FAC Explorer

Audit 44921

FY End
2022-06-30
Total Expended
$31.66M
Findings
10
Programs
7
Organization: The Methodist University, Inc. (NC)
Year: 2022 Accepted: 2023-02-28
Auditor: Bdo USA LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
51808 2022-001 - - N
51809 2022-001 - - N
51810 2022-001 - - N
51811 2022-001 - - N
51812 2022-001 - - N
628250 2022-001 - - N
628251 2022-001 - - N
628252 2022-001 - - N
628253 2022-001 - - N
628254 2022-001 - - N

Programs

ALN Program Spent Major Findings
84.268 Federal Direct Student Loans $22.44M Yes 1
84.063 Federal Pell Grant Program $2.94M Yes 1
93.359 Nurse Education, Practice Quality and Retention Grants $295,441 - 0
84.007 Federal Supplemental Educational Opportunity Grants $273,696 Yes 1
84.425 Education Stabilization Fund $230,313 Yes 0
84.033 Federal Work-Study Program $172,126 Yes 1
84.038 Federal Perkins Loan Program $0 Yes 1

Contacts

Name Title Type
J8ZNFL69P5J7 Carol Plummer Auditee
9196307014 Michael Botzis Auditor
No contacts on file

Notes to SEFA

Title: Loan/loan guarantee outstanding balances Accounting Policies: 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. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. FEDERAL PERKINS LOAN PROGRAM (84.038) - Balances outstanding at the end of the audit period were 5695.
Title: Basis of Presentation Accounting Policies: 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. 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 (the Schedule) includes the federal award activity of The Methodist University, Inc. under programs of the federal government for the year ended June 30, 2022. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of The Methodist University, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of The Methodist University, Inc.
Title: Subrecipients Accounting Policies: 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. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. There were no program funds passed through the University to subrecipients during the year ended June 30, 2022.

Finding Details

Finding 2022-001
Federal Program Information: Student Financial Assistance Cluster (Various ALN?s) Criteria or Specific Requirement: N. Special Test and Provisions ? Disbursements To or On Behalf of Students ? Direct Loan ? If a student received financial aid while attending one or more other institutions, schools are required to request financial aid history using the National Student Loan Data System (NSLDS) Student Transfer Monitoring Process. Under this process, a school informs NSLDS about its transfer students. NSLDS will ?monitor? those students on the school?s ?inform? list and ?alert? the school of any relevant financial aid history changes. A school must wait 7 days after it ?informs? NSLDS about a transfer student before disbursing Title IV aid to that student (34 CFR 668.19). Condition: The University did not inform NSLDS of a certain transfer student. Cause: Administrative oversight. Effect or Potential Effect: The University did not follow the NSLDS Student Transfer Monitoring Process. Questioned Costs: None. Context: For 1 of 6 transfer students tested, the University did not add the student to its NSLDS Transfer Monitoring List as required. Identification as a Repeat Finding: There was no similar finding identified during the prior year. Recommendation: We recommend the University enhance its procedures over transfer monitoring to ensure that all mid-year transfer students are added to the NSLDS Transfer Monitoring List. Views of Responsible Officials: Going forward, this has been corrected using ?Tasks? in PowerFAIDS, which will identify mid-year transfer students, alerting the financial aid staff to enter the student into the ?NSLDS Mid-Year Transfer? section in PowerFAIDS and transmitting the file to NSLDS.
Finding 2022-001
Federal Program Information: Student Financial Assistance Cluster (Various ALN?s) Criteria or Specific Requirement: N. Special Test and Provisions ? Disbursements To or On Behalf of Students ? Direct Loan ? If a student received financial aid while attending one or more other institutions, schools are required to request financial aid history using the National Student Loan Data System (NSLDS) Student Transfer Monitoring Process. Under this process, a school informs NSLDS about its transfer students. NSLDS will ?monitor? those students on the school?s ?inform? list and ?alert? the school of any relevant financial aid history changes. A school must wait 7 days after it ?informs? NSLDS about a transfer student before disbursing Title IV aid to that student (34 CFR 668.19). Condition: The University did not inform NSLDS of a certain transfer student. Cause: Administrative oversight. Effect or Potential Effect: The University did not follow the NSLDS Student Transfer Monitoring Process. Questioned Costs: None. Context: For 1 of 6 transfer students tested, the University did not add the student to its NSLDS Transfer Monitoring List as required. Identification as a Repeat Finding: There was no similar finding identified during the prior year. Recommendation: We recommend the University enhance its procedures over transfer monitoring to ensure that all mid-year transfer students are added to the NSLDS Transfer Monitoring List. Views of Responsible Officials: Going forward, this has been corrected using ?Tasks? in PowerFAIDS, which will identify mid-year transfer students, alerting the financial aid staff to enter the student into the ?NSLDS Mid-Year Transfer? section in PowerFAIDS and transmitting the file to NSLDS.
Finding 2022-001
Federal Program Information: Student Financial Assistance Cluster (Various ALN?s) Criteria or Specific Requirement: N. Special Test and Provisions ? Disbursements To or On Behalf of Students ? Direct Loan ? If a student received financial aid while attending one or more other institutions, schools are required to request financial aid history using the National Student Loan Data System (NSLDS) Student Transfer Monitoring Process. Under this process, a school informs NSLDS about its transfer students. NSLDS will ?monitor? those students on the school?s ?inform? list and ?alert? the school of any relevant financial aid history changes. A school must wait 7 days after it ?informs? NSLDS about a transfer student before disbursing Title IV aid to that student (34 CFR 668.19). Condition: The University did not inform NSLDS of a certain transfer student. Cause: Administrative oversight. Effect or Potential Effect: The University did not follow the NSLDS Student Transfer Monitoring Process. Questioned Costs: None. Context: For 1 of 6 transfer students tested, the University did not add the student to its NSLDS Transfer Monitoring List as required. Identification as a Repeat Finding: There was no similar finding identified during the prior year. Recommendation: We recommend the University enhance its procedures over transfer monitoring to ensure that all mid-year transfer students are added to the NSLDS Transfer Monitoring List. Views of Responsible Officials: Going forward, this has been corrected using ?Tasks? in PowerFAIDS, which will identify mid-year transfer students, alerting the financial aid staff to enter the student into the ?NSLDS Mid-Year Transfer? section in PowerFAIDS and transmitting the file to NSLDS.
Finding 2022-001
Federal Program Information: Student Financial Assistance Cluster (Various ALN?s) Criteria or Specific Requirement: N. Special Test and Provisions ? Disbursements To or On Behalf of Students ? Direct Loan ? If a student received financial aid while attending one or more other institutions, schools are required to request financial aid history using the National Student Loan Data System (NSLDS) Student Transfer Monitoring Process. Under this process, a school informs NSLDS about its transfer students. NSLDS will ?monitor? those students on the school?s ?inform? list and ?alert? the school of any relevant financial aid history changes. A school must wait 7 days after it ?informs? NSLDS about a transfer student before disbursing Title IV aid to that student (34 CFR 668.19). Condition: The University did not inform NSLDS of a certain transfer student. Cause: Administrative oversight. Effect or Potential Effect: The University did not follow the NSLDS Student Transfer Monitoring Process. Questioned Costs: None. Context: For 1 of 6 transfer students tested, the University did not add the student to its NSLDS Transfer Monitoring List as required. Identification as a Repeat Finding: There was no similar finding identified during the prior year. Recommendation: We recommend the University enhance its procedures over transfer monitoring to ensure that all mid-year transfer students are added to the NSLDS Transfer Monitoring List. Views of Responsible Officials: Going forward, this has been corrected using ?Tasks? in PowerFAIDS, which will identify mid-year transfer students, alerting the financial aid staff to enter the student into the ?NSLDS Mid-Year Transfer? section in PowerFAIDS and transmitting the file to NSLDS.
Finding 2022-001
Federal Program Information: Student Financial Assistance Cluster (Various ALN?s) Criteria or Specific Requirement: N. Special Test and Provisions ? Disbursements To or On Behalf of Students ? Direct Loan ? If a student received financial aid while attending one or more other institutions, schools are required to request financial aid history using the National Student Loan Data System (NSLDS) Student Transfer Monitoring Process. Under this process, a school informs NSLDS about its transfer students. NSLDS will ?monitor? those students on the school?s ?inform? list and ?alert? the school of any relevant financial aid history changes. A school must wait 7 days after it ?informs? NSLDS about a transfer student before disbursing Title IV aid to that student (34 CFR 668.19). Condition: The University did not inform NSLDS of a certain transfer student. Cause: Administrative oversight. Effect or Potential Effect: The University did not follow the NSLDS Student Transfer Monitoring Process. Questioned Costs: None. Context: For 1 of 6 transfer students tested, the University did not add the student to its NSLDS Transfer Monitoring List as required. Identification as a Repeat Finding: There was no similar finding identified during the prior year. Recommendation: We recommend the University enhance its procedures over transfer monitoring to ensure that all mid-year transfer students are added to the NSLDS Transfer Monitoring List. Views of Responsible Officials: Going forward, this has been corrected using ?Tasks? in PowerFAIDS, which will identify mid-year transfer students, alerting the financial aid staff to enter the student into the ?NSLDS Mid-Year Transfer? section in PowerFAIDS and transmitting the file to NSLDS.
Finding 2022-001
Federal Program Information: Student Financial Assistance Cluster (Various ALN?s) Criteria or Specific Requirement: N. Special Test and Provisions ? Disbursements To or On Behalf of Students ? Direct Loan ? If a student received financial aid while attending one or more other institutions, schools are required to request financial aid history using the National Student Loan Data System (NSLDS) Student Transfer Monitoring Process. Under this process, a school informs NSLDS about its transfer students. NSLDS will ?monitor? those students on the school?s ?inform? list and ?alert? the school of any relevant financial aid history changes. A school must wait 7 days after it ?informs? NSLDS about a transfer student before disbursing Title IV aid to that student (34 CFR 668.19). Condition: The University did not inform NSLDS of a certain transfer student. Cause: Administrative oversight. Effect or Potential Effect: The University did not follow the NSLDS Student Transfer Monitoring Process. Questioned Costs: None. Context: For 1 of 6 transfer students tested, the University did not add the student to its NSLDS Transfer Monitoring List as required. Identification as a Repeat Finding: There was no similar finding identified during the prior year. Recommendation: We recommend the University enhance its procedures over transfer monitoring to ensure that all mid-year transfer students are added to the NSLDS Transfer Monitoring List. Views of Responsible Officials: Going forward, this has been corrected using ?Tasks? in PowerFAIDS, which will identify mid-year transfer students, alerting the financial aid staff to enter the student into the ?NSLDS Mid-Year Transfer? section in PowerFAIDS and transmitting the file to NSLDS.
Finding 2022-001
Federal Program Information: Student Financial Assistance Cluster (Various ALN?s) Criteria or Specific Requirement: N. Special Test and Provisions ? Disbursements To or On Behalf of Students ? Direct Loan ? If a student received financial aid while attending one or more other institutions, schools are required to request financial aid history using the National Student Loan Data System (NSLDS) Student Transfer Monitoring Process. Under this process, a school informs NSLDS about its transfer students. NSLDS will ?monitor? those students on the school?s ?inform? list and ?alert? the school of any relevant financial aid history changes. A school must wait 7 days after it ?informs? NSLDS about a transfer student before disbursing Title IV aid to that student (34 CFR 668.19). Condition: The University did not inform NSLDS of a certain transfer student. Cause: Administrative oversight. Effect or Potential Effect: The University did not follow the NSLDS Student Transfer Monitoring Process. Questioned Costs: None. Context: For 1 of 6 transfer students tested, the University did not add the student to its NSLDS Transfer Monitoring List as required. Identification as a Repeat Finding: There was no similar finding identified during the prior year. Recommendation: We recommend the University enhance its procedures over transfer monitoring to ensure that all mid-year transfer students are added to the NSLDS Transfer Monitoring List. Views of Responsible Officials: Going forward, this has been corrected using ?Tasks? in PowerFAIDS, which will identify mid-year transfer students, alerting the financial aid staff to enter the student into the ?NSLDS Mid-Year Transfer? section in PowerFAIDS and transmitting the file to NSLDS.
Finding 2022-001
Federal Program Information: Student Financial Assistance Cluster (Various ALN?s) Criteria or Specific Requirement: N. Special Test and Provisions ? Disbursements To or On Behalf of Students ? Direct Loan ? If a student received financial aid while attending one or more other institutions, schools are required to request financial aid history using the National Student Loan Data System (NSLDS) Student Transfer Monitoring Process. Under this process, a school informs NSLDS about its transfer students. NSLDS will ?monitor? those students on the school?s ?inform? list and ?alert? the school of any relevant financial aid history changes. A school must wait 7 days after it ?informs? NSLDS about a transfer student before disbursing Title IV aid to that student (34 CFR 668.19). Condition: The University did not inform NSLDS of a certain transfer student. Cause: Administrative oversight. Effect or Potential Effect: The University did not follow the NSLDS Student Transfer Monitoring Process. Questioned Costs: None. Context: For 1 of 6 transfer students tested, the University did not add the student to its NSLDS Transfer Monitoring List as required. Identification as a Repeat Finding: There was no similar finding identified during the prior year. Recommendation: We recommend the University enhance its procedures over transfer monitoring to ensure that all mid-year transfer students are added to the NSLDS Transfer Monitoring List. Views of Responsible Officials: Going forward, this has been corrected using ?Tasks? in PowerFAIDS, which will identify mid-year transfer students, alerting the financial aid staff to enter the student into the ?NSLDS Mid-Year Transfer? section in PowerFAIDS and transmitting the file to NSLDS.
Finding 2022-001
Federal Program Information: Student Financial Assistance Cluster (Various ALN?s) Criteria or Specific Requirement: N. Special Test and Provisions ? Disbursements To or On Behalf of Students ? Direct Loan ? If a student received financial aid while attending one or more other institutions, schools are required to request financial aid history using the National Student Loan Data System (NSLDS) Student Transfer Monitoring Process. Under this process, a school informs NSLDS about its transfer students. NSLDS will ?monitor? those students on the school?s ?inform? list and ?alert? the school of any relevant financial aid history changes. A school must wait 7 days after it ?informs? NSLDS about a transfer student before disbursing Title IV aid to that student (34 CFR 668.19). Condition: The University did not inform NSLDS of a certain transfer student. Cause: Administrative oversight. Effect or Potential Effect: The University did not follow the NSLDS Student Transfer Monitoring Process. Questioned Costs: None. Context: For 1 of 6 transfer students tested, the University did not add the student to its NSLDS Transfer Monitoring List as required. Identification as a Repeat Finding: There was no similar finding identified during the prior year. Recommendation: We recommend the University enhance its procedures over transfer monitoring to ensure that all mid-year transfer students are added to the NSLDS Transfer Monitoring List. Views of Responsible Officials: Going forward, this has been corrected using ?Tasks? in PowerFAIDS, which will identify mid-year transfer students, alerting the financial aid staff to enter the student into the ?NSLDS Mid-Year Transfer? section in PowerFAIDS and transmitting the file to NSLDS.
Finding 2022-001
Federal Program Information: Student Financial Assistance Cluster (Various ALN?s) Criteria or Specific Requirement: N. Special Test and Provisions ? Disbursements To or On Behalf of Students ? Direct Loan ? If a student received financial aid while attending one or more other institutions, schools are required to request financial aid history using the National Student Loan Data System (NSLDS) Student Transfer Monitoring Process. Under this process, a school informs NSLDS about its transfer students. NSLDS will ?monitor? those students on the school?s ?inform? list and ?alert? the school of any relevant financial aid history changes. A school must wait 7 days after it ?informs? NSLDS about a transfer student before disbursing Title IV aid to that student (34 CFR 668.19). Condition: The University did not inform NSLDS of a certain transfer student. Cause: Administrative oversight. Effect or Potential Effect: The University did not follow the NSLDS Student Transfer Monitoring Process. Questioned Costs: None. Context: For 1 of 6 transfer students tested, the University did not add the student to its NSLDS Transfer Monitoring List as required. Identification as a Repeat Finding: There was no similar finding identified during the prior year. Recommendation: We recommend the University enhance its procedures over transfer monitoring to ensure that all mid-year transfer students are added to the NSLDS Transfer Monitoring List. Views of Responsible Officials: Going forward, this has been corrected using ?Tasks? in PowerFAIDS, which will identify mid-year transfer students, alerting the financial aid staff to enter the student into the ?NSLDS Mid-Year Transfer? section in PowerFAIDS and transmitting the file to NSLDS.