - 0
47.075 Social, Behavioral, and Economic Sciences $19,930 - 0
93.113 Environmental Health $16,626 - 0
64.RD Department of Veteran Affairs $14,180 - 0
43.RD Space Telescope Science Institute $13,645 - 0
11.999 Marine Debris Program $8,457 - 0
93.273 Alcohol Research Programs $7,686 - 0
93.161 Health Program for Toxic Substances and Disease Registry $7,328 - 0
93.853 Extramural Research Programs in the Neurosciences and Neurological Disorders $6,809 - 0
47.076 Education and Human Resources $5,800 - 0
11.RD Noaa -Western Acquisition Division $4,117 - 0
11.459 Weather and Air Quality Research $2,390 - 0
15.815 National Land Remote Sensing_education Outreach and Research $981 - 0
93.364 Nursing Student Loans $900 Yes 0
84.038 Federal Perkins Loans $750 Yes 0
11.619 Arrangements for Interdisciplinary Research Infrastructure $-1,418 - 0

Contacts

Name Title Type
EYNYSU6L8ZX6 Sarah Caffrey Auditee
6105197679 Robert Fell Auditor
No contacts on file

Notes to SEFA

Title: Student Loan Programs Accounting Policies: Basis of Presentation and Significant Accounting Policies. The accompanying Schedule of Expenditures of Federal Awards (the Schedule) summarizes the expenditures of Villanova University and Subsidiaries (the University) under programs of the federal government for the year ended May 31, 2022. The information presented in the Schedule is presented on the accrual basis of accounting, which is in accordance with the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only the federal award activity of the University, it is not intended to and does not present the financial position, changes in net assets and cash flows of the University. The University applies its predetermined approved facilities and administrative rate when charging indirect costs to federal awards rather than the 10% de minimis cost rate as described in Section 200.414 of the Uniform Guidance.For purposes of the Schedule, federal awards include all grants, contracts and similar agreements entered into directly between the University and agencies and departments of the federal government and all sub-awards to the University by nonfederal organizations pursuant to federal grants, contracts and similar agreements.Negative numbers in the Schedule represent adjustments to amounts reported in prior years in the normal course of business. Federal Assistance Listing numbers and pass-through numbers are provided when available. De Minimis Rate Used: N Rate Explanation: The University applies its predetermined approved facilities and administrative rate when charging indirect costs to federal awards rather than the 10% de minimis cost rate as described in Section 200.414 of the Uniform Guidance. The Federal Perkins Loan Program (Federal Assistance Listing #84.038) is administered directly by the University and balances and transactions relating to this program are included in the Universitys consolidated financial statements. The amount of Federal Perkins loans outstanding at May 31, 2022 totaled $1,265,814. Loans outstanding at the beginning of the year and loans made during the year are included in the federal expenditures presented in the Schedule. Also included is the amount recovered, for the year ended May 31, 2022, for administrative cost allowance from the Perkins Loan Program of $750.The Nursing Student Loan Program (Federal Assistance Listing #93.364) is administered directly by the University and balances and transactions relating to this program are included in the Universitys consolidated financial statements. The amount of Nursing Student loans outstanding at May 31, 2022 totaled $536,631. Loans outstanding at the beginning of the year and loans made during the year are included in the federal expenditures presented in the Schedule. Also included is the amount recovered, for the year ended May 31, 2022, for administrative cost allowance from the Nursing Student Loan of $900.The Nursing Faculty Loan Program (Federal Assistance Listing #93.264) is administered directly by the University and balances and transactions relating to this program are included in the Universitys consolidated financial statements. The amount of Nursing Faculty loans outstanding at May 31, 2022 totaled $2,810,856. Loans outstanding at the beginning of the year and loans made during the year are included in the federal expenditures presented in the Schedule. This program did not have an administrative cost allowance for the year ended May 31, 2022.

Finding Details

Finding 2022-001
Finding 2022-001 Enrollment Reporting Grantor: Department of Education Program: Student Financial Assistance Cluster CFDA: 84.268 Title: Federal Direct Student Loan Program Award Year: 6/1/2021 ? 5/31/2022 Criteria NSLDS Enrollment Reporting Guide 1.4 ? At a minimum, schools are required to certify enrollment for all those who are included on your roster file (and) Title IV aid recipients at least every two months and within 15 days of the date that NSLDS sends a roster file to the school or its third-party service provider. 34 CFR 685.309(b) - Unless it expects to submit its next updated enrollment report to the Secretary within the next 60 days, a school must notify the Secretary within 30 days after the date the school discovers that a loan under Title IV of the Act was made to or on behalf of a student who was enrolled or accepted for enrollment at the school, and the student has ceased to be enrolled on at least a halftime basis or failed to enroll on at least a half-time basis for the period for which the loan was intended. Condition Unless expected to submit its next updated enrollment report to the Secretary within the next 60 days, the University is required to notify National Student Loan Data System (NSLDS) within 30 days of discovering that a student left the University. Of the 25 students selected for testing, three were reported to NSLDS more than 60 days after the student had left the University, ranging between 69 and 98 days with an average of 79 days. Cause The University did not implement reconciliation and review policies and procedures to ensure compliance with the criteria mentioned above. Effect For the three students, the change in status was not reported timely, as defined in the criteria above. Questioned Costs There are no questioned costs associated with this finding. Recommendation We recommend that the University implement a formalized review process with the Clearinghouse and National Student Loan Data System (NSLDS) to ensure timely reporting of student status changes. Management?s Views and Corrective Action Plan Following these findings are management?s views and corrective action plan.
Finding 2022-001
Finding 2022-001 Enrollment Reporting Grantor: Department of Education Program: Student Financial Assistance Cluster CFDA: 84.268 Title: Federal Direct Student Loan Program Award Year: 6/1/2021 ? 5/31/2022 Criteria NSLDS Enrollment Reporting Guide 1.4 ? At a minimum, schools are required to certify enrollment for all those who are included on your roster file (and) Title IV aid recipients at least every two months and within 15 days of the date that NSLDS sends a roster file to the school or its third-party service provider. 34 CFR 685.309(b) - Unless it expects to submit its next updated enrollment report to the Secretary within the next 60 days, a school must notify the Secretary within 30 days after the date the school discovers that a loan under Title IV of the Act was made to or on behalf of a student who was enrolled or accepted for enrollment at the school, and the student has ceased to be enrolled on at least a halftime basis or failed to enroll on at least a half-time basis for the period for which the loan was intended. Condition Unless expected to submit its next updated enrollment report to the Secretary within the next 60 days, the University is required to notify National Student Loan Data System (NSLDS) within 30 days of discovering that a student left the University. Of the 25 students selected for testing, three were reported to NSLDS more than 60 days after the student had left the University, ranging between 69 and 98 days with an average of 79 days. Cause The University did not implement reconciliation and review policies and procedures to ensure compliance with the criteria mentioned above. Effect For the three students, the change in status was not reported timely, as defined in the criteria above. Questioned Costs There are no questioned costs associated with this finding. Recommendation We recommend that the University implement a formalized review process with the Clearinghouse and National Student Loan Data System (NSLDS) to ensure timely reporting of student status changes. Management?s Views and Corrective Action Plan Following these findings are management?s views and corrective action plan.