FAC Explorer

Audit 390636

FY End
2025-06-30
Total Expended
$4.99M
Findings
4
Programs
5
Organization: Pennsylvania College of Art & Design (PA)
Year: 2025 Accepted: 2026-03-06
Auditor: TAIT WELLER & BAKER LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1176723 2025-001 Material Weakness Yes L
1176724 2025-001 Material Weakness Yes L
1176725 2025-001 Material Weakness Yes L
1176726 2025-001 Material Weakness Yes L

Programs

ALN Program Spent Major Findings
84.268 FEDERAL DIRECT STUDENT LOANS $3.45M Yes 1
84.063 FEDERAL PELL GRANT PROGRAM $1.33M Yes 1
84.116 FUND FOR THE IMPROVEMENT OF POSTSECONDARY EDUCATION $155,694 Yes 0
84.033 FEDERAL WORK-STUDY PROGRAM $28,469 Yes 1
84.007 FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS $19,963 Yes 1

Contacts

Name Title Type
JY4FMRSWRNQ6 Wendy Albert Auditee
7173967833 Ken Badasarian Auditor
No contacts on file

Notes to SEFA

The accompanying schedule of expenditures of federal awards presents the activity of all federal award programs of Pennsylvania College of Art & Design (the “College”). All awards received directly from federal agencies as well as financial assistance passed through other governmental agencies or non-profit organizations are included on the schedule.
The College did not pass any awards through to subrecipients.
The amounts reported in the accompanying Schedule of Expenditures of Federal Awards do not include matching contributions made by the College. The College made matching contributions to the following federal awards:Federal Work-Study Program $ 9,489 Federal Supplemental Educational Opportunity Grants Program 6,654 $ 16,143

Finding Details

Finding 2025-001
2025-001 Significant Deficiency – Special Reporting Program: Student Financial Aid Cluster Assistance Listing Number: 84.268, 84.063, 84.003, 84.007 Federal Agency: U.S. Department of Education Federal Award Year: June 30, 2025 Criteria: The College is required to submit the Fiscal Operations Report and Application to Participate (FISAP) annually to receive funds for the campus-based programs. Condition: The College incorrectly reported information on tuition and fees in the FISAP submitted to the Department of Education. Questioned Costs: None Cause: The FISAP was not reconciled to the College’s internal records prior to submission due to staffing turnovers and delays in producing the financial statements. Effect: The College did not operate in accordance with the special reporting compliance requirement. Identification of Repeat Finding: This is a repeat finding Recommendation: The College should ensure that the year-end closing process is completed timely and require a sign-off from the CFO or controller of financial statement metrics reported on the FISAP prior to submission. Views of Responsible Officials: Management agrees with this finding.