FAC Explorer

Audit 387881

FY End
2025-06-30
Total Expended
$8.57M
Findings
5
Programs
5
Organization: Greensboro College, Inc. and Affiliates (NC)
Year: 2025 Accepted: 2026-02-18
Auditor: FORVIS MAZARS LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1174182 2025-001 Material Weakness Yes N
1174183 2025-001 Material Weakness Yes N
1174184 2025-001 Material Weakness Yes N
1174185 2025-001 Material Weakness Yes N
1174186 2025-001 Material Weakness Yes N

Programs

ALN Program Spent Major Findings
84.268 FEDERAL DIRECT STUDENT LOANS $5.05M Yes 1
84.063 FEDERAL PELL GRANT PROGRAM $2.82M Yes 1
84.038 FEDERAL PERKINS LOAN PROGRAM_FEDERAL CAPITAL CONTRIBUTIONS $472,031 Yes 1
84.033 FEDERAL WORK-STUDY PROGRAM $131,893 Yes 1
84.007 FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS $94,663 Yes 1

Contacts

Name Title Type
KJFNME746NK6 Sheila Barber Auditee
3362725320 Bobby Gauthier Auditor
No contacts on file

Notes to SEFA

The Federal Perkins Loan Program is administered directly by the College, and balances and transactions relating to the program are included in the loan fund of the College’s consolidated financial statements. Loans outstanding as the beginning of the year and loans made during the year are included in the federal expenditures presented in the Schedule. The balance of loans outstanding under the Federal Perkins Loan Program was $407,497 as of June 30, 2025.
The College has elected not to use the 10-percent de minims indirect cost rate allowed under the Uniform Guidance.
Of the federal expenditures presented in the Schedule, the College provided no federal awards to subrecipients.

Finding Details

Finding 2025-001
Criteria or Specific Requirement – NSLDS Reporting: The Code of Federal Regulations, 34 CFR 685.309(b), states that Colleges must have some arrangement to report student enrollment data to the National Student Loan Data System (NSLDS) through an enrollment roster file. The College is required to report changes in the student’s enrollment status, the effective date of the status, and an anticipated completion date. Condition – Incorrect enrollment status was reported to NSLDS. Questioned Costs - None noted. Context – The enrollment status was incorrectly reported for 2 out of 25 students. Effect – NSLDS did not contain the most up-to-date enrollment status. Cause – The College uses the National Student Clearinghouse (NSC) to transmit data over to the National Student Loan Data System (NSLDS). During the course of the year it was determined that some information did not properly interface. Identification as a Repeat Finding – Yes, prior year finding 2024-002 Recommendation – The College should evaluate their policies and procedures related to reporting status changes to NSLDS and enhance as necessary to ensure that accurate information is reported to NSLDS. View of Responsible Official – There is no disagreement with the audit finding.