FAC Explorer

Audit 88933

FY End
2022-06-30
Total Expended
$6.10M
Findings
4
Programs
10
Organization: Spoon River College District No. 534 (IL)
Year: 2022 Accepted: 2022-10-30
Auditor: Wipfli LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
90501 2022-001 Significant Deficiency - L
90502 2022-001 Significant Deficiency - L
666943 2022-001 Significant Deficiency - L
666944 2022-001 Significant Deficiency - L

Programs

ALN Program Spent Major Findings
84.063 Federal Pell Grant Program $1.92M - 0
84.425 Covid-18 Education Stabilization - Heerf - Institutional $1.70M Yes 1
84.425 Covid-19 Education Stabilization Fund - Heerf Student $1.22M Yes 1
84.268 Federal Direct Student Loans $586,679 - 0
84.042 Trio_student Support Services $258,453 - 0
84.048 Career and Technical Education -- Basic Grants to States $147,853 - 0
84.425 Covid-19 Education Stabilization Fund - Geer $108,015 Yes 0
84.002 Adult Education - Basic Grants to States $77,644 - 0
84.007 Federal Supplemental Educational Opportunity Grants $51,346 - 0
84.033 Federal Work-Study Program $36,897 - 0

Contacts

Name Title Type
CRAAXRAXXRS7 Sarah Gray Auditee
3096496265 Matthew Schueler Auditor
No contacts on file

Notes to SEFA

Title: Loan Program Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Spoon River College District No. 534 (the College) for the year ended June 30, 2022, and is presented on the modified accrual basis of accounting. The information in this 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. The College elected to not use the 10% de minimis indirect cost rate during the year ended June 30, 2022. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. For the year ended June 30, 2022, the College acted as a pass-through agency for Federal Direct Loans (subsidized and unsubsidized) to students in the amount of $586,679.
Title: Non-cash Assistance Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Spoon River College District No. 534 (the College) for the year ended June 30, 2022, and is presented on the modified accrual basis of accounting. The information in this 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. The College elected to not use the 10% de minimis indirect cost rate during the year ended June 30, 2022. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. The College did not expend any federal awards in the form of non-cash assistance during the year ended June 30, 2022.
Title: Other Federal Award Information Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Spoon River College District No. 534 (the College) for the year ended June 30, 2022, and is presented on the modified accrual basis of accounting. The information in this 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. The College elected to not use the 10% de minimis indirect cost rate during the year ended June 30, 2022. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. The College did not receive or administer any insurance or loan guarantees during fiscal year ended June 30, 2022.

Finding Details

Finding 2022-001
COVID-19 Education Stabilization Fund ? Higher Education Emergency Relief Fund (HEERF) CFDA No. 84.425 Department of Education Direct Award Grant period: April 25, 2020 through June 30, 2023 Questioned costs: $0 Condition: In regard to the Student Aid quarterly reporting, the College does not include the number of eligible students for HEERF funding in the narrative posted to the College?s website. In addition, the Annual Report had errors relating to the amount of Student Aid applied to students? account balances, the amount of Institutional expenditures were used to cover student outstanding account balances, and the amount of expenditures reported under other uses of Institutional Portion funds. Criteria: The student reporting requirements and posting due dates for Section 18004(a)(1) of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) were disclosed in the Federal Student Aid (IFAP) Electronic Announcement dated May 6, 2020. The student reporting requirements for Section 314(e) of CRRSAA and ARP HEERF III were disclosed in the Federal Student Aid (IFAP) Electronic Announcement dated May 13, 2021. The US Department of Education requires all information reported on annual and quarterly reports to be accurate. Cause: The College was unaware of the requirements to report the number of eligible students in the Student Aid quarterly reports and the Annual Report discrepancies were due to clerical errors. The College does not have proper internal controls in place to ensure proper reporting. Effect: The College was not in compliance with HEERF reporting requirements and did not accurately report HEERF amounts on the Annual Report. Recommendation: We recommend the College implement internal control procedures to ensure proper annual and quarterly reporting and the person(s) responsible for reporting are current on the reporting requirements issued but the US Department of Education. View of responsible officials: Management acknowledges the finding and has prepared a corrective action plan. The College has already updated the website to include the number of eligible students.
Finding 2022-001
COVID-19 Education Stabilization Fund ? Higher Education Emergency Relief Fund (HEERF) CFDA No. 84.425 Department of Education Direct Award Grant period: April 25, 2020 through June 30, 2023 Questioned costs: $0 Condition: In regard to the Student Aid quarterly reporting, the College does not include the number of eligible students for HEERF funding in the narrative posted to the College?s website. In addition, the Annual Report had errors relating to the amount of Student Aid applied to students? account balances, the amount of Institutional expenditures were used to cover student outstanding account balances, and the amount of expenditures reported under other uses of Institutional Portion funds. Criteria: The student reporting requirements and posting due dates for Section 18004(a)(1) of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) were disclosed in the Federal Student Aid (IFAP) Electronic Announcement dated May 6, 2020. The student reporting requirements for Section 314(e) of CRRSAA and ARP HEERF III were disclosed in the Federal Student Aid (IFAP) Electronic Announcement dated May 13, 2021. The US Department of Education requires all information reported on annual and quarterly reports to be accurate. Cause: The College was unaware of the requirements to report the number of eligible students in the Student Aid quarterly reports and the Annual Report discrepancies were due to clerical errors. The College does not have proper internal controls in place to ensure proper reporting. Effect: The College was not in compliance with HEERF reporting requirements and did not accurately report HEERF amounts on the Annual Report. Recommendation: We recommend the College implement internal control procedures to ensure proper annual and quarterly reporting and the person(s) responsible for reporting are current on the reporting requirements issued but the US Department of Education. View of responsible officials: Management acknowledges the finding and has prepared a corrective action plan. The College has already updated the website to include the number of eligible students.
Finding 2022-001
COVID-19 Education Stabilization Fund ? Higher Education Emergency Relief Fund (HEERF) CFDA No. 84.425 Department of Education Direct Award Grant period: April 25, 2020 through June 30, 2023 Questioned costs: $0 Condition: In regard to the Student Aid quarterly reporting, the College does not include the number of eligible students for HEERF funding in the narrative posted to the College?s website. In addition, the Annual Report had errors relating to the amount of Student Aid applied to students? account balances, the amount of Institutional expenditures were used to cover student outstanding account balances, and the amount of expenditures reported under other uses of Institutional Portion funds. Criteria: The student reporting requirements and posting due dates for Section 18004(a)(1) of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) were disclosed in the Federal Student Aid (IFAP) Electronic Announcement dated May 6, 2020. The student reporting requirements for Section 314(e) of CRRSAA and ARP HEERF III were disclosed in the Federal Student Aid (IFAP) Electronic Announcement dated May 13, 2021. The US Department of Education requires all information reported on annual and quarterly reports to be accurate. Cause: The College was unaware of the requirements to report the number of eligible students in the Student Aid quarterly reports and the Annual Report discrepancies were due to clerical errors. The College does not have proper internal controls in place to ensure proper reporting. Effect: The College was not in compliance with HEERF reporting requirements and did not accurately report HEERF amounts on the Annual Report. Recommendation: We recommend the College implement internal control procedures to ensure proper annual and quarterly reporting and the person(s) responsible for reporting are current on the reporting requirements issued but the US Department of Education. View of responsible officials: Management acknowledges the finding and has prepared a corrective action plan. The College has already updated the website to include the number of eligible students.
Finding 2022-001
COVID-19 Education Stabilization Fund ? Higher Education Emergency Relief Fund (HEERF) CFDA No. 84.425 Department of Education Direct Award Grant period: April 25, 2020 through June 30, 2023 Questioned costs: $0 Condition: In regard to the Student Aid quarterly reporting, the College does not include the number of eligible students for HEERF funding in the narrative posted to the College?s website. In addition, the Annual Report had errors relating to the amount of Student Aid applied to students? account balances, the amount of Institutional expenditures were used to cover student outstanding account balances, and the amount of expenditures reported under other uses of Institutional Portion funds. Criteria: The student reporting requirements and posting due dates for Section 18004(a)(1) of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) were disclosed in the Federal Student Aid (IFAP) Electronic Announcement dated May 6, 2020. The student reporting requirements for Section 314(e) of CRRSAA and ARP HEERF III were disclosed in the Federal Student Aid (IFAP) Electronic Announcement dated May 13, 2021. The US Department of Education requires all information reported on annual and quarterly reports to be accurate. Cause: The College was unaware of the requirements to report the number of eligible students in the Student Aid quarterly reports and the Annual Report discrepancies were due to clerical errors. The College does not have proper internal controls in place to ensure proper reporting. Effect: The College was not in compliance with HEERF reporting requirements and did not accurately report HEERF amounts on the Annual Report. Recommendation: We recommend the College implement internal control procedures to ensure proper annual and quarterly reporting and the person(s) responsible for reporting are current on the reporting requirements issued but the US Department of Education. View of responsible officials: Management acknowledges the finding and has prepared a corrective action plan. The College has already updated the website to include the number of eligible students.