FAC Explorer

Audit 49955

FY End
2022-06-30
Total Expended
$4.13M
Findings
2
Programs
4
Organization: Maranatha Baptist University (WI)
Year: 2022 Accepted: 2023-04-10
Auditor: Cliftonlarsonallen LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
41577 2022-001 Significant Deficiency - I
618019 2022-001 Significant Deficiency - I

Programs

ALN Program Spent Major Findings
84.268 Federal Direct Student Loans $1.58M Yes 0
84.063 Federal Pell Grant Program $1.14M Yes 0
84.425 Education Stabilization Fund $590,315 Yes 1
84.007 Federal Supplemental Educational Opportunity Grants $24,000 Yes 0

Contacts

Name Title Type
L87HJHLRNUA9 Donald Donovan Auditee
9202062314 Jordan Boehm Auditor
No contacts on file

Notes to SEFA

Accounting Policies: The accompanying Schedules of Expenditures of Federal and State Awards include the federal grant and state grant activity of Maranatha Baptist University (the University) and is presented on the accrual basis of accounting. The information in these schedules are presented in accordance with the requirements of the Uniform Guidance and the Wisconsin State Single Audit Guidelines. Therefore, some amounts presented in these schedules may differ from amounts presented in, or used in the preparation of, the financial statements. Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance for all awards. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.Federal and State awards include all grants, contracts, loans, and loan guarantee agreements entered into directly between the University and agencies and departments of the federal and state governments and all awards to the University by other organizations pursuant to federal and state grants, contracts, and similar agreements. The Schedules summarize expenditures by primary federal and state funding agencies. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.

Finding Details

Finding 2022-001
2022 ? 001: Suspension and Debarment Federal Agency: U.S. Department of Education Federal Program Name: Higher Education Emergency Relief Fund (COVID-19) Assistance Listing Number: 84.425F Federal Award Identification Number and Year: P425F201884-2022 Award Period: 5/6/2020 to 6/30/2023 Type of Finding: ? Significant Deficiency in Internal Control over Compliance Criteria or specific requirement: Section 200.303, Internal Controls, states that the College shall ?establish and maintain effective internal control over the Federal award that provides reasonable assurance that the non-Federal entity is managing the Federal award in compliance with Federal statutes, regulations, and the terms and conditions of the Federal award. These internal controls should be in compliance with guidance in ?Standards for Internal Control in the Federal Government? issued by the Comptroller General of the United States or the ?Internal Control Integrated Framework?, issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). Condition: The University?s policies and procedures and related internal controls did not result in the University maintaining documentation as to the individual performing the review, the date of the review, and the conclusion on whether a vendor is suspended or debarred. Questioned costs: There are no questioned costs. Context: The University did not document the internal control to document the review of suspension and debarment with obtaining evidence of compliance with the stated criteria. Cause: The University?s current policies and procedures do not include the step to document the individual performing the review, the date of the review, and the conclusion on whether a vendor has been suspended or debarred. Effect: There is a risk that the University may enter into a contract for services with a vendor who is suspended or debarred. Repeat Finding: No Recommendation: We recommend that the University document the individual performing the review, the date of the review, and the conclusion on whether a vendor is suspended or debarred based on performing the appropriate search. Views of responsible officials: There is no disagreement with the audit finding.
Finding 2022-001
2022 ? 001: Suspension and Debarment Federal Agency: U.S. Department of Education Federal Program Name: Higher Education Emergency Relief Fund (COVID-19) Assistance Listing Number: 84.425F Federal Award Identification Number and Year: P425F201884-2022 Award Period: 5/6/2020 to 6/30/2023 Type of Finding: ? Significant Deficiency in Internal Control over Compliance Criteria or specific requirement: Section 200.303, Internal Controls, states that the College shall ?establish and maintain effective internal control over the Federal award that provides reasonable assurance that the non-Federal entity is managing the Federal award in compliance with Federal statutes, regulations, and the terms and conditions of the Federal award. These internal controls should be in compliance with guidance in ?Standards for Internal Control in the Federal Government? issued by the Comptroller General of the United States or the ?Internal Control Integrated Framework?, issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). Condition: The University?s policies and procedures and related internal controls did not result in the University maintaining documentation as to the individual performing the review, the date of the review, and the conclusion on whether a vendor is suspended or debarred. Questioned costs: There are no questioned costs. Context: The University did not document the internal control to document the review of suspension and debarment with obtaining evidence of compliance with the stated criteria. Cause: The University?s current policies and procedures do not include the step to document the individual performing the review, the date of the review, and the conclusion on whether a vendor has been suspended or debarred. Effect: There is a risk that the University may enter into a contract for services with a vendor who is suspended or debarred. Repeat Finding: No Recommendation: We recommend that the University document the individual performing the review, the date of the review, and the conclusion on whether a vendor is suspended or debarred based on performing the appropriate search. Views of responsible officials: There is no disagreement with the audit finding.