2022-006 Significant Deficiency in Internal Controls over Compliance – Cash Management Agency: U.S. Department of Health and Human Services Program(s) and Federal Award Identification Number(s): Special Programs for the Aging, Title VI, Part A, Grants to Indian Tribes AL 93.047 New or Repeat: Repeat Criteria: Per 2 CFR 200.303, the non-Federal entity is responsible for maintaining effective internal controls over cash management to comply with terms and conditions of the Federal award. Per CFR 200.305(b), for cost reimbursement awards, the timing of cash draws shall be as close as administratively feasible to the actual disbursements of program costs. Additionally, per 2 CFR 200.334, “financial records, supporting documents . . . and all other non-Federal entity records pertinent to the Federal award must be retained for a period of three years from the date of submission of the final expenditure report.” Condition: Internal controls were not sufficiently designed and implemented to ensure that reimbursement requests were accurate and supported by expenditures incurred prior to the drawdown request. Monthly reimbursement requests were not reviewed by an individual, other than the preparer, to ensure the amount requested agreed to the supporting records. Additionally, the supporting records used to prepare the reimbursement requests were not retained. Reconciliation and monitoring activities were not in place to ensure amounts requested matched recalculated expenditure totals between periods. Cause: Vacancies in key financial positions and lack of adequate resources in the finance department lead to a breakdown of established controls and inadequate monitoring of cash management requirements and documentation. Context: See condition. Effect: Due to the condition of the supporting records and lack of an effective tracking system regarding expenditures already reimbursed, there is potential that CCS could have been reimbursed for the same expense twice or that drawdowns occurred before expenses are incurred. Records had to be recreated in order to complete our audit procedures. Questioned costs: No questioned costs. Recommendation: We recommend management establish policies and procedures to ensure controls are properly designed and implemented to ensure that reimbursement requests are accurate and supported by expenditures incurred. Further, we recommend management develop a tracking spreadsheet to record and monitor monthly reimbursement amounts, as well as the total amount drawndown, over the award’s period of performance. View of responsible officials: Management concurs with this finding, see corrective action plan.
2022-002 Reporting ? Schedule of Expenditures of Federal AwardsIdentification as a Repeat Finding: Repeat of Finding 2021-004.Finding:The SEFA provided for audit contained errors in identifying programs, program clusters and expenditures of federal awards.Criteria:The Organization is responsible for maintaining accurate information about all federal programs and reporting requirements. The Organization is responsible for using this information to comply with the Uniform Guidance in carrying out federal programs.Sample Size and Population: N/ACondition and Context:The original SEFA provided for audit contained errors in identifying programs, program clusters and expenditures of federal awards including the following:? 21.019 Coronavirus Relief Fund excluded. Contracts 4120 & 8328 passed through by the United Way of King County & the contract passed through by the Washington State Housing Finance Commission (WSHFC) totaled $205,822 but were not included in the original SEFA provided.? 21.023 Emergency Rental Assistance Program Contract 9395 passed through by the United Way of King County understated by $341,000.? 21.023 Emergency Rental Assistance Program Contract excluded. Contract 8366 passed through by the United Way of King County included $8,274,601 of federal funds that were not included on the original SEFA provided for audit.? 21.026 Homeowner Assistance Fund contact #HAF0025 passed through by WSHFC overstated by $124,710.? 91.024 Emergency Food and Shelter contract #889000-033 passed through by United Way of King County overstated by $66,542.? 17.258 WIOA Title 1b Adult Services contract #21-115-ADU passed through by Workforce Development Council of King County not identified as part of the WIOA Cluster.Additionally, the prior year SEFA was overstated by $704,017 for the 20.019 Coronavirus Relief Fund Contracts #4120 and #8328 passed through by the United Way of King County due to the accounting error identified in Finding 2022-001.Effect:Inaccurate identification of programs subject to the Single Audit increases the risk that the Organization will not comply with the terms and conditions of federal programs.Cause:As noted in Finding 2022-001, the Organization did not correctly account for advanced federal funds and as noted in Finding 2022-003, the Organization has not implemented a policy for advanced federal funds that complies with 2 CFR 200.305. These gaps in internal control resulted in cut-off errors in SEFA reporting for FY21 & FY22. Additionally, the Organization has not been applying the guidance of Section 200.502 of the Uniform Guidance in preparing the SEFA. Lastly, the program manager of the pass through agency of the 21.023 Emergency Rental Assistance Program Contract #8366 incorrectly informed the Organization that it had no responsibility for reporting the contract as a subrecipient of federal funds.Recommendation:The Organization must continue to increase its familiarity with federal grant compliance requirements and establish a process for timely identification of federal programs and a system for tracking contracts in order to ensure compliance with federal award programs and to completeness and accuracy in SEFA reporting.Questioned Costs: NoneManagement Response and Corrective Action Plan: See Corrective Action PlanContact Person: Mansour Camara, CFO
2022-002 Reporting ? Schedule of Expenditures of Federal AwardsIdentification as a Repeat Finding: Repeat of Finding 2021-004.Finding:The SEFA provided for audit contained errors in identifying programs, program clusters and expenditures of federal awards.Criteria:The Organization is responsible for maintaining accurate information about all federal programs and reporting requirements. The Organization is responsible for using this information to comply with the Uniform Guidance in carrying out federal programs.Sample Size and Population: N/ACondition and Context:The original SEFA provided for audit contained errors in identifying programs, program clusters and expenditures of federal awards including the following:? 21.019 Coronavirus Relief Fund excluded. Contracts 4120 & 8328 passed through by the United Way of King County & the contract passed through by the Washington State Housing Finance Commission (WSHFC) totaled $205,822 but were not included in the original SEFA provided.? 21.023 Emergency Rental Assistance Program Contract 9395 passed through by the United Way of King County understated by $341,000.? 21.023 Emergency Rental Assistance Program Contract excluded. Contract 8366 passed through by the United Way of King County included $8,274,601 of federal funds that were not included on the original SEFA provided for audit.? 21.026 Homeowner Assistance Fund contact #HAF0025 passed through by WSHFC overstated by $124,710.? 91.024 Emergency Food and Shelter contract #889000-033 passed through by United Way of King County overstated by $66,542.? 17.258 WIOA Title 1b Adult Services contract #21-115-ADU passed through by Workforce Development Council of King County not identified as part of the WIOA Cluster.Additionally, the prior year SEFA was overstated by $704,017 for the 20.019 Coronavirus Relief Fund Contracts #4120 and #8328 passed through by the United Way of King County due to the accounting error identified in Finding 2022-001.Effect:Inaccurate identification of programs subject to the Single Audit increases the risk that the Organization will not comply with the terms and conditions of federal programs.Cause:As noted in Finding 2022-001, the Organization did not correctly account for advanced federal funds and as noted in Finding 2022-003, the Organization has not implemented a policy for advanced federal funds that complies with 2 CFR 200.305. These gaps in internal control resulted in cut-off errors in SEFA reporting for FY21 & FY22. Additionally, the Organization has not been applying the guidance of Section 200.502 of the Uniform Guidance in preparing the SEFA. Lastly, the program manager of the pass through agency of the 21.023 Emergency Rental Assistance Program Contract #8366 incorrectly informed the Organization that it had no responsibility for reporting the contract as a subrecipient of federal funds.Recommendation:The Organization must continue to increase its familiarity with federal grant compliance requirements and establish a process for timely identification of federal programs and a system for tracking contracts in order to ensure compliance with federal award programs and to completeness and accuracy in SEFA reporting.Questioned Costs: NoneManagement Response and Corrective Action Plan: See Corrective Action PlanContact Person: Mansour Camara, CFO
2022-002 Reporting ? Schedule of Expenditures of Federal AwardsIdentification as a Repeat Finding: Repeat of Finding 2021-004.Finding:The SEFA provided for audit contained errors in identifying programs, program clusters and expenditures of federal awards.Criteria:The Organization is responsible for maintaining accurate information about all federal programs and reporting requirements. The Organization is responsible for using this information to comply with the Uniform Guidance in carrying out federal programs.Sample Size and Population: N/ACondition and Context:The original SEFA provided for audit contained errors in identifying programs, program clusters and expenditures of federal awards including the following:? 21.019 Coronavirus Relief Fund excluded. Contracts 4120 & 8328 passed through by the United Way of King County & the contract passed through by the Washington State Housing Finance Commission (WSHFC) totaled $205,822 but were not included in the original SEFA provided.? 21.023 Emergency Rental Assistance Program Contract 9395 passed through by the United Way of King County understated by $341,000.? 21.023 Emergency Rental Assistance Program Contract excluded. Contract 8366 passed through by the United Way of King County included $8,274,601 of federal funds that were not included on the original SEFA provided for audit.? 21.026 Homeowner Assistance Fund contact #HAF0025 passed through by WSHFC overstated by $124,710.? 91.024 Emergency Food and Shelter contract #889000-033 passed through by United Way of King County overstated by $66,542.? 17.258 WIOA Title 1b Adult Services contract #21-115-ADU passed through by Workforce Development Council of King County not identified as part of the WIOA Cluster.Additionally, the prior year SEFA was overstated by $704,017 for the 20.019 Coronavirus Relief Fund Contracts #4120 and #8328 passed through by the United Way of King County due to the accounting error identified in Finding 2022-001.Effect:Inaccurate identification of programs subject to the Single Audit increases the risk that the Organization will not comply with the terms and conditions of federal programs.Cause:As noted in Finding 2022-001, the Organization did not correctly account for advanced federal funds and as noted in Finding 2022-003, the Organization has not implemented a policy for advanced federal funds that complies with 2 CFR 200.305. These gaps in internal control resulted in cut-off errors in SEFA reporting for FY21 & FY22. Additionally, the Organization has not been applying the guidance of Section 200.502 of the Uniform Guidance in preparing the SEFA. Lastly, the program manager of the pass through agency of the 21.023 Emergency Rental Assistance Program Contract #8366 incorrectly informed the Organization that it had no responsibility for reporting the contract as a subrecipient of federal funds.Recommendation:The Organization must continue to increase its familiarity with federal grant compliance requirements and establish a process for timely identification of federal programs and a system for tracking contracts in order to ensure compliance with federal award programs and to completeness and accuracy in SEFA reporting.Questioned Costs: NoneManagement Response and Corrective Action Plan: See Corrective Action PlanContact Person: Mansour Camara, CFO
2022-002 Reporting ? Schedule of Expenditures of Federal AwardsIdentification as a Repeat Finding: Repeat of Finding 2021-004.Finding:The SEFA provided for audit contained errors in identifying programs, program clusters and expenditures of federal awards.Criteria:The Organization is responsible for maintaining accurate information about all federal programs and reporting requirements. The Organization is responsible for using this information to comply with the Uniform Guidance in carrying out federal programs.Sample Size and Population: N/ACondition and Context:The original SEFA provided for audit contained errors in identifying programs, program clusters and expenditures of federal awards including the following:? 21.019 Coronavirus Relief Fund excluded. Contracts 4120 & 8328 passed through by the United Way of King County & the contract passed through by the Washington State Housing Finance Commission (WSHFC) totaled $205,822 but were not included in the original SEFA provided.? 21.023 Emergency Rental Assistance Program Contract 9395 passed through by the United Way of King County understated by $341,000.? 21.023 Emergency Rental Assistance Program Contract excluded. Contract 8366 passed through by the United Way of King County included $8,274,601 of federal funds that were not included on the original SEFA provided for audit.? 21.026 Homeowner Assistance Fund contact #HAF0025 passed through by WSHFC overstated by $124,710.? 91.024 Emergency Food and Shelter contract #889000-033 passed through by United Way of King County overstated by $66,542.? 17.258 WIOA Title 1b Adult Services contract #21-115-ADU passed through by Workforce Development Council of King County not identified as part of the WIOA Cluster.Additionally, the prior year SEFA was overstated by $704,017 for the 20.019 Coronavirus Relief Fund Contracts #4120 and #8328 passed through by the United Way of King County due to the accounting error identified in Finding 2022-001.Effect:Inaccurate identification of programs subject to the Single Audit increases the risk that the Organization will not comply with the terms and conditions of federal programs.Cause:As noted in Finding 2022-001, the Organization did not correctly account for advanced federal funds and as noted in Finding 2022-003, the Organization has not implemented a policy for advanced federal funds that complies with 2 CFR 200.305. These gaps in internal control resulted in cut-off errors in SEFA reporting for FY21 & FY22. Additionally, the Organization has not been applying the guidance of Section 200.502 of the Uniform Guidance in preparing the SEFA. Lastly, the program manager of the pass through agency of the 21.023 Emergency Rental Assistance Program Contract #8366 incorrectly informed the Organization that it had no responsibility for reporting the contract as a subrecipient of federal funds.Recommendation:The Organization must continue to increase its familiarity with federal grant compliance requirements and establish a process for timely identification of federal programs and a system for tracking contracts in order to ensure compliance with federal award programs and to completeness and accuracy in SEFA reporting.Questioned Costs: NoneManagement Response and Corrective Action Plan: See Corrective Action PlanContact Person: Mansour Camara, CFO
2022-002 Reporting ? Schedule of Expenditures of Federal AwardsIdentification as a Repeat Finding: Repeat of Finding 2021-004.Finding:The SEFA provided for audit contained errors in identifying programs, program clusters and expenditures of federal awards.Criteria:The Organization is responsible for maintaining accurate information about all federal programs and reporting requirements. The Organization is responsible for using this information to comply with the Uniform Guidance in carrying out federal programs.Sample Size and Population: N/ACondition and Context:The original SEFA provided for audit contained errors in identifying programs, program clusters and expenditures of federal awards including the following:? 21.019 Coronavirus Relief Fund excluded. Contracts 4120 & 8328 passed through by the United Way of King County & the contract passed through by the Washington State Housing Finance Commission (WSHFC) totaled $205,822 but were not included in the original SEFA provided.? 21.023 Emergency Rental Assistance Program Contract 9395 passed through by the United Way of King County understated by $341,000.? 21.023 Emergency Rental Assistance Program Contract excluded. Contract 8366 passed through by the United Way of King County included $8,274,601 of federal funds that were not included on the original SEFA provided for audit.? 21.026 Homeowner Assistance Fund contact #HAF0025 passed through by WSHFC overstated by $124,710.? 91.024 Emergency Food and Shelter contract #889000-033 passed through by United Way of King County overstated by $66,542.? 17.258 WIOA Title 1b Adult Services contract #21-115-ADU passed through by Workforce Development Council of King County not identified as part of the WIOA Cluster.Additionally, the prior year SEFA was overstated by $704,017 for the 20.019 Coronavirus Relief Fund Contracts #4120 and #8328 passed through by the United Way of King County due to the accounting error identified in Finding 2022-001.Effect:Inaccurate identification of programs subject to the Single Audit increases the risk that the Organization will not comply with the terms and conditions of federal programs.Cause:As noted in Finding 2022-001, the Organization did not correctly account for advanced federal funds and as noted in Finding 2022-003, the Organization has not implemented a policy for advanced federal funds that complies with 2 CFR 200.305. These gaps in internal control resulted in cut-off errors in SEFA reporting for FY21 & FY22. Additionally, the Organization has not been applying the guidance of Section 200.502 of the Uniform Guidance in preparing the SEFA. Lastly, the program manager of the pass through agency of the 21.023 Emergency Rental Assistance Program Contract #8366 incorrectly informed the Organization that it had no responsibility for reporting the contract as a subrecipient of federal funds.Recommendation:The Organization must continue to increase its familiarity with federal grant compliance requirements and establish a process for timely identification of federal programs and a system for tracking contracts in order to ensure compliance with federal award programs and to completeness and accuracy in SEFA reporting.Questioned Costs: NoneManagement Response and Corrective Action Plan: See Corrective Action PlanContact Person: Mansour Camara, CFO
2022-002 Reporting ? Schedule of Expenditures of Federal AwardsIdentification as a Repeat Finding: Repeat of Finding 2021-004.Finding:The SEFA provided for audit contained errors in identifying programs, program clusters and expenditures of federal awards.Criteria:The Organization is responsible for maintaining accurate information about all federal programs and reporting requirements. The Organization is responsible for using this information to comply with the Uniform Guidance in carrying out federal programs.Sample Size and Population: N/ACondition and Context:The original SEFA provided for audit contained errors in identifying programs, program clusters and expenditures of federal awards including the following:? 21.019 Coronavirus Relief Fund excluded. Contracts 4120 & 8328 passed through by the United Way of King County & the contract passed through by the Washington State Housing Finance Commission (WSHFC) totaled $205,822 but were not included in the original SEFA provided.? 21.023 Emergency Rental Assistance Program Contract 9395 passed through by the United Way of King County understated by $341,000.? 21.023 Emergency Rental Assistance Program Contract excluded. Contract 8366 passed through by the United Way of King County included $8,274,601 of federal funds that were not included on the original SEFA provided for audit.? 21.026 Homeowner Assistance Fund contact #HAF0025 passed through by WSHFC overstated by $124,710.? 91.024 Emergency Food and Shelter contract #889000-033 passed through by United Way of King County overstated by $66,542.? 17.258 WIOA Title 1b Adult Services contract #21-115-ADU passed through by Workforce Development Council of King County not identified as part of the WIOA Cluster.Additionally, the prior year SEFA was overstated by $704,017 for the 20.019 Coronavirus Relief Fund Contracts #4120 and #8328 passed through by the United Way of King County due to the accounting error identified in Finding 2022-001.Effect:Inaccurate identification of programs subject to the Single Audit increases the risk that the Organization will not comply with the terms and conditions of federal programs.Cause:As noted in Finding 2022-001, the Organization did not correctly account for advanced federal funds and as noted in Finding 2022-003, the Organization has not implemented a policy for advanced federal funds that complies with 2 CFR 200.305. These gaps in internal control resulted in cut-off errors in SEFA reporting for FY21 & FY22. Additionally, the Organization has not been applying the guidance of Section 200.502 of the Uniform Guidance in preparing the SEFA. Lastly, the program manager of the pass through agency of the 21.023 Emergency Rental Assistance Program Contract #8366 incorrectly informed the Organization that it had no responsibility for reporting the contract as a subrecipient of federal funds.Recommendation:The Organization must continue to increase its familiarity with federal grant compliance requirements and establish a process for timely identification of federal programs and a system for tracking contracts in order to ensure compliance with federal award programs and to completeness and accuracy in SEFA reporting.Questioned Costs: NoneManagement Response and Corrective Action Plan: See Corrective Action PlanContact Person: Mansour Camara, CFO
2022-002 Reporting ? Schedule of Expenditures of Federal AwardsIdentification as a Repeat Finding: Repeat of Finding 2021-004.Finding:The SEFA provided for audit contained errors in identifying programs, program clusters and expenditures of federal awards.Criteria:The Organization is responsible for maintaining accurate information about all federal programs and reporting requirements. The Organization is responsible for using this information to comply with the Uniform Guidance in carrying out federal programs.Sample Size and Population: N/ACondition and Context:The original SEFA provided for audit contained errors in identifying programs, program clusters and expenditures of federal awards including the following:? 21.019 Coronavirus Relief Fund excluded. Contracts 4120 & 8328 passed through by the United Way of King County & the contract passed through by the Washington State Housing Finance Commission (WSHFC) totaled $205,822 but were not included in the original SEFA provided.? 21.023 Emergency Rental Assistance Program Contract 9395 passed through by the United Way of King County understated by $341,000.? 21.023 Emergency Rental Assistance Program Contract excluded. Contract 8366 passed through by the United Way of King County included $8,274,601 of federal funds that were not included on the original SEFA provided for audit.? 21.026 Homeowner Assistance Fund contact #HAF0025 passed through by WSHFC overstated by $124,710.? 91.024 Emergency Food and Shelter contract #889000-033 passed through by United Way of King County overstated by $66,542.? 17.258 WIOA Title 1b Adult Services contract #21-115-ADU passed through by Workforce Development Council of King County not identified as part of the WIOA Cluster.Additionally, the prior year SEFA was overstated by $704,017 for the 20.019 Coronavirus Relief Fund Contracts #4120 and #8328 passed through by the United Way of King County due to the accounting error identified in Finding 2022-001.Effect:Inaccurate identification of programs subject to the Single Audit increases the risk that the Organization will not comply with the terms and conditions of federal programs.Cause:As noted in Finding 2022-001, the Organization did not correctly account for advanced federal funds and as noted in Finding 2022-003, the Organization has not implemented a policy for advanced federal funds that complies with 2 CFR 200.305. These gaps in internal control resulted in cut-off errors in SEFA reporting for FY21 & FY22. Additionally, the Organization has not been applying the guidance of Section 200.502 of the Uniform Guidance in preparing the SEFA. Lastly, the program manager of the pass through agency of the 21.023 Emergency Rental Assistance Program Contract #8366 incorrectly informed the Organization that it had no responsibility for reporting the contract as a subrecipient of federal funds.Recommendation:The Organization must continue to increase its familiarity with federal grant compliance requirements and establish a process for timely identification of federal programs and a system for tracking contracts in order to ensure compliance with federal award programs and to completeness and accuracy in SEFA reporting.Questioned Costs: NoneManagement Response and Corrective Action Plan: See Corrective Action PlanContact Person: Mansour Camara, CFO
2022 ? 003 Federal Payment Policy Identification as a Repeat Finding: Repeat of Finding 2021-005Finding:The Organization does not have a written policy that complies with the federal payment standards established in 2 CFR 200.305.Criteria:Non-Federal entities other than States must follow the federal payment standards set out at 2 CFR 200.305. They must maintain written procedures that minimize the time elapsing between the transfer of funds and disbursement by the non-Federal entity, and financial management systems that meet the standards for fund control and accountability. Other criteria include but are not limited to consolidating advanced payments to cover anticipated cash needs for all awards, utilizing resources before requesting advanced payments and depositing advanced payments in insured accounts whenever possible.Condition and context:The Urban League has not adopted a federal payment policy that complies with federal standards. The written advance payment of federal funds procedure document utilized by the Organization does not address the criteria of 2 CFR 200.305.Cause:The Organization did not review 2 CFR 200.305 when drafting its federal payment procedures to ensure all required components were incorporated.Sample size and population:Sampling was not applicable to this finding.Effect:The result of the finding is that the Urban League is not in compliance with federal payment standards.Recommendation:Incorporate 2 CFR 200.305 into federal payment procedures.Question Costs:NoneManagement Response and Corrective Action Plan:See Corrective Action PlanContact Person: Mansour Camara, CFO
2022 ? 003 Federal Payment Policy Identification as a Repeat Finding: Repeat of Finding 2021-005Finding:The Organization does not have a written policy that complies with the federal payment standards established in 2 CFR 200.305.Criteria:Non-Federal entities other than States must follow the federal payment standards set out at 2 CFR 200.305. They must maintain written procedures that minimize the time elapsing between the transfer of funds and disbursement by the non-Federal entity, and financial management systems that meet the standards for fund control and accountability. Other criteria include but are not limited to consolidating advanced payments to cover anticipated cash needs for all awards, utilizing resources before requesting advanced payments and depositing advanced payments in insured accounts whenever possible.Condition and context:The Urban League has not adopted a federal payment policy that complies with federal standards. The written advance payment of federal funds procedure document utilized by the Organization does not address the criteria of 2 CFR 200.305.Cause:The Organization did not review 2 CFR 200.305 when drafting its federal payment procedures to ensure all required components were incorporated.Sample size and population:Sampling was not applicable to this finding.Effect:The result of the finding is that the Urban League is not in compliance with federal payment standards.Recommendation:Incorporate 2 CFR 200.305 into federal payment procedures.Question Costs:NoneManagement Response and Corrective Action Plan:See Corrective Action PlanContact Person: Mansour Camara, CFO
Federal Funds Received Were Not Disbursed or Refunded Within Required Timeframe(Utah State University)Federal Agency: Department of EducationAssistance Listing Number and Title: VariousFederal Award Number: VariousQuestioned Costs: N/APass-through Entity: N/APrior Year Single Audit Report Finding Number: N/AFor one of the two tested advanced cash draws, Utah State University (University) did not disburse or refund $729,728 of $2,154,816 draw amount within required timeframe. 2 CFR 200.305(b) requires that payments methods must minimize the time elapsing between the transfer of funds from the United States Treasury?and the disbursement by the non-Federal entity? 34 CFR 668.162(b)(3) further requires that these advance funds be disbursed within three business days, but the University did not disburse or refund the advanced amount of $729,728 until over a month later. In addition, the advanced fund that the University held after three business days did not meet the excess cash tolerance criteria as stated in 34 CFR 668.166(b) as excess cash exceeded 1% of total fiscal year 2021 draws and was not fully disbursed within the next seven calendar days. Therefore, the University ?must return immediately?any amount of excess cash?? to the U.S. Department of Education (ED) as required by this federal regulation. This issue was the result of University personnel not monitoring advance cash draws to ensure they were disbursed or refunded within the required timeframe. Due to noncompliance with federal regulations, the ED could revoke the University?s permission to request funds on an advance basis. Because the excess cash was either disbursed or refunded to ED before year-end, no costs were questioned.Recommendation:We recommend that the University monitor the amount of advance draws and disburse or refund advance funds within the required timeframe.University?s Response:We agree with the finding.
Federal Funds Received Were Not Disbursed or Refunded Within Required Timeframe(Utah State University)Federal Agency: Department of EducationAssistance Listing Number and Title: VariousFederal Award Number: VariousQuestioned Costs: N/APass-through Entity: N/APrior Year Single Audit Report Finding Number: N/AFor one of the two tested advanced cash draws, Utah State University (University) did not disburse or refund $729,728 of $2,154,816 draw amount within required timeframe. 2 CFR 200.305(b) requires that payments methods must minimize the time elapsing between the transfer of funds from the United States Treasury?and the disbursement by the non-Federal entity? 34 CFR 668.162(b)(3) further requires that these advance funds be disbursed within three business days, but the University did not disburse or refund the advanced amount of $729,728 until over a month later. In addition, the advanced fund that the University held after three business days did not meet the excess cash tolerance criteria as stated in 34 CFR 668.166(b) as excess cash exceeded 1% of total fiscal year 2021 draws and was not fully disbursed within the next seven calendar days. Therefore, the University ?must return immediately?any amount of excess cash?? to the U.S. Department of Education (ED) as required by this federal regulation. This issue was the result of University personnel not monitoring advance cash draws to ensure they were disbursed or refunded within the required timeframe. Due to noncompliance with federal regulations, the ED could revoke the University?s permission to request funds on an advance basis. Because the excess cash was either disbursed or refunded to ED before year-end, no costs were questioned.Recommendation:We recommend that the University monitor the amount of advance draws and disburse or refund advance funds within the required timeframe.University?s Response:We agree with the finding.
Federal Funds Received Were Not Disbursed or Refunded Within Required Timeframe(Utah State University)Federal Agency: Department of EducationAssistance Listing Number and Title: VariousFederal Award Number: VariousQuestioned Costs: N/APass-through Entity: N/APrior Year Single Audit Report Finding Number: N/AFor one of the two tested advanced cash draws, Utah State University (University) did not disburse or refund $729,728 of $2,154,816 draw amount within required timeframe. 2 CFR 200.305(b) requires that payments methods must minimize the time elapsing between the transfer of funds from the United States Treasury?and the disbursement by the non-Federal entity? 34 CFR 668.162(b)(3) further requires that these advance funds be disbursed within three business days, but the University did not disburse or refund the advanced amount of $729,728 until over a month later. In addition, the advanced fund that the University held after three business days did not meet the excess cash tolerance criteria as stated in 34 CFR 668.166(b) as excess cash exceeded 1% of total fiscal year 2021 draws and was not fully disbursed within the next seven calendar days. Therefore, the University ?must return immediately?any amount of excess cash?? to the U.S. Department of Education (ED) as required by this federal regulation. This issue was the result of University personnel not monitoring advance cash draws to ensure they were disbursed or refunded within the required timeframe. Due to noncompliance with federal regulations, the ED could revoke the University?s permission to request funds on an advance basis. Because the excess cash was either disbursed or refunded to ED before year-end, no costs were questioned.Recommendation:We recommend that the University monitor the amount of advance draws and disburse or refund advance funds within the required timeframe.University?s Response:We agree with the finding.
Federal Funds Received Were Not Disbursed or Refunded Within Required Timeframe(Utah State University)Federal Agency: Department of EducationAssistance Listing Number and Title: VariousFederal Award Number: VariousQuestioned Costs: N/APass-through Entity: N/APrior Year Single Audit Report Finding Number: N/AFor one of the two tested advanced cash draws, Utah State University (University) did not disburse or refund $729,728 of $2,154,816 draw amount within required timeframe. 2 CFR 200.305(b) requires that payments methods must minimize the time elapsing between the transfer of funds from the United States Treasury?and the disbursement by the non-Federal entity? 34 CFR 668.162(b)(3) further requires that these advance funds be disbursed within three business days, but the University did not disburse or refund the advanced amount of $729,728 until over a month later. In addition, the advanced fund that the University held after three business days did not meet the excess cash tolerance criteria as stated in 34 CFR 668.166(b) as excess cash exceeded 1% of total fiscal year 2021 draws and was not fully disbursed within the next seven calendar days. Therefore, the University ?must return immediately?any amount of excess cash?? to the U.S. Department of Education (ED) as required by this federal regulation. This issue was the result of University personnel not monitoring advance cash draws to ensure they were disbursed or refunded within the required timeframe. Due to noncompliance with federal regulations, the ED could revoke the University?s permission to request funds on an advance basis. Because the excess cash was either disbursed or refunded to ED before year-end, no costs were questioned.Recommendation:We recommend that the University monitor the amount of advance draws and disburse or refund advance funds within the required timeframe.University?s Response:We agree with the finding.
Federal Funds Received Were Not Disbursed or Refunded Within Required Timeframe(Utah State University)Federal Agency: Department of EducationAssistance Listing Number and Title: VariousFederal Award Number: VariousQuestioned Costs: N/APass-through Entity: N/APrior Year Single Audit Report Finding Number: N/AFor one of the two tested advanced cash draws, Utah State University (University) did not disburse or refund $729,728 of $2,154,816 draw amount within required timeframe. 2 CFR 200.305(b) requires that payments methods must minimize the time elapsing between the transfer of funds from the United States Treasury?and the disbursement by the non-Federal entity? 34 CFR 668.162(b)(3) further requires that these advance funds be disbursed within three business days, but the University did not disburse or refund the advanced amount of $729,728 until over a month later. In addition, the advanced fund that the University held after three business days did not meet the excess cash tolerance criteria as stated in 34 CFR 668.166(b) as excess cash exceeded 1% of total fiscal year 2021 draws and was not fully disbursed within the next seven calendar days. Therefore, the University ?must return immediately?any amount of excess cash?? to the U.S. Department of Education (ED) as required by this federal regulation. This issue was the result of University personnel not monitoring advance cash draws to ensure they were disbursed or refunded within the required timeframe. Due to noncompliance with federal regulations, the ED could revoke the University?s permission to request funds on an advance basis. Because the excess cash was either disbursed or refunded to ED before year-end, no costs were questioned.Recommendation:We recommend that the University monitor the amount of advance draws and disburse or refund advance funds within the required timeframe.University?s Response:We agree with the finding.
Federal Funds Received Were Not Disbursed or Refunded Within Required Timeframe(Utah State University)Federal Agency: Department of EducationAssistance Listing Number and Title: VariousFederal Award Number: VariousQuestioned Costs: N/APass-through Entity: N/APrior Year Single Audit Report Finding Number: N/AFor one of the two tested advanced cash draws, Utah State University (University) did not disburse or refund $729,728 of $2,154,816 draw amount within required timeframe. 2 CFR 200.305(b) requires that payments methods must minimize the time elapsing between the transfer of funds from the United States Treasury?and the disbursement by the non-Federal entity? 34 CFR 668.162(b)(3) further requires that these advance funds be disbursed within three business days, but the University did not disburse or refund the advanced amount of $729,728 until over a month later. In addition, the advanced fund that the University held after three business days did not meet the excess cash tolerance criteria as stated in 34 CFR 668.166(b) as excess cash exceeded 1% of total fiscal year 2021 draws and was not fully disbursed within the next seven calendar days. Therefore, the University ?must return immediately?any amount of excess cash?? to the U.S. Department of Education (ED) as required by this federal regulation. This issue was the result of University personnel not monitoring advance cash draws to ensure they were disbursed or refunded within the required timeframe. Due to noncompliance with federal regulations, the ED could revoke the University?s permission to request funds on an advance basis. Because the excess cash was either disbursed or refunded to ED before year-end, no costs were questioned.Recommendation:We recommend that the University monitor the amount of advance draws and disburse or refund advance funds within the required timeframe.University?s Response:We agree with the finding.
Federal Funds Received Were Not Disbursed or Refunded Within Required Timeframe(Utah State University)Federal Agency: Department of EducationAssistance Listing Number and Title: VariousFederal Award Number: VariousQuestioned Costs: N/APass-through Entity: N/APrior Year Single Audit Report Finding Number: N/AFor one of the two tested advanced cash draws, Utah State University (University) did not disburse or refund $729,728 of $2,154,816 draw amount within required timeframe. 2 CFR 200.305(b) requires that payments methods must minimize the time elapsing between the transfer of funds from the United States Treasury?and the disbursement by the non-Federal entity? 34 CFR 668.162(b)(3) further requires that these advance funds be disbursed within three business days, but the University did not disburse or refund the advanced amount of $729,728 until over a month later. In addition, the advanced fund that the University held after three business days did not meet the excess cash tolerance criteria as stated in 34 CFR 668.166(b) as excess cash exceeded 1% of total fiscal year 2021 draws and was not fully disbursed within the next seven calendar days. Therefore, the University ?must return immediately?any amount of excess cash?? to the U.S. Department of Education (ED) as required by this federal regulation. This issue was the result of University personnel not monitoring advance cash draws to ensure they were disbursed or refunded within the required timeframe. Due to noncompliance with federal regulations, the ED could revoke the University?s permission to request funds on an advance basis. Because the excess cash was either disbursed or refunded to ED before year-end, no costs were questioned.Recommendation:We recommend that the University monitor the amount of advance draws and disburse or refund advance funds within the required timeframe.University?s Response:We agree with the finding.
Federal Funds Received Were Not Disbursed or Refunded Within Required Timeframe(Utah State University)Federal Agency: Department of EducationAssistance Listing Number and Title: VariousFederal Award Number: VariousQuestioned Costs: N/APass-through Entity: N/APrior Year Single Audit Report Finding Number: N/AFor one of the two tested advanced cash draws, Utah State University (University) did not disburse or refund $729,728 of $2,154,816 draw amount within required timeframe. 2 CFR 200.305(b) requires that payments methods must minimize the time elapsing between the transfer of funds from the United States Treasury?and the disbursement by the non-Federal entity? 34 CFR 668.162(b)(3) further requires that these advance funds be disbursed within three business days, but the University did not disburse or refund the advanced amount of $729,728 until over a month later. In addition, the advanced fund that the University held after three business days did not meet the excess cash tolerance criteria as stated in 34 CFR 668.166(b) as excess cash exceeded 1% of total fiscal year 2021 draws and was not fully disbursed within the next seven calendar days. Therefore, the University ?must return immediately?any amount of excess cash?? to the U.S. Department of Education (ED) as required by this federal regulation. This issue was the result of University personnel not monitoring advance cash draws to ensure they were disbursed or refunded within the required timeframe. Due to noncompliance with federal regulations, the ED could revoke the University?s permission to request funds on an advance basis. Because the excess cash was either disbursed or refunded to ED before year-end, no costs were questioned.Recommendation:We recommend that the University monitor the amount of advance draws and disburse or refund advance funds within the required timeframe.University?s Response:We agree with the finding.
Federal Funds Received Were Not Disbursed or Refunded Within Required Timeframe(Utah State University)Federal Agency: Department of EducationAssistance Listing Number and Title: VariousFederal Award Number: VariousQuestioned Costs: N/APass-through Entity: N/APrior Year Single Audit Report Finding Number: N/AFor one of the two tested advanced cash draws, Utah State University (University) did not disburse or refund $729,728 of $2,154,816 draw amount within required timeframe. 2 CFR 200.305(b) requires that payments methods must minimize the time elapsing between the transfer of funds from the United States Treasury?and the disbursement by the non-Federal entity? 34 CFR 668.162(b)(3) further requires that these advance funds be disbursed within three business days, but the University did not disburse or refund the advanced amount of $729,728 until over a month later. In addition, the advanced fund that the University held after three business days did not meet the excess cash tolerance criteria as stated in 34 CFR 668.166(b) as excess cash exceeded 1% of total fiscal year 2021 draws and was not fully disbursed within the next seven calendar days. Therefore, the University ?must return immediately?any amount of excess cash?? to the U.S. Department of Education (ED) as required by this federal regulation. This issue was the result of University personnel not monitoring advance cash draws to ensure they were disbursed or refunded within the required timeframe. Due to noncompliance with federal regulations, the ED could revoke the University?s permission to request funds on an advance basis. Because the excess cash was either disbursed or refunded to ED before year-end, no costs were questioned.Recommendation:We recommend that the University monitor the amount of advance draws and disburse or refund advance funds within the required timeframe.University?s Response:We agree with the finding.
Federal Funds Received Were Not Disbursed or Refunded Within Required Timeframe(Utah State University)Federal Agency: Department of EducationAssistance Listing Number and Title: VariousFederal Award Number: VariousQuestioned Costs: N/APass-through Entity: N/APrior Year Single Audit Report Finding Number: N/AFor one of the two tested advanced cash draws, Utah State University (University) did not disburse or refund $729,728 of $2,154,816 draw amount within required timeframe. 2 CFR 200.305(b) requires that payments methods must minimize the time elapsing between the transfer of funds from the United States Treasury?and the disbursement by the non-Federal entity? 34 CFR 668.162(b)(3) further requires that these advance funds be disbursed within three business days, but the University did not disburse or refund the advanced amount of $729,728 until over a month later. In addition, the advanced fund that the University held after three business days did not meet the excess cash tolerance criteria as stated in 34 CFR 668.166(b) as excess cash exceeded 1% of total fiscal year 2021 draws and was not fully disbursed within the next seven calendar days. Therefore, the University ?must return immediately?any amount of excess cash?? to the U.S. Department of Education (ED) as required by this federal regulation. This issue was the result of University personnel not monitoring advance cash draws to ensure they were disbursed or refunded within the required timeframe. Due to noncompliance with federal regulations, the ED could revoke the University?s permission to request funds on an advance basis. Because the excess cash was either disbursed or refunded to ED before year-end, no costs were questioned.Recommendation:We recommend that the University monitor the amount of advance draws and disburse or refund advance funds within the required timeframe.University?s Response:We agree with the finding.
Federal Funds Received Were Not Disbursed or Refunded Within Required Timeframe(Utah State University)Federal Agency: Department of EducationAssistance Listing Number and Title: VariousFederal Award Number: VariousQuestioned Costs: N/APass-through Entity: N/APrior Year Single Audit Report Finding Number: N/AFor one of the two tested advanced cash draws, Utah State University (University) did not disburse or refund $729,728 of $2,154,816 draw amount within required timeframe. 2 CFR 200.305(b) requires that payments methods must minimize the time elapsing between the transfer of funds from the United States Treasury?and the disbursement by the non-Federal entity? 34 CFR 668.162(b)(3) further requires that these advance funds be disbursed within three business days, but the University did not disburse or refund the advanced amount of $729,728 until over a month later. In addition, the advanced fund that the University held after three business days did not meet the excess cash tolerance criteria as stated in 34 CFR 668.166(b) as excess cash exceeded 1% of total fiscal year 2021 draws and was not fully disbursed within the next seven calendar days. Therefore, the University ?must return immediately?any amount of excess cash?? to the U.S. Department of Education (ED) as required by this federal regulation. This issue was the result of University personnel not monitoring advance cash draws to ensure they were disbursed or refunded within the required timeframe. Due to noncompliance with federal regulations, the ED could revoke the University?s permission to request funds on an advance basis. Because the excess cash was either disbursed or refunded to ED before year-end, no costs were questioned.Recommendation:We recommend that the University monitor the amount of advance draws and disburse or refund advance funds within the required timeframe.University?s Response:We agree with the finding.
Federal Funds Received Were Not Disbursed or Refunded Within Required Timeframe(Utah State University)Federal Agency: Department of EducationAssistance Listing Number and Title: VariousFederal Award Number: VariousQuestioned Costs: N/APass-through Entity: N/APrior Year Single Audit Report Finding Number: N/AFor one of the two tested advanced cash draws, Utah State University (University) did not disburse or refund $729,728 of $2,154,816 draw amount within required timeframe. 2 CFR 200.305(b) requires that payments methods must minimize the time elapsing between the transfer of funds from the United States Treasury?and the disbursement by the non-Federal entity? 34 CFR 668.162(b)(3) further requires that these advance funds be disbursed within three business days, but the University did not disburse or refund the advanced amount of $729,728 until over a month later. In addition, the advanced fund that the University held after three business days did not meet the excess cash tolerance criteria as stated in 34 CFR 668.166(b) as excess cash exceeded 1% of total fiscal year 2021 draws and was not fully disbursed within the next seven calendar days. Therefore, the University ?must return immediately?any amount of excess cash?? to the U.S. Department of Education (ED) as required by this federal regulation. This issue was the result of University personnel not monitoring advance cash draws to ensure they were disbursed or refunded within the required timeframe. Due to noncompliance with federal regulations, the ED could revoke the University?s permission to request funds on an advance basis. Because the excess cash was either disbursed or refunded to ED before year-end, no costs were questioned.Recommendation:We recommend that the University monitor the amount of advance draws and disburse or refund advance funds within the required timeframe.University?s Response:We agree with the finding.
Federal Funds Received Were Not Disbursed or Refunded Within Required Timeframe(Utah State University)Federal Agency: Department of EducationAssistance Listing Number and Title: VariousFederal Award Number: VariousQuestioned Costs: N/APass-through Entity: N/APrior Year Single Audit Report Finding Number: N/AFor one of the two tested advanced cash draws, Utah State University (University) did not disburse or refund $729,728 of $2,154,816 draw amount within required timeframe. 2 CFR 200.305(b) requires that payments methods must minimize the time elapsing between the transfer of funds from the United States Treasury?and the disbursement by the non-Federal entity? 34 CFR 668.162(b)(3) further requires that these advance funds be disbursed within three business days, but the University did not disburse or refund the advanced amount of $729,728 until over a month later. In addition, the advanced fund that the University held after three business days did not meet the excess cash tolerance criteria as stated in 34 CFR 668.166(b) as excess cash exceeded 1% of total fiscal year 2021 draws and was not fully disbursed within the next seven calendar days. Therefore, the University ?must return immediately?any amount of excess cash?? to the U.S. Department of Education (ED) as required by this federal regulation. This issue was the result of University personnel not monitoring advance cash draws to ensure they were disbursed or refunded within the required timeframe. Due to noncompliance with federal regulations, the ED could revoke the University?s permission to request funds on an advance basis. Because the excess cash was either disbursed or refunded to ED before year-end, no costs were questioned.Recommendation:We recommend that the University monitor the amount of advance draws and disburse or refund advance funds within the required timeframe.University?s Response:We agree with the finding.
Federal Funds Received Were Not Disbursed or Refunded Within Required Timeframe(Utah State University)Federal Agency: Department of EducationAssistance Listing Number and Title: VariousFederal Award Number: VariousQuestioned Costs: N/APass-through Entity: N/APrior Year Single Audit Report Finding Number: N/AFor one of the two tested advanced cash draws, Utah State University (University) did not disburse or refund $729,728 of $2,154,816 draw amount within required timeframe. 2 CFR 200.305(b) requires that payments methods must minimize the time elapsing between the transfer of funds from the United States Treasury?and the disbursement by the non-Federal entity? 34 CFR 668.162(b)(3) further requires that these advance funds be disbursed within three business days, but the University did not disburse or refund the advanced amount of $729,728 until over a month later. In addition, the advanced fund that the University held after three business days did not meet the excess cash tolerance criteria as stated in 34 CFR 668.166(b) as excess cash exceeded 1% of total fiscal year 2021 draws and was not fully disbursed within the next seven calendar days. Therefore, the University ?must return immediately?any amount of excess cash?? to the U.S. Department of Education (ED) as required by this federal regulation. This issue was the result of University personnel not monitoring advance cash draws to ensure they were disbursed or refunded within the required timeframe. Due to noncompliance with federal regulations, the ED could revoke the University?s permission to request funds on an advance basis. Because the excess cash was either disbursed or refunded to ED before year-end, no costs were questioned.Recommendation:We recommend that the University monitor the amount of advance draws and disburse or refund advance funds within the required timeframe.University?s Response:We agree with the finding.
Federal Funds Received Were Not Disbursed or Refunded Within Required Timeframe(Utah State University)Federal Agency: Department of EducationAssistance Listing Number and Title: VariousFederal Award Number: VariousQuestioned Costs: N/APass-through Entity: N/APrior Year Single Audit Report Finding Number: N/AFor one of the two tested advanced cash draws, Utah State University (University) did not disburse or refund $729,728 of $2,154,816 draw amount within required timeframe. 2 CFR 200.305(b) requires that payments methods must minimize the time elapsing between the transfer of funds from the United States Treasury?and the disbursement by the non-Federal entity? 34 CFR 668.162(b)(3) further requires that these advance funds be disbursed within three business days, but the University did not disburse or refund the advanced amount of $729,728 until over a month later. In addition, the advanced fund that the University held after three business days did not meet the excess cash tolerance criteria as stated in 34 CFR 668.166(b) as excess cash exceeded 1% of total fiscal year 2021 draws and was not fully disbursed within the next seven calendar days. Therefore, the University ?must return immediately?any amount of excess cash?? to the U.S. Department of Education (ED) as required by this federal regulation. This issue was the result of University personnel not monitoring advance cash draws to ensure they were disbursed or refunded within the required timeframe. Due to noncompliance with federal regulations, the ED could revoke the University?s permission to request funds on an advance basis. Because the excess cash was either disbursed or refunded to ED before year-end, no costs were questioned.Recommendation:We recommend that the University monitor the amount of advance draws and disburse or refund advance funds within the required timeframe.University?s Response:We agree with the finding.
Federal Funds Received Were Not Disbursed or Refunded Within Required Timeframe(Utah State University)Federal Agency: Department of EducationAssistance Listing Number and Title: VariousFederal Award Number: VariousQuestioned Costs: N/APass-through Entity: N/APrior Year Single Audit Report Finding Number: N/AFor one of the two tested advanced cash draws, Utah State University (University) did not disburse or refund $729,728 of $2,154,816 draw amount within required timeframe. 2 CFR 200.305(b) requires that payments methods must minimize the time elapsing between the transfer of funds from the United States Treasury?and the disbursement by the non-Federal entity? 34 CFR 668.162(b)(3) further requires that these advance funds be disbursed within three business days, but the University did not disburse or refund the advanced amount of $729,728 until over a month later. In addition, the advanced fund that the University held after three business days did not meet the excess cash tolerance criteria as stated in 34 CFR 668.166(b) as excess cash exceeded 1% of total fiscal year 2021 draws and was not fully disbursed within the next seven calendar days. Therefore, the University ?must return immediately?any amount of excess cash?? to the U.S. Department of Education (ED) as required by this federal regulation. This issue was the result of University personnel not monitoring advance cash draws to ensure they were disbursed or refunded within the required timeframe. Due to noncompliance with federal regulations, the ED could revoke the University?s permission to request funds on an advance basis. Because the excess cash was either disbursed or refunded to ED before year-end, no costs were questioned.Recommendation:We recommend that the University monitor the amount of advance draws and disburse or refund advance funds within the required timeframe.University?s Response:We agree with the finding.
Federal Funds Received Were Not Disbursed or Refunded Within Required Timeframe(Utah State University)Federal Agency: Department of EducationAssistance Listing Number and Title: VariousFederal Award Number: VariousQuestioned Costs: N/APass-through Entity: N/APrior Year Single Audit Report Finding Number: N/AFor one of the two tested advanced cash draws, Utah State University (University) did not disburse or refund $729,728 of $2,154,816 draw amount within required timeframe. 2 CFR 200.305(b) requires that payments methods must minimize the time elapsing between the transfer of funds from the United States Treasury?and the disbursement by the non-Federal entity? 34 CFR 668.162(b)(3) further requires that these advance funds be disbursed within three business days, but the University did not disburse or refund the advanced amount of $729,728 until over a month later. In addition, the advanced fund that the University held after three business days did not meet the excess cash tolerance criteria as stated in 34 CFR 668.166(b) as excess cash exceeded 1% of total fiscal year 2021 draws and was not fully disbursed within the next seven calendar days. Therefore, the University ?must return immediately?any amount of excess cash?? to the U.S. Department of Education (ED) as required by this federal regulation. This issue was the result of University personnel not monitoring advance cash draws to ensure they were disbursed or refunded within the required timeframe. Due to noncompliance with federal regulations, the ED could revoke the University?s permission to request funds on an advance basis. Because the excess cash was either disbursed or refunded to ED before year-end, no costs were questioned.Recommendation:We recommend that the University monitor the amount of advance draws and disburse or refund advance funds within the required timeframe.University?s Response:We agree with the finding.
Federal Funds Received Were Not Disbursed or Refunded Within Required Timeframe(Utah State University)Federal Agency: Department of EducationAssistance Listing Number and Title: VariousFederal Award Number: VariousQuestioned Costs: N/APass-through Entity: N/APrior Year Single Audit Report Finding Number: N/AFor one of the two tested advanced cash draws, Utah State University (University) did not disburse or refund $729,728 of $2,154,816 draw amount within required timeframe. 2 CFR 200.305(b) requires that payments methods must minimize the time elapsing between the transfer of funds from the United States Treasury?and the disbursement by the non-Federal entity? 34 CFR 668.162(b)(3) further requires that these advance funds be disbursed within three business days, but the University did not disburse or refund the advanced amount of $729,728 until over a month later. In addition, the advanced fund that the University held after three business days did not meet the excess cash tolerance criteria as stated in 34 CFR 668.166(b) as excess cash exceeded 1% of total fiscal year 2021 draws and was not fully disbursed within the next seven calendar days. Therefore, the University ?must return immediately?any amount of excess cash?? to the U.S. Department of Education (ED) as required by this federal regulation. This issue was the result of University personnel not monitoring advance cash draws to ensure they were disbursed or refunded within the required timeframe. Due to noncompliance with federal regulations, the ED could revoke the University?s permission to request funds on an advance basis. Because the excess cash was either disbursed or refunded to ED before year-end, no costs were questioned.Recommendation:We recommend that the University monitor the amount of advance draws and disburse or refund advance funds within the required timeframe.University?s Response:We agree with the finding.
Federal Funds Received Were Not Disbursed or Refunded Within Required Timeframe(Utah State University)Federal Agency: Department of EducationAssistance Listing Number and Title: VariousFederal Award Number: VariousQuestioned Costs: N/APass-through Entity: N/APrior Year Single Audit Report Finding Number: N/AFor one of the two tested advanced cash draws, Utah State University (University) did not disburse or refund $729,728 of $2,154,816 draw amount within required timeframe. 2 CFR 200.305(b) requires that payments methods must minimize the time elapsing between the transfer of funds from the United States Treasury?and the disbursement by the non-Federal entity? 34 CFR 668.162(b)(3) further requires that these advance funds be disbursed within three business days, but the University did not disburse or refund the advanced amount of $729,728 until over a month later. In addition, the advanced fund that the University held after three business days did not meet the excess cash tolerance criteria as stated in 34 CFR 668.166(b) as excess cash exceeded 1% of total fiscal year 2021 draws and was not fully disbursed within the next seven calendar days. Therefore, the University ?must return immediately?any amount of excess cash?? to the U.S. Department of Education (ED) as required by this federal regulation. This issue was the result of University personnel not monitoring advance cash draws to ensure they were disbursed or refunded within the required timeframe. Due to noncompliance with federal regulations, the ED could revoke the University?s permission to request funds on an advance basis. Because the excess cash was either disbursed or refunded to ED before year-end, no costs were questioned.Recommendation:We recommend that the University monitor the amount of advance draws and disburse or refund advance funds within the required timeframe.University?s Response:We agree with the finding.
Federal Funds Received Were Not Disbursed or Refunded Within Required Timeframe(Utah State University)Federal Agency: Department of EducationAssistance Listing Number and Title: VariousFederal Award Number: VariousQuestioned Costs: N/APass-through Entity: N/APrior Year Single Audit Report Finding Number: N/AFor one of the two tested advanced cash draws, Utah State University (University) did not disburse or refund $729,728 of $2,154,816 draw amount within required timeframe. 2 CFR 200.305(b) requires that payments methods must minimize the time elapsing between the transfer of funds from the United States Treasury?and the disbursement by the non-Federal entity? 34 CFR 668.162(b)(3) further requires that these advance funds be disbursed within three business days, but the University did not disburse or refund the advanced amount of $729,728 until over a month later. In addition, the advanced fund that the University held after three business days did not meet the excess cash tolerance criteria as stated in 34 CFR 668.166(b) as excess cash exceeded 1% of total fiscal year 2021 draws and was not fully disbursed within the next seven calendar days. Therefore, the University ?must return immediately?any amount of excess cash?? to the U.S. Department of Education (ED) as required by this federal regulation. This issue was the result of University personnel not monitoring advance cash draws to ensure they were disbursed or refunded within the required timeframe. Due to noncompliance with federal regulations, the ED could revoke the University?s permission to request funds on an advance basis. Because the excess cash was either disbursed or refunded to ED before year-end, no costs were questioned.Recommendation:We recommend that the University monitor the amount of advance draws and disburse or refund advance funds within the required timeframe.University?s Response:We agree with the finding.
Federal Funds Received Were Not Disbursed or Refunded Within Required Timeframe(Utah State University)Federal Agency: Department of EducationAssistance Listing Number and Title: VariousFederal Award Number: VariousQuestioned Costs: N/APass-through Entity: N/APrior Year Single Audit Report Finding Number: N/AFor one of the two tested advanced cash draws, Utah State University (University) did not disburse or refund $729,728 of $2,154,816 draw amount within required timeframe. 2 CFR 200.305(b) requires that payments methods must minimize the time elapsing between the transfer of funds from the United States Treasury?and the disbursement by the non-Federal entity? 34 CFR 668.162(b)(3) further requires that these advance funds be disbursed within three business days, but the University did not disburse or refund the advanced amount of $729,728 until over a month later. In addition, the advanced fund that the University held after three business days did not meet the excess cash tolerance criteria as stated in 34 CFR 668.166(b) as excess cash exceeded 1% of total fiscal year 2021 draws and was not fully disbursed within the next seven calendar days. Therefore, the University ?must return immediately?any amount of excess cash?? to the U.S. Department of Education (ED) as required by this federal regulation. This issue was the result of University personnel not monitoring advance cash draws to ensure they were disbursed or refunded within the required timeframe. Due to noncompliance with federal regulations, the ED could revoke the University?s permission to request funds on an advance basis. Because the excess cash was either disbursed or refunded to ED before year-end, no costs were questioned.Recommendation:We recommend that the University monitor the amount of advance draws and disburse or refund advance funds within the required timeframe.University?s Response:We agree with the finding.
Federal Funds Received Were Not Disbursed or Refunded Within Required Timeframe(Utah State University)Federal Agency: Department of EducationAssistance Listing Number and Title: VariousFederal Award Number: VariousQuestioned Costs: N/APass-through Entity: N/APrior Year Single Audit Report Finding Number: N/AFor one of the two tested advanced cash draws, Utah State University (University) did not disburse or refund $729,728 of $2,154,816 draw amount within required timeframe. 2 CFR 200.305(b) requires that payments methods must minimize the time elapsing between the transfer of funds from the United States Treasury?and the disbursement by the non-Federal entity? 34 CFR 668.162(b)(3) further requires that these advance funds be disbursed within three business days, but the University did not disburse or refund the advanced amount of $729,728 until over a month later. In addition, the advanced fund that the University held after three business days did not meet the excess cash tolerance criteria as stated in 34 CFR 668.166(b) as excess cash exceeded 1% of total fiscal year 2021 draws and was not fully disbursed within the next seven calendar days. Therefore, the University ?must return immediately?any amount of excess cash?? to the U.S. Department of Education (ED) as required by this federal regulation. This issue was the result of University personnel not monitoring advance cash draws to ensure they were disbursed or refunded within the required timeframe. Due to noncompliance with federal regulations, the ED could revoke the University?s permission to request funds on an advance basis. Because the excess cash was either disbursed or refunded to ED before year-end, no costs were questioned.Recommendation:We recommend that the University monitor the amount of advance draws and disburse or refund advance funds within the required timeframe.University?s Response:We agree with the finding.
Federal Funds Received Were Not Disbursed or Refunded Within Required Timeframe(Utah State University)Federal Agency: Department of EducationAssistance Listing Number and Title: VariousFederal Award Number: VariousQuestioned Costs: N/APass-through Entity: N/APrior Year Single Audit Report Finding Number: N/AFor one of the two tested advanced cash draws, Utah State University (University) did not disburse or refund $729,728 of $2,154,816 draw amount within required timeframe. 2 CFR 200.305(b) requires that payments methods must minimize the time elapsing between the transfer of funds from the United States Treasury?and the disbursement by the non-Federal entity? 34 CFR 668.162(b)(3) further requires that these advance funds be disbursed within three business days, but the University did not disburse or refund the advanced amount of $729,728 until over a month later. In addition, the advanced fund that the University held after three business days did not meet the excess cash tolerance criteria as stated in 34 CFR 668.166(b) as excess cash exceeded 1% of total fiscal year 2021 draws and was not fully disbursed within the next seven calendar days. Therefore, the University ?must return immediately?any amount of excess cash?? to the U.S. Department of Education (ED) as required by this federal regulation. This issue was the result of University personnel not monitoring advance cash draws to ensure they were disbursed or refunded within the required timeframe. Due to noncompliance with federal regulations, the ED could revoke the University?s permission to request funds on an advance basis. Because the excess cash was either disbursed or refunded to ED before year-end, no costs were questioned.Recommendation:We recommend that the University monitor the amount of advance draws and disburse or refund advance funds within the required timeframe.University?s Response:We agree with the finding.
Federal Funds Received Were Not Disbursed or Refunded Within Required Timeframe(Utah State University)Federal Agency: Department of EducationAssistance Listing Number and Title: VariousFederal Award Number: VariousQuestioned Costs: N/APass-through Entity: N/APrior Year Single Audit Report Finding Number: N/AFor one of the two tested advanced cash draws, Utah State University (University) did not disburse or refund $729,728 of $2,154,816 draw amount within required timeframe. 2 CFR 200.305(b) requires that payments methods must minimize the time elapsing between the transfer of funds from the United States Treasury?and the disbursement by the non-Federal entity? 34 CFR 668.162(b)(3) further requires that these advance funds be disbursed within three business days, but the University did not disburse or refund the advanced amount of $729,728 until over a month later. In addition, the advanced fund that the University held after three business days did not meet the excess cash tolerance criteria as stated in 34 CFR 668.166(b) as excess cash exceeded 1% of total fiscal year 2021 draws and was not fully disbursed within the next seven calendar days. Therefore, the University ?must return immediately?any amount of excess cash?? to the U.S. Department of Education (ED) as required by this federal regulation. This issue was the result of University personnel not monitoring advance cash draws to ensure they were disbursed or refunded within the required timeframe. Due to noncompliance with federal regulations, the ED could revoke the University?s permission to request funds on an advance basis. Because the excess cash was either disbursed or refunded to ED before year-end, no costs were questioned.Recommendation:We recommend that the University monitor the amount of advance draws and disburse or refund advance funds within the required timeframe.University?s Response:We agree with the finding.
Federal Funds Received Were Not Disbursed or Refunded Within Required Timeframe(Utah State University)Federal Agency: Department of EducationAssistance Listing Number and Title: VariousFederal Award Number: VariousQuestioned Costs: N/APass-through Entity: N/APrior Year Single Audit Report Finding Number: N/AFor one of the two tested advanced cash draws, Utah State University (University) did not disburse or refund $729,728 of $2,154,816 draw amount within required timeframe. 2 CFR 200.305(b) requires that payments methods must minimize the time elapsing between the transfer of funds from the United States Treasury?and the disbursement by the non-Federal entity? 34 CFR 668.162(b)(3) further requires that these advance funds be disbursed within three business days, but the University did not disburse or refund the advanced amount of $729,728 until over a month later. In addition, the advanced fund that the University held after three business days did not meet the excess cash tolerance criteria as stated in 34 CFR 668.166(b) as excess cash exceeded 1% of total fiscal year 2021 draws and was not fully disbursed within the next seven calendar days. Therefore, the University ?must return immediately?any amount of excess cash?? to the U.S. Department of Education (ED) as required by this federal regulation. This issue was the result of University personnel not monitoring advance cash draws to ensure they were disbursed or refunded within the required timeframe. Due to noncompliance with federal regulations, the ED could revoke the University?s permission to request funds on an advance basis. Because the excess cash was either disbursed or refunded to ED before year-end, no costs were questioned.Recommendation:We recommend that the University monitor the amount of advance draws and disburse or refund advance funds within the required timeframe.University?s Response:We agree with the finding.
Federal Funds Received Were Not Disbursed or Refunded Within Required Timeframe(Utah State University)Federal Agency: Department of EducationAssistance Listing Number and Title: VariousFederal Award Number: VariousQuestioned Costs: N/APass-through Entity: N/APrior Year Single Audit Report Finding Number: N/AFor one of the two tested advanced cash draws, Utah State University (University) did not disburse or refund $729,728 of $2,154,816 draw amount within required timeframe. 2 CFR 200.305(b) requires that payments methods must minimize the time elapsing between the transfer of funds from the United States Treasury?and the disbursement by the non-Federal entity? 34 CFR 668.162(b)(3) further requires that these advance funds be disbursed within three business days, but the University did not disburse or refund the advanced amount of $729,728 until over a month later. In addition, the advanced fund that the University held after three business days did not meet the excess cash tolerance criteria as stated in 34 CFR 668.166(b) as excess cash exceeded 1% of total fiscal year 2021 draws and was not fully disbursed within the next seven calendar days. Therefore, the University ?must return immediately?any amount of excess cash?? to the U.S. Department of Education (ED) as required by this federal regulation. This issue was the result of University personnel not monitoring advance cash draws to ensure they were disbursed or refunded within the required timeframe. Due to noncompliance with federal regulations, the ED could revoke the University?s permission to request funds on an advance basis. Because the excess cash was either disbursed or refunded to ED before year-end, no costs were questioned.Recommendation:We recommend that the University monitor the amount of advance draws and disburse or refund advance funds within the required timeframe.University?s Response:We agree with the finding.
Federal Funds Received Were Not Disbursed or Refunded Within Required Timeframe(Utah State University)Federal Agency: Department of EducationAssistance Listing Number and Title: VariousFederal Award Number: VariousQuestioned Costs: N/APass-through Entity: N/APrior Year Single Audit Report Finding Number: N/AFor one of the two tested advanced cash draws, Utah State University (University) did not disburse or refund $729,728 of $2,154,816 draw amount within required timeframe. 2 CFR 200.305(b) requires that payments methods must minimize the time elapsing between the transfer of funds from the United States Treasury?and the disbursement by the non-Federal entity? 34 CFR 668.162(b)(3) further requires that these advance funds be disbursed within three business days, but the University did not disburse or refund the advanced amount of $729,728 until over a month later. In addition, the advanced fund that the University held after three business days did not meet the excess cash tolerance criteria as stated in 34 CFR 668.166(b) as excess cash exceeded 1% of total fiscal year 2021 draws and was not fully disbursed within the next seven calendar days. Therefore, the University ?must return immediately?any amount of excess cash?? to the U.S. Department of Education (ED) as required by this federal regulation. This issue was the result of University personnel not monitoring advance cash draws to ensure they were disbursed or refunded within the required timeframe. Due to noncompliance with federal regulations, the ED could revoke the University?s permission to request funds on an advance basis. Because the excess cash was either disbursed or refunded to ED before year-end, no costs were questioned.Recommendation:We recommend that the University monitor the amount of advance draws and disburse or refund advance funds within the required timeframe.University?s Response:We agree with the finding.
Federal Funds Received Were Not Disbursed or Refunded Within Required Timeframe(Utah State University)Federal Agency: Department of EducationAssistance Listing Number and Title: VariousFederal Award Number: VariousQuestioned Costs: N/APass-through Entity: N/APrior Year Single Audit Report Finding Number: N/AFor one of the two tested advanced cash draws, Utah State University (University) did not disburse or refund $729,728 of $2,154,816 draw amount within required timeframe. 2 CFR 200.305(b) requires that payments methods must minimize the time elapsing between the transfer of funds from the United States Treasury?and the disbursement by the non-Federal entity? 34 CFR 668.162(b)(3) further requires that these advance funds be disbursed within three business days, but the University did not disburse or refund the advanced amount of $729,728 until over a month later. In addition, the advanced fund that the University held after three business days did not meet the excess cash tolerance criteria as stated in 34 CFR 668.166(b) as excess cash exceeded 1% of total fiscal year 2021 draws and was not fully disbursed within the next seven calendar days. Therefore, the University ?must return immediately?any amount of excess cash?? to the U.S. Department of Education (ED) as required by this federal regulation. This issue was the result of University personnel not monitoring advance cash draws to ensure they were disbursed or refunded within the required timeframe. Due to noncompliance with federal regulations, the ED could revoke the University?s permission to request funds on an advance basis. Because the excess cash was either disbursed or refunded to ED before year-end, no costs were questioned.Recommendation:We recommend that the University monitor the amount of advance draws and disburse or refund advance funds within the required timeframe.University?s Response:We agree with the finding.
Federal Funds Received Were Not Disbursed or Refunded Within Required Timeframe(Utah State University)Federal Agency: Department of EducationAssistance Listing Number and Title: VariousFederal Award Number: VariousQuestioned Costs: N/APass-through Entity: N/APrior Year Single Audit Report Finding Number: N/AFor one of the two tested advanced cash draws, Utah State University (University) did not disburse or refund $729,728 of $2,154,816 draw amount within required timeframe. 2 CFR 200.305(b) requires that payments methods must minimize the time elapsing between the transfer of funds from the United States Treasury?and the disbursement by the non-Federal entity? 34 CFR 668.162(b)(3) further requires that these advance funds be disbursed within three business days, but the University did not disburse or refund the advanced amount of $729,728 until over a month later. In addition, the advanced fund that the University held after three business days did not meet the excess cash tolerance criteria as stated in 34 CFR 668.166(b) as excess cash exceeded 1% of total fiscal year 2021 draws and was not fully disbursed within the next seven calendar days. Therefore, the University ?must return immediately?any amount of excess cash?? to the U.S. Department of Education (ED) as required by this federal regulation. This issue was the result of University personnel not monitoring advance cash draws to ensure they were disbursed or refunded within the required timeframe. Due to noncompliance with federal regulations, the ED could revoke the University?s permission to request funds on an advance basis. Because the excess cash was either disbursed or refunded to ED before year-end, no costs were questioned.Recommendation:We recommend that the University monitor the amount of advance draws and disburse or refund advance funds within the required timeframe.University?s Response:We agree with the finding.
Federal Funds Received Were Not Disbursed or Refunded Within Required Timeframe(Utah State University)Federal Agency: Department of EducationAssistance Listing Number and Title: VariousFederal Award Number: VariousQuestioned Costs: N/APass-through Entity: N/APrior Year Single Audit Report Finding Number: N/AFor one of the two tested advanced cash draws, Utah State University (University) did not disburse or refund $729,728 of $2,154,816 draw amount within required timeframe. 2 CFR 200.305(b) requires that payments methods must minimize the time elapsing between the transfer of funds from the United States Treasury?and the disbursement by the non-Federal entity? 34 CFR 668.162(b)(3) further requires that these advance funds be disbursed within three business days, but the University did not disburse or refund the advanced amount of $729,728 until over a month later. In addition, the advanced fund that the University held after three business days did not meet the excess cash tolerance criteria as stated in 34 CFR 668.166(b) as excess cash exceeded 1% of total fiscal year 2021 draws and was not fully disbursed within the next seven calendar days. Therefore, the University ?must return immediately?any amount of excess cash?? to the U.S. Department of Education (ED) as required by this federal regulation. This issue was the result of University personnel not monitoring advance cash draws to ensure they were disbursed or refunded within the required timeframe. Due to noncompliance with federal regulations, the ED could revoke the University?s permission to request funds on an advance basis. Because the excess cash was either disbursed or refunded to ED before year-end, no costs were questioned.Recommendation:We recommend that the University monitor the amount of advance draws and disburse or refund advance funds within the required timeframe.University?s Response:We agree with the finding.
Federal Funds Received Were Not Disbursed or Refunded Within Required Timeframe(Utah State University)Federal Agency: Department of EducationAssistance Listing Number and Title: VariousFederal Award Number: VariousQuestioned Costs: N/APass-through Entity: N/APrior Year Single Audit Report Finding Number: N/AFor one of the two tested advanced cash draws, Utah State University (University) did not disburse or refund $729,728 of $2,154,816 draw amount within required timeframe. 2 CFR 200.305(b) requires that payments methods must minimize the time elapsing between the transfer of funds from the United States Treasury?and the disbursement by the non-Federal entity? 34 CFR 668.162(b)(3) further requires that these advance funds be disbursed within three business days, but the University did not disburse or refund the advanced amount of $729,728 until over a month later. In addition, the advanced fund that the University held after three business days did not meet the excess cash tolerance criteria as stated in 34 CFR 668.166(b) as excess cash exceeded 1% of total fiscal year 2021 draws and was not fully disbursed within the next seven calendar days. Therefore, the University ?must return immediately?any amount of excess cash?? to the U.S. Department of Education (ED) as required by this federal regulation. This issue was the result of University personnel not monitoring advance cash draws to ensure they were disbursed or refunded within the required timeframe. Due to noncompliance with federal regulations, the ED could revoke the University?s permission to request funds on an advance basis. Because the excess cash was either disbursed or refunded to ED before year-end, no costs were questioned.Recommendation:We recommend that the University monitor the amount of advance draws and disburse or refund advance funds within the required timeframe.University?s Response:We agree with the finding.
Federal Funds Received Were Not Disbursed or Refunded Within Required Timeframe(Utah State University)Federal Agency: Department of EducationAssistance Listing Number and Title: VariousFederal Award Number: VariousQuestioned Costs: N/APass-through Entity: N/APrior Year Single Audit Report Finding Number: N/AFor one of the two tested advanced cash draws, Utah State University (University) did not disburse or refund $729,728 of $2,154,816 draw amount within required timeframe. 2 CFR 200.305(b) requires that payments methods must minimize the time elapsing between the transfer of funds from the United States Treasury?and the disbursement by the non-Federal entity? 34 CFR 668.162(b)(3) further requires that these advance funds be disbursed within three business days, but the University did not disburse or refund the advanced amount of $729,728 until over a month later. In addition, the advanced fund that the University held after three business days did not meet the excess cash tolerance criteria as stated in 34 CFR 668.166(b) as excess cash exceeded 1% of total fiscal year 2021 draws and was not fully disbursed within the next seven calendar days. Therefore, the University ?must return immediately?any amount of excess cash?? to the U.S. Department of Education (ED) as required by this federal regulation. This issue was the result of University personnel not monitoring advance cash draws to ensure they were disbursed or refunded within the required timeframe. Due to noncompliance with federal regulations, the ED could revoke the University?s permission to request funds on an advance basis. Because the excess cash was either disbursed or refunded to ED before year-end, no costs were questioned.Recommendation:We recommend that the University monitor the amount of advance draws and disburse or refund advance funds within the required timeframe.University?s Response:We agree with the finding.
Federal Funds Received Were Not Disbursed or Refunded Within Required Timeframe(Utah State University)Federal Agency: Department of EducationAssistance Listing Number and Title: VariousFederal Award Number: VariousQuestioned Costs: N/APass-through Entity: N/APrior Year Single Audit Report Finding Number: N/AFor one of the two tested advanced cash draws, Utah State University (University) did not disburse or refund $729,728 of $2,154,816 draw amount within required timeframe. 2 CFR 200.305(b) requires that payments methods must minimize the time elapsing between the transfer of funds from the United States Treasury?and the disbursement by the non-Federal entity? 34 CFR 668.162(b)(3) further requires that these advance funds be disbursed within three business days, but the University did not disburse or refund the advanced amount of $729,728 until over a month later. In addition, the advanced fund that the University held after three business days did not meet the excess cash tolerance criteria as stated in 34 CFR 668.166(b) as excess cash exceeded 1% of total fiscal year 2021 draws and was not fully disbursed within the next seven calendar days. Therefore, the University ?must return immediately?any amount of excess cash?? to the U.S. Department of Education (ED) as required by this federal regulation. This issue was the result of University personnel not monitoring advance cash draws to ensure they were disbursed or refunded within the required timeframe. Due to noncompliance with federal regulations, the ED could revoke the University?s permission to request funds on an advance basis. Because the excess cash was either disbursed or refunded to ED before year-end, no costs were questioned.Recommendation:We recommend that the University monitor the amount of advance draws and disburse or refund advance funds within the required timeframe.University?s Response:We agree with the finding.
Federal Funds Received Were Not Disbursed or Refunded Within Required Timeframe(Utah State University)Federal Agency: Department of EducationAssistance Listing Number and Title: VariousFederal Award Number: VariousQuestioned Costs: N/APass-through Entity: N/APrior Year Single Audit Report Finding Number: N/AFor one of the two tested advanced cash draws, Utah State University (University) did not disburse or refund $729,728 of $2,154,816 draw amount within required timeframe. 2 CFR 200.305(b) requires that payments methods must minimize the time elapsing between the transfer of funds from the United States Treasury?and the disbursement by the non-Federal entity? 34 CFR 668.162(b)(3) further requires that these advance funds be disbursed within three business days, but the University did not disburse or refund the advanced amount of $729,728 until over a month later. In addition, the advanced fund that the University held after three business days did not meet the excess cash tolerance criteria as stated in 34 CFR 668.166(b) as excess cash exceeded 1% of total fiscal year 2021 draws and was not fully disbursed within the next seven calendar days. Therefore, the University ?must return immediately?any amount of excess cash?? to the U.S. Department of Education (ED) as required by this federal regulation. This issue was the result of University personnel not monitoring advance cash draws to ensure they were disbursed or refunded within the required timeframe. Due to noncompliance with federal regulations, the ED could revoke the University?s permission to request funds on an advance basis. Because the excess cash was either disbursed or refunded to ED before year-end, no costs were questioned.Recommendation:We recommend that the University monitor the amount of advance draws and disburse or refund advance funds within the required timeframe.University?s Response:We agree with the finding.
Federal Funds Received Were Not Disbursed or Refunded Within Required Timeframe(Utah State University)Federal Agency: Department of EducationAssistance Listing Number and Title: VariousFederal Award Number: VariousQuestioned Costs: N/APass-through Entity: N/APrior Year Single Audit Report Finding Number: N/AFor one of the two tested advanced cash draws, Utah State University (University) did not disburse or refund $729,728 of $2,154,816 draw amount within required timeframe. 2 CFR 200.305(b) requires that payments methods must minimize the time elapsing between the transfer of funds from the United States Treasury?and the disbursement by the non-Federal entity? 34 CFR 668.162(b)(3) further requires that these advance funds be disbursed within three business days, but the University did not disburse or refund the advanced amount of $729,728 until over a month later. In addition, the advanced fund that the University held after three business days did not meet the excess cash tolerance criteria as stated in 34 CFR 668.166(b) as excess cash exceeded 1% of total fiscal year 2021 draws and was not fully disbursed within the next seven calendar days. Therefore, the University ?must return immediately?any amount of excess cash?? to the U.S. Department of Education (ED) as required by this federal regulation. This issue was the result of University personnel not monitoring advance cash draws to ensure they were disbursed or refunded within the required timeframe. Due to noncompliance with federal regulations, the ED could revoke the University?s permission to request funds on an advance basis. Because the excess cash was either disbursed or refunded to ED before year-end, no costs were questioned.Recommendation:We recommend that the University monitor the amount of advance draws and disburse or refund advance funds within the required timeframe.University?s Response:We agree with the finding.
Federal Funds Received Were Not Disbursed or Refunded Within Required Timeframe(Utah State University)Federal Agency: Department of EducationAssistance Listing Number and Title: VariousFederal Award Number: VariousQuestioned Costs: N/APass-through Entity: N/APrior Year Single Audit Report Finding Number: N/AFor one of the two tested advanced cash draws, Utah State University (University) did not disburse or refund $729,728 of $2,154,816 draw amount within required timeframe. 2 CFR 200.305(b) requires that payments methods must minimize the time elapsing between the transfer of funds from the United States Treasury?and the disbursement by the non-Federal entity? 34 CFR 668.162(b)(3) further requires that these advance funds be disbursed within three business days, but the University did not disburse or refund the advanced amount of $729,728 until over a month later. In addition, the advanced fund that the University held after three business days did not meet the excess cash tolerance criteria as stated in 34 CFR 668.166(b) as excess cash exceeded 1% of total fiscal year 2021 draws and was not fully disbursed within the next seven calendar days. Therefore, the University ?must return immediately?any amount of excess cash?? to the U.S. Department of Education (ED) as required by this federal regulation. This issue was the result of University personnel not monitoring advance cash draws to ensure they were disbursed or refunded within the required timeframe. Due to noncompliance with federal regulations, the ED could revoke the University?s permission to request funds on an advance basis. Because the excess cash was either disbursed or refunded to ED before year-end, no costs were questioned.Recommendation:We recommend that the University monitor the amount of advance draws and disburse or refund advance funds within the required timeframe.University?s Response:We agree with the finding.
Federal Funds Received Were Not Disbursed or Refunded Within Required Timeframe(Utah State University)Federal Agency: Department of EducationAssistance Listing Number and Title: VariousFederal Award Number: VariousQuestioned Costs: N/APass-through Entity: N/APrior Year Single Audit Report Finding Number: N/AFor one of the two tested advanced cash draws, Utah State University (University) did not disburse or refund $729,728 of $2,154,816 draw amount within required timeframe. 2 CFR 200.305(b) requires that payments methods must minimize the time elapsing between the transfer of funds from the United States Treasury?and the disbursement by the non-Federal entity? 34 CFR 668.162(b)(3) further requires that these advance funds be disbursed within three business days, but the University did not disburse or refund the advanced amount of $729,728 until over a month later. In addition, the advanced fund that the University held after three business days did not meet the excess cash tolerance criteria as stated in 34 CFR 668.166(b) as excess cash exceeded 1% of total fiscal year 2021 draws and was not fully disbursed within the next seven calendar days. Therefore, the University ?must return immediately?any amount of excess cash?? to the U.S. Department of Education (ED) as required by this federal regulation. This issue was the result of University personnel not monitoring advance cash draws to ensure they were disbursed or refunded within the required timeframe. Due to noncompliance with federal regulations, the ED could revoke the University?s permission to request funds on an advance basis. Because the excess cash was either disbursed or refunded to ED before year-end, no costs were questioned.Recommendation:We recommend that the University monitor the amount of advance draws and disburse or refund advance funds within the required timeframe.University?s Response:We agree with the finding.
Federal Funds Received Were Not Disbursed or Refunded Within Required Timeframe(Utah State University)Federal Agency: Department of EducationAssistance Listing Number and Title: VariousFederal Award Number: VariousQuestioned Costs: N/APass-through Entity: N/APrior Year Single Audit Report Finding Number: N/AFor one of the two tested advanced cash draws, Utah State University (University) did not disburse or refund $729,728 of $2,154,816 draw amount within required timeframe. 2 CFR 200.305(b) requires that payments methods must minimize the time elapsing between the transfer of funds from the United States Treasury?and the disbursement by the non-Federal entity? 34 CFR 668.162(b)(3) further requires that these advance funds be disbursed within three business days, but the University did not disburse or refund the advanced amount of $729,728 until over a month later. In addition, the advanced fund that the University held after three business days did not meet the excess cash tolerance criteria as stated in 34 CFR 668.166(b) as excess cash exceeded 1% of total fiscal year 2021 draws and was not fully disbursed within the next seven calendar days. Therefore, the University ?must return immediately?any amount of excess cash?? to the U.S. Department of Education (ED) as required by this federal regulation. This issue was the result of University personnel not monitoring advance cash draws to ensure they were disbursed or refunded within the required timeframe. Due to noncompliance with federal regulations, the ED could revoke the University?s permission to request funds on an advance basis. Because the excess cash was either disbursed or refunded to ED before year-end, no costs were questioned.Recommendation:We recommend that the University monitor the amount of advance draws and disburse or refund advance funds within the required timeframe.University?s Response:We agree with the finding.
Federal Funds Received Were Not Disbursed or Refunded Within Required Timeframe(Utah State University)Federal Agency: Department of EducationAssistance Listing Number and Title: VariousFederal Award Number: VariousQuestioned Costs: N/APass-through Entity: N/APrior Year Single Audit Report Finding Number: N/AFor one of the two tested advanced cash draws, Utah State University (University) did not disburse or refund $729,728 of $2,154,816 draw amount within required timeframe. 2 CFR 200.305(b) requires that payments methods must minimize the time elapsing between the transfer of funds from the United States Treasury?and the disbursement by the non-Federal entity? 34 CFR 668.162(b)(3) further requires that these advance funds be disbursed within three business days, but the University did not disburse or refund the advanced amount of $729,728 until over a month later. In addition, the advanced fund that the University held after three business days did not meet the excess cash tolerance criteria as stated in 34 CFR 668.166(b) as excess cash exceeded 1% of total fiscal year 2021 draws and was not fully disbursed within the next seven calendar days. Therefore, the University ?must return immediately?any amount of excess cash?? to the U.S. Department of Education (ED) as required by this federal regulation. This issue was the result of University personnel not monitoring advance cash draws to ensure they were disbursed or refunded within the required timeframe. Due to noncompliance with federal regulations, the ED could revoke the University?s permission to request funds on an advance basis. Because the excess cash was either disbursed or refunded to ED before year-end, no costs were questioned.Recommendation:We recommend that the University monitor the amount of advance draws and disburse or refund advance funds within the required timeframe.University?s Response:We agree with the finding.
Federal Funds Received Were Not Disbursed or Refunded Within Required Timeframe(Utah State University)Federal Agency: Department of EducationAssistance Listing Number and Title: VariousFederal Award Number: VariousQuestioned Costs: N/APass-through Entity: N/APrior Year Single Audit Report Finding Number: N/AFor one of the two tested advanced cash draws, Utah State University (University) did not disburse or refund $729,728 of $2,154,816 draw amount within required timeframe. 2 CFR 200.305(b) requires that payments methods must minimize the time elapsing between the transfer of funds from the United States Treasury?and the disbursement by the non-Federal entity? 34 CFR 668.162(b)(3) further requires that these advance funds be disbursed within three business days, but the University did not disburse or refund the advanced amount of $729,728 until over a month later. In addition, the advanced fund that the University held after three business days did not meet the excess cash tolerance criteria as stated in 34 CFR 668.166(b) as excess cash exceeded 1% of total fiscal year 2021 draws and was not fully disbursed within the next seven calendar days. Therefore, the University ?must return immediately?any amount of excess cash?? to the U.S. Department of Education (ED) as required by this federal regulation. This issue was the result of University personnel not monitoring advance cash draws to ensure they were disbursed or refunded within the required timeframe. Due to noncompliance with federal regulations, the ED could revoke the University?s permission to request funds on an advance basis. Because the excess cash was either disbursed or refunded to ED before year-end, no costs were questioned.Recommendation:We recommend that the University monitor the amount of advance draws and disburse or refund advance funds within the required timeframe.University?s Response:We agree with the finding.