Finding Text
Finding 2023-002 - U.S. Department of Education (USDE). Title IV Student Financial Aid
Programs:
Information on the federal program - Federal Direct Student Loans, CFDA No. 84. 268, June
30, 2023; Federal Pell Grants Program, CFDA No. 84. 063, June 30, 2023; Federal Supplemental
Educational Opportunity Grant, CFDA No. 84. 007, June 30, 2023; Federal Work-Study Program,
CFDA No. 84. 033, June 30, 2023
Criteria - Federal regulations governing Title IV programs.
Condition - Non-compliances were noted, as more fully described in the context below.
Questioned Costs-As provided below.
Context- We observed the following conditions in connection with our testing of the various U.S.
Department of Education, Title IV, Student Financial Assistance Programs.
■ The College had a difference in the Federal Work Study program which was not reconciled to
the general ledger.
Cause - Oversight by responsible employees.
Effect- The College's participation in the Title IV programs could be subject to USDE sanctions
as applicable.
Repeat Finding - No
Auditor's Recommendation - The University should implement corrective actions to ensure that
the above findings are resolved and will not recur in future periods.
View of Responsible Officials - Management concurs with this finding. The College has
implemented procedures to ensure that the Federal Work Study program reconciles to the
general ledger.