FAC Explorer

Audit 389016

FY End
2025-06-30
Total Expended
$9.23M
Findings
4
Programs
7
Organization: Aiken Technical College (SC)
Year: 2025 Accepted: 2026-02-25
Auditor: MAULDIN & JENKINS

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1175306 2025-001 Material Weakness Yes N
1175307 2025-001 Material Weakness Yes N
1175308 2025-001 Material Weakness Yes N
1175309 2025-001 Material Weakness Yes N

Programs

ALN Program Spent Major Findings
84.063 FEDERAL PELL GRANT PROGRAM $6.66M Yes 1
84.268 FEDERAL DIRECT STUDENT LOANS $1.71M Yes 1
84.048 CAREER AND TECHNICAL EDUCATION -- BASIC GRANTS TO STATES $203,578 Yes 0
17.261 WORKFORCE DATA QUALITY INITIATIVE (WDQI) $162,123 Yes 0
81.104 ENVIRONMENTAL REMEDIATION AND WASTE PROCESSING AND DISPOSAL $145,961 Yes 0
84.007 FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS $96,758 Yes 1
84.033 FEDERAL WORK-STUDY PROGRAM $27,232 Yes 1

Contacts

Name Title Type
KB1UHMCLKBA1 Kristi Reagin Auditee
8035087493 Brian Nicholson Auditor
No contacts on file

Notes to SEFA

Basis of Presentation The accompanying Schedule of Expenditures of Federal Awards (the "Schedule") presents the activity of all federal awards of Aiken Technical College (the "College"). The reporting entity is defined in Note 1 of the College's financial statements. The information in the Schedule 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) and is prepared on the accrual basis of accounting. Program Type Determination Type A programs are defined as federal programs with federal expenditures exceeding $750,000. The threshold of $750,000 was used in distinguishing between Type A and Type B programs. Method of Major Program Selection The risk-based approach was used in the selection of federal programs to be tested as major programs. The College qualified as a low-risk auditee for the fiscal year ended June 30, 2025.
The college has elected not to use the 10 percent de Minimis indirect cost rate as allowed under the Uniform Guidance for the fiscal year ended June 30, 2025.

Finding Details

Finding 2025-001
AL#: 84.033, 84.007, 84.063, 84.268 Student Financial Aid Cluster Award Year: 2025 Criteria: Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) require that, where there are Title IV funds to be returned, that they be deposited or transferred into the student financial aid account or an electronic funds transfer initiated to the Department of Education as soon as possible, but no later than 45 days after the institution determines that a student withdrew. Condition: There were eight of sixty students tested where the College failed to initiate the electronic funds transfer to the Department of Education within the 45-day timeframe. Context: We addressed this matter with College management who are aware of the requirements to properly review and when applicable, return funds in a timely manner. Effect: Failure to properly review and adhere to policies and procedures can lead to noncompliance and the misappropriation of federal funds that are not detected during the normal course of business. Cause: The lack of compliance is due to the College failing review student withdrawals in a timely manner. Recommendation: We recommend the College review and update its policies and procedures to ensure all Title IV funds are reviewed, and returned in a timely manner. Views of Responsible Officials and Planned Corrective Action: Management concurs with the finding. The College is in the process of implementing controls and procedures to ensure that all Title IV funds are properly monitored and reviewed. Questioned Costs: None.