Audit 48236

FY End
2022-06-30
Total Expended
$17.67M
Findings
12
Programs
24
Organization: Rock Valley College (IL)
Year: 2022 Accepted: 2023-01-03
Auditor: Sikich LLP

Organization Exclusion Status:

Checking exclusion status...

Findings

ID Ref Severity Repeat Requirement
50296 2022-001 - - L
50297 2022-001 - - L
50298 2022-001 - - L
50299 2022-001 - - L
50300 2022-001 - - L
50301 2022-001 - - L
626738 2022-001 - - L
626739 2022-001 - - L
626740 2022-001 - - L
626741 2022-001 - - L
626742 2022-001 - - L
626743 2022-001 - - L

Programs

Contacts

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

Notes to SEFA

Title: 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 Colleges 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 auditee did not use the de minimis cost rate. For the year ended June 30, 2022, the College acted as a pass-through agency for Federal Direct Stafford and PLUS Loans (subsidized and unsubsidized) to students in the amount of $970,972.
Title: 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 Colleges 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 auditee did not use the de minimis 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

2022-001: Improper Reporting of Enrollment Status?s to the National Student Clearinghouse - Student Financial Aid Cluster -Assistance Listing Number 84.007, 84.033, 84.063, and 84.268 - Year Ended June 30, 2022 Criteria: According to 34 CFR 685.309 (b), schools must update enrollment data for students and report to the Secretary in a manner of prescribed format within the required timeframe of sixty days after a student has graduated, ceased attendance or enrolled less than half-time. Condition: During our Enrollment Status Changes testing, we selected forty students for our sample. In our sample of forty we tested twenty graduated students to verify that they were reported within sixty days and we tested twenty current students to note that their student status is reported correctly. We noted that the College did not submit two of the forty students to the Clearinghouse website. We consider this finding to be an instance of noncompliance relating to the Reporting Compliance Requirement. Statistical sampling was not used in making sample selections. Questioned Costs: $0 Effect: A student who was three quarter time and another that was half time for the Fall 2021 term were not reported to the National Student Clearinghouse. Cause: While the College was reporting to the Clearinghouse, they made the error of not reporting two students enrollment. Recommendation: We recommend the College continue to work with the department responsible for the enrollment status submissions to ensure that accurate reporting to the National Student Clearinghouse continues. Views of Responsible Officials: Management agrees with this finding and response is included in Corrective Action Plan.
2022-001: Improper Reporting of Enrollment Status?s to the National Student Clearinghouse - Student Financial Aid Cluster -Assistance Listing Number 84.007, 84.033, 84.063, and 84.268 - Year Ended June 30, 2022 Criteria: According to 34 CFR 685.309 (b), schools must update enrollment data for students and report to the Secretary in a manner of prescribed format within the required timeframe of sixty days after a student has graduated, ceased attendance or enrolled less than half-time. Condition: During our Enrollment Status Changes testing, we selected forty students for our sample. In our sample of forty we tested twenty graduated students to verify that they were reported within sixty days and we tested twenty current students to note that their student status is reported correctly. We noted that the College did not submit two of the forty students to the Clearinghouse website. We consider this finding to be an instance of noncompliance relating to the Reporting Compliance Requirement. Statistical sampling was not used in making sample selections. Questioned Costs: $0 Effect: A student who was three quarter time and another that was half time for the Fall 2021 term were not reported to the National Student Clearinghouse. Cause: While the College was reporting to the Clearinghouse, they made the error of not reporting two students enrollment. Recommendation: We recommend the College continue to work with the department responsible for the enrollment status submissions to ensure that accurate reporting to the National Student Clearinghouse continues. Views of Responsible Officials: Management agrees with this finding and response is included in Corrective Action Plan.
2022-001: Improper Reporting of Enrollment Status?s to the National Student Clearinghouse - Student Financial Aid Cluster -Assistance Listing Number 84.007, 84.033, 84.063, and 84.268 - Year Ended June 30, 2022 Criteria: According to 34 CFR 685.309 (b), schools must update enrollment data for students and report to the Secretary in a manner of prescribed format within the required timeframe of sixty days after a student has graduated, ceased attendance or enrolled less than half-time. Condition: During our Enrollment Status Changes testing, we selected forty students for our sample. In our sample of forty we tested twenty graduated students to verify that they were reported within sixty days and we tested twenty current students to note that their student status is reported correctly. We noted that the College did not submit two of the forty students to the Clearinghouse website. We consider this finding to be an instance of noncompliance relating to the Reporting Compliance Requirement. Statistical sampling was not used in making sample selections. Questioned Costs: $0 Effect: A student who was three quarter time and another that was half time for the Fall 2021 term were not reported to the National Student Clearinghouse. Cause: While the College was reporting to the Clearinghouse, they made the error of not reporting two students enrollment. Recommendation: We recommend the College continue to work with the department responsible for the enrollment status submissions to ensure that accurate reporting to the National Student Clearinghouse continues. Views of Responsible Officials: Management agrees with this finding and response is included in Corrective Action Plan.
2022-001: Improper Reporting of Enrollment Status?s to the National Student Clearinghouse - Student Financial Aid Cluster -Assistance Listing Number 84.007, 84.033, 84.063, and 84.268 - Year Ended June 30, 2022 Criteria: According to 34 CFR 685.309 (b), schools must update enrollment data for students and report to the Secretary in a manner of prescribed format within the required timeframe of sixty days after a student has graduated, ceased attendance or enrolled less than half-time. Condition: During our Enrollment Status Changes testing, we selected forty students for our sample. In our sample of forty we tested twenty graduated students to verify that they were reported within sixty days and we tested twenty current students to note that their student status is reported correctly. We noted that the College did not submit two of the forty students to the Clearinghouse website. We consider this finding to be an instance of noncompliance relating to the Reporting Compliance Requirement. Statistical sampling was not used in making sample selections. Questioned Costs: $0 Effect: A student who was three quarter time and another that was half time for the Fall 2021 term were not reported to the National Student Clearinghouse. Cause: While the College was reporting to the Clearinghouse, they made the error of not reporting two students enrollment. Recommendation: We recommend the College continue to work with the department responsible for the enrollment status submissions to ensure that accurate reporting to the National Student Clearinghouse continues. Views of Responsible Officials: Management agrees with this finding and response is included in Corrective Action Plan.
2022-001: Improper Reporting of Enrollment Status?s to the National Student Clearinghouse - Student Financial Aid Cluster -Assistance Listing Number 84.007, 84.033, 84.063, and 84.268 - Year Ended June 30, 2022 Criteria: According to 34 CFR 685.309 (b), schools must update enrollment data for students and report to the Secretary in a manner of prescribed format within the required timeframe of sixty days after a student has graduated, ceased attendance or enrolled less than half-time. Condition: During our Enrollment Status Changes testing, we selected forty students for our sample. In our sample of forty we tested twenty graduated students to verify that they were reported within sixty days and we tested twenty current students to note that their student status is reported correctly. We noted that the College did not submit two of the forty students to the Clearinghouse website. We consider this finding to be an instance of noncompliance relating to the Reporting Compliance Requirement. Statistical sampling was not used in making sample selections. Questioned Costs: $0 Effect: A student who was three quarter time and another that was half time for the Fall 2021 term were not reported to the National Student Clearinghouse. Cause: While the College was reporting to the Clearinghouse, they made the error of not reporting two students enrollment. Recommendation: We recommend the College continue to work with the department responsible for the enrollment status submissions to ensure that accurate reporting to the National Student Clearinghouse continues. Views of Responsible Officials: Management agrees with this finding and response is included in Corrective Action Plan.
2022-001: Improper Reporting of Enrollment Status?s to the National Student Clearinghouse - Student Financial Aid Cluster -Assistance Listing Number 84.007, 84.033, 84.063, and 84.268 - Year Ended June 30, 2022 Criteria: According to 34 CFR 685.309 (b), schools must update enrollment data for students and report to the Secretary in a manner of prescribed format within the required timeframe of sixty days after a student has graduated, ceased attendance or enrolled less than half-time. Condition: During our Enrollment Status Changes testing, we selected forty students for our sample. In our sample of forty we tested twenty graduated students to verify that they were reported within sixty days and we tested twenty current students to note that their student status is reported correctly. We noted that the College did not submit two of the forty students to the Clearinghouse website. We consider this finding to be an instance of noncompliance relating to the Reporting Compliance Requirement. Statistical sampling was not used in making sample selections. Questioned Costs: $0 Effect: A student who was three quarter time and another that was half time for the Fall 2021 term were not reported to the National Student Clearinghouse. Cause: While the College was reporting to the Clearinghouse, they made the error of not reporting two students enrollment. Recommendation: We recommend the College continue to work with the department responsible for the enrollment status submissions to ensure that accurate reporting to the National Student Clearinghouse continues. Views of Responsible Officials: Management agrees with this finding and response is included in Corrective Action Plan.
2022-001: Improper Reporting of Enrollment Status?s to the National Student Clearinghouse - Student Financial Aid Cluster -Assistance Listing Number 84.007, 84.033, 84.063, and 84.268 - Year Ended June 30, 2022 Criteria: According to 34 CFR 685.309 (b), schools must update enrollment data for students and report to the Secretary in a manner of prescribed format within the required timeframe of sixty days after a student has graduated, ceased attendance or enrolled less than half-time. Condition: During our Enrollment Status Changes testing, we selected forty students for our sample. In our sample of forty we tested twenty graduated students to verify that they were reported within sixty days and we tested twenty current students to note that their student status is reported correctly. We noted that the College did not submit two of the forty students to the Clearinghouse website. We consider this finding to be an instance of noncompliance relating to the Reporting Compliance Requirement. Statistical sampling was not used in making sample selections. Questioned Costs: $0 Effect: A student who was three quarter time and another that was half time for the Fall 2021 term were not reported to the National Student Clearinghouse. Cause: While the College was reporting to the Clearinghouse, they made the error of not reporting two students enrollment. Recommendation: We recommend the College continue to work with the department responsible for the enrollment status submissions to ensure that accurate reporting to the National Student Clearinghouse continues. Views of Responsible Officials: Management agrees with this finding and response is included in Corrective Action Plan.
2022-001: Improper Reporting of Enrollment Status?s to the National Student Clearinghouse - Student Financial Aid Cluster -Assistance Listing Number 84.007, 84.033, 84.063, and 84.268 - Year Ended June 30, 2022 Criteria: According to 34 CFR 685.309 (b), schools must update enrollment data for students and report to the Secretary in a manner of prescribed format within the required timeframe of sixty days after a student has graduated, ceased attendance or enrolled less than half-time. Condition: During our Enrollment Status Changes testing, we selected forty students for our sample. In our sample of forty we tested twenty graduated students to verify that they were reported within sixty days and we tested twenty current students to note that their student status is reported correctly. We noted that the College did not submit two of the forty students to the Clearinghouse website. We consider this finding to be an instance of noncompliance relating to the Reporting Compliance Requirement. Statistical sampling was not used in making sample selections. Questioned Costs: $0 Effect: A student who was three quarter time and another that was half time for the Fall 2021 term were not reported to the National Student Clearinghouse. Cause: While the College was reporting to the Clearinghouse, they made the error of not reporting two students enrollment. Recommendation: We recommend the College continue to work with the department responsible for the enrollment status submissions to ensure that accurate reporting to the National Student Clearinghouse continues. Views of Responsible Officials: Management agrees with this finding and response is included in Corrective Action Plan.
2022-001: Improper Reporting of Enrollment Status?s to the National Student Clearinghouse - Student Financial Aid Cluster -Assistance Listing Number 84.007, 84.033, 84.063, and 84.268 - Year Ended June 30, 2022 Criteria: According to 34 CFR 685.309 (b), schools must update enrollment data for students and report to the Secretary in a manner of prescribed format within the required timeframe of sixty days after a student has graduated, ceased attendance or enrolled less than half-time. Condition: During our Enrollment Status Changes testing, we selected forty students for our sample. In our sample of forty we tested twenty graduated students to verify that they were reported within sixty days and we tested twenty current students to note that their student status is reported correctly. We noted that the College did not submit two of the forty students to the Clearinghouse website. We consider this finding to be an instance of noncompliance relating to the Reporting Compliance Requirement. Statistical sampling was not used in making sample selections. Questioned Costs: $0 Effect: A student who was three quarter time and another that was half time for the Fall 2021 term were not reported to the National Student Clearinghouse. Cause: While the College was reporting to the Clearinghouse, they made the error of not reporting two students enrollment. Recommendation: We recommend the College continue to work with the department responsible for the enrollment status submissions to ensure that accurate reporting to the National Student Clearinghouse continues. Views of Responsible Officials: Management agrees with this finding and response is included in Corrective Action Plan.
2022-001: Improper Reporting of Enrollment Status?s to the National Student Clearinghouse - Student Financial Aid Cluster -Assistance Listing Number 84.007, 84.033, 84.063, and 84.268 - Year Ended June 30, 2022 Criteria: According to 34 CFR 685.309 (b), schools must update enrollment data for students and report to the Secretary in a manner of prescribed format within the required timeframe of sixty days after a student has graduated, ceased attendance or enrolled less than half-time. Condition: During our Enrollment Status Changes testing, we selected forty students for our sample. In our sample of forty we tested twenty graduated students to verify that they were reported within sixty days and we tested twenty current students to note that their student status is reported correctly. We noted that the College did not submit two of the forty students to the Clearinghouse website. We consider this finding to be an instance of noncompliance relating to the Reporting Compliance Requirement. Statistical sampling was not used in making sample selections. Questioned Costs: $0 Effect: A student who was three quarter time and another that was half time for the Fall 2021 term were not reported to the National Student Clearinghouse. Cause: While the College was reporting to the Clearinghouse, they made the error of not reporting two students enrollment. Recommendation: We recommend the College continue to work with the department responsible for the enrollment status submissions to ensure that accurate reporting to the National Student Clearinghouse continues. Views of Responsible Officials: Management agrees with this finding and response is included in Corrective Action Plan.
2022-001: Improper Reporting of Enrollment Status?s to the National Student Clearinghouse - Student Financial Aid Cluster -Assistance Listing Number 84.007, 84.033, 84.063, and 84.268 - Year Ended June 30, 2022 Criteria: According to 34 CFR 685.309 (b), schools must update enrollment data for students and report to the Secretary in a manner of prescribed format within the required timeframe of sixty days after a student has graduated, ceased attendance or enrolled less than half-time. Condition: During our Enrollment Status Changes testing, we selected forty students for our sample. In our sample of forty we tested twenty graduated students to verify that they were reported within sixty days and we tested twenty current students to note that their student status is reported correctly. We noted that the College did not submit two of the forty students to the Clearinghouse website. We consider this finding to be an instance of noncompliance relating to the Reporting Compliance Requirement. Statistical sampling was not used in making sample selections. Questioned Costs: $0 Effect: A student who was three quarter time and another that was half time for the Fall 2021 term were not reported to the National Student Clearinghouse. Cause: While the College was reporting to the Clearinghouse, they made the error of not reporting two students enrollment. Recommendation: We recommend the College continue to work with the department responsible for the enrollment status submissions to ensure that accurate reporting to the National Student Clearinghouse continues. Views of Responsible Officials: Management agrees with this finding and response is included in Corrective Action Plan.
2022-001: Improper Reporting of Enrollment Status?s to the National Student Clearinghouse - Student Financial Aid Cluster -Assistance Listing Number 84.007, 84.033, 84.063, and 84.268 - Year Ended June 30, 2022 Criteria: According to 34 CFR 685.309 (b), schools must update enrollment data for students and report to the Secretary in a manner of prescribed format within the required timeframe of sixty days after a student has graduated, ceased attendance or enrolled less than half-time. Condition: During our Enrollment Status Changes testing, we selected forty students for our sample. In our sample of forty we tested twenty graduated students to verify that they were reported within sixty days and we tested twenty current students to note that their student status is reported correctly. We noted that the College did not submit two of the forty students to the Clearinghouse website. We consider this finding to be an instance of noncompliance relating to the Reporting Compliance Requirement. Statistical sampling was not used in making sample selections. Questioned Costs: $0 Effect: A student who was three quarter time and another that was half time for the Fall 2021 term were not reported to the National Student Clearinghouse. Cause: While the College was reporting to the Clearinghouse, they made the error of not reporting two students enrollment. Recommendation: We recommend the College continue to work with the department responsible for the enrollment status submissions to ensure that accurate reporting to the National Student Clearinghouse continues. Views of Responsible Officials: Management agrees with this finding and response is included in Corrective Action Plan.