FAC Explorer

Audit 384161

FY End
2025-06-30
Total Expended
$11.59M
Findings
4
Programs
15
Organization: Junior College District of East Central Missouri (MO)
Year: 2025 Accepted: 2026-01-29
Auditor: KPM CPAS PC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1170866 2025-001 Material Weakness Yes N
1170867 2025-001 Material Weakness Yes N
1170868 2025-001 Material Weakness Yes N
1170869 2025-001 Material Weakness Yes N

Programs

ALN Program Spent Major Findings
84.063 FEDERAL PELL GRANT PROGRAM $5.08M Yes 1
84.268 FEDERAL DIRECT STUDENT LOANS $1.79M Yes 1
17.261 WORKFORCE DATA QUALITY INITIATIVE (WDQI) $1.49M Yes 0
21.027 CORONAVIRUS STATE AND LOCAL FISCAL RECOVERY FUNDS $866,453 Yes 0
84.116 FUND FOR THE IMPROVEMENT OF POSTSECONDARY EDUCATION $717,485 Yes 0
84.031 HIGHER EDUCATION INSTITUTIONAL AID $433,979 Yes 0
84.002 ADULT EDUCATION - BASIC GRANTS TO STATES $265,682 Yes 0
84.048 CAREER AND TECHNICAL EDUCATION -- BASIC GRANTS TO STATES $230,379 Yes 0
17.285 REGISTERED APPRENTICESHIP $195,266 Yes 0
84.007 FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS $122,468 Yes 1
10.771 RURAL COOPERATIVE DEVELOPMENT GRANTS $106,066 Yes 0
84.033 FEDERAL WORK-STUDY PROGRAM $82,944 Yes 1
10.561 STATE ADMINISTRATIVE MATCHING GRANTS FOR THE SUPPLEMENTAL NUTRITION ASSISTANCE PROGRAM $45,957 Yes 0
93.558 TEMPORARY ASSISTANCE FOR NEEDY FAMILIES $13,009 Yes 0
17.278 WIOA DISLOCATED WORKER FORMULA GRANTS $8,333 Yes 0

Contacts

Name Title Type
E298E1YAP3N3 Chris Hoelzer Auditee
6365846501 Matt Wallace Auditor
No contacts on file

Notes to SEFA

The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal grant activity of the Junior College District of East Central, Missouri under programs of the federal government for the year ended June 30, 2025. The information in this Schedule is presented in accordance with the requirements of the Uniform Guidance. Because the Schedule presents only a selected portion of the operations of the Junior College District of East Central, Missouri, it is not intended to and does not present the financial position, changes in net position, or cash flows of the Junior College District of East Central, Missouri.
The College participates in the Federal Direct Student Loan Program, which provides federal loans directly to the students rather than through private lending institutions. The College is responsible only for the origination of the loan (e.g., determining student eligibility and disbursing loan proceeds to the borrower). The Direct Loan Servicer is then responsible for the overall servicing and collection of the loan. Accordingly, these loans are not included in the College’s financial statements. The amount reported on the Schedule of Expenditures of Federal Awards for the loan program represents the total value of the loans awarded and paid to the College’s students during the year ended June 30, 2025.

Finding Details

Finding 2025-001
2025-001 Special Test and Provisions – Return of Title IV Funds U.S. Department of Education Student Financial Assistance Cluster Assistance Listing Numbers: 84.007, 84.033, 84.063 & 84.268 Award Year: 2024-2025 Significant Deficiency and Compliance Criteria: Under 34 CFR §668.22, the College is required to return Title IV funds in accordance with federal regulations governing the Return of Title IV (R2T4) calculation. This calculation determines the amount of unearned aid by subtracting the assistance earned by the student from the total aid disbursed. The percentage of earned and unearned funds is based on the student’s attendance within the College’s defined payment period. Condition: In a sample of 25 R2T4 calculations, it was determined that College entered the academic calendar dates incorrectly in the calculation, which resulted in two calculation errors. Cause: The College had a change to the academic calendar that did not get updated in the financial aid software. Effect: All students with a Spring R2T4 that did not complete 60% or more of the semester potentially have an incorrect R2T4 calculation of, up to, a five day difference. Questioned Costs: All questioned costs are below the known and likely questioned costs reporting threshold. Recommendation: We recommend the College implement procedures to strictly comply with the requirements of 34 CFR §668.22 as it relates to calculations of return of Title IV funds. Response: The College conducted a comprehensive review of all student accounts potentially impacted by the incorrect academic calendar dates and identified 52 students whose Return of Title IV (R2T4) calculations required review. As a result of this review, the Financial Aid Office determined that 41 students required a return of Title IV funds to the U.S. Department of Education. The total amount of funding returned was $12,590. The Financial Aid Office corrected the R2T4 calculations, updated the academic calendar dates in the financial aid system, and processed the required returns of Title IV funds. To prevent recurrence, the College has implemented internal procedures to ensure academic calendar dates are reviewed and verified in the financial aid system before performing R2T4 calculations for each award year.