Audit 400990

Finding 2025-101 Reporting (Significant Deficiency, Compliance Finding) Assistance Listings Number: 84.007, 84.033, 84.063 & 84.268 Cluster Title: Student Financial Assistance Cluster Program Titles: Federal Supplemental Educational Opportunity Grants, Federal Work-Study Program, Federal Pell Grant Program and Federal Direct Student Loans Federal Agency: U.S. Department of Education Award Year: 2025 Award Number: None Compliance Requirement: Reporting Question Costs: None Criteria: The student financial assistance cluster requires that the college submit the Fiscal Operations Report and Application to Participate (FISAP) annually. The amounts reported on the FISAP should agree to the underlying accounting records. Condition: Total tuition and fees as reported in the FISAP report was $10,843,372 while the district’s underlying accounting records showed $10,454,289 for a difference of $389,083. Total Federal Pell expenditures were reported as $9,260,936 on the FISAP report while the underlying accounting records and schedule of expenditures of federal awards showed $9,190,309 for a difference of $70,627. This finding is similar to prior-year finding 2024-101. Cause: The District does not have adequate policies and procedures in place to ensure that revenues and expenditures are reported properly on the FISAP. Year-end adjustments were not identified and recorded prior to FISAP reporting. Effect: Information reported by the District on the FISAP was not accurate and is not in compliance with requirements of the grant. Recommendation: The District should establish policies and procedures to ensure that the amounts reported on the FISAP are accurate and agree to the underlying accounting records. District’s Response: The District’s responsible officials’ views and planned corrective action are in its corrective action plan at the end of the report.