FAC Explorer

Audit 3929

FY End
2023-06-30
Total Expended
$4.23M
Findings
4
Programs
4
Organization: Bellin College, Inc. (WI)
Year: 2023 Accepted: 2023-11-21
Auditor: Wipfli LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
2291 2023-001 Significant Deficiency - E
2292 2023-002 Material Weakness - L
578733 2023-001 Significant Deficiency - E
578734 2023-002 Material Weakness - L

Programs

ALN Program Spent Major Findings
84.268 Federal Direct Student Loans $939,109 Yes 0
84.063 Federal Pell Grant Program $309,713 Yes 1
84.007 Federal Supplemental Educational Opportunity Grants $15,493 Yes 0
84.033 Federal Work-Study Program $10,150 Yes 0

Contacts

Name Title Type
X24ZBLBYL1K9 Ginger Krummen Schraven Auditee
9204336631 Stephanie Cavadeas Auditor
No contacts on file

Notes to SEFA

Title: Note 1: Basis of Presentation Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: The College has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. The accompanying schedule of expenditures of federal and state awards (the “Schedule”) includes the College's federal and state award activity under programs of the federal and state government for the year ended June 30, 2023. The information in the 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”) and the State of Wisconsin State Single Audit Guidelines. Because the Schedule presents only a selected portion of the operations of the College, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the College.
Title: Note 4: College Matching Funds Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: The College has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. The Schedule includes federal awards received for the various programs. The College is required to provide matching funds for certain student financial aid programs. Matching funds by program provided by the College for the year ended June 30, 2023, are as follows: Federal Supplemental Educational Opportunity Grant - $5,165, Federal WorkStudy Program - $3,150, Wisconsin Academic Excellence Scholarship - $5,625, and Wisconsin Veterans Grant - $14,000.
Title: Note 5: Administrative Cost Allowances Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: The College has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. The Student Financial Assistance allowable expenditures for the year ended June 30, 2023, include amounts claimed for administrative costs of $1,125.
Title: Note 6: Subrecipients Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: The College has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. The College does not have sub-recipients of federal or state awards.

Finding Details

Finding 2023-001
Finding 2023-001 Common Origination and Disbursement (COD) Reporting Department of Education Student Financial Aid Cluster - grant period July 1, 2022 through June 30, 2023 Questioned costs: None How the question costs were computed: N/A Condition: The examination disclosed 2 instances, out of 40 student files tested, in which their disbursements dates on COD do not match the student ledger. Fund Source COD Disbursement Date Student Ledger Disbursement Date Student A Unsubsidized 12/29/2022 1/09/2023 Grad PLUS 12/29/2022 1/09/2023 Student B Unsubsidized 12/29/2022 1/09/2023 Criteria: Disbursement dates in the student ledger need to reflect the disbursement dates in COD. Effect: The disbursement dates in COD determines the date interest accrual begins. Cause: An oversight was made by the institution. Recommendation: The institution should implement adequate oversight to ensure the COD disbursement dates and the student ledgers disbursement dates match. View of Responsible We agree with the finding and are committed to a corrective action. Officials:
Finding 2023-002
Finding 2023-002 Pell Under Awarded Department of Education Student Financial Aid Cluster - grant period July 1, 2022 through June 30, 2023 Questioned costs: None How the question costs were computed: N/A Condition: The examination disclosed 10 instances, out of the 10 Pell eligible student files tested, in which the Pell was under awarded. Criteria: Funding for Pell must be based on the appropriate award year's Pell charts provided by the institution. Effect: Pell eligible students were under awarded Pell funding for the 2022-2023 award year. Cause: An oversight was made by the institution. Recommendation: The institution should ensure they are using the appropriate award year when awarding their Pell eligible students. The institution should adjust the 2022-2023 Pell funding for the students above to accurately reflect the funds they were eligible to receive in the award year, as stated in each student. Materiality: Findings encountered with reporting requirements in excess of 10% of the total items tested would be considered a material instance of noncompliance. This finding is considered a material noncompliance with an error rate of 100%. View of Responsible We agree with the finding and are committed to a corrective action. Officials:
Finding 2023-001
Finding 2023-001 Common Origination and Disbursement (COD) Reporting Department of Education Student Financial Aid Cluster - grant period July 1, 2022 through June 30, 2023 Questioned costs: None How the question costs were computed: N/A Condition: The examination disclosed 2 instances, out of 40 student files tested, in which their disbursements dates on COD do not match the student ledger. Fund Source COD Disbursement Date Student Ledger Disbursement Date Student A Unsubsidized 12/29/2022 1/09/2023 Grad PLUS 12/29/2022 1/09/2023 Student B Unsubsidized 12/29/2022 1/09/2023 Criteria: Disbursement dates in the student ledger need to reflect the disbursement dates in COD. Effect: The disbursement dates in COD determines the date interest accrual begins. Cause: An oversight was made by the institution. Recommendation: The institution should implement adequate oversight to ensure the COD disbursement dates and the student ledgers disbursement dates match. View of Responsible We agree with the finding and are committed to a corrective action. Officials:
Finding 2023-002
Finding 2023-002 Pell Under Awarded Department of Education Student Financial Aid Cluster - grant period July 1, 2022 through June 30, 2023 Questioned costs: None How the question costs were computed: N/A Condition: The examination disclosed 10 instances, out of the 10 Pell eligible student files tested, in which the Pell was under awarded. Criteria: Funding for Pell must be based on the appropriate award year's Pell charts provided by the institution. Effect: Pell eligible students were under awarded Pell funding for the 2022-2023 award year. Cause: An oversight was made by the institution. Recommendation: The institution should ensure they are using the appropriate award year when awarding their Pell eligible students. The institution should adjust the 2022-2023 Pell funding for the students above to accurately reflect the funds they were eligible to receive in the award year, as stated in each student. Materiality: Findings encountered with reporting requirements in excess of 10% of the total items tested would be considered a material instance of noncompliance. This finding is considered a material noncompliance with an error rate of 100%. View of Responsible We agree with the finding and are committed to a corrective action. Officials: