FAC Explorer

Audit 6494

FY End
2023-06-30
Total Expended
$6.64M
Findings
2
Programs
25
Organization: Kishwaukee College (IL)
Year: 2023 Accepted: 2023-12-13
Auditor: Sikich LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
4173 2023-001 - - E
580615 2023-001 - - E

Programs

ALN Program Spent Major Findings
84.063 Federal Pell Grant Program $3.25M Yes 0
84.268 Federal Direct Student Loans $1.24M Yes 1
17.259 In School & Out of School Youth Services (wioa Formula Youth) $364,206 - 0
84.047 Trio_upward Bound $345,056 - 0
93.575 Child Care and Development Block Grant $274,484 - 0
84.042 Trio_student Support Services $229,914 - 0
21.027 Covid-19 Coronavirus State and Local Fiscal Recovery Funds $220,000 - 0
84.048 Perkins Postsecondary $167,917 - 0
84.002 Federal Adult (basics) $163,067 - 0
84.007 Federal Supplemental Educational Opportunity Grants $69,205 Yes 0
17.258 Kane County Iga- Wioa Adult Program $69,080 - 0
84.033 Federal Work-Study Program $55,116 Yes 0
17.259 Kcdee/ita- Wioa $45,911 - 0
64.028 Post-9/11 Chapter 33 Benefits $38,132 - 0
17.268 H-1b Job Training Grants $34,000 - 0
84.002 Federal El/civics $18,360 - 0
10.558 Child and Adult Care Food Program $12,658 - 0
17.258 Best Inc. - Wioa $12,198 - 0
17.278 Best Inc. - Wioa $9,624 - 0
17.258 Kcdee/ita- Wioa $7,063 - 0
17.278 Kcdee/ita- Wioa $5,886 - 0
84.063 Pell Admin Cost Allowance $4,868 Yes 0
64.130 Veteran Rapid Retraining Assistance Program $4,000 - 0
94.006 Americorps $1,375 - 0
64.120 Chapter 31 Benefits $926 - 0

Contacts

Name Title Type
C8M9ATNXPG78 Jill Hansen Auditee
8158259517 Ray Krouse Auditor
No contacts on file

Notes to SEFA

Title: NOTE B- FEDERAL LOAN PROGRAM Accounting Policies: The accompanying schedule of expenditures of federal awards has been prepared in accordance with generally accepted accounting principles as promulgated by GASB. It is a summary of the activity of the College’s 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: Y Rate Explanation: The College has elected to use the 10% federal de minimis indirect cost rate For the year ended June 30, 2023, the College acted as a pass-through agency for Federal Direct Loans (subsidized and unsubsidized) to students in the amount of $1,238,413.
Title: NOTE C- OTHER INFORMATION Accounting Policies: The accompanying schedule of expenditures of federal awards has been prepared in accordance with generally accepted accounting principles as promulgated by GASB. It is a summary of the activity of the College’s 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: Y Rate Explanation: The College has elected to use the 10% federal de minimis indirect cost rate The College did not receive any federal insurance or federal noncash assistance and did not provide any amounts to subrecipients.

Finding Details

Finding 2023-001
2023-001 Incorrect Direct Loans Disbursement Amount - Student Financial Aid Cluster Assistance Listing Number 84.007, 84.033, 84.063, 84.268, Grant Period - Year Ended June 30, 2023 Criteria: According to 34 CFR 685.203 an eligible dependent student in their first year of school can borrow up to $3,500 in Subsidized Direct Loans and $2,000 in Unsubsidized Direct Loans. Condition: During our student file testing we noted one student out of forty was disbursed the incorrect Direct Loan amount. Based on the student’s enrollment status and need this student was eligible for $1,750 in Subsidized Loans and $1,000 in Unsubsidized Loans; however, the College awarded the student $1,750 in Subsidized loans and $1,250 in Unsubsidized loans which resulted in an over award of $250 in Unsubsidized Loans. We consider this error in awarding to be an instance of noncompliance of the Eligibility Compliance Requirement. Statistical sampling was not used when making sample selections. Questioned Costs: $250 Effect: A student was over awarded Unsubsidized Direct loans in the amount of $250. Cause: The College’s internal controls did not identify the fact that the student was over-awarded Unsubsidized Direct loans in the amount of $250. Recommendation: We recommend the College closely monitor all students who receive direct loans and verify that they receive the proper amount of Unsubsidized Direct Loans. Views of Responsible Officials: Management agrees with this finding and response is included in Corrective Action Plan.
Finding 2023-001
2023-001 Incorrect Direct Loans Disbursement Amount - Student Financial Aid Cluster Assistance Listing Number 84.007, 84.033, 84.063, 84.268, Grant Period - Year Ended June 30, 2023 Criteria: According to 34 CFR 685.203 an eligible dependent student in their first year of school can borrow up to $3,500 in Subsidized Direct Loans and $2,000 in Unsubsidized Direct Loans. Condition: During our student file testing we noted one student out of forty was disbursed the incorrect Direct Loan amount. Based on the student’s enrollment status and need this student was eligible for $1,750 in Subsidized Loans and $1,000 in Unsubsidized Loans; however, the College awarded the student $1,750 in Subsidized loans and $1,250 in Unsubsidized loans which resulted in an over award of $250 in Unsubsidized Loans. We consider this error in awarding to be an instance of noncompliance of the Eligibility Compliance Requirement. Statistical sampling was not used when making sample selections. Questioned Costs: $250 Effect: A student was over awarded Unsubsidized Direct loans in the amount of $250. Cause: The College’s internal controls did not identify the fact that the student was over-awarded Unsubsidized Direct loans in the amount of $250. Recommendation: We recommend the College closely monitor all students who receive direct loans and verify that they receive the proper amount of Unsubsidized Direct Loans. Views of Responsible Officials: Management agrees with this finding and response is included in Corrective Action Plan.