Finding Text
Federal Agency: U.S. Department of Education
Federal Program Title: Student Financial Aid
Assistance Listing Number: Student Financial Aid Cluster
Award Period: July 1, 2023 to June 30, 2024
Type of Finding:
Significant Deficiency in Internal Control Over Compliance
Other Matters
Criteria or Specific Requirement: The Code of Federal Regulations, 34 CFR 675.19(b)(3) states that accurate information be populated and submitted on the Fiscal Operations Report and Application to Participate (FISAP).
Condition: During our testing of reporting, we noted the FISAP information was originally incorrectly reported for both Part II, Section D. #7 and Part II, Section E. #22 and had to be updated.
Questioned Costs: None
Context: During our testing, we noted the FISAP had to be updated for the total number of students enrolled at the college as well as total tuition and fees during 2023-2024.
Cause: The college did not have proper procedures in place to ensure information reported on the FISAP was accurate.
Effect: The College is not in compliance with the Department of Education requirements that state the FISAP must be accurately report information.
Repeat Finding: No.
Auditor’s Recommendation: We recommend the College review their policies and procedures surrounding FISAP reporting.
Views of Responsible Officials and Planned Corrective Actions: There is no disagreement with the audit finding.