Audit 39624

FY End
2022-05-31
Total Expended
$26.64M
Findings
4
Programs
9
Organization: Albright College (PA)
Year: 2022 Accepted: 2023-02-27

Organization Exclusion Status:

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Findings

ID Ref Severity Repeat Requirement
44948 2022-002 Significant Deficiency Yes L
44949 2022-002 Significant Deficiency - L
621390 2022-002 Significant Deficiency Yes L
621391 2022-002 Significant Deficiency - L

Programs

ALN Program Spent Major Findings
84.268 Federal Direct Student Loans $10.92M Yes 0
84.038 Federal Perkins Loan Program $4.76M Yes 0
84.063 Federal Pell Grant Program $3.72M Yes 0
84.031 Higher Education_institutional Aid $444,490 - 0
84.007 Federal Supplemental Educational Opportunity Grants $205,395 Yes 0
84.033 Federal Work-Study Program $127,431 Yes 0
84.425 Education Stabilization Fund $126,065 Yes 1
81.049 Office of Science Financial Assistance Program $33,640 - 0
17.245 Trade Adjustment Assistance $2,513 - 0

Contacts

Name Title Type
C1ACK11FLYD9 Jeffrey Strader Auditee
6109217748 Joseph C Sassa III Auditor
No contacts on file

Notes to SEFA

Title: Loan/loan guarantee outstanding balances Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) summarizes the expenditures of Albright College (the College) under programs of the Federal Government for the year ended May 31, 2022. For purposes of the Schedule, federal awards include all grants, contracts and similar agreements entered into directly between the College and agencies and departments of the Federal Government and all subawards made to the College by nonfederal organizations pursuant to federal grants, contracts and similar agreements. 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). Because this 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. Expenditures for other federal awards of the College are recognized primarily on the accrual basis of accounting and are determined using the cost accounting principles and procedures set forth 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.. FEDERAL PERKINS LOAN PROGRAM (84.038) - Balances outstanding at the end of the audit period were 4077022. FEDERAL DIRECT STUDENT LOANS (84.268) - Balances outstanding at the end of the audit period were 10921627.

Finding Details

Finding 2022-002: Significant Deficiency - Reporting Federal Programs: COVID-19 - Education Stabilization Fund - Higher Education Emergency Relief Fund (HEERF) - Institutional Aid Portion and Strengthening Institutions Program (SIP) Federal Agency: U.S. Department of Education Pass-Through Entity: Not Applicable CFDA Numbers: 84.425F and 84.425M Federal Award Year: May 31, 2022 Repeat Finding: 2021-001 Criteria: Section 18004(e) of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), directed institutions receiving funds under Section 18004 of the Act, to submit a new, separate form covering aggregate amounts spent for HEERF I, HEERF II, and HEERF III funds each quarterly reporting period (September 30, December 31, March 31, June 30), concluding after an institution has expended and liquidated all (a)(1) Institutional Portion, (a)(2), and (a)(3) funds and checks the "final report" box. Additionally, the CARES, CRRSAA and ARP institutional quarterly portion reporting requirements involve publicly posting completed forms with accurate information on the institution's website. Condition/Context: The College did not accurately report the amount of institutional HEERF II and III and SIP spent in their quarterly reports ending June 30, 2021, December 31, 2021 and March 31, 2022. The College did ultimately correct these reports to reflect accurate information. Our sample included all reports for the year ended May 31, 2022. Cause: The College failed to follow HEERF institutional quarterly reporting requirements to ensure information is accurately reported to the public. Effect: The College did not provide the public with accurate and reliable data related to the amount and use of HEERF institutional aid and SIP funding spent during the year. Questioned Costs: None Recommendation: The College should assign an individual to track reporting requirements of federal awards to ensure the College is in compliance as well as implement secondary reviews of data reported prior to submission. Views of Responsible Officials and Planned Corrective Actions: The College has corrected the misstated reports. To help ensure this does not occur again, the College will appropriately assign all necessary data collection responsibilities and ensure that corresponding submission deadline are clearly communicated. The Assistant Controller will be assigned the responsibility to coordinate the collection of necessary data and the compilation of the report. The Controller will then review the draft report and make timely submission.
Finding 2022-002: Significant Deficiency - Reporting Federal Programs: COVID-19 - Education Stabilization Fund - Higher Education Emergency Relief Fund (HEERF) - Institutional Aid Portion and Strengthening Institutions Program (SIP) Federal Agency: U.S. Department of Education Pass-Through Entity: Not Applicable CFDA Numbers: 84.425F and 84.425M Federal Award Year: May 31, 2022 Repeat Finding: 2021-001 Criteria: Section 18004(e) of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), directed institutions receiving funds under Section 18004 of the Act, to submit a new, separate form covering aggregate amounts spent for HEERF I, HEERF II, and HEERF III funds each quarterly reporting period (September 30, December 31, March 31, June 30), concluding after an institution has expended and liquidated all (a)(1) Institutional Portion, (a)(2), and (a)(3) funds and checks the "final report" box. Additionally, the CARES, CRRSAA and ARP institutional quarterly portion reporting requirements involve publicly posting completed forms with accurate information on the institution's website. Condition/Context: The College did not accurately report the amount of institutional HEERF II and III and SIP spent in their quarterly reports ending June 30, 2021, December 31, 2021 and March 31, 2022. The College did ultimately correct these reports to reflect accurate information. Our sample included all reports for the year ended May 31, 2022. Cause: The College failed to follow HEERF institutional quarterly reporting requirements to ensure information is accurately reported to the public. Effect: The College did not provide the public with accurate and reliable data related to the amount and use of HEERF institutional aid and SIP funding spent during the year. Questioned Costs: None Recommendation: The College should assign an individual to track reporting requirements of federal awards to ensure the College is in compliance as well as implement secondary reviews of data reported prior to submission. Views of Responsible Officials and Planned Corrective Actions: The College has corrected the misstated reports. To help ensure this does not occur again, the College will appropriately assign all necessary data collection responsibilities and ensure that corresponding submission deadline are clearly communicated. The Assistant Controller will be assigned the responsibility to coordinate the collection of necessary data and the compilation of the report. The Controller will then review the draft report and make timely submission.
Finding 2022-002: Significant Deficiency - Reporting Federal Programs: COVID-19 - Education Stabilization Fund - Higher Education Emergency Relief Fund (HEERF) - Institutional Aid Portion and Strengthening Institutions Program (SIP) Federal Agency: U.S. Department of Education Pass-Through Entity: Not Applicable CFDA Numbers: 84.425F and 84.425M Federal Award Year: May 31, 2022 Repeat Finding: 2021-001 Criteria: Section 18004(e) of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), directed institutions receiving funds under Section 18004 of the Act, to submit a new, separate form covering aggregate amounts spent for HEERF I, HEERF II, and HEERF III funds each quarterly reporting period (September 30, December 31, March 31, June 30), concluding after an institution has expended and liquidated all (a)(1) Institutional Portion, (a)(2), and (a)(3) funds and checks the "final report" box. Additionally, the CARES, CRRSAA and ARP institutional quarterly portion reporting requirements involve publicly posting completed forms with accurate information on the institution's website. Condition/Context: The College did not accurately report the amount of institutional HEERF II and III and SIP spent in their quarterly reports ending June 30, 2021, December 31, 2021 and March 31, 2022. The College did ultimately correct these reports to reflect accurate information. Our sample included all reports for the year ended May 31, 2022. Cause: The College failed to follow HEERF institutional quarterly reporting requirements to ensure information is accurately reported to the public. Effect: The College did not provide the public with accurate and reliable data related to the amount and use of HEERF institutional aid and SIP funding spent during the year. Questioned Costs: None Recommendation: The College should assign an individual to track reporting requirements of federal awards to ensure the College is in compliance as well as implement secondary reviews of data reported prior to submission. Views of Responsible Officials and Planned Corrective Actions: The College has corrected the misstated reports. To help ensure this does not occur again, the College will appropriately assign all necessary data collection responsibilities and ensure that corresponding submission deadline are clearly communicated. The Assistant Controller will be assigned the responsibility to coordinate the collection of necessary data and the compilation of the report. The Controller will then review the draft report and make timely submission.
Finding 2022-002: Significant Deficiency - Reporting Federal Programs: COVID-19 - Education Stabilization Fund - Higher Education Emergency Relief Fund (HEERF) - Institutional Aid Portion and Strengthening Institutions Program (SIP) Federal Agency: U.S. Department of Education Pass-Through Entity: Not Applicable CFDA Numbers: 84.425F and 84.425M Federal Award Year: May 31, 2022 Repeat Finding: 2021-001 Criteria: Section 18004(e) of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), directed institutions receiving funds under Section 18004 of the Act, to submit a new, separate form covering aggregate amounts spent for HEERF I, HEERF II, and HEERF III funds each quarterly reporting period (September 30, December 31, March 31, June 30), concluding after an institution has expended and liquidated all (a)(1) Institutional Portion, (a)(2), and (a)(3) funds and checks the "final report" box. Additionally, the CARES, CRRSAA and ARP institutional quarterly portion reporting requirements involve publicly posting completed forms with accurate information on the institution's website. Condition/Context: The College did not accurately report the amount of institutional HEERF II and III and SIP spent in their quarterly reports ending June 30, 2021, December 31, 2021 and March 31, 2022. The College did ultimately correct these reports to reflect accurate information. Our sample included all reports for the year ended May 31, 2022. Cause: The College failed to follow HEERF institutional quarterly reporting requirements to ensure information is accurately reported to the public. Effect: The College did not provide the public with accurate and reliable data related to the amount and use of HEERF institutional aid and SIP funding spent during the year. Questioned Costs: None Recommendation: The College should assign an individual to track reporting requirements of federal awards to ensure the College is in compliance as well as implement secondary reviews of data reported prior to submission. Views of Responsible Officials and Planned Corrective Actions: The College has corrected the misstated reports. To help ensure this does not occur again, the College will appropriately assign all necessary data collection responsibilities and ensure that corresponding submission deadline are clearly communicated. The Assistant Controller will be assigned the responsibility to coordinate the collection of necessary data and the compilation of the report. The Controller will then review the draft report and make timely submission.