FAC Explorer

Audit 396741

FY End
2025-06-30
Total Expended
$18.18M
Findings
2
Programs
11
Organization: Mount St. Mary's University (MD)
Year: 2025 Accepted: 2026-03-31
Auditor: RSM US LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1205084 2025-001 Material Weakness Yes N
1205085 2025-001 Material Weakness Yes N

Programs

ALN Program Spent Major Findings
84.268 FEDERAL DIRECT STUDENT LOANS $11.74M Yes 1
84.063 FEDERAL PELL GRANT PROGRAM $4.36M Yes 1
84.038 FEDERAL PERKINS LOAN PROGRAM $634,380 Yes 0
47.083 INTEGRATIVE ACTIVITIES $545,037 Yes 0
84.033 FEDERAL WORK-STUDY PROGRAM $337,141 Yes 0
84.007 FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS $216,707 Yes 0
93.859 BIOMEDICAL RESEARCH AND RESEARCH TRAINING $149,453 Yes 0
47.076 STEM EDUCATION (FORMERLY EDUCATION AND HUMAN RESOURCES) $131,002 Yes 0
93.865 CHILD HEALTH AND HUMAN DEVELOPMENT EXTRAMURAL RESEARCH $51,921 Yes 0
84.425 COVID-19: EDUCATION STABILIZATION FUND $11,174 Yes 0
45.164 PROMOTION OF THE HUMANITIES PUBLIC PROGRAMS $548 Yes 0

Contacts

Name Title Type
QFHXJFV1UH78 William Davies Auditee
3014475550 Thomas J. Sneeringer Auditor
No contacts on file

Notes to SEFA

The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Mount St. Mary’s University (the University) 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 University, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the University.
Expenditures reported on the Schedules are reported on the accrual basis of accounting. Expenditures for student financial aid programs are recognized as incurred and include the federal share of students’ Federal Supplemental Educational Opportunity Grant program and Federal Work-Study program earnings, Federal Pell grants, certain other federal financial aid grants for students, loan disbursements and administrative cost allowances, where applicable. Expenditures for other federal awards of the University’s academic and other divisions are determined using the cost accounting principles and procedures set forth in Title 2 U.S. Code of Federal Regulations, Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for the Federal Awards (Uniform Guidance). Under these cost principles, certain expenditures are not allowable or are limited as to reimbursements.
The University has not elected to use the 10% de minimis cost rate as allowed under the Uniform Guidance for contracts awarded prior to October 1, 2024 and 15% de minimis cost rate as allowed under the Uniform Guidance for contracts awarded on or subsequent to October 1, 2024.
Loans made to University students under the various federal loan programs are summarized below for the year ended June 30, 2025: [SEE REPORT FOR TABLE INFORMATION] The University administers the Federal Perkins Loan Program (Perkins). Therefore, the University’s financial statements include the Perkins Loan Fund balances and transactions. The gross balance of Perkins loans outstanding as of June 30, 2025, was $429,393. The University had a reserve of $171,771 for uncollectible loans as of June 30, 2025, and, as such, the net Perkins loan balance outstanding was $257,622 as of June 30, 2025. For the Federal Direct Student Loans, the University is responsible only for the performance of certain administrative duties; therefore, the loan balances and transactions for those programs are not included in the University’s basic financial statements. It is not practical to determine the balance of loans outstanding to students and former students of the University under these programs as of June 30, 2025.

Finding Details

Finding 2025-001
Finding 2025-001 – Special Tests— NSLDS Reporting (Significant Deficiency) Department of Education Student Financial Assistance Cluster Assistance Listing No. 84.268 (Federal Direct Student Loans) and No. 84.063 (Federal Pell Grant Program) Federal award year 2024-2025 Criteria: CFR Section 685.309 and 690.83(b)(2) requires the University to notify the National Student Loan Data System (NSLDS) within 30 days of a change in student status or include the change in status in a response to an enrollment reporting rosters within 60 days of the student’s date of determination of withdrawal. Uniform Grant Guidance (2 CFR 200.303) requires nonfederal entities receiving Federal awards to establish and maintain internal controls designed to reasonably ensure compliance with Federal laws, regulations, and program compliance requirements. Effective internal controls should include procedures to ensure that enrollment status changes are reported timely. Condition: For sixteen out of forty students tested who had enrollment changes at the University, the student’s status effective dates at the campus level and program level were not reported to the NSLDS timely. Cause: The University had turnover in the registrar’s office during the Fall of 2024 resulting in delays in submitting information to NSLDS. Effect or potential effect: The effect of the noncompliance is that NSLDS does not have timely and accurate enrollment information. Questioned costs: None Context: We selected forty students to evaluate reporting of status changes to NSLDS. Out of forty students selected, sixteen student status changes were not reported timely. Identification as a repeat finding, if applicable: This is not a repeat finding. Recommendation: RSM recommends that the University implement a process to review information provided to NSLDS for accuracy in a timely manner such that the NSLDS receives timely information within 60 days of status changes. View of responsible officials: Management agrees with this finding. See corrective action plan.