FAC Explorer

Audit 44654

FY End
2022-09-30
Total Expended
$22.73M
Findings
2
Programs
10
Organization: Athens State University (AL)
Year: 2022 Accepted: 2023-06-20
Auditor: Mauldin & Jenkins LLC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
46695 2022-001 Significant Deficiency - L
623137 2022-001 Significant Deficiency - L

Programs

ALN Program Spent Major Findings
84.268 Federal Direct Student Loans $12.05M Yes 0
84.063 Federal Pell Grant Program $5.37M Yes 0
84.425 Education Stabilization Fund $4.11M Yes 1
84.031 Higher Education_institutional Aid $389,267 - 0
84.379 Teacher Education Assistance for College and Higher Education Grants (teach Grants) $281,034 Yes 0
84.033 Federal Work-Study Program $146,850 Yes 0
84.007 Federal Supplemental Educational Opportunity Grants $128,547 Yes 0
47.076 Education and Human Resources $126,699 - 0
84.367 Improving Teacher Quality State Grants $116,669 - 0
23.002 Appalachian Area Development $6,223 - 0

Contacts

Name Title Type
GFZJMKWMF9K7 Jonathan Craft Auditee
2562163310 Jeremy Blackburn Auditor
No contacts on file

Notes to SEFA

Title: Loan/loan guarantee outstanding balances Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes thefederal award activity of Athens State University (ASU or the University) under programs ofthe federal government for the year ended September 30, 2022. The information in this scheduleis presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for FederalAwards (Uniform Guidance). Because the Schedule presents only a selected portion of theoperations of the University, it is not intended to and does not present the financial position,changes in net position or cash flows of the University. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. FEDERAL DIRECT STUDENT LOANS (84.268) - The Direct Loan program enables an eligible student or parent to obtain a loan to pay for thestudents cost of attendance directly through the University rather than through private lenders. Asa university qualified to originate loans, the University is responsible for handling the completeloan origination process, including funds management and promissory note functions. During theprogram year, the University processed approximately $12 million of student loans under theDirect Loan program.
Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes thefederal award activity of Athens State University (ASU or the University) under programs ofthe federal government for the year ended September 30, 2022. The information in this scheduleis presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for FederalAwards (Uniform Guidance). Because the Schedule presents only a selected portion of theoperations of the University, it is not intended to and does not present the financial position,changes in net position or cash flows of the University. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. Expenditures reported on the Schedule are reported on the accrual basis of accounting. Suchexpenditures are recognized following the cost principles contained in the Uniform Guidance,wherein certain types of expenditures are not allowable or are limited as to reimbursement. TheUniversity has elected not to use the 10-percent de minimus indirect cost rate allowed under theUniform Guidance.For purposes of the Schedule, federal awards include all grants, contracts and similar agreementsentered into directly between the University and agencies and departments of the federalgovernment and all subawards to the University by nonfederal organizations pursuant to federalgrants, contracts and similar agreements. The awards are classified into Type A and Type Bcategories in accordance with the provisions of Title 2 U.S. Code of Federal Regulations Part 200,Uniform Administrative Requirements, Cost Principles, and Audit Requirements for FederalAwards (Uniform Guidance). Programs classified as Type A are as follows:Student Financial Assistance ClusterEducation Stabilization Fund

Finding Details

Finding 2022-001
CRITERIA: The reporting requirements for HEERF funding include a Quarterly Budget and Expenditure Report (QBER). Expenditures of awards funded by HEERF I, II, III Sections 18004(a)(1) Institutional Portion, 18004(a)(2), and 18004(a)(3) should be reporting using the QBER form developed by the grantor. The form is required to be posted on the institution?s primary website within 10 days of the end of each reporting period. CONDITION: Through our testing, we noted 2 out of 4 quarterly reports selected for timeliness testing were found to be late. QUESTIONED COSTS: $ - CAUSE/EFFECT: The delay in publicly posting 2 of the quarterly reports was due to a lack of controls around the timeliness of the reporting. RECOMMENDATION: The University should establish controls, including timelines, calendar reminders and additional monitoring, to ensure that quarterly reports are publicly posted to the institution?s primary website within 10 days of the end of each reporting period. VIEW OF RESPONSIBLE OFFICIALS: Management concurs with this finding and will reassess and implement controls to ensure that timely reporting is made.
Finding 2022-001
CRITERIA: The reporting requirements for HEERF funding include a Quarterly Budget and Expenditure Report (QBER). Expenditures of awards funded by HEERF I, II, III Sections 18004(a)(1) Institutional Portion, 18004(a)(2), and 18004(a)(3) should be reporting using the QBER form developed by the grantor. The form is required to be posted on the institution?s primary website within 10 days of the end of each reporting period. CONDITION: Through our testing, we noted 2 out of 4 quarterly reports selected for timeliness testing were found to be late. QUESTIONED COSTS: $ - CAUSE/EFFECT: The delay in publicly posting 2 of the quarterly reports was due to a lack of controls around the timeliness of the reporting. RECOMMENDATION: The University should establish controls, including timelines, calendar reminders and additional monitoring, to ensure that quarterly reports are publicly posted to the institution?s primary website within 10 days of the end of each reporting period. VIEW OF RESPONSIBLE OFFICIALS: Management concurs with this finding and will reassess and implement controls to ensure that timely reporting is made.