FAC Explorer

Audit 377694

FY End
2025-08-31
Total Expended
$7.35M
Findings
4
Programs
6
Organization: Cisco College District (TX)
Year: 2025 Accepted: 2025-12-27
Auditor: CONDLEY & COMPANY LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1166671 2025-001 Material Weakness Yes N
1166672 2025-001 Material Weakness Yes N
1166673 2025-001 Material Weakness Yes N
1166674 2025-001 Material Weakness Yes N

Programs

ALN Program Spent Major Findings
84.063 FEDERAL PELL GRANT PROGRAM $5.71M Yes 1
84.268 FEDERAL DIRECT STUDENT LOANS $1.10M Yes 1
43.001 SCIENCE $310,281 Yes 0
84.048 CAREER AND TECHNICAL EDUCATION -- BASIC GRANTS TO STATES $136,068 Yes 0
84.033 FEDERAL WORK-STUDY PROGRAM $60,191 Yes 1
84.007 FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS $38,778 Yes 1

Contacts

Name Title Type
M4AQNTLV3SM5 Audra Taylor Auditee
2544425117 Jeff Graham Auditor
No contacts on file

Notes to SEFA

See the Notes to the SEFA for chart.
The expenditures included in the schedule are reported for the District's fiscal year. Expenditure reports to funding agencies are prepared on the award period basis. The expenditures reported above represent funds which have been expended by the District for the purposes of the award. The expenditures reported may not have been reimbursed by the funding agencies as of the end of the fiscal year. Some amounts reported in the schedule may differ from amounts used in the preparation of the general purpose financial statements. Separate accounts are maintained for the different awards to aid in the observance of limitations and restrictions imposed by the funding agencies. The District has followed all applicable guidelines issued by various entities in the preparation of the schedule. Since the District has a Department of Health and Human Services approved Indirect Recovery Rate it has elected not to use the 10% de minimis cost rate as permitted in the UG, section 200.414.
See the Notes to the SEFA for chart.
All pass through amounts are identified in the schedule.

Finding Details

Finding 2025-001
Criteria: Per 34 CFR 685.301 (Federal Direct Loan Program), 34 CFR 690.83 (Federal Pell Grant Program), and the Federal Student Aid Handbook, institutions are required to report disbursement information to the COD system accurately and within the timeframes specified by the U.S. Department of Education. Timely and accurate reporting is necessary to ensure compliance with federal regulations and proper administration of Title IV funds. Condition: During our testing of the Student Financial Aid Cluster, we noted that the institution did not consistently submit student disbursement records to the COD system in a timely and accurate manner for both the Federal Direct Loan and Federal Pell Grant programs. Specifically, 6 out of 40 disbursement records tested were either submitted after the required deadline or contained errors that were not corrected promptly. Population and Sample Size: Number Dollars Questioned Cost Population 1320 $ N/A $ N/A Sample 40 N/A N/A Not in compliance 6 N/A N/A Effect: As a result, the institution is not in compliance with federal requirements for reporting to the COD system for both the Federal Direct Loan and Federal Pell Grant programs. This could result in delayed or improper disbursement of Title IV funds, potential loss of funding, or other administrative sanctions. Cause: The District updated the financial aid records in the internal student system but did not update the dates in COD in a timely manner. Recommendation: We recommend that the District strengthen reconciliation procedures to ensure that all loan changes entered in the internal system are promptly updated in COD and periodically verify that key data elements match.