FAC Explorer

Audit 46412

FY End
2022-06-30
Total Expended
$6.46M
Findings
4
Programs
6
Organization: Calumet College of St. Joseph (IN)
Year: 2022 Accepted: 2023-02-21
Auditor: Rsm US LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
48946 2022-001 Significant Deficiency - I
48947 2022-001 Significant Deficiency - I
625388 2022-001 Significant Deficiency - I
625389 2022-001 Significant Deficiency - I

Programs

ALN Program Spent Major Findings
84.268 Federal Direct Student Loans $2.73M - 0
84.063 Federal Pell Grant Program $1.31M - 0
84.031 Hispanic-Serving Institutions - Science, Technology, Engineering, Or Mathematics and Articulation Programs $584,225 Yes 1
84.425 Education Stabilization Fund $153,929 Yes 0
84.007 Federal Supplemental Educational Opportunity Grants $72,396 - 0
84.033 Federal Work-Study Program $51,975 - 0

Contacts

Name Title Type
MGE9NF4R7B34 Lynn Miskus Auditee
2194734310 Craig Wories Auditor
No contacts on file

Notes to SEFA

Title: Note 1. Basis of Presentation Accounting Policies: Note 2: Summary of Significant Accounting Policies The Schedule has been prepared using the accrual basis of accounting. Such expenditures 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. Negative amounts, if any, shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. No funds were identified as having been provided to subrecipients by Calumet College of St. Joseph under the meaning of Sections 200.92 and 200.93 of Title 2 CFR Part 200 and, accordingly, no funds identified in the schedule are attributable to subrecipient entities as required under Section 200.330(a) of Title 2 CFR Part 200. Calumet College of St. Joseph does not participate in the Perkins loan program De Minimis Rate Used: N Rate Explanation: The College has elected not to use the 10% de minimis indirect cost rate as allowed under the UniformGuidance. The indirect cost rate used to allocate to grant programs during the fiscal year ended June 30,2022, is based on a federally negotiated institution for higher education rate agreement. The accompanying schedule of expenditures of federal awards (the Schedule) includes the federalawards activity of Calumet College of St. Joseph under programs of the federal government for the yearended June 30, 2022. The information in this Schedule is presented in accordance with the requirementsof Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, CostPrinciples, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedulepresents only a selected portion of the operations of Calumet College of St. Joseph, it is not intended toand does not present the financial position, changes in net assets, or cash flows of Calumet College of St.Joseph. All programs are for the contract period July 1, 2021 to June 30, 2022.
Title: Note 3. Indirect Cost Rate Accounting Policies: Note 2: Summary of Significant Accounting Policies The Schedule has been prepared using the accrual basis of accounting. Such expenditures 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. Negative amounts, if any, shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. No funds were identified as having been provided to subrecipients by Calumet College of St. Joseph under the meaning of Sections 200.92 and 200.93 of Title 2 CFR Part 200 and, accordingly, no funds identified in the schedule are attributable to subrecipient entities as required under Section 200.330(a) of Title 2 CFR Part 200. Calumet College of St. Joseph does not participate in the Perkins loan program De Minimis Rate Used: N Rate Explanation: The College has elected not to use the 10% de minimis indirect cost rate as allowed under the UniformGuidance. The indirect cost rate used to allocate to grant programs during the fiscal year ended June 30,2022, is based on a federally negotiated institution for higher education rate agreement. The College has elected not to use the 10% de minimis indirect cost rate as allowed under the UniformGuidance. The indirect cost rate used to allocate to grant programs during the fiscal year ended June 30,2022, is based on a federally negotiated institution for higher education rate agreement.
Title: Note 2. Summary of Significant Accounting Policies Accounting Policies: Note 2: Summary of Significant Accounting Policies The Schedule has been prepared using the accrual basis of accounting. Such expenditures 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. Negative amounts, if any, shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. No funds were identified as having been provided to subrecipients by Calumet College of St. Joseph under the meaning of Sections 200.92 and 200.93 of Title 2 CFR Part 200 and, accordingly, no funds identified in the schedule are attributable to subrecipient entities as required under Section 200.330(a) of Title 2 CFR Part 200. Calumet College of St. Joseph does not participate in the Perkins loan program De Minimis Rate Used: N Rate Explanation: The College has elected not to use the 10% de minimis indirect cost rate as allowed under the UniformGuidance. The indirect cost rate used to allocate to grant programs during the fiscal year ended June 30,2022, is based on a federally negotiated institution for higher education rate agreement. The Schedule has been prepared using the accrual basis of accounting. Such expenditures arerecognized following the cost principles contained in the Uniform Guidance, wherein certain types ofexpenditures are not allowable or are limited as to reimbursement. Negative amounts, if any, shown onthe Schedule represent adjustments or credits made in the normal course of business to amountsreported as expenditures in prior years.No funds were identified as having been provided to subrecipients by Calumet College of St. Josephunder the meaning of Sections 200.92 and 200.93 of Title 2 CFR Part 200 and, accordingly, no fundsidentified in the schedule are attributable to subrecipient entities as required under Section 200.330(a) ofTitle 2 CFR Part 200. Calumet College of St. Joseph does not participate in the Perkins loan program
Title: Note 4. Insurance Accounting Policies: Note 2: Summary of Significant Accounting Policies The Schedule has been prepared using the accrual basis of accounting. Such expenditures 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. Negative amounts, if any, shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. No funds were identified as having been provided to subrecipients by Calumet College of St. Joseph under the meaning of Sections 200.92 and 200.93 of Title 2 CFR Part 200 and, accordingly, no funds identified in the schedule are attributable to subrecipient entities as required under Section 200.330(a) of Title 2 CFR Part 200. Calumet College of St. Joseph does not participate in the Perkins loan program De Minimis Rate Used: N Rate Explanation: The College has elected not to use the 10% de minimis indirect cost rate as allowed under the UniformGuidance. The indirect cost rate used to allocate to grant programs during the fiscal year ended June 30,2022, is based on a federally negotiated institution for higher education rate agreement. Calumet College of St. Joseph maintains property and liability insurance which management believes issufficient to meet its needs. None of the insurance coverages are directly funded by federal awards.
Title: Note 5. Noncash Assistance Accounting Policies: Note 2: Summary of Significant Accounting Policies The Schedule has been prepared using the accrual basis of accounting. Such expenditures 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. Negative amounts, if any, shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. No funds were identified as having been provided to subrecipients by Calumet College of St. Joseph under the meaning of Sections 200.92 and 200.93 of Title 2 CFR Part 200 and, accordingly, no funds identified in the schedule are attributable to subrecipient entities as required under Section 200.330(a) of Title 2 CFR Part 200. Calumet College of St. Joseph does not participate in the Perkins loan program De Minimis Rate Used: N Rate Explanation: The College has elected not to use the 10% de minimis indirect cost rate as allowed under the UniformGuidance. The indirect cost rate used to allocate to grant programs during the fiscal year ended June 30,2022, is based on a federally negotiated institution for higher education rate agreement. There was no noncash assistance received by Calumet College of St. Joseph related to federal awardsduring the year ended June 30, 2022.

Finding Details

Finding 2022-001
Finding 2022-01 ? Procurement, Suspension and Debarment Policy U.S. Department of Education Program (ED) Federal Program ? Hispanic-Serving Institutions - Science, Technology, Engineering, or Mathematics (HSI-STEM) and Articulation Programs (84.031C) Finding: The College does not have a formal written procurement, suspension and debarment policy that encompasses all required procurement standards set out in 2 CFR Sections 200.318 through 200.326. The policy is required under Uniform Guidance for direct purchases under the federal program. Criteria: Per 2 CFR 200.303, the College must establish and maintain effective internal controls over federal awards that provide reasonable assurance that it is managing federal awards in compliance with federal statutes, regulations and provisions of contracts or grant agreements that could have a material effect on each of its federal programs. Non-federal entities other than states, must follow procurement standards set out in 2 CFR Sections 200.318 through 200.326. Entities must use their own documented procurement procedures, which reflect applicable state and local laws and regulations, provided that the procurements conform to applicable federal statutes and the procurement requirements identified in 2 CFR part 200. Condition: The College did not have a procurement, suspension and debarment policy that complied with federal requirements in place at the time they expended funds under the HSI-STEM program. Cause: The federal funds received and expended during the year were new to the College during the 2021-2022 award year. In recent years, the other programs the College has participated in did not allow for direct purchases or include procurement as a material compliance requirement. Although the College did not have a written procurement, suspension and debarment policy in place, it did have documented approval limits for expenses made over certain dollar amounts to ensure purchases are made within authority limits and followed its established procurement procedures. Effect: The College did not comply with certain applicable federal regulations that could result in the loss of future federal funding. Questioned Costs: There were no questioned costs identified. Repeat Finding: This is not a repeat finding. Recommendation: The College should create a written procurement, suspension and debarment policy to ensure expenditures made with federal funds conform to applicable federal regulations. Views of responsible officials: Management agrees with this finding and will implement the recommendation. See Corrective Action Plan.
Finding 2022-001
Finding 2022-01 ? Procurement, Suspension and Debarment Policy U.S. Department of Education Program (ED) Federal Program ? Hispanic-Serving Institutions - Science, Technology, Engineering, or Mathematics (HSI-STEM) and Articulation Programs (84.031C) Finding: The College does not have a formal written procurement, suspension and debarment policy that encompasses all required procurement standards set out in 2 CFR Sections 200.318 through 200.326. The policy is required under Uniform Guidance for direct purchases under the federal program. Criteria: Per 2 CFR 200.303, the College must establish and maintain effective internal controls over federal awards that provide reasonable assurance that it is managing federal awards in compliance with federal statutes, regulations and provisions of contracts or grant agreements that could have a material effect on each of its federal programs. Non-federal entities other than states, must follow procurement standards set out in 2 CFR Sections 200.318 through 200.326. Entities must use their own documented procurement procedures, which reflect applicable state and local laws and regulations, provided that the procurements conform to applicable federal statutes and the procurement requirements identified in 2 CFR part 200. Condition: The College did not have a procurement, suspension and debarment policy that complied with federal requirements in place at the time they expended funds under the HSI-STEM program. Cause: The federal funds received and expended during the year were new to the College during the 2021-2022 award year. In recent years, the other programs the College has participated in did not allow for direct purchases or include procurement as a material compliance requirement. Although the College did not have a written procurement, suspension and debarment policy in place, it did have documented approval limits for expenses made over certain dollar amounts to ensure purchases are made within authority limits and followed its established procurement procedures. Effect: The College did not comply with certain applicable federal regulations that could result in the loss of future federal funding. Questioned Costs: There were no questioned costs identified. Repeat Finding: This is not a repeat finding. Recommendation: The College should create a written procurement, suspension and debarment policy to ensure expenditures made with federal funds conform to applicable federal regulations. Views of responsible officials: Management agrees with this finding and will implement the recommendation. See Corrective Action Plan.
Finding 2022-001
Finding 2022-01 ? Procurement, Suspension and Debarment Policy U.S. Department of Education Program (ED) Federal Program ? Hispanic-Serving Institutions - Science, Technology, Engineering, or Mathematics (HSI-STEM) and Articulation Programs (84.031C) Finding: The College does not have a formal written procurement, suspension and debarment policy that encompasses all required procurement standards set out in 2 CFR Sections 200.318 through 200.326. The policy is required under Uniform Guidance for direct purchases under the federal program. Criteria: Per 2 CFR 200.303, the College must establish and maintain effective internal controls over federal awards that provide reasonable assurance that it is managing federal awards in compliance with federal statutes, regulations and provisions of contracts or grant agreements that could have a material effect on each of its federal programs. Non-federal entities other than states, must follow procurement standards set out in 2 CFR Sections 200.318 through 200.326. Entities must use their own documented procurement procedures, which reflect applicable state and local laws and regulations, provided that the procurements conform to applicable federal statutes and the procurement requirements identified in 2 CFR part 200. Condition: The College did not have a procurement, suspension and debarment policy that complied with federal requirements in place at the time they expended funds under the HSI-STEM program. Cause: The federal funds received and expended during the year were new to the College during the 2021-2022 award year. In recent years, the other programs the College has participated in did not allow for direct purchases or include procurement as a material compliance requirement. Although the College did not have a written procurement, suspension and debarment policy in place, it did have documented approval limits for expenses made over certain dollar amounts to ensure purchases are made within authority limits and followed its established procurement procedures. Effect: The College did not comply with certain applicable federal regulations that could result in the loss of future federal funding. Questioned Costs: There were no questioned costs identified. Repeat Finding: This is not a repeat finding. Recommendation: The College should create a written procurement, suspension and debarment policy to ensure expenditures made with federal funds conform to applicable federal regulations. Views of responsible officials: Management agrees with this finding and will implement the recommendation. See Corrective Action Plan.
Finding 2022-001
Finding 2022-01 ? Procurement, Suspension and Debarment Policy U.S. Department of Education Program (ED) Federal Program ? Hispanic-Serving Institutions - Science, Technology, Engineering, or Mathematics (HSI-STEM) and Articulation Programs (84.031C) Finding: The College does not have a formal written procurement, suspension and debarment policy that encompasses all required procurement standards set out in 2 CFR Sections 200.318 through 200.326. The policy is required under Uniform Guidance for direct purchases under the federal program. Criteria: Per 2 CFR 200.303, the College must establish and maintain effective internal controls over federal awards that provide reasonable assurance that it is managing federal awards in compliance with federal statutes, regulations and provisions of contracts or grant agreements that could have a material effect on each of its federal programs. Non-federal entities other than states, must follow procurement standards set out in 2 CFR Sections 200.318 through 200.326. Entities must use their own documented procurement procedures, which reflect applicable state and local laws and regulations, provided that the procurements conform to applicable federal statutes and the procurement requirements identified in 2 CFR part 200. Condition: The College did not have a procurement, suspension and debarment policy that complied with federal requirements in place at the time they expended funds under the HSI-STEM program. Cause: The federal funds received and expended during the year were new to the College during the 2021-2022 award year. In recent years, the other programs the College has participated in did not allow for direct purchases or include procurement as a material compliance requirement. Although the College did not have a written procurement, suspension and debarment policy in place, it did have documented approval limits for expenses made over certain dollar amounts to ensure purchases are made within authority limits and followed its established procurement procedures. Effect: The College did not comply with certain applicable federal regulations that could result in the loss of future federal funding. Questioned Costs: There were no questioned costs identified. Repeat Finding: This is not a repeat finding. Recommendation: The College should create a written procurement, suspension and debarment policy to ensure expenditures made with federal funds conform to applicable federal regulations. Views of responsible officials: Management agrees with this finding and will implement the recommendation. See Corrective Action Plan.