FAC Explorer

Audit 5604

FY End
2023-06-30
Total Expended
$26.00M
Findings
4
Programs
34
Organization: Bucknell University (PA)
Year: 2023 Accepted: 2023-12-06
Auditor: Cliftonlarsonallen LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
3580 2023-001 Significant Deficiency - N
3581 2023-001 Significant Deficiency - N
580022 2023-001 Significant Deficiency - N
580023 2023-001 Significant Deficiency - N

Programs

ALN Program Spent Major Findings
84.268 Federal Direct Student Loans $15.35M Yes 1
84.063 Federal Pell Grant Program $2.17M Yes 1
84.038 Federal Perkins Loan Program $1.12M Yes 0
84.033 Federal Work-Study Program $428,023 Yes 0
47.049 Mathematical and Physical Sciences $388,540 - 0
84.007 Federal Supplemental Educational Opportunity Grants $373,482 Yes 0
47.070 Computer and Information Science and Engineering $207,953 - 0
47.074 Biological Sciences $155,486 - 0
59.037 Small Business Development Centers $74,867 - 0
93.859 Biomedical Research and Research Training $57,752 - 0
47.050 Geosciences $47,865 - 0
45.162 Promotion of the Humanities Teaching and Learning Resources and Curriculum Development $43,841 - 0
59.037 Small Business Development Centers (covid-19) $41,511 - 0
47.083 Office of Integrative Activities $41,122 - 0
97.036 Disaster Grants - Public Assistance (presidentially Declared Disasters) (covid-19) $34,000 Yes 0
43.001 Science $31,111 - 0
47.079 Office of International Science and Engineering $25,540 - 0
93.855 Microbiology and Infectious Disease Research $22,118 - 0
47.074 Biological Sciences (covid-19) $21,092 - 0
45.025 Promotion of the Arts - Partnership Agreements $20,400 - 0
81.087 Renewable Energy Research and Development $19,197 - 0
12.300 Basic and Applied Scientific Research $17,375 - 0
66.461 Regional Wetland Program Development $12,160 - 0
10.351 Rural Business Development Grant $10,333 - 0
43.RD National Aeronautics and Space Administration, Other $7,772 - 0
43.008 Education $6,873 - 0
47.041 Engineering $6,537 - 0
47.076 Education and Human Resources $6,413 - 0
45.024 Promotion of the Arts - Partnership Agreements $5,000 - 0
10.699 Partnership Agreements $3,033 - 0
45.169 Promotion of the Humanities Office of Digital Humanities $2,024 - 0
20.200 Highway Research and Development Program $2,006 - 0
47.075 Social, Behavioral, and Economic Sciences $1,116 - 0
15.815 National Land Remote Sensing Education Outreach and Research $1,041 - 0

Contacts

Name Title Type
LT7CLFEE1ZW4 Michelle Hendricks Auditee
5705772404 Gina Beyer Auditor
No contacts on file

Notes to SEFA

Title: Federal Perkins Loan Program Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) presents the expenditures of Bucknell University’s (the University) federal financial assistance programs for the year ended June 30, 2023. The information in the Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule represents only a portion of the operations of the University, it is not intended to and does not present the consolidated financial position, changes in net assets, or cash flows of the University. Negative amounts on the Schedule, if any, represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. The Schedule is presented using the accrual basis of accounting, which is consistent with the University’s consolidated financial statements. 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. De Minimis Rate Used: N Rate Explanation: The University has a federally negotiated indirect cost rate and therefore may not elect to use the de minimus 10% indirect cost rate. The University administers and accounts for all aspects of the Federal Perkins Loan Program. Therefore, the University’s consolidated financial statements include the program’s balances and transactions. The balance of loans outstanding under the loan program at June 30, 2023, was $ 742,155. The amount presented on the Schedule is the beginning balance of the loans outstanding at July 1, 2022, plus the amount of the loans issued during the fiscal year ended June 30, 2023. No administrative cost allowance was claimed for the Federal Perkins Loan Program for the year ended June 30, 2023.
Title: Federal Direct Loans Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) presents the expenditures of Bucknell University’s (the University) federal financial assistance programs for the year ended June 30, 2023. The information in the Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule represents only a portion of the operations of the University, it is not intended to and does not present the consolidated financial position, changes in net assets, or cash flows of the University. Negative amounts on the Schedule, if any, represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. The Schedule is presented using the accrual basis of accounting, which is consistent with the University’s consolidated financial statements. 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. De Minimis Rate Used: N Rate Explanation: The University has a federally negotiated indirect cost rate and therefore may not elect to use the de minimus 10% indirect cost rate. For the Federal Direct Loan Programs, the University is responsible only for the performance of certain administrative duties; therefore, the loan balances and transactions for those programs are not included in the University’s consolidated financial statements. It is not practical to determine the loan balances outstanding to students under this program as of June 30, 2023.
Title: Federal Emergency Management Agency (FEMA) Funding Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) presents the expenditures of Bucknell University’s (the University) federal financial assistance programs for the year ended June 30, 2023. The information in the Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule represents only a portion of the operations of the University, it is not intended to and does not present the consolidated financial position, changes in net assets, or cash flows of the University. Negative amounts on the Schedule, if any, represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. The Schedule is presented using the accrual basis of accounting, which is consistent with the University’s consolidated financial statements. 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. De Minimis Rate Used: N Rate Explanation: The University has a federally negotiated indirect cost rate and therefore may not elect to use the de minimus 10% indirect cost rate. The University applied for and was approved for FEMA funding during fiscal year 2023. These expenditures were incurred in fiscal years 2021, 2022 and 2023 in the amount of $3,500,000, $25,000 and $9,000, respectively. Since FEMA approved the funding in fiscal year 2023, these expenditures are included on the fiscal year 2023 schedule of expenditures of federal awards. As of June 30, 2023, $3,500,000 has been received.

Finding Details

Finding 2023-001
2023 – 001 – National Student Loan Data System (NSLDS) Reporting Federal Agency: U.S. Department of Education Federal Program Name: Federal Pell Grant Program; Federal Direct Student Loans Assistance Listing Number: 84.063; 84.268 Federal Award Identification Number and Year: P063P222081, 2022-2023; P268K232081, 2022-2023 Award Period: July 01, 2022 - June 30, 2023 Type of Finding: Significant Deficiency in Internal Control over Compliance Other Matters Criteria or specific requirement: Per U.S. Department of Education (ED) regulations, all schools participating (or approved to participate) in the Federal Student Aid programs must have an arrangement to report student enrollment data to the NSLDS through a roster file. The school is required to report enrollment status at both the school and program level. The school is required to report changes in the student’s enrollment status, the effective date of the status and an anticipated completion date. An academic program is defined as the combination of your school’s Office of Postsecondary Education Identification (OPEID) number and the program’s Classification of Instructional Program (CIP) code, credential level, and published program length. The Department of Education requires the University to report changes in enrollment status and indicate the date that the changes occurred (34 CFR 685.309). Changes in enrollment status must be reported within 30 days. However, if a roster file is expected within 60 days, you may provide the date on that roster file. ED requires the institution to report changes in enrollment status within 30 or 60 days that the institution determined the changes occurred (34 CFR 682.610). Condition: Certain students’ enrollment information was not reported accurately or timely to the NSLDS. Questioned costs: None. Context: During our testing, we noted the following: In our sample of 40 students tested, 1 student was not reported to the NSLDS. In our sample of 40 students tested, 2 students did not have the correct effective date or effective status on the campus level of the NSLDS. These same students did not have the effective status change applied to the correct active academic program on the program level of the NSLDS. Cause: The NSLDS website had a major restructure for which there are multiple ways to update a student's enrollment information. The University used a way to make a manual change that only updated the program level of the NSLDS. Effect: Inaccurate reporting to the NSLDS can result in incorrect determination of when the students’ grace period should begin. Repeat Finding: No. Recommendation: We recommend the University review procedures around sending correct information to the NSLDS. In addition, we recommend the University develop a process to help better oversee the submissions completed by the third-party servicer. Views of responsible officials: There is no disagreement with the audit finding.
Finding 2023-001
2023 – 001 – National Student Loan Data System (NSLDS) Reporting Federal Agency: U.S. Department of Education Federal Program Name: Federal Pell Grant Program; Federal Direct Student Loans Assistance Listing Number: 84.063; 84.268 Federal Award Identification Number and Year: P063P222081, 2022-2023; P268K232081, 2022-2023 Award Period: July 01, 2022 - June 30, 2023 Type of Finding: Significant Deficiency in Internal Control over Compliance Other Matters Criteria or specific requirement: Per U.S. Department of Education (ED) regulations, all schools participating (or approved to participate) in the Federal Student Aid programs must have an arrangement to report student enrollment data to the NSLDS through a roster file. The school is required to report enrollment status at both the school and program level. The school is required to report changes in the student’s enrollment status, the effective date of the status and an anticipated completion date. An academic program is defined as the combination of your school’s Office of Postsecondary Education Identification (OPEID) number and the program’s Classification of Instructional Program (CIP) code, credential level, and published program length. The Department of Education requires the University to report changes in enrollment status and indicate the date that the changes occurred (34 CFR 685.309). Changes in enrollment status must be reported within 30 days. However, if a roster file is expected within 60 days, you may provide the date on that roster file. ED requires the institution to report changes in enrollment status within 30 or 60 days that the institution determined the changes occurred (34 CFR 682.610). Condition: Certain students’ enrollment information was not reported accurately or timely to the NSLDS. Questioned costs: None. Context: During our testing, we noted the following: In our sample of 40 students tested, 1 student was not reported to the NSLDS. In our sample of 40 students tested, 2 students did not have the correct effective date or effective status on the campus level of the NSLDS. These same students did not have the effective status change applied to the correct active academic program on the program level of the NSLDS. Cause: The NSLDS website had a major restructure for which there are multiple ways to update a student's enrollment information. The University used a way to make a manual change that only updated the program level of the NSLDS. Effect: Inaccurate reporting to the NSLDS can result in incorrect determination of when the students’ grace period should begin. Repeat Finding: No. Recommendation: We recommend the University review procedures around sending correct information to the NSLDS. In addition, we recommend the University develop a process to help better oversee the submissions completed by the third-party servicer. Views of responsible officials: There is no disagreement with the audit finding.
Finding 2023-001
2023 – 001 – National Student Loan Data System (NSLDS) Reporting Federal Agency: U.S. Department of Education Federal Program Name: Federal Pell Grant Program; Federal Direct Student Loans Assistance Listing Number: 84.063; 84.268 Federal Award Identification Number and Year: P063P222081, 2022-2023; P268K232081, 2022-2023 Award Period: July 01, 2022 - June 30, 2023 Type of Finding: Significant Deficiency in Internal Control over Compliance Other Matters Criteria or specific requirement: Per U.S. Department of Education (ED) regulations, all schools participating (or approved to participate) in the Federal Student Aid programs must have an arrangement to report student enrollment data to the NSLDS through a roster file. The school is required to report enrollment status at both the school and program level. The school is required to report changes in the student’s enrollment status, the effective date of the status and an anticipated completion date. An academic program is defined as the combination of your school’s Office of Postsecondary Education Identification (OPEID) number and the program’s Classification of Instructional Program (CIP) code, credential level, and published program length. The Department of Education requires the University to report changes in enrollment status and indicate the date that the changes occurred (34 CFR 685.309). Changes in enrollment status must be reported within 30 days. However, if a roster file is expected within 60 days, you may provide the date on that roster file. ED requires the institution to report changes in enrollment status within 30 or 60 days that the institution determined the changes occurred (34 CFR 682.610). Condition: Certain students’ enrollment information was not reported accurately or timely to the NSLDS. Questioned costs: None. Context: During our testing, we noted the following: In our sample of 40 students tested, 1 student was not reported to the NSLDS. In our sample of 40 students tested, 2 students did not have the correct effective date or effective status on the campus level of the NSLDS. These same students did not have the effective status change applied to the correct active academic program on the program level of the NSLDS. Cause: The NSLDS website had a major restructure for which there are multiple ways to update a student's enrollment information. The University used a way to make a manual change that only updated the program level of the NSLDS. Effect: Inaccurate reporting to the NSLDS can result in incorrect determination of when the students’ grace period should begin. Repeat Finding: No. Recommendation: We recommend the University review procedures around sending correct information to the NSLDS. In addition, we recommend the University develop a process to help better oversee the submissions completed by the third-party servicer. Views of responsible officials: There is no disagreement with the audit finding.
Finding 2023-001
2023 – 001 – National Student Loan Data System (NSLDS) Reporting Federal Agency: U.S. Department of Education Federal Program Name: Federal Pell Grant Program; Federal Direct Student Loans Assistance Listing Number: 84.063; 84.268 Federal Award Identification Number and Year: P063P222081, 2022-2023; P268K232081, 2022-2023 Award Period: July 01, 2022 - June 30, 2023 Type of Finding: Significant Deficiency in Internal Control over Compliance Other Matters Criteria or specific requirement: Per U.S. Department of Education (ED) regulations, all schools participating (or approved to participate) in the Federal Student Aid programs must have an arrangement to report student enrollment data to the NSLDS through a roster file. The school is required to report enrollment status at both the school and program level. The school is required to report changes in the student’s enrollment status, the effective date of the status and an anticipated completion date. An academic program is defined as the combination of your school’s Office of Postsecondary Education Identification (OPEID) number and the program’s Classification of Instructional Program (CIP) code, credential level, and published program length. The Department of Education requires the University to report changes in enrollment status and indicate the date that the changes occurred (34 CFR 685.309). Changes in enrollment status must be reported within 30 days. However, if a roster file is expected within 60 days, you may provide the date on that roster file. ED requires the institution to report changes in enrollment status within 30 or 60 days that the institution determined the changes occurred (34 CFR 682.610). Condition: Certain students’ enrollment information was not reported accurately or timely to the NSLDS. Questioned costs: None. Context: During our testing, we noted the following: In our sample of 40 students tested, 1 student was not reported to the NSLDS. In our sample of 40 students tested, 2 students did not have the correct effective date or effective status on the campus level of the NSLDS. These same students did not have the effective status change applied to the correct active academic program on the program level of the NSLDS. Cause: The NSLDS website had a major restructure for which there are multiple ways to update a student's enrollment information. The University used a way to make a manual change that only updated the program level of the NSLDS. Effect: Inaccurate reporting to the NSLDS can result in incorrect determination of when the students’ grace period should begin. Repeat Finding: No. Recommendation: We recommend the University review procedures around sending correct information to the NSLDS. In addition, we recommend the University develop a process to help better oversee the submissions completed by the third-party servicer. Views of responsible officials: There is no disagreement with the audit finding.