FAC Explorer

Audit 390740

FY End
2025-06-30
Total Expended
$8.60M
Findings
4
Programs
16
Organization: Rhodes College (TN)
Year: 2025 Accepted: 2026-03-08
Auditor: CHERRY BEKAERT LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1176891 2025-001 Material Weakness Yes L
1176892 2025-001 Material Weakness Yes L
1176893 2025-001 Material Weakness Yes L
1176894 2025-001 Material Weakness Yes L

Programs

ALN Program Spent Major Findings
84.268 FEDERAL DIRECT STUDENT LOANS $5.32M Yes 1
84.063 FEDERAL PELL GRANT PROGRAM $2.24M Yes 1
84.033 FEDERAL WORK-STUDY PROGRAM $266,872 Yes 1
84.007 FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS $198,110 Yes 1
93.859 BIOMEDICAL RESEARCH AND RESEARCH TRAINING $121,761 Yes 0
47.074 BIOLOGICAL SCIENCES $86,877 Yes 0
47.076 STEM EDUCATION (FORMERLY EDUCATION AND HUMAN RESOURCES) $44,000 Yes 0
10.310 AGRICULTURE AND FOOD RESEARCH INITIATIVE (AFRI) $40,838 Yes 0
43.U02 STScI, AURA - Witnessing the Circumgalactic Medium Formation $35,398 Yes 0
93.912 RURAL HEALTH CARE SERVICES OUTREACH, RURAL HEALTH NETWORK DEVELOPMENT AND SMALL HEALTH CARE PROVIDER QUALITY IMPROVEMENT $19,616 Yes 0
43.U01 STScI, AURA – Q-3D: Imaging Spectroscopy $18,484 Yes 0
47.U01 IPA: Program Director for Cellular Dynamics and Function Cluster $17,526 Yes 0
43.U05 STScI, AURA - Deep Grism Spectroscopy $7,450 Yes 0
43.U03 STScI, AURA - Extreme Feedback in Action $6,330 Yes 0
43.008 OFFICE OF STEM ENGAGEMENT (OSTEM) $3,409 Yes 0
43.U04 STScI, AURA - Empirical Calibration of the NIRSpec IFU Point Spread Function $957 Yes 0

Contacts

Name Title Type
F51NKQLSLHT4 Kyle Webb Auditee
9018433760 Brian Liffick Auditor
No contacts on file

Notes to SEFA

During fiscal year ended June 30, 2025, the College processed the following amount of new loans under the Federal Direct Student Loan Program: See Notes to SEFA for table/chart.
The grant revenue amounts are subject to audit and adjustment. If any expenditures or expenses are disallowed by the grantor agencies as a result of such an audit, any claim for reimbursement to the grantor agencies would become a liability of the College. In the opinion of management, all grant and grant matching expenditures are in compliance with the terms of the grant agreements and applicable federal laws and regulations.

Finding Details

Finding 2025-001
Finding No. 2025-001 Identification of the Federal Program: Student Financial Aid Cluster, Assistance Listing # 84.007, 84.033, 84.063, 84.268 Compliance Requirement: Reporting Condition: The date of disbursement of federal funds per the College's records did not agree to date of disbursement reported to the Common Origination and Disbursement (“COD”) system. Criteria: Disbursement data reported to the COD system should agree to the institution's records. Cause: The College did not have all appropriate safeguards in place to ensure accurate reporting of disbursement data to the COD system. Context: The College transitioned to a new financial aid system during the 2024 fiscal year, but the process still requires manual updates, which lead to errors during the 2025 fiscal year. As a result, the College’s records did not support the disbursement data reported to the COD system for seven out of twenty-five sampled students. Effect: The College did not report disbursement data to the COD system accurately. Repeat Finding: This is a repeat finding from prior year, finding no. 2024-001. Recommendation: The College should continue to review the process for reporting under the financial aid system to ensure accurate reporting of disbursement data to the COD system, focusing on eliminating manual updates. Management Response: The College concurs with this finding. Corrective Action Plan: See enclosed management’s corrective action plan.