FAC Explorer

Audit 415371

FY End
2025-06-30
Total Expended
$6.33M
Findings
5
Programs
7
Organization: Davis & Elkins College (WV)
Year: 2025 Accepted: 2026-10-27
Auditor: BROWN EDWARDS & COMPANY LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1241250 2025-002 Material Weakness Yes L
1241251 2025-002 Material Weakness Yes L
1241252 2025-002 Material Weakness Yes L
1241253 2025-002 Material Weakness Yes L
1241254 2025-002 Material Weakness Yes L

Programs

ALN Program Spent Major Findings
84.268 FEDERAL DIRECT STUDENT LOANS $3.20M Yes 1
84.063 FEDERAL PELL GRANT PROGRAM $1.81M Yes 1
84.047 TRIO UPWARD BOUND $1.01M Yes 0
84.007 FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS $182,283 Yes 1
84.033 FEDERAL WORK-STUDY PROGRAM $111,759 Yes 1
10.559 SUMMER FOOD SERVICE PROGRAM FOR CHILDREN $11,646 Yes 0
84.379 TEACHER EDUCATION ASSISTANCE FOR COLLEGE AND HIGHER EDUCATION GRANTS (TEACH GRANTS) $7,544 Yes 1

Contacts

Name Title Type
EKTANMMNULL7 Diana White Auditee
3046371330 Emily Signorelli Auditor
No contacts on file

Notes to SEFA

The accompanying schedule of expenditures of federal awards includes the federal grant activity of Davis & Elkins College (the “College”) and is presented using the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the financial statements. The College’s major programs are as follows: Student Financial Aid Student Financial Aid includes certain awards to provide financial aid to students, primarily under the Federal Work-Study (FWS), Federal Pell Grant (Pell), Teacher Education Assistance for College and Higher Education Grant (TEACH), and Federal Supplemental Educational Opportunity Grant (FSEOG) programs of the U.S. Department of Education. The College also receives awards to make loans to eligible students under the Federal Direct Loan program.
The College is responsible only for the performance of certain administrative duties with respect to its Federal Direct Loan program and, accordingly, these loans are not included in its financial statements. It is not practicable to determine the balance of loans outstanding to students and former students of the College under these programs as of June 30, 2025.

Finding Details

Finding 2025-002
Condition: The auditee did not submit its data collection form and reporting package to the Federal Audit Clearinghouse by the required deadline for the fiscal year ended June 30, 2025. Criteria : 2 CFR 200.512(a) requires the auditee to submit the audit, data collection form, and reporting package to the Federal Audit Clearinghouse (FAC) no later than the earlier of 30 calendar days after receipt of the auditor’s reports or (2) nine months after the end of the audit period, unless an extension has been authorized by the cognizant or oversight agency for audit. Cause: The delay in submission was due to the audited financial statements not being prepared in a timely manner. As described in Finding 2025-001, the auditee has a material weakness in internal control over financial reporting related to the financial statement preparation process, including inadequate review procedures and insufficient resources to ensure timely completion of the audited financial statements. Effect: Because the audited financial statements were not completed timely, the auditee was unable to meet the FAC submission requirements under 2 CFR 200.512. This resulted in noncompliance with federal regulations. Repeat Finding: No. Recommendation: We recommend the auditee strengthen its internal control over financial reporting by implementing procedures to ensure timely preparation, review, and issuance of the audited financial statements. This should include clearly defined responsibilities, enhanced review controls, and a formal closing and reporting timeline designed to meet Uniform Guidance reporting deadlines. View of Responsible Officials: Management acknowledges the reporting package and Data Collection Form were not submitted to the Federal Audit Clearinghouse by the required deadline due to delays in completing the audited financial statements, as discussed in Finding 2025-001. Management has addressed the staffing challenges which caused the delay by evaluating resource needs, filling key positions, and improving the assignment of financial reporting responsibilities. These actions are intended to support the timely completion of the annual audit and ensure compliance with future Federal Audit Clearinghouse reporting deadlines.