FAC Explorer

Audit 393210

FY End
2025-06-30
Total Expended
$8.03M
Findings
4
Programs
4
Organization: Spartanburg Methodist College (SC)
Year: 2025 Accepted: 2026-03-23
Auditor: CHERRY BEKAERT LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1181931 2025-001 Material Weakness Yes N
1181932 2025-001 Material Weakness Yes N
1181933 2025-001 Material Weakness Yes N
1181934 2025-001 Material Weakness Yes N

Programs

ALN Program Spent Major Findings
84.063 FEDERAL PELL GRANT PROGRAM $4.95M Yes 1
84.268 FEDERAL DIRECT STUDENT LOANS $2.91M Yes 1
84.007 FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS $115,760 Yes 1
84.033 FEDERAL WORK-STUDY PROGRAM $43,034 Yes 1

Contacts

Name Title Type
XLN1STFE8HR7 Michael Crocker Auditee
8645874259 Roselle Bonnoitt Auditor
No contacts on file

Notes to SEFA

The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal grant activity of Spartanburg Methodist College (the “College”) under programs of the federal government for the year ended June 30, 2025. The information in this 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”). Because the Schedule presents only a selected portion of the operations of the College, it is not intended to and does not present the statements of financial position, activities and changes in net assets and cash flows of the College.
Federal Direct Student Loans, amounting to $2,913,466, were made to students of the College during the year ended June 30, 2025. Parent Loans for Undergraduate Studies, amounting to $209,422 were made to parents of students of the College during the year ended June 30, 2025.
The College received a waiver of institutional share requirements for the Federal Work-Study Program and the Federal Supplemental Educational Opportunity Grants from the United States Department of Education for the 2024-2025 award year.

Finding Details

Finding 2025-001
Finding 2025-001 - Student Financial Aid Cluster, CFDA# 84.007, 84.033, 84.063, 84.268 Compliance Requirement: Special Tests and Provisions – NSLDS Reporting Criteria: The College is required to send changes in attendance levels of students, including students who, graduated, withdrew, dropped out, or enrolled, to the National Student Loan Data System (“NSLDS”) within 60 days of the change. Condition: For some of the students included in our sample, the College did not send changes in attendance levels of students, including students who graduated, withdrew, dropped out, or enrolled, to the NSLDS within 60 days of the change. Cause: The College did not report changes in the status of its May 2025 graduates until its Fall 2025 reporting resulting in their status change reporting being greater than 60 days after the status change date. Effect: The College did not report status changes to the NSLDS timely Questioned Costs: None Context: Of the 25 students tested, 11 of them were May 2025 graduates whose NSLDS status changes were reported more than 60 days after the status change date. Recommendation: The College should review the planned submission dates on its NSLDS submission calendar to ensure the scheduled submission dates occur after academic dates that result in status changes of students. Views of Responsible Officials: See attached management’s corrective action plan.