FAC Explorer

Audit 373716

FY End
2025-06-30
Total Expended
$20.72M
Findings
1
Programs
11
Organization: Rivier University (NH)
Year: 2025 Accepted: 2025-12-10
Auditor: BDMP ASSURANCE LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1164304 2025-001 Material Weakness Yes I

Programs

ALN Program Spent Major Findings
84.268 FEDERAL DIRECT STUDENT LOANS $14.11M Yes 0
93.493 CONGRESSIONAL DIRECTIVES $2.18M Yes 0
84.063 FEDERAL PELL GRANT PROGRAM $2.13M Yes 0
93.359 NURSE EDUCATION, PRACTICE QUALITY AND RETENTION GRANTS $1.24M Yes 1
93.732 MENTAL AND BEHAVIORAL HEALTH EDUCATION AND TRAINING GRANTS $385,460 Yes 0
93.264 NURSE FACULTY LOAN PROGRAM (NFLP) $288,046 Yes 0
84.038 FEDERAL PERKINS LOAN PROGRAM_FEDERAL CAPITAL CONTRIBUTIONS $144,090 Yes 0
84.007 FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS $91,395 Yes 0
93.389 NATIONAL CENTER FOR RESEARCH RESOURCES $69,093 Yes 0
84.033 FEDERAL WORK-STUDY PROGRAM $63,982 Yes 0
84.379 TEACHER EDUCATION ASSISTANCE FOR COLLEGE AND HIGHER EDUCATION GRANTS (TEACH GRANTS) $6,593 Yes 0

Contacts

Name Title Type
D6XNSNYVF2H1 Steven Perrotta Auditee
6038978215 Mark Laprade Auditor
No contacts on file

Notes to SEFA

The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal grant activity of Rivier University (the University) for the year ended June 30, 2025. The information in this Schedule is presented in accordance with 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). Because the Schedule presents only a portion of the operations of the University, it is not intended to and does not present the financial position, changes in net assets or cash flows of the University.
The following sets forth certain balances and activities in fiscal year 2025 related to the Federal Perkins Loan Program consisted of the following: See the Notes to the SEFA for chart/table.
The compliance audit performed over the University included the audit of the liquidation procedures for the Federal Perkins Loan Program over the University.
During the year ended June 30 2025, the University processed the following new loans under the Federal Direct Student Loan Program. The loans were made directly through the United States Department of Education. See the Notes to the SEFA for chart/table.
The following sets forth activity in fiscal year 2025 related to the Nursing Faculty Loan Program: See the Notes to the SEFA for chart/table

Finding Details

Finding 2025-001
Information on the Federal Program: Federal Agency: United States Department of Health and Human Services Program Name: Nurse Education, Practice, Quality and Retention Assistance Listing Number: 93.359 Federal Award Identification Number: N/A Federal Award Year: Year Ended June 30, 2025 Specific Requirement: Required by 2 CFR, Part 200 for federally funded programs, when an institution enters into a covered transaction with an entity or individual, the institution must verify that the vendor and/or employee is not suspended or debarred or otherwise excluded from participating in federal programs. Generally, a covered transaction is a transaction expected to equal or exceed $25,000 and be funded with federal dollars. This verification may be accomplished by checking the System for Award Management (SAM), or by adding a clause or condition to the covered transaction. Condition Found: During our audit, we noted that management did not review the SAM for employees meeting the covered transaction threshold. Context: We noted there were three employees exceeding $25,000 funded by the program. Based on our testing, none of the employees exceeding the $25,000 limit were included in the SAM and received payments funded by the University’s major programs. Questioned Costs: None. Cause and Effect: The University was aware of the requirement to verify vendors and employees and they have a process established as part of their year-end close, but the review was not completed. Since this process was not performed, there is a greater risk of vendors and employees that are included on the SAM being disbursed funds through federal funds. Identification as a Repeat Finding, if Applicable: N/A Recommendation: We recommend that the University follow established procedures for comparing vendors and employees against the SAM and maintain documentation that the comparison has been performed. Views of a Responsible Official and Corrective Action Plan: Management agrees with the finding and the recommendation. See Corrective Action Plan on page 44.