FAC Explorer

Audit 396431

FY End
2025-06-30
Total Expended
$20.77M
Findings
6
Programs
13
Organization: Alverno College (WI)
Year: 2025 Accepted: 2026-03-30
Auditor: BAKER TILLY US LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1204656 2025-001 Material Weakness Yes N
1204657 2025-001 Material Weakness Yes N
1204658 2025-001 Material Weakness Yes N
1204659 2025-001 Material Weakness Yes N
1204660 2025-001 Material Weakness Yes N
1204661 2025-001 Material Weakness Yes N

Programs

ALN Program Spent Major Findings
84.268 FEDERAL DIRECT STUDENT LOANS $16.12M Yes 1
84.063 FEDERAL PELL GRANT PROGRAM $2.47M Yes 1
84.184 SCHOOL SAFELY NATIONAL ACTIVITIES $526,168 Yes 0
84.325 SPECIAL EDUCATION - PERSONNEL DEVELOPMENT TO IMPROVE SERVICES AND RESULTS FOR CHILDREN WITH DISABILITIES $303,913 Yes 0
84.033 FEDERAL WORK-STUDY PROGRAM $302,207 Yes 1
47.076 STEM EDUCATION (FORMERLY EDUCATION AND HUMAN RESOURCES) $233,839 Yes 0
43.008 OFFICE OF STEM ENGAGEMENT (OSTEM) $199,833 Yes 0
84.031 HIGHER EDUCATION INSTITUTIONAL AID $198,399 Yes 0
84.038 FEDERAL PERKINS LOAN PROGRAM_FEDERAL CAPITAL CONTRIBUTIONS $130,626 Yes 1
84.007 FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS $127,541 Yes 1
10.223 HISPANIC SERVING INSTITUTIONS EDUCATION GRANTS $86,068 Yes 0
84.335 CHILD CARE ACCESS MEANS PARENTS IN SCHOOL $83,189 Yes 0
84.379 TEACHER EDUCATION ASSISTANCE FOR COLLEGE AND HIGHER EDUCATION GRANTS (TEACH GRANTS) $1,886 Yes 1

Contacts

Name Title Type
WCMLW2MWGPZ4 David Brzeczkowski Auditee
4143826331 Ryan Lay, CPA Auditor
No contacts on file

Notes to SEFA

The accompanying schedules of expenditures of federal and state awards (the Schedules) includes federal and state award activity of Alverno College (the College) under programs of the federal and state governments for the year ended June 30, 2025. The information in these Schedules 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 Single Audit Guidelines. Because these Schedules present 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.
The Federal Perkins Loan Program is administered directly by the College and balances and transactions relating to this program are included in loans to students in the College's financial statements. Loans outstanding at the beginning of the year are included in the federal expenditures in the Schedule. Federal Perkins loans outstanding at June 30, 2025 totaled $117,958. The Perkins Loan Program is ending and no additional loans are granted in the year ended June 30, 2025. The Extension Act amended section 461 of the Higher Education Act to end the College's authority to make new Perkins Loans after June 30, 2018. The College is not required to assign the outstanding Perkins Loans to the Department or liquidate their Perkins Loan Revolving Funds due to the wind-down of the Perkins Loan Program, however, the College may choose to liquidate at any time in the future. As of June 30, 2025, the College continues to service the Perkins Loan Program.

Finding Details

Finding 2025-001
2025-001 Agency: U.S. Department of Education Assistance Listing Numbers: 84.033, 84.007, 84.063, 84.268, 84.038 and 84.379 Grant Numbers: P007A104480, P268K112430, P033A104480, P038A104480, P063P102430, P379T112430 Program: Student Financial Assistance Programs Cluster Federal Award Identification Number: Various Federal Award Year: June 30, 2025 Criteria:The College is responsible for designing, implementing and maintaining internal control over compliance for special tests and provisions and for accurately reporting significant data elements under the Campus-Level and Program-Level records within the National Student Loan Data System (NSLDS) that the Department of Education (ED) considers high risk. Condition: Management's review of the enrollment reporting did not detect that 2 student's change status was reported to NSLDS with incorrect information . Questioned Costs: The amount of any questioned costs could not be determined. Context:We selected an initial sample of 25 students that included graduate, change in status and withdrawn students. One of the withdrawn students had an incorrect day of attendance. We expanded our sample of withdrawn students. Of 104 students that withdrew, we tested a total of 11. There were two students that had this error. One student's information was incorrect by 2 days, and the other student's information was incorrect by 11 days. The students had an incorrect date of attendance, however the remaining information was timely reported to NSLDS. Cause: The College's internal control over compliance for enrollment and special tests were not operating effectively which led to noncompliance. Effect: The last date of attendance on 2 of 11 students that withdrew was not reported accurately. Recommendation: We recommend the College review internal controls over enrollment reporting to ensure student change status changes get reported to NSLDS accurately. Management's response: Management agrees and has implemented necessary procedures and management oversight to meet the requirements.