Title: General
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards is presented using the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The accompanying Schedule of Expenditures of Federal Awards (Schedule) presents the activity of all federal award programs of Eastern Illinois University for the year ended June 30, 2022. All federal awards received directly from federal agencies as well as federal awards passed through other government and nonprofit agencies are included on the Schedule. This Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirement, Cost Principles, and Audit Requirements for Federal Awards (the 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 position, or cash flows of Eastern Illinois University. Following is a legend of acronyms used in the Schedule of Expenditures of Federal Awards: CARES Coronavirus Aid, Relief, and Economic Security; CCAP Child Care Assistance Program; CCRR Child Care Resource and Referral; IDNR Illinois Department of Natural Resources; NSF National Science Foundation; QRIS Quality Recognition and Improvement System; RUI Research in Undergraduate Institutions; SRSAPS State and Regional Substance Abuse Prevention Services
Title: Subrecipients
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards is presented using the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The University provided no sub-awards during the fiscal year ended June 30, 2022.
Title: Student Loan Programs
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards is presented using the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
During the fiscal year ended June 30, 2022, the University issued new loans to students under the Federal Direct Student Loan Program. The loan amounts issued during the year are disclosed on the Schedule of Expenditures of Federal Awards. The University is responsible only for the performance of certain administrative duties with respect to federally-guaranteed student loan programs and, accordingly, balances and transactions relating to these loan programs are not included in the Universitys basic financial statements. It is not practicable to determine the balance of loans outstanding to students and former students of the University at June 30, 2022. The University participated in the federal Perkins Loan Program during the year ended June 30, 2022. This loan program is directly administered by the University and is considered a revolving loan program, whereby collections received on past loans, including interest, is loaned out to current students. The beginning loan balance is included on the federal expenditures presented in the Schedule. Under the current Perkins Loan Program, new Perkins loans cannot be disbursed after September 30, 2017. Borrowers who received a loan disbursement prior to October 1, 2017 for the 2017-2018 award year could still receive subsequent disbursements through June 30, 2018. No Perkins loan disbursements have been permitted after June 30, 2018 under any circumstances. The University is waiting for further guidance from the U.S. Department of Education. Perkins Loan Program CFDA #84.038 Outstanding Balance: $3,942,315. *See Note 4 for table*. There were no administrative costs charged to loan programs during fiscal year 2022.
Title: Major Programs
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards is presented using the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The following federal program expenditures comprise major program expenditures under OMB Uniform Guidance for the year ended June 30, 2022: *See Note 5 for table* Total federal expenditures: $52,701,320. As part of the Student Financial Aid Program, Eastern Illinois University administers loan proceeds under the Perkins Loan Program and the William D. Ford Federal Direct Loan Program (as described in Note 4).
Title: Insurance Payments
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards is presented using the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
There was no federally-funded insurance in effect during the fiscal year ended June 30, 2022.
Title: Federal Depository Library Program
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards is presented using the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Universitys Library serves as a depository library for the U.S. Government Publishing Offices Federal Depository Library Program. The University is the legal custodian of government publications received under this program, however, these publications remain the property of the federal government.