FAC Explorer

Audit 372937

FY End
2025-06-30
Total Expended
$12.63M
Findings
1
Programs
9
Organization: Austin College (CO)
Year: 2025 Accepted: 2025-12-03
Auditor: CAPINCROUSE LLC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1163400 2025-001 Material Weakness Yes E

Programs

ALN Program Spent Major Findings
84.268 FEDERAL DIRECT STUDENT LOANS $8.52M Yes 0
84.063 FEDERAL PELL GRANT PROGRAM $2.75M Yes 1
84.038 FEDERAL PERKINS LOAN PROGRAM $821,633 Yes 0
84.007 FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS $249,527 Yes 0
84.033 FEDERAL WORK-STUDY PROGRAM $206,086 Yes 0
10.978 FARM LABOR STABILIZATION AND PROTECTION PILOT GRANT PROGRAM $43,230 Yes 0
84.379 TEACHER EDUCATION ASSISTANCE FOR COLLEGE AND HIGHER EDUCATION GRANTS (TEACH GRANTS) $22,632 Yes 0
93.243 SUBSTANCE ABUSE AND MENTAL HEALTH SERVICES PROJECTS OF REGIONAL AND NATIONAL SIGNIFICANCE $10,661 Yes 0
47.079 OFFICE OF INTERNATIONAL SCIENCE AND ENGINEERING $2,050 Yes 0

Contacts

Name Title Type
ZMFHKCP69TT8 Karen Johnson Auditee
9038132000 Junice Jones, CPA Auditor
No contacts on file

Notes to SEFA

See the Notes to the SEFA for chart/table
The College did not provide any federal funds to subrecipients nor did they receive any federal non-cash assistance, insurance, loans, or loan guarantees.
See the Notes to the SEFA for chart/table

Finding Details

Finding 2025-001
Pell Awards Significant Deficiency DEPARTMENT OF EDUCATION ALN #: 84.063 Federal Pell Grants Federal Award Identification #: 2024-2025 Financial Aid Year Condition: The College did not properly award Pell for students enrolled in Summer courses. Criteria: 34 CFR 690.63(b) Questioned Costs: $0 Context: 3 out 40 students tested were not properly awarded Summer Pell awards. The College completed a full file review of Pell eligible students who were enrolled in Summer 2025 courses. During this review, it was discovered that 30 students should have been awarded Pell totaling just under $50,000. These were corrected during the audit. Cause: New Pell calculation regulations for students enrolled in Summer courses were not correctly implemented for the 2024-2025 award year. This was an oversight by management. Effect: Pell was not awarded correctly to students enrolled in Summer courses. Identification as repeat finding, if applicable: Not applicable. Recommendation: We recommend the College update processes to reflect the changes in Pell regulations for students enrolled in Summer courses. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding. See corrective action plan.