FAC Explorer

Audit 377570

FY End
2025-06-30
Total Expended
$1.34M
Findings
3
Programs
3
Organization: Academy of Interactive Entertainment (WA)
Year: 2025 Accepted: 2025-12-23
Auditor: WEWORSKI & ASSOCIATES

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1166580 2025-001 Material Weakness Yes B
1166581 2025-001 Material Weakness Yes B
1166582 2025-001 Material Weakness Yes B

Programs

ALN Program Spent Major Findings
84.268 FEDERAL DIRECT STUDENT LOANS $859,198 Yes 1
84.063 FEDERAL PELL GRANT PROGRAM $463,359 Yes 1
84.007 FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS $15,919 Yes 1

Contacts

Name Title Type
ESKZMHHYCCR9 Daniel K Franks Auditee
2063798635 Brett Ingle Auditor
No contacts on file

Notes to SEFA

The accompanying schedule of expenditures of federal awards (SEFA) includes the federal award activity of the Organization under programs of the federal government for the year ended June 30, 2025. The information in this SEFA is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). The SEFA presents only a selected portion of the operations of the Organization, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Organization.
Expenditures reported on the SEFA 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.
The Organization has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.

Finding Details

Finding 2025-001
FINDING 2025-001 Federal Agency: US Department of Education Federal Program Title: Student Financial Assistance Cluster Assistance Listing Number: 84.007; 84.063; 84.268 Finding Type: Material Weakness in Internal Control over Compliance; Material Noncompliance Criteria: Institutions must calculate Return of Title IV Funds (R2T4) refunds in accordance with federal regulations. These regulations state that when a student withdraws from an institution during a payment period or period of enrollment in which the recipient began attendance, the institution must determine the amount of Title IV funds that the student earned as of the student's withdrawal date. The amount earned is based on a pro-rata calculation using the number of days/hours attended and the number of days/hours in the payment period or period of enrollment (34 C.F.R. § 668.22). Condition: R2T4 refund calculations were not properly computed when several students withdrew from the Institution. Cause: In these cases, it appears that the Institution's R2T4 refund calculation procedures were not properly followed. Effect or Potential Effect: The Institution incorrectly computed R2T4 refund calculations for four of the 15 withdrawal student files tested for R2T4 compliance (statistical sample). In these cases, the Institution used an incorrect last date of attendance in the R2T4 refund calculation. The incorrectly computed R2T4 refund calculations were as follows: Amount Correct Under Student Ty2e Program Returned Amount Amount A32 Refund Pell $2,692 $2,870 $ 178 A33 Refund FDLP $ 146 $ 304 $ 158 A36 Refund FDLP $ 0 $ 1,110 $ 1,110 A39 Refund FDLP $ 0 $3,119 $3,119 Pell $ 0 $ 221 $ 221 The overall error rate for this finding is 26. 7% ( 4/15). Questioned Costs - The questioned costs associated with this finding were as follows: Universe: Sample Tested: Questioned Costs: Projected Error Rate: 27.8% Students 18 15 4 Projected Total Questioned Costs: $5,983 Projected Total Students: 5 Repeat Finding: Not a repeat finding. Pell $463,359 $ 10,869 $ 399 FDLP $859,198 $ 31,628 $ 4,387 FSEOG $15,919 $ 223 $ 0 Recommendations: The Institution should return the unearned funds for the students noted above. In addition, the Institution should take steps to ensure that its R2T4 refund calculation procedures are strictly followed. Views of Responsible Officials: The Institution concurs with this finding and has procedures in place as outlined in the Corrective Action Plan to ensure compliance with requirements.