Finding 1057842 (2024-001)

Significant Deficiency
Requirement
E
Questioned Costs
-
Year
2023
Accepted
2024-08-19
Audit: 317429
Auditor: Eide Bailly LLP

AI Summary

  • Core Issue: The University failed to properly calculate Pell Grant awards for some students due to inadequate internal controls.
  • Impacted Requirements: Compliance with U.S. Department of Education's Payment and Disbursement Schedules was not met, affecting the accuracy of Pell awards.
  • Recommended Follow-Up: Enhance internal controls to ensure Pell awards align with the established Payment and Disbursement Schedules.

Finding Text

Direct Programs – Department of Education Federal Assistance Listing # –84.063 Student Financial Aid Cluster – Federal Pell Grant Program Eligible Expenses – Pell Eligibility Significant Deficiency in Internal Controls over Compliance Criteria: Each year the U.S. Department of Education provides institutions with Payment and Disbursement Schedules for determining Pell awards. Based upon a student’s enrollment status, the maximum annual amount regarding a student’s Pell award is determined (34 CFR 690.62). Condition: During our testing of students that were disbursed Pell Grants, three students out of a total 40 that were tested did not receive the appropriate amount of Pell Grant. Cause: The University did not have adequate internal controls to ensure Pell awards agreed to the Payment and Disbursement Schedules. One of the cost of attendance amounts was incorrectly input for one specific category of students. Effect: Awards were not calculated correctly. Questioned Costs: None Context/Sampling: A non-statistical sample of 40 students were selected for testing across all assistance programs. Detail of the sample and population of students are as follows: • Sample: 33 students who received Pell disbursements totaling $124,642 • Population: 426 student who received Pell disbursements totaling $1,617,040We identified three students in our sample of 40 who received Pell disbursements that did not match the payment schedule. Total underpayments to the three students was $429. After review of the population, we identified 28 students who received Pell disbursements that did not match the payment schedule. Total underpayments to the 28 students was $4,004. Repeat Finding from Prior Year(s): No Recommendation: We recommend the College enhance internal controls to ensure Pell awards agree to the Payment and Disbursement Schedules. Views of Responsible Officials: Management agrees with this finding.

Categories

Student Financial Aid Eligibility Significant Deficiency Internal Control / Segregation of Duties

Other Findings in this Audit

  • 481400 2024-001
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
84.063 Federal Pell Grant Programs $1.62M
84.268 Federal Direct Student Loans $1.23M
84.042 Trio Student Support Services $406,792
84.425 Education Stabilization Fund $251,163
84.002 Adult Education - Basic Grants to States $117,945
84.048 Career and Technical Education - Basic Grants to States $61,765
84.334 Gaining Early Awareness and Readiness for Undergraduate Programs $48,916
84.007 Federal Supplemental Educaitonal Opportunity Grants $44,599
59.037 Small Business Development Centers $44,473
93.859 Biomedical Research and Research Training $41,829
84.033 Federal Work Study Programs $29,723
47.076 Stem Education $20,874
93.136 Injury Prevention and Control Research and State and Community Based Programs $16,769
10.307 Organic Agriculture Research and Extension Initiative $10,025
64.028 Post-911 Veterans Educational Assistance $1,488