FAC Explorer

Audit 4094

FY End
2023-06-30
Total Expended
$16.11M
Findings
2
Programs
27
Organization: Rock Valley College (IL)
Year: 2023 Accepted: 2023-11-27
Auditor: Sikich LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
2393 2023-001 - - E
578835 2023-001 - - E

Programs

ALN Program Spent Major Findings
84.063 Federal Pell Grant Program $5.32M Yes 1
84.425 Covid-19 Higher Education Emergency Relief Fund (arpa) - Institutional Portion $4.03M Yes 0
84.425 Covid-19 Higher Education Emergency Relief Fund (arpa) - Student Portion $1.47M Yes 0
84.268 Federal Direct Student Loans $1.24M Yes 0
17.259 Wioa Out-of-School Youth $551,827 - 0
84.007 Federal Supplemental Educational Opportunity Grants $427,500 Yes 0
84.425 Covid-19 Higher Education Emergency Relief Fund (crrsaa) - Student Portion $334,056 Yes 0
84.047 Upward Bound $327,978 - 0
84.042 Sss Complete $276,173 - 0
84.042 Sss Achieve $263,908 - 0
84.048 Career and Technical Education - Perkins Postsecondary $260,561 - 0
93.575 Child Care and Development Block Grant $227,343 - 0
84.002 Adult Education $204,707 - 0
84.002 Engligh Literacy/civics $192,243 - 0
84.033 Federal Work-Study Program $167,421 Yes 0
93.566 Enhanced Employment and Case Management $162,007 - 0
84.425 Covid-19 Governor's Emergency Educaiton Relief Fund (geer) $141,945 Yes 0
64.028 Post-9/11 Chapter 33 Veterans Educational Assistance $128,540 - 0
93.566 Enhanced Employment and Case Management Afghan Supplemental $58,663 - 0
84.268 Federal Direct Student Loans - Plus Loans $33,727 Yes 0
20.205 Highway Construction Careers Training Program $23,492 - 0
17.259 Wioa In-of-School Youth $23,352 - 0
21.027 Covid-19 Coronavirus State and Local Fiscal Recovery Funds $11,521 - 0
64.116 Vocational Rehabilitation for Disabled Veterans $7,955 - 0
84.063 Federal Pell Grant Program- Admin $5,294 Yes 0
93.566 Seniors $4,792 - 0
64.116 Veteran Affairs $32 - 0

Contacts

Name Title Type
JV7AFY9A7HD7 Ellen Olson Auditee
8159214402 Ray Krouse Auditor
No contacts on file

Notes to SEFA

Title: NOTE B- FEDERAL LOAN PROGRAM Accounting Policies: The accompanying schedule of expenditures of federal awards has been prepared in accordance with accounting principles generally accepted in the United States of America as promulgated by the Governmental Accounting Standards Board (GASB). It is a summary of the activity of the College’s federal awards program prepared on the accrual basis of accounting. Accordingly, expenditures are recognized when the liability has been incurred and revenues are recognized when the qualifying expenditure has been incurred. De Minimis Rate Used: N Rate Explanation: The College did not elect to use the 10% de minimus indirect cost rate. For the year ended June 30, 2023, the College acted as a pass-through agency for Federal Direct Stafford and PLUS Loans (subsidized and unsubsidized) to students in the amount of $1,272,798.
Title: NOTE C - OTHER INFORMATION Accounting Policies: The accompanying schedule of expenditures of federal awards has been prepared in accordance with accounting principles generally accepted in the United States of America as promulgated by the Governmental Accounting Standards Board (GASB). It is a summary of the activity of the College’s federal awards program prepared on the accrual basis of accounting. Accordingly, expenditures are recognized when the liability has been incurred and revenues are recognized when the qualifying expenditure has been incurred. De Minimis Rate Used: N Rate Explanation: The College did not elect to use the 10% de minimus indirect cost rate. The College did not receive any federal insurance or federal noncash assistance and did not provide any amounts to sub-recipients.

Finding Details

Finding 2023-001
2023-001 Incorrect Pell Disbursement Amount - Student Financial Aid Cluster Assistance Listing Number 84.007, 84.033, 84.063, 84.268, Grant Period - Year Ended June 30, 2023 Criteria: According to 34 CFR 690.63 students may qualify for a maximum Pell Grant award of $6,895 for an award year. The maximum amount is awarded to students with a zero Expected Family Contribution (EFC) and full-time enrollment status. Students with less than full-time enrollment or more than a zero EFC are eligible for a reduced Pell award. Condition: During our student file testing we noted one student out of forty had was not disbursed the correct Pell Grant award. Based on the student’s enrollment status and need, the College under awarded the student by $200. We consider this to be an instance of noncompliance relating to the Eligibility Compliance Requirement. Statistical sampling was not used when making sample selections. Questioned Costs: $0 Effect: A student received an incorrect amount of Pell award and was under awarded an amount of $200. Cause: The College’s internal controls did not identify that the incorrect amount of Pell grant was awarded to the student. According to the Department of Education’s Pell matrix chart, the student was under awarded Pell in the amount of $200. Recommendation: We recommend the College closely monitor all student’s enrollment status to ensure all student receive financial aid are disbursed the correct amount. Views of Responsible Officials: Management agrees with this finding and response is included in Corrective Action Plan.
Finding 2023-001
2023-001 Incorrect Pell Disbursement Amount - Student Financial Aid Cluster Assistance Listing Number 84.007, 84.033, 84.063, 84.268, Grant Period - Year Ended June 30, 2023 Criteria: According to 34 CFR 690.63 students may qualify for a maximum Pell Grant award of $6,895 for an award year. The maximum amount is awarded to students with a zero Expected Family Contribution (EFC) and full-time enrollment status. Students with less than full-time enrollment or more than a zero EFC are eligible for a reduced Pell award. Condition: During our student file testing we noted one student out of forty had was not disbursed the correct Pell Grant award. Based on the student’s enrollment status and need, the College under awarded the student by $200. We consider this to be an instance of noncompliance relating to the Eligibility Compliance Requirement. Statistical sampling was not used when making sample selections. Questioned Costs: $0 Effect: A student received an incorrect amount of Pell award and was under awarded an amount of $200. Cause: The College’s internal controls did not identify that the incorrect amount of Pell grant was awarded to the student. According to the Department of Education’s Pell matrix chart, the student was under awarded Pell in the amount of $200. Recommendation: We recommend the College closely monitor all student’s enrollment status to ensure all student receive financial aid are disbursed the correct amount. Views of Responsible Officials: Management agrees with this finding and response is included in Corrective Action Plan.