FAC Explorer

Audit 6949

FY End
2023-08-31
Total Expended
$86.22M
Findings
8
Programs
20
Organization: Tarrant County College District (TX)
Year: 2023 Accepted: 2023-12-15
Auditor: Weaver and Tidwell LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
4472 2023-002 Significant Deficiency - C
4473 2023-002 Significant Deficiency - C
4474 2023-002 Significant Deficiency - C
4475 2023-002 Significant Deficiency - E
580914 2023-002 Significant Deficiency - C
580915 2023-002 Significant Deficiency - C
580916 2023-002 Significant Deficiency - C
580917 2023-002 Significant Deficiency - E

Programs

ALN Program Spent Major Findings
84.063 Federal Pell Grant Program $55.53M Yes 1
84.268 Federal Direct Student Loans $20.77M Yes 1
84.048 Career and Technical Education -- Basic Grants to States $1.71M - 0
84.007 Federal Supplemental Educational Opportunity Grants $1.37M Yes 1
84.033 Federal Work-Study Program $829,666 Yes 1
84.047 Trio_upward Bound $742,249 - 0
84.002 Adult Education - Basic Grants to States $689,331 - 0
84.031 Higher Education_institutional Aid $664,716 - 0
84.042 Trio_student Support Services $654,863 - 0
84.335 Child Care Access Means Parents in School $343,167 - 0
21.027 Coronavirus State and Local Fiscal Recovery Funds $302,837 - 0
59.037 Small Business Development Centers $208,371 - 0
84.044 Trio_talent Search $127,708 - 0
17.278 Wia Dislocated Worker Formula Grants $89,140 - 0
84.425 Education Stabilization Fund $73,980 - 0
47.076 Education and Human Resources $50,000 - 0
16.525 Grants to Reduce Domestic Violence, Dating Violence, Sexual Assault, and Stalking on Campus $45,683 - 0
14.218 Community Development Block Grants/entitlement Grants $16,539 - 0
93.575 Child Care and Development Block Grant $1,355 - 0
45.164 Promotion of the Humanities_public Programs $213 - 0

Contacts

Name Title Type
L5H4PM8F32G4 Linzy Blain Auditee
8175155271 Dallas Dugger Auditor
No contacts on file

Notes to SEFA

Title: NOTE 1. FEDERAL ASSISTANCE RECONCILIATION Accounting Policies: The expenditures included in the schedule are reported for the District’s fiscal year. Expenditure reports to funding agencies are prepared on the award period basis. The expenditures reported above represent funds which have been expended by the District for the purposes of the award. The expenditures reported above may not have been reimbursed by the funding agencies as of the end of the fiscal year. Some amounts reported in the schedule may differ from amounts used in the preparation of the financial statements. Separate accounts are maintained for the different awards to aid in the observance of limitations and restrictions imposed by the funding agencies. Management believes they have followed all applicable guidelines issued by various entities in the preparation of the schedule. De Minimis Rate Used: N Rate Explanation: The District has not elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance Federal Revenues – per Schedule of Expenditures of Federal Awards: Federal Grants and Contracts – per Schedule A $ 3,479,989 Federal Grants and Contracts – per Schedule C 61,984,737 Direct Loans 20,766,010 Veterans’ Administration 11,870 Total Federal Revenues per Schedule of Expenditures of Federal Awards $ 86,218,866
Title: NOTE 2. SIGNIFICANT ACCOUNTING POLICIES USED IN PREPARING THE SCHEDULE Accounting Policies: The expenditures included in the schedule are reported for the District’s fiscal year. Expenditure reports to funding agencies are prepared on the award period basis. The expenditures reported above represent funds which have been expended by the District for the purposes of the award. The expenditures reported above may not have been reimbursed by the funding agencies as of the end of the fiscal year. Some amounts reported in the schedule may differ from amounts used in the preparation of the financial statements. Separate accounts are maintained for the different awards to aid in the observance of limitations and restrictions imposed by the funding agencies. Management believes they have followed all applicable guidelines issued by various entities in the preparation of the schedule. De Minimis Rate Used: N Rate Explanation: The District has not elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance The expenditures included in the schedule are reported for the District’s fiscal year. Expenditure reports to funding agencies are prepared on the award period basis. The expenditures reported above represent funds which have been expended by the District for the purposes of the award. The expenditures reported above may not have been reimbursed by the funding agencies as of the end of the fiscal year. Some amounts reported in the schedule may differ from amounts used in the preparation of the financial statements. Separate accounts are maintained for the different awards to aid in the observance of limitations and restrictions imposed by the funding agencies. Management believes they have followed all applicable guidelines issued by various entities in the preparation of the schedule.
Title: NOTE 3. STUDENT LOANS PROCESSED AND ADMINISTRATIVE COSTS RECOVERED Accounting Policies: The expenditures included in the schedule are reported for the District’s fiscal year. Expenditure reports to funding agencies are prepared on the award period basis. The expenditures reported above represent funds which have been expended by the District for the purposes of the award. The expenditures reported above may not have been reimbursed by the funding agencies as of the end of the fiscal year. Some amounts reported in the schedule may differ from amounts used in the preparation of the financial statements. Separate accounts are maintained for the different awards to aid in the observance of limitations and restrictions imposed by the funding agencies. Management believes they have followed all applicable guidelines issued by various entities in the preparation of the schedule. De Minimis Rate Used: N Rate Explanation: The District has not elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance See the Notes to the SEFA for table: U.S. Department of Education: 84.268 Direct Loans $ 20,766,010
Title: NOTE 4. INDIRECT COST RATE Accounting Policies: The expenditures included in the schedule are reported for the District’s fiscal year. Expenditure reports to funding agencies are prepared on the award period basis. The expenditures reported above represent funds which have been expended by the District for the purposes of the award. The expenditures reported above may not have been reimbursed by the funding agencies as of the end of the fiscal year. Some amounts reported in the schedule may differ from amounts used in the preparation of the financial statements. Separate accounts are maintained for the different awards to aid in the observance of limitations and restrictions imposed by the funding agencies. Management believes they have followed all applicable guidelines issued by various entities in the preparation of the schedule. De Minimis Rate Used: N Rate Explanation: The District has not elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance The District has not elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.

Finding Details

Finding 2023-002
Section III. Federal Award Findings and Questioned Costs Finding 2023-002: Using a Servicer or Financial Institution to Deliver Title IV Credit Balances Type of finding: Significant Deficiency in Internal Controls over Compliance and Compliance Major Program: Student Financial Assistance Cluster Questioned Cost: $0 Criteria 34 CFR 668.164 sets forth the criteria for required disclosures regarding arrangements or contracts made with servicers or financial institutions used to make direct payments of Title IV credit balances to students through electronic fund transfer to a bank account designated by the student or parent or to issue a check payment to the student, to use an access device to access those funds. Condition The District failed to provide required information to the Department of Education an up-to-date URL for the contract with the servicer or financial institution for publication in a centralized database accessible to the public. Cause The District was unaware of the requirement to submit this information to the Department of Education. Effect The failure to provide required information to the Department of Education resulted in the exclusion of the District in the centralized database made accessible to the public. Recommendation We recommend the District identify the responsible party to oversee that the required information is sent to the Department of Education. Status See Corrective Action Plan noted as the District’s response to finding 2023-002.
Finding 2023-002
Section III. Federal Award Findings and Questioned Costs Finding 2023-002: Using a Servicer or Financial Institution to Deliver Title IV Credit Balances Type of finding: Significant Deficiency in Internal Controls over Compliance and Compliance Major Program: Student Financial Assistance Cluster Questioned Cost: $0 Criteria 34 CFR 668.164 sets forth the criteria for required disclosures regarding arrangements or contracts made with servicers or financial institutions used to make direct payments of Title IV credit balances to students through electronic fund transfer to a bank account designated by the student or parent or to issue a check payment to the student, to use an access device to access those funds. Condition The District failed to provide required information to the Department of Education an up-to-date URL for the contract with the servicer or financial institution for publication in a centralized database accessible to the public. Cause The District was unaware of the requirement to submit this information to the Department of Education. Effect The failure to provide required information to the Department of Education resulted in the exclusion of the District in the centralized database made accessible to the public. Recommendation We recommend the District identify the responsible party to oversee that the required information is sent to the Department of Education. Status See Corrective Action Plan noted as the District’s response to finding 2023-002.
Finding 2023-002
Section III. Federal Award Findings and Questioned Costs Finding 2023-002: Using a Servicer or Financial Institution to Deliver Title IV Credit Balances Type of finding: Significant Deficiency in Internal Controls over Compliance and Compliance Major Program: Student Financial Assistance Cluster Questioned Cost: $0 Criteria 34 CFR 668.164 sets forth the criteria for required disclosures regarding arrangements or contracts made with servicers or financial institutions used to make direct payments of Title IV credit balances to students through electronic fund transfer to a bank account designated by the student or parent or to issue a check payment to the student, to use an access device to access those funds. Condition The District failed to provide required information to the Department of Education an up-to-date URL for the contract with the servicer or financial institution for publication in a centralized database accessible to the public. Cause The District was unaware of the requirement to submit this information to the Department of Education. Effect The failure to provide required information to the Department of Education resulted in the exclusion of the District in the centralized database made accessible to the public. Recommendation We recommend the District identify the responsible party to oversee that the required information is sent to the Department of Education. Status See Corrective Action Plan noted as the District’s response to finding 2023-002.
Finding 2023-002
Section III. Federal Award Findings and Questioned Costs Finding 2023-002: Using a Servicer or Financial Institution to Deliver Title IV Credit Balances Type of finding: Significant Deficiency in Internal Controls over Compliance and Compliance Major Program: Student Financial Assistance Cluster Questioned Cost: $0 Criteria 34 CFR 668.164 sets forth the criteria for required disclosures regarding arrangements or contracts made with servicers or financial institutions used to make direct payments of Title IV credit balances to students through electronic fund transfer to a bank account designated by the student or parent or to issue a check payment to the student, to use an access device to access those funds. Condition The District failed to provide required information to the Department of Education an up-to-date URL for the contract with the servicer or financial institution for publication in a centralized database accessible to the public. Cause The District was unaware of the requirement to submit this information to the Department of Education. Effect The failure to provide required information to the Department of Education resulted in the exclusion of the District in the centralized database made accessible to the public. Recommendation We recommend the District identify the responsible party to oversee that the required information is sent to the Department of Education. Status See Corrective Action Plan noted as the District’s response to finding 2023-002.
Finding 2023-002
Section III. Federal Award Findings and Questioned Costs Finding 2023-002: Using a Servicer or Financial Institution to Deliver Title IV Credit Balances Type of finding: Significant Deficiency in Internal Controls over Compliance and Compliance Major Program: Student Financial Assistance Cluster Questioned Cost: $0 Criteria 34 CFR 668.164 sets forth the criteria for required disclosures regarding arrangements or contracts made with servicers or financial institutions used to make direct payments of Title IV credit balances to students through electronic fund transfer to a bank account designated by the student or parent or to issue a check payment to the student, to use an access device to access those funds. Condition The District failed to provide required information to the Department of Education an up-to-date URL for the contract with the servicer or financial institution for publication in a centralized database accessible to the public. Cause The District was unaware of the requirement to submit this information to the Department of Education. Effect The failure to provide required information to the Department of Education resulted in the exclusion of the District in the centralized database made accessible to the public. Recommendation We recommend the District identify the responsible party to oversee that the required information is sent to the Department of Education. Status See Corrective Action Plan noted as the District’s response to finding 2023-002.
Finding 2023-002
Section III. Federal Award Findings and Questioned Costs Finding 2023-002: Using a Servicer or Financial Institution to Deliver Title IV Credit Balances Type of finding: Significant Deficiency in Internal Controls over Compliance and Compliance Major Program: Student Financial Assistance Cluster Questioned Cost: $0 Criteria 34 CFR 668.164 sets forth the criteria for required disclosures regarding arrangements or contracts made with servicers or financial institutions used to make direct payments of Title IV credit balances to students through electronic fund transfer to a bank account designated by the student or parent or to issue a check payment to the student, to use an access device to access those funds. Condition The District failed to provide required information to the Department of Education an up-to-date URL for the contract with the servicer or financial institution for publication in a centralized database accessible to the public. Cause The District was unaware of the requirement to submit this information to the Department of Education. Effect The failure to provide required information to the Department of Education resulted in the exclusion of the District in the centralized database made accessible to the public. Recommendation We recommend the District identify the responsible party to oversee that the required information is sent to the Department of Education. Status See Corrective Action Plan noted as the District’s response to finding 2023-002.
Finding 2023-002
Section III. Federal Award Findings and Questioned Costs Finding 2023-002: Using a Servicer or Financial Institution to Deliver Title IV Credit Balances Type of finding: Significant Deficiency in Internal Controls over Compliance and Compliance Major Program: Student Financial Assistance Cluster Questioned Cost: $0 Criteria 34 CFR 668.164 sets forth the criteria for required disclosures regarding arrangements or contracts made with servicers or financial institutions used to make direct payments of Title IV credit balances to students through electronic fund transfer to a bank account designated by the student or parent or to issue a check payment to the student, to use an access device to access those funds. Condition The District failed to provide required information to the Department of Education an up-to-date URL for the contract with the servicer or financial institution for publication in a centralized database accessible to the public. Cause The District was unaware of the requirement to submit this information to the Department of Education. Effect The failure to provide required information to the Department of Education resulted in the exclusion of the District in the centralized database made accessible to the public. Recommendation We recommend the District identify the responsible party to oversee that the required information is sent to the Department of Education. Status See Corrective Action Plan noted as the District’s response to finding 2023-002.
Finding 2023-002
Section III. Federal Award Findings and Questioned Costs Finding 2023-002: Using a Servicer or Financial Institution to Deliver Title IV Credit Balances Type of finding: Significant Deficiency in Internal Controls over Compliance and Compliance Major Program: Student Financial Assistance Cluster Questioned Cost: $0 Criteria 34 CFR 668.164 sets forth the criteria for required disclosures regarding arrangements or contracts made with servicers or financial institutions used to make direct payments of Title IV credit balances to students through electronic fund transfer to a bank account designated by the student or parent or to issue a check payment to the student, to use an access device to access those funds. Condition The District failed to provide required information to the Department of Education an up-to-date URL for the contract with the servicer or financial institution for publication in a centralized database accessible to the public. Cause The District was unaware of the requirement to submit this information to the Department of Education. Effect The failure to provide required information to the Department of Education resulted in the exclusion of the District in the centralized database made accessible to the public. Recommendation We recommend the District identify the responsible party to oversee that the required information is sent to the Department of Education. Status See Corrective Action Plan noted as the District’s response to finding 2023-002.