Finding 2023-005– Student Financial Assistance Cluster Internal Control over Compliance
Condition
City Colleges did not have sufficient documentation that internal controls were in place and operating effectively relative to the following areas:
• Allowable Activities: For each of the seven campus...
Finding 2023-005– Student Financial Assistance Cluster Internal Control over Compliance
Condition
City Colleges did not have sufficient documentation that internal controls were in place and operating effectively relative to the following areas:
• Allowable Activities: For each of the seven campuses, City Colleges did not have sufficient supporting evidence that review controls were performed over the transfer, carryforward, carryback, and administrative cost calculations in the Fiscal Operations
Report and Application to Participate (FISAP) for award year July 1, 2021 through June 30, 2022 submitted during fiscal year 2023.
• Reporting: For each of the seven campuses, City Colleges did not have sufficient supporting evidence that secondary review controls were performed over FISAP data for award year July 1, 2021 through June 30, 2022 submitted during fiscal year 2023.
Cause
City Colleges did not formally document the additional reviews and approvals over the department’s review of the FISAP.
Corrective Action Taken or Planned
Financial Aid will develop and document a review/approval process that will detail accurate reporting, secondary reviews, and review/approval of FISAP submissions and completions.
Contact Person: Tiffany Morrison, Associate Vice Chancellor, Financial Aid
Anticipated Completion Date: December 31, 2023