FAC Explorer

Audit 385307

FY End
2025-06-30
Total Expended
$42.87M
Findings
1
Programs
8
Organization: Bethany College (WV)
Year: 2025 Accepted: 2026-02-03
Auditor: BRADY WARE & SCHOENFELD

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1172163 2025-001 Material Weakness Yes N

Programs

ALN Program Spent Major Findings
10.766 COMMUNITY FACILITIES LOANS AND GRANTS $34.16M Yes 0
84.268 FEDERAL DIRECT STUDENT LOANS $4.36M Yes 1
84.063 FEDERAL PELL GRANT PROGRAM $2.04M Yes 0
84.031 HIGHER EDUCATION INSTITUTIONAL AID $622,709 Yes 0
84.007 FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS $504,661 Yes 0
84.116 FUND FOR THE IMPROVEMENT OF POSTSECONDARY EDUCATION $488,793 Yes 0
84.038 FEDERAL PERKINS LOAN PROGRAM_FEDERAL CAPITAL CONTRIBUTIONS $457,794 Yes 0
84.033 FEDERAL WORK-STUDY PROGRAM $240,438 Yes 0

Contacts

Name Title Type
EU9HZ9RKLAL3 Susan Halulko Auditee
3048297033 Melessa Behymer Auditor
No contacts on file

Notes to SEFA

The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of the College 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 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 selected portion of the operations of the College, it is not intended to, and does not, present the consolidated financial position, changes in net assets, or cash flows of the College.
The College provided no federal awards to subrecipients.
The Direct Student Loans Program consists of subsidized, unsubsidized, and graduate plus federal Stafford Loans. Federal statute requires that proceeds from Stafford Loans be disbursed to the College to be directly applied to students' accounts. New loans processed for students during the year ended June 30, 2025 were as follows: Program Title Federal Assistance Listing Number Amount Provided Federal Direct Student Loans Stafford Subsidized 84.268 $ 1,367,531 Graduate Plus 84.268 1,383,559 Unsubsidized 84.268 1,607,570 $ 4,358,660
The Perkins federal student loan program is administered directly by the Bethany College and Affiliate, and balances and transactions relating to this program are included in Bethany College and Affiliate's basic consolidated financial statements. The Federal capital contributions portion of the loans outstanding at the end of the year are included in the federal expenditures presented in the Schedule. The total balance of Perkins loans outstanding at the end of the year totaled $498,493. There were no new loans during the year as the program has been discontinued.
The USDA loan included on the schedule is administered directly by the College and the balance and transactions related to this program are included in the College's consolidated financial statements. In accordance with the Uniform Guidance, the Schedule reflects the balance of the loan outstanding at the beginning of the fiscal year or July 1, 2023. There were no new loans made or received during the

Finding Details

Finding 2025-001
Finding 2025-001 - Significant Deficiency in Internal Control Over Compliance - Return of Title IV Funds Criteria: Title IV funds are to be returned to the Department of Education within 45 days of becoming aware that the student has withdrawn from the institution. Condition: Four students who had withdrawn from the institution did not have Title IV funds returned to the Department of Education within 45 days. Cause: The required fund return timeline was not monitored by the Financial Aid Department Effect or potential effect: Possible effect is that Title IV funds are not returned in a timely basis in accordance with compliance requirements. Recommendation: Ensure controls are implemented to initiate the proper calculation and return of Title IV funds within 45 days of becoming aware a student has withdrawn from the institution. Views of responsible officials: See attached.