FAC Explorer

Audit 39802

FY End
2022-07-31
Total Expended
$950,566
Findings
2
Programs
3
Organization: Huntsville Bible College, Inc. (AL)
Year: 2022 Accepted: 2022-11-15
Auditor: Mercer & Associates PC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
43607 2022-001 - - A
620049 2022-001 - - A

Programs

ALN Program Spent Major Findings
84.268 Federal Direct Student Loans $480,620 - 0
84.425 Covid-19 Education Stabilization Fund $184,434 Yes 1
84.063 Federal Pell Grant Program $144,165 - 0

Contacts

Name Title Type
L2M1W6GK1L47 John Clay Auditee
2565390854 Jerry Mercer Auditor
No contacts on file

Notes to SEFA

Accounting Policies: PRESENTED ON THE ACCRUAL BASIS OF ACCOUNTING IN ACCORDANCE WITH THE REQUIREMENTS OF TITLE 2 U.S. CODE OF FEDERAL REGULATIONS PART 200, UNIFORM ADMINISTRATIVE REQUIREMENTS, COST PRINCIPLES, AND AUDIT REQUIREMENTS OF FEDERAL AWARDS (UNIFORM GUIDANCE). De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.

Finding Details

Finding 2022-001
Program: U.S. Department of Education; Assistance Listing #84.425E, for 8/1/2021 through 7/31/2022. Criteria: The Uniform Guidance in 2 CFR Section 200.303 requires that non-Federal entities receiving Federal Awards establish and maintain internal control designed to reasonably ensure compliance with Federal Statutes, regulations, and the terms and conditions of the Federal award. Condition: Certain financial aid grants to students were applied to outstanding balances with verbal consent. Context: This is a condition identified per review of the Board?s compliance with specified requirements using a statistically valid sample. Effect: Certain financial aid grants to students were applied to outstanding balances without proper written consent. Cause: Policies and procedures were not followed to ensure transactions are in compliance with regulations. Repeat of a Prior-Year Finding: No Recommendation: The Board should strengthen its policies and procedures over proper procedures to ensure that expenditures are in compliance. View of Responsible Officials: The Board and management agree with this finding.
Finding 2022-001
Program: U.S. Department of Education; Assistance Listing #84.425E, for 8/1/2021 through 7/31/2022. Criteria: The Uniform Guidance in 2 CFR Section 200.303 requires that non-Federal entities receiving Federal Awards establish and maintain internal control designed to reasonably ensure compliance with Federal Statutes, regulations, and the terms and conditions of the Federal award. Condition: Certain financial aid grants to students were applied to outstanding balances with verbal consent. Context: This is a condition identified per review of the Board?s compliance with specified requirements using a statistically valid sample. Effect: Certain financial aid grants to students were applied to outstanding balances without proper written consent. Cause: Policies and procedures were not followed to ensure transactions are in compliance with regulations. Repeat of a Prior-Year Finding: No Recommendation: The Board should strengthen its policies and procedures over proper procedures to ensure that expenditures are in compliance. View of Responsible Officials: The Board and management agree with this finding.