2022-001. Enrollment Reporting CFDA#: 84.033, 84.007, 84.063, 84.268 Student Financial Aid Cluster Award Year: 2022 Finding Type: Material Weakness in Internal Control over Major Programs Criteria: Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) require institutions to review, update, and verify student enrollment statuses that appear on the Enrollment Reporting Roster file and to also complete and report roster files within a minimum of 60 days for student status changes to the National Student Loan Data System. Condition: There were 12 students where the University failed to timely report the status change to the National Student Loan Data System. Context: We addressed the matter with University management who is aware of the requirements of reviewing and updating roster files that appear on the Enrollment Reporting Roster file as well as the reporting requirements to the National Student Loan Data System. Effect: Failure to properly review and adhere to policies and procedures can lead to noncompliance and the misappropriation of federal funds that are not detected during the normal course of business. Cause: The lack of compliance is due to the University failing to review, update, and submit student roster files in a timely manner. Recommendation: We recommend the University review and update its policies and procedures to ensure all roster files are reviewed, updated, and submitted in a timely manner. Views of Responsible Officials and Planned Corrective Action: We concur with the finding. The University is in the process of implementing controls and procedures to ensure that all student roster files are reviewed, updated and submitted in accordance with applicable compliance requirements.
2022-001. Enrollment Reporting CFDA#: 84.033, 84.007, 84.063, 84.268 Student Financial Aid Cluster Award Year: 2022 Finding Type: Material Weakness in Internal Control over Major Programs Criteria: Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) require institutions to review, update, and verify student enrollment statuses that appear on the Enrollment Reporting Roster file and to also complete and report roster files within a minimum of 60 days for student status changes to the National Student Loan Data System. Condition: There were 12 students where the University failed to timely report the status change to the National Student Loan Data System. Context: We addressed the matter with University management who is aware of the requirements of reviewing and updating roster files that appear on the Enrollment Reporting Roster file as well as the reporting requirements to the National Student Loan Data System. Effect: Failure to properly review and adhere to policies and procedures can lead to noncompliance and the misappropriation of federal funds that are not detected during the normal course of business. Cause: The lack of compliance is due to the University failing to review, update, and submit student roster files in a timely manner. Recommendation: We recommend the University review and update its policies and procedures to ensure all roster files are reviewed, updated, and submitted in a timely manner. Views of Responsible Officials and Planned Corrective Action: We concur with the finding. The University is in the process of implementing controls and procedures to ensure that all student roster files are reviewed, updated and submitted in accordance with applicable compliance requirements.
2022-001. Enrollment Reporting CFDA#: 84.033, 84.007, 84.063, 84.268 Student Financial Aid Cluster Award Year: 2022 Finding Type: Material Weakness in Internal Control over Major Programs Criteria: Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) require institutions to review, update, and verify student enrollment statuses that appear on the Enrollment Reporting Roster file and to also complete and report roster files within a minimum of 60 days for student status changes to the National Student Loan Data System. Condition: There were 12 students where the University failed to timely report the status change to the National Student Loan Data System. Context: We addressed the matter with University management who is aware of the requirements of reviewing and updating roster files that appear on the Enrollment Reporting Roster file as well as the reporting requirements to the National Student Loan Data System. Effect: Failure to properly review and adhere to policies and procedures can lead to noncompliance and the misappropriation of federal funds that are not detected during the normal course of business. Cause: The lack of compliance is due to the University failing to review, update, and submit student roster files in a timely manner. Recommendation: We recommend the University review and update its policies and procedures to ensure all roster files are reviewed, updated, and submitted in a timely manner. Views of Responsible Officials and Planned Corrective Action: We concur with the finding. The University is in the process of implementing controls and procedures to ensure that all student roster files are reviewed, updated and submitted in accordance with applicable compliance requirements.
2022-001. Enrollment Reporting CFDA#: 84.033, 84.007, 84.063, 84.268 Student Financial Aid Cluster Award Year: 2022 Finding Type: Material Weakness in Internal Control over Major Programs Criteria: Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) require institutions to review, update, and verify student enrollment statuses that appear on the Enrollment Reporting Roster file and to also complete and report roster files within a minimum of 60 days for student status changes to the National Student Loan Data System. Condition: There were 12 students where the University failed to timely report the status change to the National Student Loan Data System. Context: We addressed the matter with University management who is aware of the requirements of reviewing and updating roster files that appear on the Enrollment Reporting Roster file as well as the reporting requirements to the National Student Loan Data System. Effect: Failure to properly review and adhere to policies and procedures can lead to noncompliance and the misappropriation of federal funds that are not detected during the normal course of business. Cause: The lack of compliance is due to the University failing to review, update, and submit student roster files in a timely manner. Recommendation: We recommend the University review and update its policies and procedures to ensure all roster files are reviewed, updated, and submitted in a timely manner. Views of Responsible Officials and Planned Corrective Action: We concur with the finding. The University is in the process of implementing controls and procedures to ensure that all student roster files are reviewed, updated and submitted in accordance with applicable compliance requirements.
2022-002. Debt Reserve Requirement CFDA#: 10.766 US Department of Agriculture (USDA) Community Facilities Block Grant Cluster Award Year: 2022 Finding Type: Significant Deficiency in Internal Control over Major Programs Criteria: Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) the University to maintain a debt reserve account related to the loans held by the USDA. Condition: The debt reserve balance was under funded by approximately $2,400. Context: We addressed the matter with University management who is aware of the requirements to maintain a proper reserve balance for the USDA loan. Effect: Failure to properly review and adhere to policies and procedures can lead to noncompliance with the requirement. Cause: The lack of compliance is due to the University failing to calculate the reserve amount and transfer of funds to the account in a timely fashion. Recommendation: We recommend the University review and update its policies and procedures to ensure the proper amount is transferred to the reserve account each month. Views of Responsible Officials and Planned Corrective Action: We concur with the finding. The University is in the process of implementing controls and procedures to ensure that the proper amount of funds are transferred to the reserve account accordance with applicable compliance requirements.
2022-002. Debt Reserve Requirement CFDA#: 10.766 US Department of Agriculture (USDA) Community Facilities Block Grant Cluster Award Year: 2022 Finding Type: Significant Deficiency in Internal Control over Major Programs Criteria: Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) the University to maintain a debt reserve account related to the loans held by the USDA. Condition: The debt reserve balance was under funded by approximately $2,400. Context: We addressed the matter with University management who is aware of the requirements to maintain a proper reserve balance for the USDA loan. Effect: Failure to properly review and adhere to policies and procedures can lead to noncompliance with the requirement. Cause: The lack of compliance is due to the University failing to calculate the reserve amount and transfer of funds to the account in a timely fashion. Recommendation: We recommend the University review and update its policies and procedures to ensure the proper amount is transferred to the reserve account each month. Views of Responsible Officials and Planned Corrective Action: We concur with the finding. The University is in the process of implementing controls and procedures to ensure that the proper amount of funds are transferred to the reserve account accordance with applicable compliance requirements.
2022-001. Enrollment Reporting CFDA#: 84.033, 84.007, 84.063, 84.268 Student Financial Aid Cluster Award Year: 2022 Finding Type: Material Weakness in Internal Control over Major Programs Criteria: Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) require institutions to review, update, and verify student enrollment statuses that appear on the Enrollment Reporting Roster file and to also complete and report roster files within a minimum of 60 days for student status changes to the National Student Loan Data System. Condition: There were 12 students where the University failed to timely report the status change to the National Student Loan Data System. Context: We addressed the matter with University management who is aware of the requirements of reviewing and updating roster files that appear on the Enrollment Reporting Roster file as well as the reporting requirements to the National Student Loan Data System. Effect: Failure to properly review and adhere to policies and procedures can lead to noncompliance and the misappropriation of federal funds that are not detected during the normal course of business. Cause: The lack of compliance is due to the University failing to review, update, and submit student roster files in a timely manner. Recommendation: We recommend the University review and update its policies and procedures to ensure all roster files are reviewed, updated, and submitted in a timely manner. Views of Responsible Officials and Planned Corrective Action: We concur with the finding. The University is in the process of implementing controls and procedures to ensure that all student roster files are reviewed, updated and submitted in accordance with applicable compliance requirements.
2022-001. Enrollment Reporting CFDA#: 84.033, 84.007, 84.063, 84.268 Student Financial Aid Cluster Award Year: 2022 Finding Type: Material Weakness in Internal Control over Major Programs Criteria: Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) require institutions to review, update, and verify student enrollment statuses that appear on the Enrollment Reporting Roster file and to also complete and report roster files within a minimum of 60 days for student status changes to the National Student Loan Data System. Condition: There were 12 students where the University failed to timely report the status change to the National Student Loan Data System. Context: We addressed the matter with University management who is aware of the requirements of reviewing and updating roster files that appear on the Enrollment Reporting Roster file as well as the reporting requirements to the National Student Loan Data System. Effect: Failure to properly review and adhere to policies and procedures can lead to noncompliance and the misappropriation of federal funds that are not detected during the normal course of business. Cause: The lack of compliance is due to the University failing to review, update, and submit student roster files in a timely manner. Recommendation: We recommend the University review and update its policies and procedures to ensure all roster files are reviewed, updated, and submitted in a timely manner. Views of Responsible Officials and Planned Corrective Action: We concur with the finding. The University is in the process of implementing controls and procedures to ensure that all student roster files are reviewed, updated and submitted in accordance with applicable compliance requirements.
2022-001. Enrollment Reporting CFDA#: 84.033, 84.007, 84.063, 84.268 Student Financial Aid Cluster Award Year: 2022 Finding Type: Material Weakness in Internal Control over Major Programs Criteria: Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) require institutions to review, update, and verify student enrollment statuses that appear on the Enrollment Reporting Roster file and to also complete and report roster files within a minimum of 60 days for student status changes to the National Student Loan Data System. Condition: There were 12 students where the University failed to timely report the status change to the National Student Loan Data System. Context: We addressed the matter with University management who is aware of the requirements of reviewing and updating roster files that appear on the Enrollment Reporting Roster file as well as the reporting requirements to the National Student Loan Data System. Effect: Failure to properly review and adhere to policies and procedures can lead to noncompliance and the misappropriation of federal funds that are not detected during the normal course of business. Cause: The lack of compliance is due to the University failing to review, update, and submit student roster files in a timely manner. Recommendation: We recommend the University review and update its policies and procedures to ensure all roster files are reviewed, updated, and submitted in a timely manner. Views of Responsible Officials and Planned Corrective Action: We concur with the finding. The University is in the process of implementing controls and procedures to ensure that all student roster files are reviewed, updated and submitted in accordance with applicable compliance requirements.
2022-001. Enrollment Reporting CFDA#: 84.033, 84.007, 84.063, 84.268 Student Financial Aid Cluster Award Year: 2022 Finding Type: Material Weakness in Internal Control over Major Programs Criteria: Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) require institutions to review, update, and verify student enrollment statuses that appear on the Enrollment Reporting Roster file and to also complete and report roster files within a minimum of 60 days for student status changes to the National Student Loan Data System. Condition: There were 12 students where the University failed to timely report the status change to the National Student Loan Data System. Context: We addressed the matter with University management who is aware of the requirements of reviewing and updating roster files that appear on the Enrollment Reporting Roster file as well as the reporting requirements to the National Student Loan Data System. Effect: Failure to properly review and adhere to policies and procedures can lead to noncompliance and the misappropriation of federal funds that are not detected during the normal course of business. Cause: The lack of compliance is due to the University failing to review, update, and submit student roster files in a timely manner. Recommendation: We recommend the University review and update its policies and procedures to ensure all roster files are reviewed, updated, and submitted in a timely manner. Views of Responsible Officials and Planned Corrective Action: We concur with the finding. The University is in the process of implementing controls and procedures to ensure that all student roster files are reviewed, updated and submitted in accordance with applicable compliance requirements.
2022-002. Debt Reserve Requirement CFDA#: 10.766 US Department of Agriculture (USDA) Community Facilities Block Grant Cluster Award Year: 2022 Finding Type: Significant Deficiency in Internal Control over Major Programs Criteria: Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) the University to maintain a debt reserve account related to the loans held by the USDA. Condition: The debt reserve balance was under funded by approximately $2,400. Context: We addressed the matter with University management who is aware of the requirements to maintain a proper reserve balance for the USDA loan. Effect: Failure to properly review and adhere to policies and procedures can lead to noncompliance with the requirement. Cause: The lack of compliance is due to the University failing to calculate the reserve amount and transfer of funds to the account in a timely fashion. Recommendation: We recommend the University review and update its policies and procedures to ensure the proper amount is transferred to the reserve account each month. Views of Responsible Officials and Planned Corrective Action: We concur with the finding. The University is in the process of implementing controls and procedures to ensure that the proper amount of funds are transferred to the reserve account accordance with applicable compliance requirements.
2022-002. Debt Reserve Requirement CFDA#: 10.766 US Department of Agriculture (USDA) Community Facilities Block Grant Cluster Award Year: 2022 Finding Type: Significant Deficiency in Internal Control over Major Programs Criteria: Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) the University to maintain a debt reserve account related to the loans held by the USDA. Condition: The debt reserve balance was under funded by approximately $2,400. Context: We addressed the matter with University management who is aware of the requirements to maintain a proper reserve balance for the USDA loan. Effect: Failure to properly review and adhere to policies and procedures can lead to noncompliance with the requirement. Cause: The lack of compliance is due to the University failing to calculate the reserve amount and transfer of funds to the account in a timely fashion. Recommendation: We recommend the University review and update its policies and procedures to ensure the proper amount is transferred to the reserve account each month. Views of Responsible Officials and Planned Corrective Action: We concur with the finding. The University is in the process of implementing controls and procedures to ensure that the proper amount of funds are transferred to the reserve account accordance with applicable compliance requirements.