Finding Text
PREPARATION OF THE SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS (SEFA) - SIGNIFICANT DEFICIENCY
Federal Program
COVID-19 Education Stabilization Fund (ALN 84.425 C, F, & M) and Student Financial Assistance Cluster (ALN 84.007, 84.033, 84.063, and 84.268)
Criteria
Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) requires the auditee to prepare a complete and accurate SEFA.
Condition/Cause
The College did not prepare an accurate SEFA. The College provided information relating to the federal programs including agreements and other supporting documentation. However, a complete and accurate SEFA was not prepared.
Effect
The College was not in compliance with the requirements of the Uniform Guidance. The SEFA was prepared through further inquiry and documentation of awards received.
Questioned Costs
None
Context
The College had significant turnover within the accounting staff including the grant accountant. The College staff needed assistance to properly reflect federal program activity for the year.
Repeat Finding
No.
Recommendation
We recommend the College designate an individual to be responsible for assembling the SEFA after reviewing grant activity to determine that a SEFA is required for the year. The SEFA should be reviewed by management for accuracy and completeness after preparation before being sent to the auditors.
Management Response
See corrective action plan included in this report package.